There is a lot going on around the topic of Bitcoin as 2018 is approaching. The massive surge of Bitcoin this year proved many analysts wrong. However, we should all learn more about cryptocurrencies instead on focusing on Bitcoin only.
A little known cryptocurrency is the perfect example why that’s the case. Its rise of 1000% in the past month alone, it is the fourth biggest cryptocurrency in terms of market capitalization after Bitcoin, Ethereum and Bitcoin Cash.
The prices of IOTA have surged more than 1000%, to $4.94 currently coming from $0.38 on November 7th. The e-currency had a rise of over 180% in December so far – and experts say that this rise may easily double by New Year.
If you haven’t heard about it, IOTA is a distributed ledger for the Internet of Things, which deals with micro transactions without fees and secure data transfer. Their partnership with Microsoft is probably the main reason for the surge over the past month. Founded in 2015 by David Sonstebo, Sergey Ivanchegio, Dominik Schiener and Serguei Popov, IOTA’s mission is to lead cryptocurrencies to a more secure future.
So, the best way to see IOTA is as one of the leading cryptocurrencies when it comes to growth – and a virtual currency that puts Bitcoin’s growth in the shadow at the end of the year. Most importantly, IOTA has proven that not only Bitcoin is rising fast and that everyone should consider investing in cryptocurrencies.
So, why not invest in it and expect an even bigger rise?
Huobi Crypto Exchange Adds Three Trading Pairs For XRP In The USA
XRP Price Jumps By 3% But The Upside Actions Seems Weak
OKCoin Exchange Invests In Crypto Custody Provider Prime Trust
“We make money just as Robinhood, Northern Trust and other traditional custodians do. The costs of custody are offset by other services," Purcell explained.This is definitely something that stirred up the market from a positive viewpoint, allowing traders to speculate on the potential novelties that the partnership could bring.
Coinbase Expands Its Crypto Offering To 11 More Countries
“This could take the form of decentralized versions of traditional financial services like lending or micropayments or truly novel crypto applications that no one has even thought of yet. The ability to convert from one crypto to another will form the backbone of this new decentralized economy.”Meanwhile, the news that Coinbase expands allow customers in the aforementioned countries to store, trade, send and receive cryptocurrencies. As the latest cryptocurrency news show, the exchange also suggested that cryptocurrencies are moving from the current "investment phase" into the "utility phase" following a number of new use cases. Recently, the company introduced a lot of new developments, one of which was featured in the altcoin news section. It was the added support for EOS (EOS), Maker (MKR) and Augur (REP) which went viral and expanded into cross-border payments. The latter development reportedly enables users to send as well as receive money instantly and convert them into local currency. As part of the news that Coinbase expands, the report concluded:
"Realizing our mission of creating an open financial system for the world starts with making it as easy as possible to access crypto. With today’s announcement, we’re happy to take an important step in that direction."Earlier in April this year, Coinbase also launched the Coinbase Card in a partnership with Visa, enabling its United Kingdom-based customers to pay in-store and online using cryptocurrencies. As a result, the new service will allow Coinbase to instantly convert the customers' cryptocurrency funds into fiat currency in order to complete each purchase. This is definitely a lot of news coverage showing that Coinbase expands in different directions and is on a mission to offer various trading options globally.
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