Bitcoin will be bitcoin. Make no mistake about it. It's volatility is part of it's excitement among traders and how profit is made by day traders and retailers while the over all price over time has increased for those going long.
In the last week we've seen bitcoin as high as $1300 and as low as $950. Now sitting at about $1016 on the dinbits index, it's starting to attract like minded company. Altcoins.
Dash, Ether, Monero, Litecoin, and ZCash
The big five of Altcoins have really been tearing up the upwards climb as of late. Dash was up over $100, while ZCash hit over $75. Ether hit record highs in the $40's and Monero continues to show it's not to be forgotten about either.
So much so that we've added it to out altcoin index list.
Like bitcoin these digital assets are volatile as well if not more so and many of them on very weak networks which promotes some security concerns as well.
Dash, Monero, and ZCash have additional scrutiny from regulators given their additional privacy, and Ether has a twin, Ether Classic, as a result of a hard fork everyone warned against but nobody listened and the result was about as suspected. Although it's important to note that Classic (ETC) likely would have faded away had it not been for Ethereum supporters themselves attacking the original Ether when it decided not to go away. This fueled an armada of assistance that came to the aide of ETC to fend off 51% attacks threatened by the Ethereum community.
Point being, in this industry its still a bit Wild West and this is evident in the volatile market rates. Bitcoin is likely the most stable, but Dash and especially Litecoin have been around for a while.
Here's how they stack up.
With the exception of Litecoin and the initial offering of ZCash, all-in-all it's been a slow rise with spikes to their peaks for most of the larger coins.
Volatility may not change anytime soon, but one thing is apparent. Digital assets are becoming more and more popular... and valuable.
Get on it!
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