Friday, December 8, 2017

Hidden amid the meteoric rise of Bitcoin over the past week is a little known crypto that is now the 4th largest in market cap

Most people who deal in the cryptocurrency sphere have heard of Bitcoin, Bitcoin Cash, Litecoin, Ethereum, Dash, and Ripple, but how many times have you heard investors talk about a cryptocurrency called IOTA?  Well perhaps they should begin to because in the midst of Bitcoin's historic rise from $11,000 to $19,000 in the course of just a few days, IOTA rose even greater in multiples to now become the 4th largest cryptocurrency in market cap size.

One of the most extravagant predictions sees bitcoin at $1 million within three years. But that's a story for another time. 
Bitcoin, undoubtedly the most talked about asset class today, has spurted over 1,500 per cent on a year-date-basis so far and over 115 per cent in the past one month.
But a little known cryptocurrency has put to shame the meteoric rise in bitcoin. 
With a rally of astounding nearly 1,000 per cent in the past one month alone, IOTA is now the fourth biggest crytocurrency in terms of market capitalisation after bitcoin, ethereum and bitcoin cash. 
Prices of IOTA surged 980 per cent to $4.14 on December 7, 2017 from $0.38 on November 7. The e-currency has surged over 180 per cent in December so far. – Economic Times of India


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