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Altcoins continue to grow: Ethereum reaches $750, ZCash gets to $500

13 December 2017 21:00, UTC

Bitcoin has recently demonstrated a meteoric rise, even getting to 19,000 USD on the popular Coinbase exchange. The share of Bitcoin in the market capitalization is enormous — 54.2%, so the growth of other cryptocurrencies was imminent, especially with the growing number of messages on digital currency is press that usually does not focus on this topic so much.

The latest example of the drastic growth of altcoins is the all-time high of Vitalik Buterin’s currency - Ethereum overpassed 750 USD per coin, and ZCash, the developers of which are focused on various cryptographic innovations, cost over 500 dollars for a short period of time today, falling in price right after it reached this maximum.

This once again confirms the plausibility of those advices by experts not to keep all money in a sole cryptocurrency, as the average price of Bitcoin is now stopped growing and floating between 16 and 18 thousand dollars and does not demonstrate the speed it reached in Autumn. This means that an investor who held assets both in Bitcoin, Ethereum and ZCash before the stage of rapid growth is now richer than another hypothetical investor, who held assets only in Bitcoin.