Will Gottsegen

All of the top ten coins by market cap, minus XRP, increased in price today. And privacy coin Monero, the fifteenth largest coin by market cap, increased by 10% in a sudden spurt. 

Bitcoin’s price, the bellwether of the crypto market, is up by 3% in the past 24 hours. Its current price is $18,477.

Though Bitcoin is up today, it’s down more than 3% over the past seven days. That’s a drop from just a few weeks ago, when the bull run was in full swing; on November 30, Bitcoin beat its previous all-time high of $19,783.

Bitcoin's stagnation has affected the price of altcoins like XRP, Litecoin, Cardano, and Stellar. 

XRP is currently valued at $0.50, down 8.4% today and almost 14% this week; Litecoin is up 4% today to $75.11, but it’s fallen over 10% over the past seven days. Cardano also fell by 10%, to $0.14, as did Stellar, now priced at $0.15.

Monero, though, is _up_ 10% for the week, and nearly 9% today alone. Monero is a privacy coin designed to obscure transactions. Some illegal darknet markets deal exclusively in the coin. 

However, its privacy is disputed; blockchain investigation firm CipherTrace offers tools to trace transactions and the US Internal Revenue hired another blockchain investigation firm, Chainalysis, to do the same. 

But for today, traders don't appear to mind.

The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.

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<span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Bitcoin (BTC) is a peer-to-peer cryptocurrency, originally described in a 2008 paper by the pseudonymous Satoshi Nakamoto. Launched in January 2009, it was the world’s first cryptocurrency, and remains the most popular, with the highest market capitalization of all cryptocurrencies.\r\n\r\nBitcoin was built on several key innovations. Firstly, Nakamoto guaranteed that Bitcoin transactions were immutable, by recording all transactions on a distributed ledger known as a blockchain. Secondly, he ensured Bitcoin’s scarcity by capping the total number of Bitcoin in existence at 21 million. Finally, the community was incentivized to verify transactions by receiving rewards in the form of “mined” Bitcoin for checking the accuracy of the blockchain.\r\n&quot;}" data-sheets-userformat="{&quot;2&quot;:803,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:14281427},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;11&quot;:4,&quot;12&quot;:0}">Bitcoin (BTC) is a peer-to-peer cryptocurrency, originally described in a 2008 paper by the pseudonymous Satoshi Nakamoto. Launched in January 2009, it was the world’s first cryptocurrency, and remains the most popular, with the highest market capitalization of all cryptocurrencies.</span>

Bitcoin was built on several key innovations. Firstly, Nakamoto guaranteed that Bitcoin transactions were immutable, by recording all transactions on a distributed ledger known as a blockchain. Secondly, he ensured Bitcoin’s scarcity by capping the total number of Bitcoin in existence at 21 million. Finally, the community was incentivized to verify transactions by receiving rewards in the form of “mined” Bitcoin for checking the accuracy of the blockchain.

Bitcoin

Bitcoin (BTC) is a peer-to-peer cryptocurrency, originally described in a 2008 paper by the pseudonymous Satoshi Nakamoto. Launched in January 2009, it was the world’s first cryptocurrency, and remains the most popular, with the highest market capitalization of all cryptocurrencies.

Bitcoin was built on several key innovations. Firstly, Nakamoto guaranteed that Bitcoin transactions were immutable, by recording all transactions on a distributed ledger known as a blockchain. Secondly, he ensured Bitcoin’s scarcity by capping the total number of Bitcoin in existence at 21 million. Finally, the community was incentivized to verify transactions by receiving rewards in the form of “mined” Bitcoin for checking the accuracy of the blockchain.

<span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;Monero (XMR) is one of the leading “privacy coins”. Where most cryptocurrencies are completely transparent in their transactions, Monero (XMR) offers users privacy and anonymity. Wallets and addresses are encrypted and hidden from public view and oversight, thus ensuring both users’ protection and the token’s fungibility.&quot;}" data-sheets-userformat="{&quot;2&quot;:547,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:14281427},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;12&quot;:0}">Monero (XMR) is one of the leading “privacy coins”. Where most cryptocurrencies are completely transparent in their transactions, Monero (XMR) offers users privacy and anonymity. Wallets and addresses are encrypted and hidden from public view and oversight, thus ensuring both users’ protection and the token’s fungibility.</span>

Monero

Monero (XMR) is one of the leading “privacy coins”. Where most cryptocurrencies are completely transparent in their transactions, Monero (XMR) offers users privacy and anonymity. Wallets and addresses are encrypted and hidden from public view and oversight, thus ensuring both users’ protection and the token’s fungibility.

<span data-sheets-value="{&quot;1&quot;:2,&quot;2&quot;:&quot;XRP is a cryptocurrency designed to facilitate transfers between financial institutions. Ripple, the project behind XRP, differs from both Bitcoin and Litecoin in several key aspects: it relies on sale as opposed to mining as a means of freeing up new currency, and its transaction speeds are of a different order of magnitude (nearly 1,000 transactions per second to Bitcoin’s 7 tps) .\r\n\r\nWhile the ideas behind XRP date back to 2004, the currency was created in 2012 by Jed Caleb and Chris Larsen.\r&quot;}" data-sheets-userformat="{&quot;2&quot;:803,&quot;3&quot;:{&quot;1&quot;:0},&quot;4&quot;:{&quot;1&quot;:2,&quot;2&quot;:14281427},&quot;8&quot;:{&quot;1&quot;:[{&quot;1&quot;:2,&quot;2&quot;:0,&quot;5&quot;:{&quot;1&quot;:2,&quot;2&quot;:0}},{&quot;1&quot;:0,&quot;2&quot;:0,&quot;3&quot;:3},{&quot;1&quot;:1,&quot;2&quot;:0,&quot;4&quot;:1}]},&quot;11&quot;:4,&quot;12&quot;:0}">XRP is a cryptocurrency designed to facilitate transfers between financial institutions. Ripple, the project behind XRP, differs from both Bitcoin and Litecoin in several key aspects: it relies on sale as opposed to mining as a means of freeing up new currency, and its transaction speeds are of a different order of magnitude (nearly 1,000 transactions per second to Bitcoin’s 7 tps) .</span>

While the ideas behind XRP date back to 2004, the currency was created in 2012 by Jed Caleb and Chris Larsen.

XRP is a cryptocurrency designed to facilitate transfers between financial institutions. Ripple, the project behind XRP, differs from both Bitcoin and Litecoin in several key aspects: it relies on sale as opposed to mining as a means of freeing up new currency, and its transaction speeds are of a different order of magnitude (nearly 1,000 transactions per second to Bitcoin’s 7 tps) .

While the ideas behind XRP date back to 2004, the currency was created in 2012 by Jed Caleb and Chris Larsen.

Monero is a privacy coin. Image: Shutterstock

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