Bitcoin price continue to rise
Bitcoin price is continuously rising and it seems it won’t stop either. KryptoMoney.com recently posted an article about Bitcoin prices making a new all-time high at $1463. This level is already being smashed by Bitcoin and has made a new all time high at $1740
On Indian Bitcoin exchanges such as Unocoin and Zebpay, Bitcoin prices rosed to INR 1,20,000 on 9 May 2017. This level was achieved for the first time on Indian Bitcoin exchanges. But it could not stabilize at those levels and quickly fell, perhaps because of profit-bookings. It came down drastically and is at INR 1,08,922 and $1692 at the time of publishing this article.
Sandeep Goenka, COO of the Indian Bitcoin exchange ,Zebpays predicts Bitcoin price will not stop here and will be in the range of $2500-$3500 by the end of 2017.
“Current bitcoin rally is due to increasing awareness and demand for bitcoins globally. Positive news of regulation in major countries like China, Japan and Russia have added fuel to the current rally,” says Sandeep Goenka, co-founder of Zebpay.
“Since the supply is limited and demand is increasing, prices are moving upwards and touching all time highs almost every year. Bitcoins represent a new investment category called digital assets. This industry is exploding in usage and innovation. We believe this is just the beginning,” he says.
Not only Bitcoins , but also other Altcoins are also witnessing continuous increase in price level. Ethereum prices are soaring and shocked the whole world when it made a new all time high at $90. It is predicted to cross $100 mark.
A major rally was also witnessed in Litecoin when it’s prices doubled from $15 to $30 in a period a week. Litecoin was priced at $15 on 30 April 2017 and $30 on 7 May 2017.
(Also Read: Top 10 Crypto Currencies as on 7 May 2017)
Ripple surprised the whole world when it became the second most valuable crypto currency as per market capitalizations . Ripple overtook Ethereum to be second most valuable crypto currency after Bitcoin. This major breakthrough was witnessed in the starting of the week.
Monero,Dash,NEM are also sitting on the surging price roller coster.
Get latest updates on Crypto Currencies and Blockchain Technology on KryptoMoney.com Subscribe to our newsletters to never miss a story.