Top cryptocurrencies for the week of August 8th
While it’s certainly true that Bitcoin and other cryptocurrency options had a relatively rough week, that’s really only part of the story. Let’s not forget that Bitcoin was trading in the $5,800 range just five weeks ago. If you’ve spent any time following cryptos, you know full well that volatility is a given regardless of which direction today’s leading blockchain assets are ultimately headed.
No matter how you feel about Bitcoin in the short and long term, it’s worth considering that traditional commodities like gold don’t always glimmer. Gold has had a rough ride of its own and at around $1,200 an ounce, it’s now trading at an 18-month low.
Let’s not lose sight of the fact that traders only have so much money to invest. With Apple reaching a trillion-dollar market cap for the first time last week, and other companies like Google and Amazon not too far behind, cryptos find themselves dwarfed by traditional tech giants, at least for the moment.
Of course, you don’t have to be a speculator to make use of cryptos. You can enjoy cryptocurrency poker right now at Americas Cardroom. If you love online poker, Bitcoin makes it easy to fund your account and claim your winnings. What’s even better is we welcome more than 60 different cryptocurrencies.
Here are the top five cryptocurrencies used at our poker room during this past week:
4. Bitcoin Cash
Whether or not you regularly read this blog, you shouldn’t be shocked to see that our players love Litecoin. With a market cap in the $4-billion range, Litecoin is currently the 7th most valuable crypto in the world. Poker fans choose Litecoin because it has many technical similarities to Bitcoin, but it’s noticeably faster and cheaper to use. Nonetheless, we’re happy to give you a choice of more than 60 cryptocurrencies so you can choose the option that works best for you.
Looking for another reason to play live bitcoin poker? For a limited time, your favorite cryptocurrency is worth even more at Americas Cardroom. If you’re a first-time depositor, you can claim a special 200% bonus up to $1,000 when you fund your account using one of our many cryptocurrency options. Plus, we’ll also give you at least one seat in our $250 new depositor freeroll and 20 days of free cash up to $50.