Bitcoin Cash Price Leaps 19% While Other Large-Cap Cryptos Flounder
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The bitcoin Cash Price leaped by 19 percent on Monday, headlining a tepid market advance which saw most large-cap cryptocurrencies struggle to tread water.
Source: coinmarketcap
After beginning the day at $389.6 billion, the made a $10 billion advance, briefly crossing the $400 billion threshold before dipping back down to $399.3 billion at the time of writing. This represents a single-day increase of 2.5 percent.
The appeared poised to reclaim the $9,000 mantle, and it flirted with this checkpoint throughout the weekend. However, the flagship cryptocurrency failed to assemble sustained support at this level and has settled down to a present value of $8,903 on Bitfinex.
bitcoin now has a $151.4 billion market cap, which represents a 24-hour decline of one-quarter-of-one-present and translates into a 37.9 percent share of the total market index.
Ethereum Price Posts Minor Gain
The managed to return a slightly better single-day performance, rising two percent to $636 on Bitfinex. Ethereum has a $63.1 billion market cap, as well as a 15.8 percent share of the total cryptocurrency market cap.
Ethereum price chart
bitcoin Cash Price Leaves other Large-caps in the Dust
Most top-tier altcoins returned single-day performances that largely tracked with those of bitcoin and Ethereum, though there was one notable exception: bitcoin Cash.
The bitcoin Cash price exploded by 19 percent on Monday, punctuating a weeklong surge that has seen BCH soar by 83 percent against the dollar. bitcoin Cash is now trading at $1,394, which translates into a $23.9 billion market cap.
It’s unclear precisely what is fueling bitcoin Cash’s impressive rally, but it has brought the fourth-largest cryptocurrency within $10.4 billion of third-ranked Ripple, whose price declined two percent for the day and is currently valued at $0.87.
Altcoin price chart
Fifth-ranked EOS declined by one percent to $11.58 but managed to retain its edge on Litecoin, whose price rose by nearly one percent to $151.
Cardano and Stellar each declined by approximately two percent and are now trading at $0.28 and $0.37, respectively.
Next to bitcoin Cash, IOTA posted the top-tier’s most impressive return, rising five percent to $2.16.
NEO rounded out the top 10 with a one percent increase to $77, which allowed the cryptocurrency’s market cap to inch across the $5 billion threshold, marking the first time in quite awhile that every top 10-cryptocurrency has held a circulating market cap above this level.
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Global e-commerce revenues rise at around 20% annually and the pace should continue this way for at least several years to come. This year the numbers should exceed $3 trillion level when we combine all worldwide sales expectations.
Now if we look at currently absolutely astonishing increase in capitalization of cryptocurrencies, there are a few assumptions to be made. Since 2017, bitcoin alone rose over 1400% in value it gets very tempting and obvious that more and more retail consumers going to switch to cryptocurrencies. Most of them will maintain the focus on the growth of their capital. However, a very common practice is to spend a little bit of gain on small retail purchases and the trend has only started to appear.
E-commerce continues to skyrocket
Online purchases in most cases compile to around 10% of all global retail sales. The number is also growing every year and the future is clear – the e-commerce will eventually dominate the market. While according to Statista, over 19% of all sales were online based in China it only adds up to around 6,7% in Japan. The numbers are projected to increase at least 15% every year.
Switching back to cryptocurrencies, it is important to note that only a tiny fraction of e-commerce companies offer payments in bitcoin, Ethereum or any other altcoin. The overall industry of online crypto payments is far away from exceeding 1% of all transactions.
Bitcoinus is an online crypto processing company targeting this – once in a lifetime – market opportunity to expand at an incredible pace.
“Media attention to blockchain based products and specifically cryptocurrencies like bitcoin is overwhelming. The reality, on the other hand, is that the real revolution and the switch to this form of financial freedom is yet to happen. We started Bitcoinus to help people and businesses to maximize their gains by utilizing blockchain technology. It is now or never and between the two, we chose NOW.” – Says Tomas Mickauskas, the founder of Bitcoinus.
Crypto Payments in Every E-Shop
The main idea beyond Bitcoinus is to make all types of cryptocurrencies available to retail customers wishing to buy any item online with their bank cards. Beyond the complex process of transaction lies the simplicity of two click payment. An individual will no longer need to go through a long and exhausting process of buying cryptos, storing them safely and then sometimes losing in cases of unfortunate events or scams.
Bitcoinus will introduce the merchant reputation system where all of the online businesses will be rated according to their performance levels and transparency. Ensuring commercial trust between the two parties is the key when we speak about the immediate adoption of the technology.
Another reason why Bitcoinus will make its way to dominating the industry is its relatively low cost to any of the existing competitors. 0.5% transaction cost is what the standard package of Bicoinus payment processing will be. In comparison to any credit card processing gateway companies, the commission sometimes only adds to as little as 10% of the regular pricing. Getting 90% discount for the service clearly brings strong opportunities for cost optimization and lower prices to the end retail clients.
Financial ICOs Bring Overwhelming Returns
2017 was a year of many successful ICOs and impressive capital gains. The infrastructure of blockchain based technology for retail user is only on its way and many of the ICOs were suggesting their outlook on many industries.
When it comes to financing, there was no shortage of great success stories, some of which are worth mentioning to make a point of where the market is headed. Tezos ICO attracted over $232 million and the return on their token has already brought over 1100% rate to the contributors. The example is impressive and shows how much the community is into new promising blockchain projects.
Tezos is not alone with this level of short-term return to its supporters. Another great example could be Status which generated an even higher rate of around 1500% returns.
When we speak about financial companies, one of the most shining stars will have to be TenX. The ICO campaign claimed to simplify the everyday use of cryptocurrencies. They succeeded to attract a lot of international attention with the service and their new approach to crypto. The returns to this day amount to roughly 550%.
“Bitcoinus will deliver the much-needed infrastructure for all global online-based businesses and retail clients. Having in mind the fact that there is no industry leader as we speak it will certainly be interesting to get involved in the formation of this new market segment. We are ready to dedicate all our resources to make it to the top and I am sure we will. The need for the quality cryptocurrency processing will continue to increase at an overwhelming pace. Everyone, business or individual, will look to find the best way to pay or get paid in crypto. Bitcoinus will be exactly what they will be looking for.”– says Povilas Ruzgaila, the head of business development of Bitcoinus.
Bitcoinus ICO
The ICO of Bitcoinus will commence on 22nd of January. All contributors will be able to get generous 47% discount on BIU tokens. Some of the best examples of future benefits are free transactions to B2B clients who will be interested in adopting the cryptocurrencies as their additional new payment method.
All individuals who will support the Bitcoinus project will also be able to get a variety of discounts while shopping at Bitcoinus retail partners’ online platforms and e-shops. BIU tokens will be traded in all major exchanges to provide the liquidity, therefore, it will create all conditions for the token to be accepted as a payment method to all Bitcoinus partners.
Bitcoinus ICO presale will offer 8M tokens 47% off the regular price, starts on 22nd of January.
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“Media attention to blockchain based products and specifically cryptocurrencies like 