Lessons from December 2017
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Overnight, Ethereum has hit a record high of £650 per unit.
Whilst Bitcoin growth seems to have settled in the low tens-of-thousands, Litecoin is mirroring Ethereum, having increased in value by 14.31% over the past day. December has been a big month for digital currencies, and not just in terms of value.
2017 in general has been a year of firsts. We saw the first cryptocurrency to break the £10,000 per unit threshold, the world’s first crypto-billionaires, and the first regulated trades of digital coins.
But what has taken most industry experts by surprise, are the increased levels of engagement with cryptocurrencies, and the resultant diversification of digital currency applications within industry.
New and innovative alt coins and operating platforms seem to pop-up daily, each promising to revolutionise a specific niche or service.
Arguably, the greatest driver behind the growth in cryptos has been education. And not just in terms of cryptocurrencies themselves, but in the technology that supports them – Blockchain.
To learn more about the Blockchain revolution, click here to read our next article on its applications within industry.
You can find out about Challenge Advisory’s work in the Blockchain space here. If you would like to learn more about anything discussed, please email email@example.com.
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