Cryptocurrency Market Passes $55 billion
Credit:newsbtc
I was scanning my news feeds earlier and came across this article that I thought I would share.
For the first time in history, the Cryptocurrency Market has breached the US$55bn mark.
Just think, this cap was just above US$40bn around a month ago..!!
Credit to newsbtc for the content in the article.
http://www.newsbtc.com/2017/05/15/total-cryptocurrency-market-cap-surpases-us55bn-alternative-digital-assets-start-bounce-back/
Credit:newsbtc
$40bn - $55bn in a month..!!
Just think about this for a moment.
$15bn of fresh cash has come into the market in little over 1 month.
Currently Bitcoin has a Market Capital of approximately $29bn and it wasn't long ago that this was a mere $14bn.
The point I am trying to get across is that in little over 1 month the equivalent to the whole of the Bitcoin Market that was around only a few months ago has come into the Cryptocurrency Market.
In the coming weeks/months STEEM is set to return to it's previous ranking of 7th Place as people finally wake up to the sheer potential of the whole of the STEEM ECOSYSTEM.
I am sticking firmly to my imminent Price Target for STEEM at $2.80..!!
Thanks again for reading.
Stephen