Cryptocurrency Market May Reach the 200 Billion US Dollar Capitalization By Early 2018

georgetan93 (57)in #cryptocurrency • 7 years ago (edited)

Various analysts predict that the cryptocurrency market will reach or may somehow exceed the 200 billions US dollars capitalization at the end of 2017 or by early 2018. As of the writing of this post, the cryptocurrency market is estimated to be valued at 164 billion US dollar.

It should be noted the the cryptocurrency market is still young, hence, ten years ago, investors barely know what Bitcoin is and some of the famous cryptocurrencies now did not even exist yet. However, this market had increased tremendously over the years and various investors and even banks had shown great interest in this booming market.

Thanks to the likes of Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Dash, etc., the market has been consistently increasing over the years and the market demands were too high as compared to prior years. However, some anti-crypto analysts predict that a big correction may happen anytime soon and the market is in a big bubble that is waiting to burst. They advised that investors should be wary and weigh all the business risks in investing in digital currencies.

For me, the cryptocurrency market is indeed a very volatile market and one should invest at his/her own risk. A month from now you may be gaining 100% but a few days after, you may be losing 300%. Unlike the stock market, this market is not regulated and centralized, hence, market volatility is highly expected.