My update on coinmarketcap , today reveals that the market is now valued at over $90 billion ($91,003,999,921) . It is noteworthy that the coin market value increased by more than $20 billion within the last 4 days as shown in my previous article. Bitcoin attained an all time high of $2,400, but its dominance of the market share from 4 days ago have reduced further from 47.1 % to 44.2 %. In the last 24 hours about $4 billion ($4,021,812,860) worth of coins were traded very close to double of what was traded in the last 4 days.
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Ethereum and ripple swapped second and third positions with $20.6 billion and $13.2 billion shares respectively. Ethereum now holds more than 50 % ($20,694,729,049) of bitcoin market share viz-a-viz one third of bitcoins market share that was seen 4 days ago. The current value of ethereum is $224/Eth. It crossed the $200 mark yesterday. Note that ethereal summit 2017 ended a couple of days ago.
New Economic Money (NEM) is still staying strong in 4th place, valued at $0.26 with market cap of over $2 billion ($2,340,711,000). A volume of $21,439,500 was traded on the floor of the coin market in the last 24 hours.
Worthy of note is DASH that has joined the league of coins with billion dollar ($1,135,469,244) market cap, valued at $155.22/DASH. This is happening ahead of DASH evolution.
Stellar lumens, one of the top 10 coins, has a market cap of over half a million dollars ($534,193, 219), with a circulating supply of almost 10 billion (9,625,137,728 XLM), valued at $0.05. There is an upcoming meeting of the stellar team in Abuja, Nigeria on the 3rd of June, 2017.
Ahead of hard fork 19, steem has consolidated with a market cap of over $300 million ($302,976,453), with circulating supply of 233,506,064 STEEM, valued at $1.30/STEEM.
Recall that 30 days (a month) ago. the total coin market was valued at $30 billion. The coin market cap tripled in just 30 days! Read my previous post https://steemit.com/cryptocurrency/@maryfavour/the-cryptocurrency-market-hits-30-billion-usd-and-still-counting .
Could bitcoin lose it's first place soon and ethereum take over? Where do you see ethereum in the next 5 years? Where do you see steem in the next 5 years? Please, share your thoughts in the comments section below.
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