Bitcoin and Ethereum makes a surge in pricing; Ripple drops in value

The start of the year is surely a prosperous time for Bitcoin investors as the price of the said cryptocurrency has reached more than $30,000. This is $10,000 higher compared to last month's trading. Amidst the COVID-19 Pandemic and lower USD rates since 2018, Bitcoin has been able to increase its value. Created by Satoshi Nakamoto in 2009, major companies such as PayPal have shown interest to include Bitcoin as one of their major currencies.

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As Bitcoin has increased its value, Ethereum also followed suit. The said cryptocurrency has reached the $1,000 mark, the highest rate since 2018. But unfortunately for Ripple (XRP), its price dropped down to 10 cents as of December from 60 cents of the same month. This is due to the US Securities and Exchange Commission (SEC) to sue Ripple for unregistered securities.

Experts say that Bitcoin will be the future of currency, while others suggested Ethereum since it supports applications on its network. Regardless of the currency, it is for sure that cryptocurrency will be the future of finance.