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RE: Crypto Market Capitalization
Great charts. Followed and upvoted. Here's my take on the recent bubble https://steemit.com/cryptocurrency/@crypticat/what-s-happening-meow-crypto-bubble-bursts
Great charts. Followed and upvoted. Here's my take on the recent bubble https://steemit.com/cryptocurrency/@crypticat/what-s-happening-meow-crypto-bubble-bursts
I enjoyed your article on the cryptocurrency bubble. As the market is so new, it is certainly hard to determine a reasonable valuation. Stocks, bonds, and traditional commodities at least have some determinable underlying value (principle for the loan, equity in the stocks, and a useful asset for commodities) whereas cryptocurrency does not. Comparing it to fiat currencies, cryptocurrency lacks the support of a government.