Cryptocurrency Prices Today, November 16: Cryptocurrencies Continue Falling after the Collapse

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the Coin360 online platform, Bitcoin (BTC) lost 0.87% over the past 24 hours. The price at the time of writing is $5575 per coin.

Some cryptocurrencies keep declining, others are trying to return to the green zone:

Bitcoin Cash lost 5.51% over the past 24 hours and costs $418 per coin;

Ripple added 2.55% and costs $0.47;

EOS gained  0.28%, and its price is $4.56;

Litecoin grew by 0.46%, and its rate is $43;

Cardano lost 0.50%, and its value is $0.061;

Stellar increased by 4.68% and costs $0.24;

IOTA added 0.81%, and its price is $0.41;

Dash lost 1.03% and is $138 in value;

Monero dropped by 0.62%, and its rate is $88.

Ethereum fell by 0.35% over the past day. The cost of the coin is $177.

The total market capitalization dropped significantly to $182 billion. Bitcoin accounts for 52.8% of the total amount. In monetary terms, the volume dropped to $96 billion.

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Kaspersky Lab’s Report: Cryptojacking Crimes Have Increased By 400% in 2018

Kaspersky Lab has published report that about 13 million cryptojacking crimes have been committed in 2018. This number is quite impressive, however, if we look at it from the annual statistics point of view, we can see that the amount of cases are up by 400% this year alone.

Cryptojacking is a term to describe malicious activity when a culprit generates cryptocurrency (transfer funds) without the owner’s knowledge using a compromised device. This kind of crypto crime is highly popular in the financial world.

The most common jacked cryptocurrency by cryptojackers is Monero (XMR). The virus or malware enters a user’s PC, usually it happens when the later watches online ads or solves captcha. Then the script creates chaos on a PC’s CPU power making the system run slowly.

Our editorship urges you to be careful in order not to fall into the hands of criminals. We want to remind you:

Kaspersky Detected a Crypto Exchange Hacker Attack Coming from North Korea

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The Schoolboy Bitcoin Millionaire Believes that Bitcoin Is Pretty Much Dead

As it has been reported by the Marketwatch, Erik Finman, a teenager who became a millionaire back in the times when Bitcoin cost 20 thousand dollars, gave a very negative outlook for BTC in the future.

Bitcoin is dead, it’s too fragmented, there’s tons of infighting I just don’t think it will last. It may have a bull market or two left in it, but long-term, its dead,” said Finman.

As for Litecoin, here the teenager is sure that this coin “has been dead for a while”. He also mentioned those coins that, in his opinion, still have a chance at the market, such as Ethereum, ZCash and, surprisingly, Bitcoin Cash.

Although Eric is still very young and not that experienced, the fact that he owned 4 million dollars in BTC in 2011 make his predictions quite reasonable.

We remind you:

How Is a Schoolboy Millionaire Doing: A Story About the Youngest Bitcoin Richer

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Cryptocurrency Prices Today, December 18: BTC and the Rest of Cryptocurrencies Are in the Green Zone

crypto prices

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) added 5.7% in the past 24 hours. The price at the time of writing is $3453 per coin.

The remaining cryptocurrencies are also in the green zone:

Bitcoin Cash added 6.69% over the past 24 hours and costs $86 per coin;

Ripple grew by 13.39% and costs $0.33;

EOS increased by 21.76%, and its price is $2.45;

Litecoin gained 4.28%, and its cost is $28;

Cardano added 9.69%, and its value is $0.031;

Stellar became more expensive by 10.69% and costs $0.10;

IOTA grew by 11.83%, and its cost is $0.24;

Dash gained 8.82%, and its price is $69;

Monero added 6.58% and costs $43.

Over the past 24 hours, Ethereum added 7.80%. The coin rate is $93, according to Coin 360.

The total market capitalization is $112 billion. Bitcoin accounts for 54.4% of the total volume. In monetary terms, it is $60 billion.

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The Price of Ethereum Has Outrun the Price of Bitcoin Cash

The exchange rate of Ethereum has for the first time in the history risen higher than than of the ill-fated Bitcoin Cash. According to the CoinMarketCap the value of Ethereum is almost $86, whereas the cost of BCH dropped to around $82.

The price of Bitcoin Cash has been plummeting down since the infamous hard fork. After the coin split, its exchange rate dropped to around $200 and kept falling. Soon it left the double-digit price range. The hard fork, the hash wars and the overall downward trend of the crypto market has left a large negative impact on this cryptocurrency.

We remind you:

The Future of Ethereum: Will the ETH Rate Recover in the Next Year?

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Cryptocurrency Prices Today, December 17: Cryptocurrencies Are Trying to Recover in Price

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA, Dash, Monero: Cryptocurrency prices

According to the online platform Coingecko, Bitcoin (BTC) added 0.8% over the past 24 hours. The price at the time of writing is $3266 per coin.

The rest of cryptocurrencies tend to fix in the green zone:

Bitcoin Cash added 1.98% over the past 24 hours and costs $81 per coin;

Ripple lost 0.03% and is $0.29 in value;

EOS grew by 2.62%, and its price is $2.01;

Litecoin increased by 6.03%, and its cost is $27;

Cardano added 1.47%, and its rate is $0.029;

Stellar grew by 0.10% and costs $0.097;

IOTA dropped by 1.05%, and its cost is $0.24;

Dash lost 1.32%, and its price is $64;

Monero became more expensive by 1.21% and costs $41.

Over the past 24 hours, Ethereum added 0.49%. The coin rate is $87, according to Coin 360.

The total market capitalization of $104 billion. The share of Bitcoin is 54.8% of the total volume. In monetary terms, this is $57 billion.

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Money Evolution: From Appearance to Cryptocurrency

The money is the most genius invention of mankind. During its long history, it has repeatedly changed its conceptual design. And each stage was accompanied by a qualitative leap in the development of human civilization. In this article we will talk in detail about money, its history and future prospects.

1. The main functions of money

The Money is fairly universal tool with the help of which you can perform many tasks.

  • Circulation tool. In turnover, money is a mediator. In order to effectively perform this function, money should be easy to deal with, and its transfer from one person to another should be fulfilled as soon as possible.
  • Payment tool. Each product has its own price, money allows to simplify the process of exchange of goods and services significantly.
  • Accumulation tool. Some of the unused funds can be accumulated for the future, but it is very important to diversify risks and not to keep money in one currency, because, in terms of inflation, its purchasing power in future may significantly decrease.

2. The origin of money and its evolution

The money origin is rooted to the times of primitive people. The development of money can be divided into several stages.

  • The first money. The money did not exist as such in human civilization at an early stage of its formation, at that time primitive people had barter. The first elementary monetary funds began to appear at the time of the division of labor. Different tribes used the various goods which were available to them  as the money. For example, cocoa beans in Mexico, animal skins in Siberia, pearls in South America were used as currency, etc. Salt was another valuable resource.
  • Metal money. With the development of civilization, money acquires a metallic form. In the VII century B.C. the first coinage appeared. This format of monetary funds becomes very popular all over the world. The primary materials of which were gold, silver, copper and bronze. This type of money significantly increased the sales turnover between people and brought human civilization to a fundamentally new level. During this period begins the accumulation of large capitals.
  • Paper money. In 910 A.D, in China, the first paper money appeared. The appearance of banks marked the beginning of a new era of market relations. Banks have become major custodians of values. People handed them their money, and received paper certificates in return. This format have become so popular that over the time these certificates began to be considered as money, which we can observe nowadays.
  • Electronic money. A year of 1991 becomes a critical point in history, this is the year when the Internet begins to function. Banks actively pick up this technology and begin to use it after a couple of years. Digital money is much faster and more secure than paper analogues. They are still the most common type of monetary funds.
  • Bank cards. The world’s first plastic card was issued back in 1950, it was  used in order to pay for dinner in certain restaurants. And only in two years after that, the first bank credit card was issued  in the USA.
  • Digital coins. The history of cryptocurrencies begins in the end of 2008, it was the first time when people heard the word Bitcoin. The main feature of cryptocurrency is the lack of a single center that controls emissions and acts as an intermediary in the course of transactions, digital coins also can be mined, i.e., engaged in mining.

3. Prospects of cryptocurrencies

Some experts predict a total collapse of cryptocurrencies, other experts predict the world recognition and almost the transfer of all the wealth of mankind into blockchain. What does really awaits the cryptocurrency industry in the future? In fact, there is not a single person who will be able to predict its further development by 100%. We can only assume certain scenarios based on certain facts.

  • It should be noted that a very technological and a universal technology such as  blockchain lies at the roots of cryptocurrencies. Potentially, it can be used in almost any field of activity.
  • Cryptocurrencies have altered the very essence of the money: no one controls them, they can not be banned or blocked.
  • Even against the background of the deep correction of 2018, large companies, funds and private investors are beginning to be interested in cryptocurrencies.
  • The governments of the largest countries are developing a legal framework for the market. This will allow to promote cryptocurrencies  massively.

Along with that, the mass media is overloaded by bad news which is one of the reasons for the protracted correction. If you look at the cryptocurrency chart in longer term, you can clearly see the liquidity of cryptocurrency assets (20x growth), even taking into account their rollback from peak values by 70-90%.

Source: CoinMarketCap

4. Conclusion

Money is the greatest invention of mankind, they became the catalyst of the progress of human civilization. We are witnessing the formation of a new type of money such as digital coins. Only time will tell whether cryptocurrencies will be able to take a palm of victory and push out paper and electronic money. But it is worth noting that in the long run they have all the chances to do that.

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