litecoin price

It’s a good day to be a hodler.

Following years of anticipation, doubts, bubbles, crashes, and a yearlong bull run that almost no one expected, the bitcoin price punched through the $10,000 threshold on bitcoin exchange Bitfinex, home to the largest BTC/USD trading pair.

The achievement sent a wave of euphoria throughout the bitcoin community, and it was particularly satisfying for early adopters who endured years of derision as they fought to help bitcoin become a mainstream financial instrument.

But the celebration did not end there.

Minutes later, the litecoin price quietly crossed the $100 threshold to punctuate its own record-setting run and raise its market cap to $5.5 billion.

Since the beginning of the year — when LTC was trading at just $4.33 — the litecoin price has increased by more than 2,200 percent — a surge that eclipses even bitcoin’s unprecedented climb.

litecoin price
Source: CoinMarketCap

As with bitcoin, the rally was led by South Korean traders who bid LTC up to a significant premium. While LTC/USD and LTC/BTC slowly crept toward $100, Bithumb’s LTC/KRW pair was already testing $120.

litecoin price
Source: CoinMarketCap

Of course, it’s important to note that litecoin could never have reached this historic milestone without the benefit of bitcoin’s tailwinds, and — given that it hit $100 just minutes after bitcoin reached $10,000 — it quite literally rode to this record on bitcoin’s coattails.

That said, Litecoin has demonstrated a commitment to innovation in 2017, as evidenced by its adoption of the SegWit scaling upgrade months before it activated on the Bitcoin Network. Litecoin served as a real-world sandbox for SegWit, and its successful implementation likely hastened its eventual integration into Bitcoin. Consequently, it is fitting that these two “founding fathers” of the cryptocurrency ecosystem should cross their respective milestones on the same day, almost hand in hand.

And, with the advent of lightning network technology over the coming months and years, the link between bitcoin and litecoin is expected to grow even stronger.

crypto review

According to coinmarketcap the current cryptocurrency market cap sits at around $300 billion, 500 million, with bitcoin making up 53.5% of the total market cap. Overnight Bitcoin crossed the $10k USD barrier.

Below is a summary of the top three currencies on coinmarketcap at time of writing

Bitcoin

Bitcoin, while still in the green, seems to have slowed down its rapid price increase that began early last saturday, lagging behind that price jump was an increase in trading volume that seems to have also subsided this morning, with the price hovering around $9640, with highs of $9823 and lows of $9460. At time of writing the price was $9675.73, with a market cap of $160 billion and trading volume staying stable at around $6 billion all day.

 

High Low
Price $9823.43 $9461.97
Market Cap $164 104 327 522 $158 054 166 175

 

Ethereum

Ethereum is in the green today, 3% against the US dollar and 0.35% against bitcoin. Market cap is at $45 billion and 4 million BTC, with highs of $493.40 and 0.0510 BTC, lows of $468.49 and 0.489 BTC. With the price sitting at $480.10 and 0.04937 BTC at time of writing, with volume sitting around $1.4 billion and 147 thousand BTC. Ethereum’s charts are looking a bit more volatile than the bitcoin chart for the same time frame today.

 

High Low
Price $496.40 | 0.05105570 BTC $468.49 | 0.0497 BTC
Market Cap $49 357 212 129 $44 966 409 692

 

Bitcoin Cash

Bitcoin Cash is 5.9% in the red today against the US dollar and 6.59 in the red against bitcoin, with a market cap of $27.6 billion and 2.8 million BTC. Around 09:30 today it dropped to $1607 and 0.170 BTC, recovering a bit to $1681 and 0.173 BTC, then falling further again. At time of writing the price was at $1613.42 and 0.1658 BTC with a trade volume of $1.5 billion and 161 thousand BTC. The chart is somewhat smooth with a downwards gradient.

 

High Low
Price $1717.61 | 0.178 BTC $1895.66 | 0.164495 BTC
Market Cap $28 889 799 688 $26 848 515 322

top cryptocurrencies november 2017

Since the release of Bitcoin, cryptocurrencies and blockchain technology have taken the world by swarm. Typically, a cryptocurrency is differentiated from a normal, fiat, currency because it is decentralised, not centralised. Cryptocurrencies allow internet users to transfer value in a peer-to-peer (p2p) system without middle men. This means that payments cannot be censored, and financial friction will inevitably be lessened internationally. Over the last several years, we have seen all of these use cases slowly come to fruition.

Where Bitcoin and most other altcoins are only psuedonymous, new cryptocurrencies such as Zcash can actually be provably anonymous. Still others, such as Ethereum, have created decentralised platforms for smart contracts – paving the way for our decentralised future. Some of these cryptocurrencies use Proof of Work (PoW) while some use Proof of Stake (PoS) – still others use a hybrid model, or a different type of consensus algorithm to address the Byzantine Generals’ Problem altogether.

No matter how you look at it, since the release of Bitcoin in 2009, the cryptocurrency space has evolved – and is still evolving. Now that 2017 is coming to an end, let’s take a step back and look at the top 25 cryptocurrencies from 2017. Use this list to find the best cryptocurrency for you!

Where can I buy these cryptocurrencies? You’re in luck! BlockExplorer also has a Top 25 Cryptocurrency Exchanges List of 2017 that will let you compare different exchanges around the world and choose the one that’s best for you.

Disclaimer: Buy cryptocurrency at your own risk.  This top cryptocurrencies list does not constitute professional financial advice.

Top 25 Altcoins, Blockchains, and Cryptocurrencies (2017 Edition)

1. Bitcoin (BTC)

Max supply: 21,000,000.0
Current supply: ~16,705,000
Hashing algorithm: SHA256
Proof Type: PoW
Start Date: January 3rd, 2009
Difficulty adjustment frequency: 2016 blocks
Block reward: 12.5
Blockexplorer: https://www.blockexplorer.com

2. Ethereum (ETH)

Max supply: N/A
Current supply: ~96,000,000
Hashing algorithm: Ethash
Proof Type: PoW (PoS planned)
Start Date: July 30th, 2015
Difficulty adjustment frequency: Per-block
Block reward: 3

3. Litecoin (LTC)

Max supply: 84,000,000
Current supply: ~54,020,000
Hashing algorithm: Scrypt
Proof Type: PoW
Start Date: October 10th, 2011
Difficulty adjustment frequency: 2016 blocks
Block reward: 25

4. Bitcoin Cash (BCH)

Max supply: 21,000,000
Current supply: ~16,825,500
Hashing algorithm: SHA256
Proof Type: PoW
Start Date: August 1st, 2017
Difficulty adjustment frequency: Median Time Past (11 blocks)
Block reward: 12.5
Blockexplorer: https://bitcoincash.blockexplorer.com

5. Ripple (XRP)

Max supply: 38,305,873,865.0
Current supply: 38,305,873,865.0
Hashing algorithm: N/A
Proof Type: N/A
Start Date: February 2nd, 2013
Difficulty adjustment frequency: N/A
Block reward: N/A

6. Bitcoin Gold (BTG)

Max supply: 21,000,000
Current supply: ~16,775,123.4
Hashing algorithm: Equihash
Proof Type: PoW
Start Date: October 25th, 2017
Difficulty adjustment frequency: Per-block
Block reward: 12.5

7. Dash (DASH)

Max supply: 22,000,000
Current supply: ~7,716,621.9
Hashing algorithm: X11
Proof Type: PoW/PoS
Start Date: January 18th, 2014
Difficulty adjustment frequency: Per-block, Dark Gravity Wave (DGW)
Block reward: 3.6

8. IOTA (IOT)

Max supply: 2,779,530,283.0
Current supply: 2,779,530,283.0
Hashing algorithm: N/A
Proof Type: Tangle
Start Date: July 17th, 2016
Difficulty adjustment frequency: N/A
Block reward: N/A

9. Ethereum Classic (ETC)

Max supply: N/A
Current supply: 97,858,853.0
Hashing algorithm: Ethash
Proof Type: PoW
Start Date: July 23rd, 2016
Difficulty adjustment frequency: Per-block
Block reward: 5

10. NEO (NEO)

Max supply: 100,000,000
Current supply: 100,000,000
Hashing algorithm: N/A
Proof Type: Delegated Byzantine Fault Tolerance (dBFT)
Start Date: October 17th, 2016
Difficulty adjustment frequency: N/A
Block reward: N/A

11. Monero (XMR)

Max supply: N/A
Current supply: ~15,407,875.5
Hashing algorithm: CryptoNight
Proof Type: PoW
Start Date: June 2nd 2016
Difficulty adjustment frequency: 2 blocks
Block reward: 6

12. NEM (XEM)

Max supply: 8,999,999,999
Current supply: 8,999,999,999
Hashing algorithm: N/A
Proof Type: Proof of Importance (PoI)
Start Date: March 31st, 2016
Difficulty adjustment frequency: N/A
Block reward: N/A

13. EOS (EOS)

Max supply: 1,000,000,000
Current supply: 1,000,000,000
Hashing algorithm: DPoS
Proof Type: Delegated Proof of Stake (DPoS)
Start Date: June 26th, 2016
Difficulty adjustment frequency: N/A
Block reward:N/A

14. Cardano (ADA)

Max supply: 45,000000000
Current supply: ~25,927,070,538
Hashing algorithm: Ouroboros
Proof Type: PoS
Start Date: January 28th, 2017
Difficulty adjustment frequency: N/A
Block reward: N/A

15. Qtum (QTUM)

Max supply: 100,000,000
Current supply: 100,000,000
Hashing algorithm: POS 3.0
Proof Type: PoS
Start Date: December 19th, 2016
Difficulty adjustment frequency: N/A
Block reward: N/A

16. OmiseGO (OMG)

Max supply: 140,245,398
Current supply: 140,245,298.2
Hashing algorithm: N/A
Proof Type: PoS
Start Date: June 23rd, 2017
Difficulty adjustment frequency: N/A
Block reward: N/A

17. Zcash (ZEC)

Max supply: 21,000,000
Current supply: ~2,714,456.3
Hashing algorithm: Equihash
Proof Type: PoW
Start Date: October 28th, 2016
Difficulty adjustment frequency: Per-block
Block reward: 10
Blockexplorer: https://zcash.blockexplorer.com

18. Stellar (XLM)

Max supply: 100,804,167,793
Current supply: 17,713,853,990
Hashing algorithm: N/A
Proof Type: N/A
Start Date: July 23rd, 2016
Difficulty adjustment frequency: N/A
Block reward: N/A

19. Lisk (LSK)

Max supply: 159,918,400
Current supply: ~115,352,280
Hashing algorithm: DPoS
Proof Type: PoS
Start Date: May 24th, 2016
Difficulty adjustment frequency: N/A
Block reward: N/A

20. Tether (USDT)

Max supply: N/A
Current supply: 674,967,839.0
Hashing algorithm: N/A
Proof Type: N/A
Start Date: October 6th, 2014
Difficulty adjustment frequency: N/A
Block reward: N/A

21. Waves (WAVES)

Max supply: 100,000,000
Current supply: 100,000,000
Hashing algorithm: Leased POS
Proof Type: Leased Proof of Stake (LPoS)
Start Date: December 6th, 2016
Difficulty adjustment frequency: N/A
Block reward: N/A

22. Stratis (STRAT)

Max supply: N/A
Current supply: ~98,639,001
Hashing algorithm: X13
Proof Type: PoW/PoS
Start Date: August 9th, 2016
Difficulty adjustment frequency: N/A
Block reward: 1

23. Bitshares (BTS)

Max supply: 2,511,952,117
Current supply: 2,511,952,117
Hashing algorithm: SHA-512
Proof Type: PoS
Start Date: May 11th, 2014
Difficulty adjustment frequency: N/A
Block reward: N/A

24. Monacoin (MONA)

Max supply: 105,120,000
Current supply: ~55,627,825
Hashing algorithm: Scrypt
Proof Type: PoW
Start Date: January 1st, 2014
Difficulty adjustment frequency: Digishield
Block reward: 25

25. HShare (HSR)

Max supply: 84,000,000
Current supply: ~42,303,371.2
Hashing algorithm: To be announced (TBA)
Proof Type: PoW/PoS
Start Date: October 2nd, 2016
Difficulty adjustment frequency: N/A (TBA)
Block reward: N/A

 

 

mike novogratz bitcoin price prediction

Hedge fund legend Mike Novogratz predicts that the bitcoin price could “easily” reach $40,000 by the end of 2018, while ethereum is poised to experience a threefold gain during the same timeframe.

“Bitcoin could be at $40,000 at the end of 2018. It easily could,” the former Fortress manager said Monday on CNBC’s “Fast Money,” noting that the asset has significant upside due to its utility as “digital gold”.

Mike Novogratz on Bitcoin

Previously, Novogratz had forecast that bitcoin would reach $10,000 by the end of 2017. Although the global average bitcoin price had not quite broached that threshold at the time of writing, bitcoin had reached the five-figure mark on several South Korean exchanges.

bitcoin price
Source: Coinbase

Bitcoin has increased more than 1,200 percent for the year, and Novogratz believes that rally will continue into 2018 — albeit at a somewhat more conservative pace — on the heels of increased institutional activity within the crypto markets.

“There’s a big wave of money coming, not just here but all around the world,” he said.

Novogratz aims to facilitate that wave through Galaxy Investment Partners, a $500 million crypto asset hedge fund he is launching next year.

He expects that the introduction of these new market participants could help bitcoin “easily” reach $40,000, which would raise its market cap to approximately $670 billion.

But although bitcoin will remain the “crypto king,” Novogratz believes other cryptocurrencies — including ethereum — will catch its tailwinds and experience phenomenal growth as well.

“Ethereum, which I think just touched $500 or is getting close, could be triple where it is as well,” he added, predicting that the second largest cryptocurrency could see a threefold increase from its present level.The ethereum price reached a new all-time high of $493 on Monday and is currently trading at $477 on U.S. exchange Coinbase.

However, he cautioned that although the market’s present upward trajectory will continue, so will its volatility, and he said that he would not be surprised if the markets experience a steep correction in the short-term.

“What’s different about these coins than other commodities … there is no supply response here,” Novogratz said. “So it’s a speculator’s dream in that as buying happens there’s no new supply response that comes up. So every price move gets exaggerated. It’s going to get exaggerated on the way up. There will be 50 percent corrections. It will get exaggerated on the way down.”

Nevertheless, Novogratz believes that the market’s fundamentals will resist these bearish hesitations, enabling the combined value of all cryptocurrencies to rise as high as $2 trillion in 2018 from their present value of $300 billion.

bitcoin trading

The Bitcoin price has increased over 60% in the last 30 days and 20% in the last 7 days, hitting a high of around $9,650 at time of writing, which has pushed Bitcoin’s market cap to over $160 billion dollars. The total cryptocurrency market cap is over $301 billion dollars across all cryptocurrency exchanges. This huge price surge could be coming from many different sources – but financial experts around the world have been increasingly singing Bitcoin and blockchain’s praises as it becomes more legitimized. If bitcoin continues to rise at this rate it will break $10,000 within a few days. Which will more than likely cause another price surge as more people see bitcoin as worthy of a long term investment.

On the flip side, one thing to consider though is whether or not a large number of sells will take place at $10,000 by those who have that as their profit taking number, which would drive the price down. In the long term, whether or not buying power will overcome that is yet to be seen.

Other cryptocurrencies on the rise as well as Bitcoin

Other altcoins seem to be riding on current bitcoin surge, with Ethereum up past its all time high of $414, now at $475, its gains slightly less than bitcoin at 61% in the last 30 days. Bitcoin Cash also seems to have fared well after its jump earlier this month, now sitting at $1,665 at time of writing with a 7 day gain of 42%. December and 2018 look as if they are going to be a very interesting time for the cryptocurrency market, maybe in the green – maybe in the red, but only time will tell.