Bitcoin Is Topping All Of Its Competitors
Article from CNBC by Arjun Kharpal.
Bitcoin was the top performing cryptocurrency in the last three months, despite the mega-rally earlier this year in so-called alternative coins, or altcoins.
Out of the top five cryptcurrencies by market capitalization, bitcoin reigned supreme in the third quarter. The digital currency was up 74 percent. Bitcoin cash, the digital currency created after bitcoin split, was not included as it was not trading for the entire quarter.
In contrast other altcoins were not as successful. Here’s their third quarter performance in order of market capitalization, according to Coinmarketcap.com data:
- Ethereum went from $282.32 to $302.04, rising just over 8 percent
- Ripple fell from $0.26 to $0.19, declining 26.9 percent
- Litecoin rose from $40.4 to $55.1, rallying 36.5 percent.
Read the entire article at CNBC.
Image Credit: By Web-dev-chris (Own work) [CC0], via Wikimedia Commons