Following on from our post of yesterday, the Crypto Currency market is currenctly growing at an aggresive pace. We have been posting regularly about the new money coming into the market. Aspopularity increases so is the market size.

 

There are all time highs for many of the Cryptos including Litecoin, Ethereum and Monero. The market is extremely bullish at the moment as more and more money is being pumped into it. We do however urge some caution as tweeted by the Litecoin creator, Charlie Lee:

 

Ok, sorry to spoil the party, but I need to reign in the excitement a bit… Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can’t handle LTC dropping to $20, don’t buy!

 

Examples of just how big some of the gains have been since 12 November.

Prices in Brackets are prices from 12 November. 

Bitcoin – $16,900 ($11,450)

Ethereum – $575 ($307)

EOS – $4.87 ($1.03)

 

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We are not investment or financial advisors and are here to provide news and our opinions. Please be fully informed regarding the risks and costs associated with trading the financial markets and the Cryptocurrency market, it is one of the riskiest investment forms possible.