The top cryptocurrencies for the week of November 28th
After plunging to a 14-month low over the weekend, Bitcoin is once again showing signs of life. As pundits debate whether we have seen the bottom or should brace ourselves for some sort of holiday thrashing, it’s worth looking at the bigger picture.
While it’s true that Bitcoin has shed nearly 80% of its value from last year’s peak, facts like this are a little misleading. What’s the point of discounting the full history of the popular cryptocurrency deposit method? The truth is many of Bitcoin’s biggest advocates have been extolling the virtues of the blockchain since bitcoin was worth just two or three figures.
No matter what happens to the day-to-day price of bitcoin, the underlying technology that makes bitcoin possible is here to stay. It’s like any other technological innovation. Just think about all the naysayers who declared the whole internet a fad when it first became popular in the 1990s. People said the same thing about television in the 1950s and the automobile a century ago. Who is laughing now?
That’s not to say that bitcoin or any of the other top cryptocurrency options are lost causes. The fact is no one knows what will happen, let alone when. Just look at the long-term chart while keeping in mind that past performance has little bearing on future results. What you should concentrate on is what bitcoin can do for you today.
Do you know just how easy it is to play cryptocurrency poker? At Americas Cardroom, we gladly welcome 60+ cryptos. Why sit on your cryptocurrencies when you can take them straight to the tables? What’s even better is our tournaments and cash games are denominated in US dollars. In other words, you won’t have to worry about the volatility while you play. When it’s time to cash out your winnings, you’ll be able to take advantage of the day’s going rate. That’s great news no matter what direction cryptos happen to be headed.
Here are the top five cryptocurrencies used at Americas Cardroom this week:
• Ether Classic
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