Many people believe that February is a rough month for business. While there is no scientific proof, it is agreeable. It is not different. February 2018 is not a good month for the bitcoin. It is not good for Ethereum either. The price of the two leading cryptocurrency coins is sinking each morning, which is worrying investors. In total, the world’s largest digital coin drops its market capitalization. According to CoinDesk.com , BTC loses 30 percent of its market capitalization in January 2018. Check out the Binance cryptocurrency exchange review.
Why Is Bitcoin And Ethereum Having A Slow Start For 2018?
Things do not seem to be rough for the Bitcoin alone. The Litecoin and other digital coins are also down. The enthusiasm that is present in December is no longer current. According to available statistics by CoinMarketCap, the excitement is quickly fading away. In December 2017, the total market capitalization for all digital coins is over $830 billion, which is almost the amount that stretches to January. But things are changing fast. By the end of January, the total market capitalization for all digital coins is only $500 billion.
Small Digital Coins Are Rising
But all is not lost. As the price of major digital coins is shrinking, a few small ones are gaining. Some names that hardly appear on top of the page are slowly picking. Some of the names in this list are VeChain, Populous, Dogecoin, Stellar, and NEO. These names are now appearing in the Top 25 gainers. Some of them are appearing in the Top 25 for the first time. As such, they end the month of January with gains.
This altcoin is a closer dissection of the coins. We start with the VeChain. VeChain is always trading between $1 and $6. However, at its peak, it may go beyond $6. January 1, the price stands at $2.26. January 31, the price shoots to $5.58. All-time high comes on January 22, when the coin sells at $9.55. Aggregate January performance is +146 percent. The altcoin ranks at number 18 in the market cap.
Above all, this is another coin that hardly comes into the picture. But many people now know it. Also, this is how the altcoin performs in January 2018: January 1, price: $40.35. January 31, price: $69.78. All-time high price is on January 29, when it sells at $75.60. Overall January performance is at +72 percent. The coin ranks number 23 in the market capitalization. Note that Populous is an invoice. The cryptocurrency comes from the ether. But it wants to build itself as it places itself in the market. Currently, it has $3 trillion.
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January 1, the price stands at $74.54. January 31, the price stands at $145.76. All-time high mark is on January 15. On this date, the coin sells at $194.70.
The aggregate January performance is at +95 percent. It is at number 7 in market capitalization. So, as the price of the Bitcoin and the Ethereum are shrinking each day, it is giving some coins room. These unknown digital coins are using this chance.
Sometimes, people refer it as China Ethereum. This digital coin has a tremendous performance. January 1, the price stands at $74.54. January 31, the price stands at $145.76. All-time high mark is on January 15. On this date, the coin sells at $194.70. The aggregate January performance is at +95 percent. It is at number 7 in market capitalization. So, as the price of the Bitcoin and the Ethereum are shrinking each day, it is giving some coins room. These unknown altcoins are using this chance.
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