The $600 Million Altcoin Bubble
How many of these altcoins will eventually go to zero? When visiting Coin Market Cap, you can get a clear picture of the current cryptocurrency market. Bitcoin is still the clear frontrunner in this new industry, but there are now more than 100 cryptocurrencies listed on the website for cryptocurrency market capitalizations. It's no secret that I don't see a bright future for most of the altcoins currently on the market, although there are a few coins that actually do bring something new to the table. As I lookover most of the altcoins listed on coinmarketcap.com, I can't help but feel....
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Has the Bitcoin Value bubble burst? Looking at the most recent prices, we seem readier for a gentle nosedive than a new rollercoaster ride to the top. Many altcoins are heading down too: Litecoin, Peercoin and your beloved Dogecoin are all in a steady slide to the drain of the cryptocurrency world. But looking at the charts below, many would argue that Bitcoin is up for a new rise to 10,000 USD. This recent bubble wasn't the first bubble, and it won't be the last for Bitcoin. Bitcoin price in USD from begin 2013 to June 2014. You see that tiny top in April 2013? That was a bubble just like....