Bitcoin (BTC) was introduced to the world in 2008 by an individual or group of individuals under the pseudonym Satoshi Nakamoto. The underlying technology of this currency is Blockchain which then gained popularity and is now being increasingly used by major IT organizations for integration of processes or building business models around it. While the cryptocurrency phenomenon started with Bitcoin, it has now been much awaited & hugely anticipated by many investors and enthusiasts of the currency that Bitcoin will take over the traditional mode of payment fully in the imminent future. This peer to peer decentralized currency is here to stay and bring a different revolution in the world of finance.
Current Statistics
Currently, the ROI of Bitcoin is 3,821.24%. The circulating supply is 17,670,725 BTC which is equivalent to the total supply. The maximum recorded supply is 21,000,000 BTC. As on April 29, 2019 at 10:34:00 UTC, the market price of BTC is trading at 5,307.79 USD, market cap is recorded at 93,792,287,768 USD and 24 h volume is 12,748,176,035 USD. Bitcoin is currently ranked number 1 in the top 100 cryptocurrencies globally by the CoinMarketCap with Ethereum on its trail. The coin has been reviving back from the wave that hit the crypto market leading to volatility and distrust among investors.
Comparison
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The price peaked as high as 5,642.04 USD in the last 30 days and dipped as low as 4,094.10 USD in the same time period. In the last 24 hours, the highest price was 5,326.23 USD & lowest was 5,255.68 USD. As on March 30, 2019 at 07:34:00 UTC, the market cap of the crypto was 72,351,831,076 USD, the price was 4,106.83 USD and 24 h volume was 11,049,075,145 USD. The upward trend of 29% has been seen in the last 30 days; As per BTC price forecast, it is expected to cross the 5,600 USD resistance level soon as the crypto market bounces back.
Prediction
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By the end of 2019, the price of Bitcoin can reach as high as 10,000 USD, and it also has the potential to reach 20,000 USD in the next 2 years. For those of you who have not boarded the cryptocurrency train yet, now is the time as the market is only going to be more bullish in the coming days. And the wave has already begun. The market sentiment is now positive and the interest is rising. With new institutional investors, traders and supporters on the block, it looks that the price surge will continue with giant leaps in the coming days. Moreover, the risk factor is going down, and trust quotient is going up resulting in success in the long run.
