todaysgazette.com
It is Christmas, but nearly all cryptocurrencies, from Bitcoin (BTC) to Ripple’s XRP to Ethereum (ETH) are in red save for Nexty (NTY), an unpopular digital currency that has seen 330% growth today alone.
Bitcoin, Ripple’s XRP, and Ethereum have seen between 10% to 12% price slump in the last 24 hours, however, Nexty has increased in price by over 330%, seating at 130th position in the market with a price of $0.000156 USD, and 24hrs trading volume of $53,083
Crypto (BTC, XRP, ETH) Crash In Yuletide
The cryptocurrency community is witnessing one of the toughest crunch since Bitcoin was innovated. The crunch has mightily affected nearly all digital assets, forcing some notable software firms and startups related to cryptocurrency to shot down or lay off some of their staffs despite understanding that they are key to the development of their firms.
ETCDEV, the firm that chaired the development of Ethereum Classic announced it’s shutting down due to a funding issue.
The same thing happened to Steemit. The firm announced it is laying off around 70% of its employees due to the ongoing cryptocurrency crises that resulted in the plummeting of Bitcoin to less than $4000.
While many cryptocurrency bigwigs predicted that Bitcoin will return to its normal price or at least stay around $15,000, it is still uncertain if the digital currency will get to that value before this year ends.
Few days back, Bitcoin and some other digital asset were witnessed a surprising price increment until today when the digital asset market turned red with few touches of green.