Altcoin

Ending months of relative stability, crypto markets have rarely been as turbulent as they are now. Traders who are usually cool will now be panicking as the price of their investments fall. Bitcoin below US$4,000 is a scary proposition for those who’ve been in the market for a year or more. Altcoins, which were supposed to be less risky for traders, are also following a downward spiral. In the present scenario, having a prize to focus on is important for those who wish to continue trading against the odds.

Starting on 14 November, the price of Bitcoin, and in fact all altcoins, has been decreasing. The downward trend is as unexpected as the rise in the value of the recently forked coin, Bitcoin Cash SV.  It is trading at $121 per coin now.

Bitcoin started to lose its value a week ago, on the 14th of November. The crypto market is surprised by an astonishing change in the price of the virtual coin which dragged many altcoins down as well. Furthermore, experts can’t explain what is going on because there are no strong reasons for such a critical decrease.

Alternative Cryptos (Altcoins) have started to feel the digital currency winter as big names begin falling below the last year-on-year price levels.

A creepy calm lingers over the crypto markets on October 26, 2018, as Bitcoin fluctuation reaches an all-time low and Altcoins stay stale.

MGO becomes the first-ever altcoin to be accepted on Xsolla, one of the world’s largest payment processors with a staggering reach of 500+ million users! To say that being a permanent part of Xsolla’s 700+ payment methods opens a new revolutionary chapter in the token’s history will be a huge underestimation. This dramatically transforms the very nature and scope of MGO and gives it powers that it could not have imagined before and that other alternative coins could only envy.

The past ten months disappointed many investors, who experienced a range of great losses due to the prolonged bearish market. Even the “hodl” strategy, that was so popular last year, has been proved to be a bad idea for anyone who invested a lot of money in altcoins.

Since the digital revolution began, the range of cryptocurrencies has significantly increased due to the rapid development of financial technologies. While the world’s first digital currency Bitcoin continues to dominate on the crypto market, investors seek new promising sources of lucrative profit.

The unknown attacker has promised to gain majority hashrate control of an altcoin to show how smooth the process is. They have given decent warning of the attack but promised to live stream the whole event on October 13, 2018, 3:00 CDT.