In the past week, Ripple has had a high of $0.40, Ethereum has broken $100, and Bitcoin is nearing $2000
What in the world is happening? People are beginning to take notice.
Look at the exchange right now on Poloniex, that is a TON of green.
Even the smaller alternate currencies are spiking like Stellar Lumens, Bytecoin, Bitshares, Siacoin, and Einsteinium.
And yes, our very own currency STEEM is having a fantastic week as well.
So what's driving these profits?
People are waking up to the change that cryptocurrencies are causing. Currently, stock markets around the world have dipped due to all the issues going on in Washington D.C. There's also a lot of fear of another economic crisis.
So people are turning to an alternative investment for their money. One that is not regulated by governments who manipulate and cause more harm than good.
People are noticing cryptocurrencies. They are being used to protect against global uncertainty, it is visible by the major sell offs occurring right now. However, cryptocurrencies are just getting started.
The Future
Unlike other commodities crypto's have a future. The people behind these various blockchain networks are incredible. They have invented technology that is going to change the world.
The World Food Program has adopted Ethereum's blockchain technology in efforts to help end world hunger
Ripple has cut costs and increased transaction speed for banks
Smart contracts create efficient business and help eliminate fraud
Consenus
Next week, hundreds of investors and companies are meeting together for a blockchain technology summit in New York. This is causing massive price spikes for various currencies as firms are starting to adopt their technologies more and more. Here's who all is going:
People are seeing the change that's occurring in the world. As more people become educated on blockchain and cryptocurrencies, the more they will grow. Now is the time to invest in crypto's as things are about to take off next week after consensus.
Not only are they profitable, but this technology is changing the world for the better. The decentralization of these currencies puts the power in the hands of the people.
Picture from CoinDesk.com