In the past few months, we have heard more about Bitcoin. The alternative coins almost 800 in number are almost always ignored. Now seems like these altcoins have started to pick pace as well. Following Bitcoin, their prices have started to rise as well.
Amidst this rally, Coinbase, the top platform for cryptocurrencies in US has halted the trading of Litecoin and Ethereum temporarily. The notice says, “Litecoin and Ethereum buys and sells are temporarily disabled. We apologize for any inconvenience.”
Coinbase faced outage as the trading of Litecoin and Ethereum increase due to hike in their prices. At the time of writing this, Ethereum (ETH) is being traded at $657 which is 25% increase in value in a day. Litecoin (LTC) $313, again this is 28% increase in value in a single day. Ripple (XRP) $0.497 which is over 100% increase in value in a single day. If you want to check out their current value, you can visit TechJuice website on desktop to get to know latest rates in USD and PKR.
Read Also: A guide on how to buy Ethereum in Pakistan
Due to rumors that Bitcoin is a bubble and it might crash. People are looking at other opportunities for investment purposes. Ethereum, Litecoin, and Ripple are all using the blockchain protocol and have applications in different life scenarios.
Coinbase just recently became the top downloaded application in iPhone appstore. The popularity of the application is a testimony to general public’s interest in cryptocurrency and blockchain applications. The founder of Coinbase have officially gone ahead and requested their users to invest responsibly because the cryptocurrency’s value is volatile and can come crashing down in a minutes time.