Total Cryptocurrency Market Cap Reaches $500B
All the cryptocurrencies combined reached a record-setting all-time high market cap of half a trillion ($500B). According to Coinmarketcap.com, the phenomenally high crypto market cap consists of 1,343 different digital currencies. The total market cap took five months to rise from $100 billion to $200 billion, and then only about one month to spike up to $500 billion.
The top 10 cryptocurrencies are:
Bitcoin has hit some record highs recently and now both Ethereum (ETH) and Litecoin (LTC) are showing massive gains while hitting new highs. ETH rose well over $600 and LTC rose over $400 over the past day.
The recent rise of cryptocurrencies has stemmed largely from mainstream acceptance such as CMOE futures trading, as well as increased media exposure and an overall more positive sentiment regarding cryptos. Bitcoin used to be thought of as an illegal or criminal asset, but now your grandma or neighbor or child may have a Coinbase account.
"At $291,000,000,000 #Bitcoin is only just approaching 0.1% of the value invested in all other major asset classes." - @sharkybit (December 12, 2017)
What will the year's end yield in the cryptocurrency market? How high will BTC reach...$20,000...$30,000...$40,000?
I hope for 100k in 2019 :)
You and me both!! The best part is that $100k is not too far out of reach, and it is not a matter of "if" but "when"!
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