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RE: Total market capitalization 712 billion. Are we closing in on the maximum market cap for cryptoz?
Good post. As long as there is flooding money into the crypto space, the bull market should continue. Also, most of the capital remains in cryptos and are not converted back to fiat.
USDT then maybe? $2 856 100 000 volume 24 hours so can't put it all there.
I spoke with a cryptnewbie the other day, he was happy with the gains since December, but saw that it didn't continue, so he sold out to fiat for the moment. Ha was in Ripple. When these guys are selling of the high mcap coins, the effect would probably be that whales see the high mcap coins drop, getting out of smaller projects. Because I think I can see that the drop/ correction comes to the high to medieum mcap coins first, then small cap later.