The cryptocurrency market has been on a "Boom" since the past few months and it has been stealing headlines making people curious to learn about it.

As per now, almost everybody at least knows what cryptocurrencies are and so I do not need to define it. So let's start with the evolution of crypto market past year.

Evolution of Cryptocurrency Market in 2017  

2017 has been a great year for the cryptocurrencies making it an area of attraction for the common people. People have started buying them as an investment (mostly). As we all know, the main interest of the people lies in the Mother of all cryptos i.e. Bitcoin. 

Bitcoin started this year with a value of a 1000$ (as on 1st January 2017) and reached at 19000$ (as on 17th December 2017) that was almost a 19 times hike. 

This price hike has been good for the people who've already invested in Bitcoins but it has shifted Bitcoin out of the budget of most of the new investors. And this came up as a chance for other smaller cryptocurrencies such as Ethereum, LiteCoin, Ripple etc to gain people's attention and even they grew a lot in the past Year.

One of the main reason that I see for this rapid increase in the market cap of cryptos is its "INCREASING POPULARITY AND LIMITED SUPPLY" since most of the cryptocurrencies are fixed in quantity. So we can expect these cryptos to reach the sky in the coming years.

India On Cryptocurrencies 

India has now stepped into the cryptocurrency market and a large number of investors are now trading Bitcoins and others currencies on a large scale.

But being an Indian, I realize that only a small fraction of Indians have the access and information about cryptocurrencies. Even out of those who have the information, only some are interested to take the risk and invest in it. 

Moreover the main focus of the buyers is just on Bitcoins. But analyzing the crypto market we come to know that smaller currencies such as Ripple, Litecoin etc are providing a better return to the investors due to their lower price and good market cap growth.

So according to me India still lacks the required awareness towards these cryptocurrencies but I expect a significant growth in the coming years. 

So that was all from my side in this first post of mine on this platform. I'm still a beginner and I love to analyse the crypto market and I'll surely bring some useful posts for you in the coming time. Please tell me your reviews in the comments section.

Thank You