Over the past few months, the cryptocurrency space has been shaken, not stirred, by a series of high profile hacks. In June, Bitcoin’s biggest rival by market cap, Ethereum, was drained of tens of millions of Dollars’ worth of ETH tokens.
A lot has changed since our last weekly update in the world of cryptos as bitcoin has dropped in value consecutively over the past six days. Currently, BTC/USD markets are hovering around $9600 after tumbling following the currency’s recent high of $11,600. Bitcoin hit a low of $8,300 two days ago but has rebounded since. Ethereum markets have been suffering similar losses as one ETH is averaging $726 at the time of writing. Cryptocurrency proponents are quite positive even though markets have been low and many believe BTC/USD will surpass last year’s value of $19,600 per token.
Coinmama recently introduced three new cryptocurrencies to our digital asset lineup as customers can now purchase Litecoin, Bitcoin Cash, and Cardano. All three of these digital currencies are top performing assets within the cryptocurrency economy and we decided to give our users a bit of history on each coin.