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Temporary instability has reached Monero (XMR) - the 9th cryptocurrency based on market capitalization. Last weekend, the head of the Epic Games, the gaming company said that on January 5 they accidentally began to accept privacy-oriented altcoin.
Ethereum is soaring prior to the turn of the year thereby leading to a buoyant Crypto market. Why is Ethereum price soaring?
The past 2018 year was quite difficult for the investors in the cryptocurrency market. Bitcoin and other virtual cryptos have lost more than 80% of their price and others have completely vanished. Some ICO projects suffered as well; certain companies had to fire part of their employees, cut production or eliminate entire firm.
Since its invention, the blockchain technology was implemented in different business and social areas such as telecommunications finance and energy services. Of all the advantages of using blockchain for business, experts emphasize its transparency and trust. However, several factors have taken hold of the adoption of this technology. Will the situation change in 2019?
A recent study conducted by a New York-based international newspaper showed that hundreds of cryptocurrency projects' whitepapers had signs of fraudulent activity, promises of incredible income, and plagiarism.
On Wednesday, the Dow Jones Industrial Average ( DJI), noting its worst Christmas Eve in history, suddenly began to rise. According to the financial analysts, Dow noted its greatest gain in history. Shares began the session on a positive note the day after Christmas, returned to growth at noon, and then took off before closing.
The latest market reports refer to that there will be a total of 18.4 million Monero’s XMR coins in circulation by May 31, 2022.
In his recent interview with the U.S. media outlet, Wei Zhou the CFO of Binance a major cryptocurrency exchange shared his thoughts about the last events that took place in the crypto market during the 2018 year.
Although the speculative cryptocurrency market calmed down due to the pressure from the governmental financial regulators, investments in blockchain-based startups continue to grow. During 2018 over 4 billion dollars were invested in such projects. According to the crypto market analysts, instead of going through the initial coin offerings (ICO), more venture capital is now turning to the blockchain startups as the new form of investment.
With any tech, any industry, any product - there are fluctuations. Whether they’re positive or negative, every market has them. And of course, this can be said for the world of crypto in 2018.