Here is a look back on what made 2019 a brilliant year for cryptocurrency as well as a little of what to expect in 2020.
File Image: IOL

DURBAN – Cryptocurrency is a “blink and you’ll miss it” type of industry. 

Here is a look back on what made 2019 a brilliant year for cryptocurrency as well as a little of what to expect in 2020. 

1. The Bitcoin price fared well in 2019, recovering from the cryptocurrency crash of 2018. Significantly this included a peak price in June of nearly $13 000. 

2. The top five cryptocurrencies by market capitalisation are Bitcoin (BTC) $147.3bn, Ethereum (ETH) $19.4bn, Ripple (XRP) $11.7bn, Bitcoin Cash (BCH) $4.1bn and Tether (USDT) $4.1bn. 

3. Facebook announced Project Libra on June 18, 2019. Libra, a cryptocurrency, was scheduled to be launched in the new year but those plans hang in the balance after Facebook faced a difficult year of privacy and security issues. Libra is intended to be a digital currency that works on Facebook, Whatsapp, and Instagram and enables users to make in-app payments.