{"id":1821,"date":"2017-01-03T14:43:16","date_gmt":"2017-01-03T14:43:16","guid":{"rendered":"https:\/\/blog.holytransaction.com\/?p=1821"},"modified":"2020-11-09T05:34:03","modified_gmt":"2020-11-09T03:34:03","slug":"cryptocurrencies-2016-charts","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2017\/01\/cryptocurrencies-2016-charts.html","title":{"rendered":"Cryptocurrencies 2016: Bitcoin Alternative charts"},"content":{"rendered":"

Today we want to talk about Cryptocurrencies 2016, as the just ended year has been very exciting for several digital currencies and not only for Bitcoin.<\/p>\n

A lot of major open-source currencies, in fact, showed a good growth during 2016 and we hope to see significant expansion in 2017.<\/p>\n

Below you’ll read charts of the excited cryptocurrencies 2016, during a\u00a0period between December 27, 2015 to December 26, 2016.<\/p>\n

Source: Coindesk.com<\/a><\/p>\n

Bitcoin<\/h2>\n

Market Capitalization (Beginning of Year):<\/strong> $6,161,215,794
\nMarket Capitalization (End of Year):<\/strong> $14,590,356,108
\nPrice (Beginning of Year):<\/strong> $411.99
\nPrice (End of Year):<\/strong> $908.17
\nPrice (Annual High):<\/strong> $909.94<\/p>\n

For sure Bitcoin is the king of cryptocurrencies 2016, if we talk about value.<\/p>\n

It is the oldest blockchain-based asset as today (January 3rd) it celebrates its 8th anniversary: the genesis block was generated on January 3rd 2009.<\/p>\n

While I’m writing of this article, Bitcoin price is still growing, surpassing the value of $1,000 for 1 BTC.<\/p>\n

Bitcoin price and trading volume were supported by several global circumstances,\u00a0including the Chinese yuan devaluation, the UK’s Brexit<\/a>,\u00a0and the election of a Donald Trump<\/a>.<\/p>\n

 <\/p>\n

 <\/p>\n

Ethereum<\/h2>\n

Market Capitalization (Beginning of Year):<\/strong> $80,339,474
\nMarket Capitalization (End of Year):<\/strong> $638,041,577
\nPrice (Beginning of Year):<\/strong> $2.83
\nPrice (End of Year):<\/strong> $7.31
\nPrice (Annual High):<\/strong> $19.59<\/p>\n

2016 saw Ether, or \u00a0the digital currencies that powers the Ethereum blockchain<\/a> \u2013 become the best-performing currencies, with a more than\u00a02,000% increase<\/strong> over the first six months of 2016.<\/p>\n

The major reason for its instability was the DAO hack, the subsequent failure of the decentralized project, and the creation of ethereum classic. These factors led to a fall of nearly 50%\u00a0of this altcoin value.<\/p>\n

 <\/p>\n

Anyway, Ethereum is the favorite network for possible FinTech permissioned distributed ledgers, enterprise software and Internet of Things applications, so 2017 could will probably show a capitalization increase for ether.<\/p>\n

Litecoin<\/h2>\n

Market Capitalization (Beginning of Year):<\/strong> $149,142,004
\nMarket Capitalization (End of Year):<\/strong> $212,469,870
\nPrice (Beginning of Year):<\/strong> $3.41
\nPrice (End of Year):<\/strong> $4.34
\nPrice (Annual High):<\/strong> $5.55<\/p>\n

One of the oldest bitcoin alternative, litecoin showed a stable valuation during 2016, closing $2\u00a0above its starting price for\u00a0the year.<\/p>\n

Dash<\/h2>\n

Market Capitalization (Beginning of Year):<\/b> $16,081.586
\nMarket Capitalization (End of Year):<\/b> $70,675,107
\nPrice (Beginning of Year):<\/b> $2.64
\nPrice (End of Year):<\/b> $9.67
\nPrice (Annual High):<\/b> $14.42<\/p>\n

In 2015,\u00a0darkcoin decided to end its association with shadow businesses and the DarkNet by changing its name to Dash.<\/p>\n

 <\/p>\n

This re-branding seemed to work and Dash ended 2016 with pricing nearly three times, and a market capitalization close to four times.<\/p>\n

Cryptocurrencies 2016 and their future<\/h2>\n

As we enter\u00a02017, the future for cryptocurrencies seems bright, as\u00a0the digital currency market will continue to progress and prove its worth as one of the top-performing commodities available today.<\/p>\n

We at HolyTransaction are very happy to work with this top-rated cryptocurrencies<\/strong>, as our wallet can store Litecoin, Dash, Ethereum and Bitcoin<\/strong> within a unique login.<\/p>\n

Needless to say, we are proud to have chosen the best and the most profitable cryptocurrencies<\/strong> for our multicurrency wallet you can open here for free.<\/strong><\/a><\/p>\n

 <\/p>\n

Open your free digital wallet here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n","protected":false},"excerpt":{"rendered":"

Today we want to talk about Cryptocurrencies 2016, as the just ended year has been very exciting for several digital currencies and not only for Bitcoin. A lot of major open-source currencies, in fact, showed a good growth during 2016 and we hope to see significant expansion in 2017. Below you’ll read charts of the […]<\/p>\n","protected":false},"author":2,"featured_media":1817,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,76,83,191,468],"tags":[764,793,839,870,889,944,968,1065,1073,1173],"yoast_head":"\nCryptocurrencies 2016: Bitcoin Alternative charts -<\/title>\n<meta name=\"description\" content=\"Read here a recap of the most important cryptocurrencies 2016 with charts and market capitalization of the top Bitcoin alternatives.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/holytransaction.com\/blog\/2017\/01\/cryptocurrencies-2016-charts.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cryptocurrencies 2016: Bitcoin Alternative charts\" \/>\n<meta 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