- Borislav Ivanov
Cryptocurrencies – our daily report (10.26.2021)
Bitcoin is the world’s first decentralized digital currency. It operates without a central bank or a single administrator, thus it is a direct peer-to-peer system, which doesn’t need intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger, called a blockchain. The currency, which began use in 2009, was created by Satoshi Nakamoto. It is the most valuable and most well-known cryptocurrency so far, still retaining a lot of growth potential.
During the past 24 hours, Bitcoin has experienced significant growth, after which came a slow fall in prices. It had jumped to over $63 600, while now it comfortably sits at $62 300.
Price at its lowest this year: $30 191 | €26 068
Price at its highest this year: $66 974 | €57 476
Current price: $62 363 | €53 735
Although it isn’t the second oldest cryptocurrency, with Litecoin, Namecoin, and Switfcoin all created prior to the creation of Ethereum, it is the second most-valuable cryptocurrency in terms of price and market capitalization. It was initially conceived by Vitalik Buterin in 2013, and in 2015 it went live. It is estimated that this cryptocurrency might skyrocket to as much as $12 000 by the end of the year. However, when speculating about cryptocurrencies, we should always expect the completely unexpectable.
The price of Ethereum has increased since yesterday, although it is currently experiencing a gradual fall. It had reached 24-hour maximum of $4 250, while currently it is valued at $4 188.
Price at its lowest this year: $733 | €632
Price at its highest this year: $4 379 | €3 757
Current price: $4 188 | €3 608
The Australian parody cryptocurrency has been relatively stable during the past couple of months. Unlike other cryptocurrencies, there isn’t the tendency for a sharp increase in price for Dogecoin. The investment potential of Dogecoin is great, as more and more websites and businesses allow transactions, using the currency.
The price of Dogecoin has decreased slightly since our last article, and its current growth percentage is -1.92%.
Price at its lowest this year: $0.005173 | €0.0045
Price at its highest this year: $0.740 | €0.64
Current price: $0.26 | €0.22
Ripple has been relatively stable throughout the second half of 2021. There is a decent chance that prices will reach an all-time-high in the near future, although for the past couple of months the value has stayed roughly the same. It is a decently stable investment, but you should never invest too much in any cryptocurrency.
The price of Ripple has experienced sustained, but minimal growth during the past day-night cycle.
Price at its lowest this year: $0.238 | €0.21
Price at its highest this year: $1.81 | €1.56
Current price: $1.12 | €0.97
Cardano aims to directly compete with Ethereum and other similar decentralized platforms as a more secure, scalable, and efficient alternative. Since the beginning of the year, this currency has more than doubled in price. In recent months it has also remained quite stable. This also makes it lower-risk, relatively stable investment.
During the past 24 hours, the price of Cardano also hasn’t changed much.
Price at its lowest this year: $1.06 | €0.92
Price at its highest this year: $3.10 | €2.66
Current price: $2.18 | €1.86
One of the more recently popular cryptocurrencies, Polkadot claims to be one of the more environmentally friendly currencies of its kind. After a steep fall in price in May, Polkadot has recovered from its pitfall, gradually increasing to an almost all-time-high. It seems that this cryptocurrency is also going to be on the rise in the foreseeable future.
Polkadot’s value experienced a sudden jump yesterday, reaching almost $45. Since then, it has experienced a sustained devaluation, reaching $43.84, which is only slightly higher than yesterday.
Price at its lowest this year: $10.80 | €9.33
Price at its highest this year: $46.85 | €40.46
Current price: $43.84 | €37.78
Stellar has remained very stable for years, although it used to be low in price. This May, however, this cryptocurrency reached its all-time-high, after which it suffered a steep fall, similar to many other cryptocurrencies. The current trend for Stellar is a gradual increase, which could also lead to a new all-time-high for this currency.
The value of Stellar has experienced a jump in value during the past 24 hours.
Price at its lowest this year: $0.132 | €0.11
Price at its highest this year: $0.735 | €0.63
Current price: $0.384 | €0.33
Another cryptocurrency, which has experienced major growth since last year is Chainlink. From October to 2020 to October 2021, the price of this cryptocurrency has nearly tripled. It has a great potential of growth and investors should carefully observe its growth tendencies.
The price of Chainlink has experienced a significant increase since our last article, after which it has retained stability.
Price at its lowest this year: $11.25 | €9.66
Price at its highest this year: $52.98 | €45.49
Current price: $30.22 | €27.62