Just a few days into the New Year of 2018, I think it would be apt to review the movements in the cryptocurrency market in 2017. After all, the buzzword for 2017 was “Cryptocurency”. A self-proclaimed “early adopter” of cryptocurrency where I started mining for Bitcoin before it became cool, cryptocurrency has reached new hypes where more people are entering and identifying themselves as “experts and fanatics” of cryptocurrencies or Blockchain technology. Effectively, all “moms and pops” are now entering the market in search of easy riches (note this sentence).

There have been several major movements in the cryptocurrency markets in 2017. Bitcoin shot through the roof where it reached a price tag of USD$20,000, giving an amazing return for its believers. There was also a major correction to nearly USD$10,000 where people are speculating whether the bubble for cryptocurrencies has burst. Just a few days ago, Ripple (XRP) has …