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Monday, 27 November 2017

Cryptocurrency Market Capitalization Exceeds $300bn

The total market capitalization of the Cryptocurrency market has exceeded $300bn for the first time.





Data coming has indicated that the market cap of all Cryptocurrencies is currently hovering around $300.5bn, with Bitcoin being responsible for the larger share of the market at $158bn.

This is coming after Bitcoin currently  hit and passed $9000; with trade mark at roughly $9482 according to CoinDesk Bitcoin Price Index.

The push also indicates how fast the Cryptocurrency market has moved in the last few weeks. On Nov 3rd, the market hit $200Bn market capitalization where which $100bn cap was hit back in June, Indicating the speed of the market growth in the last few weeks.



But Bitcoin was not alone in accomplishing this feat, as other Cryptocurrencies like Ethereum was in on it in the feat.

Ethereum,  the world's second largest Cryptocurrency had a press time market cap at $46Bn and trading at about $475 which indicates a 25% increase in the last few weeks.


What do you think about the recent increase in crypto market, is the world soon gonna be taken over by Cryptocurrency? 

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