The crypto-currency market cap reaches new heights and sets out for the trillion
Crypto-currencies set a new record on Monday, December 18, 2017: for the first time, the total market-cap is above $ 600 billion. In any case what reveals the data shared by the famous site CoinMarketcap.com where the total capitalization has crossed several times this symbolic bar in recent hours.
This statistic, which totals the total value of all crypto-currencies in circulation, confirms the craze around bitcoin and other altcoins. In one month, the market capitalization of all these corners has more than doubled, from $ 232 billion on November 18 to $ 603 billion on December 18.
Of course, Bitcoin dominates this capitalization by representing 52.2% of the market cap, the top 5 is completed by Ethereum (12.3%), Bitcoin Cash (6.2%), Ripple (4.8%) and Litecoin (2.9%), which benefited from its latest flight into the market.
But the fastest progress is that of bitcoin cash: the cryptocurrency from the bitcoin fork last August has climbed 22% in the last 24 hours and is currently trading around $ 2,250, says CoinDesk .
This record that was beaten today should not be the last. At least that's what Peter Smith thinks. "I think we're going to see the total cryptocurrency market cap reach the trillion dollars in 2018. I do not know if it's going to stay at a trillion, but I think we're going to reach that ceiling," he said. CEO of Blockchain Ltd.
The latter is not the only one to think that bitcoin and altcoins can reach the billion. Ronnie Moas, the founder of Standpoint Research, said the market cap should cross this course and see more. "I think it will at least reach a trillion, if not 10 trillion in the 5 to 10 years," he told CNBC.
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This entire market is simply put, very exciting. I try to explain the markets concept and application to people over the age of 40 daily and most just cannot fathom any of it. Everyone should at least should place 1% of their total investments into this entire market.