Counterparty Recovering after Shedding 60% from All-Time Highs

Counterparty (XCP) has regained its footing after a steep fall from all-time highs near 0.023 BTC reached last month.

XCP soared multifold in October and November, starting out at 0.005 BTC. A series of positive achievements drove prices to all-time highs. It then gave up half its value, which is not an abnormally high retracement after gaining over 300%. After some stability near 0.015 BTC, it fell further to as low as 0.0093 BTC.

It has since bounced back by more than 50%, making it one of the most volatile top-ranked Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term. It is currently trading at 0.134 BTC ($4.15).

Its market cap is now $11 million, falling in rank to 11th after climbing as high as 5th. The combined effects of its lower BTC-denominated prices and lower Bitcoin prices have thus weighed on its dollar-based valuation.

The Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term is also a reminder of the increasing competition in the Bitcoin 2.0 space, which Counterparty also has to share with the likes of Ripple, BitShares, Nxt, Mastercoin, Stellar and more.