1 day ago · Ultimately, the cumulative market capitalization of all cryptocurrency assets has lost over $40 billion in a day and $60 billion since Sunday. With BTC’s relatively moderate price decline, while the altcoins are deep in the red, bitcoin’s dominance over the market has surged to over 69%. Dec 09, · 3 Altcoins That Could Outpace Bitcoin in the Coming Years These crypto picks each have strong business plans and are all in high-growth industries By Faisal Humayun Dec 9, , . Nov 29, · The crypto asset bitcoin cash has a market valuation of around $ billion on November 29, As BTC jumps back to the levels gained last week, a few analysts believe that altcoins will catch.
Btc market altcoinsMarket Watch: The Altcoins Christmas Bloodbath – $40 Billion Evaporated | Bitcoin Insider
Right now, it looks undervalued at current levels. The cloud computing market is already big and is growing at a healthy pace. These names are all part of the centralized network of cloud service providers. This is where Filecoin becomes interesting as an investment. The company is among the few decentralized cloud service providers in the world.
The coin, FIL, is a relatively new listing on exchanges and I believe that the altcoin has potential to deliver robust long-term returns. As of today, the global community of Filecoin miners has dedicated 1 exbibyte EiB of decentralized storage capacity to the Filecoin network.
In the altcoin world, there are thousands of names to choose from. So, it makes the most sense to invest in coins that are backed by a strong business plan. From that perspective, Filecoin is one of the better crypto picks. Last on my list of cryptocurrencies is Vidt, another interesting name to consider out of all the altcoins. As a business overview, Vidt Datalink protects digital data of organizations against fraud and manipulation.
However, at over 70 cents, the crypto is still attractive from a long-term perspective. Limited supply can push the coin price higher as strong business developments continue. That blue-chip client base is an indication of its service quality. Overall, I think this crypto has the potential to deliver multifold returns even after its big rally in the last one year.
As the client base swells, this name will likely trend higher. Faisa l has authored over 1, stock specific articles with focus on the technology, energy and commodities sector. Log in. Log out. About Us Our Analysts. I'm Tony Spilotro. I pride myself on the fact my content is research-driven, educational, and entertaining, offering the crypto audience an unmatched value. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.
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