The Motley Fool

Crypto fever looks broken as Ethereum price hits 52-week low

Cryptocurrencies including Bitcoin, Ripple and Ethereum continue to track lower in 2018 after their remarkable price surge over the final quarter of 2017 saw the likes of Bitcoin sell for above US$19,000.

That price surge may prove a once-in-lifetime event as since then Bitcoin has shed around 66% of its value to leave many crypto speculators underwater in need of a snorkel.

As at 10.10am AEST today, Bitcoin is changing hands for US$6,340, with Ethereum at US$169.80 (a new 52-week low) and Ripple at 0.2743. A host of other ‘popular’ online currencies are also miles off highs set around 10 months ago.

In fact the crypto fever over the hot Southern Hemisphere summer months of 2017/18 appears broken, with the main hope of crypto evangelists being a resurgence in demand for the digital currencies.

Whether that happens or not is anyone’s guess, as the price of cryptos move in mysterious ways given their shadowy background and lack of an intrinsic value.

It’s possible that another bout of crypto fever grips the world to send the bitcoin price back to US$19,000, although it’s also possible the price breaks back to US$1,000 as a result of a group rush for the exits.

Either way crypto speculators are  in a for wild ride as sentiment over cryptos’ prospects swings over the 12 months ahead.

The Disruptors: 3 Revolutionary Aussie Companies to Back for 2018

We’re living in one of the most exciting times in investing history. Innovation and a booming culture of entrepreneurship are constantly creating new companies with the potential to make forward-thinking investors very rich. Now more than ever, one small, smart investment could make a huge difference to your wealth.

That’s why at The Motley Fool we’ve been scrutinizing the ASX to uncover the kinds of companies that we believe could turn into the next Atlassian.

We’ve found three exciting companies that we believe re poised to perform in the new year. Click here to uncover these ideas!

Motley Fool contributor Tom Richardson has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

One ASX Stock For An Estimated $US22 Billion Marijuana Market

A little-known ASX company just unlocked what some experts think could be the key to profiting off the coming marijuana boom.

And make no mistake – it is coming. To the tune of an estimated $US22 billion.

Cannabis legalisation is sweeping over North America, and full legalisation arrived in Canada in October 2018.

Here’s the best part: we think there’s one ASX stock that’s uniquely positioned to profit immensely from this explosive new industry… taking savvy investors along for what could be one heck of a ride.

AND, this is the first time The Motley Fool Australia has EVER put a BUY recommendation on a marijuana stock.

Simply click below to learn more on how you can profit from the coming cannabis boom.

Click here to find out more