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Bitcoin, Ethereum and a dozen or more altcoins have all had dramatic price increases in recent weeks. Volatility is as high as ever, but the general direction for a huge number of these coins has been upwards. This increase in market capitalization across multiple cryptocurrencies hasn’t been seen before, and could be indicative of a large stream of “new money” funnelling into the ecosystem. In the past few weeks, there have been a series of positive news stories and developments in the blockchain industry as a whole including:

Investors have always been nervous of cryptocurrency competition, often speculating that one’s rise may lead to another’s decimation. What has transpired in 2017 so far is that an increase in cryptocurrency adoption as whole has tremendous effects on the price of each coin, and that a price rise of one does not come at the expense of another. This year is showing itself to be the year of the blockchain ecosystem (Bitcoin, Ethereum and altcoins), and I only anticipate that this will get stronger as interoperability between chains takes hold in 2018.

Nick was introduced to Bitcoin in 2011 while studying for a degree in economics and quickly spotted an opportunity for the cryptocurrency's use in online poker. Since then, the space has expanded beyond his expectations and in January 2016 he dedicated more time towards studying Ethereum and other blockchains. Nick is currently the sole author of this blog and writes on a range of topics from the technical to the financial. He also developed the Ethereum price tracker.