Total Crypto Market Cap Reaches $600 Billion
For the first time in history, the total market cap of cryptocurrencies surpassed $600 billion.
I've been closely watching this metric for the last month, noting when it went past half a trillion, just 5 days ago, when it went past $400 billion, 11 days ago, and when it went past $300 billion, 21 days ago.
During the last 3 weeks, the crypto market cap doubled in size. Stop for a while and try to digest this.
And it's not only about the speed of growth as it is about the size. Because this growth didn't happen from $100 million to $200 million. It happened from $300 billion, which is just a bit more than Singapore's GDP. In 3 weeks, cryptos doubled with the yearly GDP of Singapore.
What's interesting, though, is that Bitcoin's dominance went down 10% last week, which means the growth came mainly from alts.
Which may mean that this is just the beginning.
I'm a serial entrepreneur, blogger and ultrarunner. You can find me mainly on my blog at Dragos Roua where I write about productivity, business, relationships and running. Here on Steemit you may stay updated by following me @dragosroua.
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Amazing! That means before the year end it may cross $800 billion...and 1 trillion before the end of January 2018...we are witnessing really exciting time.
This is just the beginning my man.
today steem went up quick ...
Yeap, I saw that too...
and it is still going !
This post has received gratitude of 1.00 % from @jout
Why are you feeding the bot?
Wow more and more people are getting involved in cryto now.
In my opinion, it is the best strategy to buy a very small amount from every altcoin because then outliers will push the whole performance of investor's portfoilio. If an investor buys 50% of all the smallest cryptocurrencies he or she will most likely outperform the cryptocurrency market as a whole. The reason for this is that smaller cryptocurrencies have a higher growth potential then larger cryptocurrencies have. Does anybody know if there exists an exchange where many small-cap altcoins can be bought?
Things are moving so fast, I see people involved in crypto for years and I feel so new and also late here, for just two months
Great post sir.Crypto Market Cap Reaches $600 Billion.thanks
It's amazing to see lots of cash coming into the cryptos, people are slowly starting to get into this space.2018 and the coming years are gonna be great:)