The Cryptocurrency Market Cap is at $161,151,153,741 Billion Dollars as of 8/28/2017. Billions of dollars keep coming in. This is the definition of a bull market. This article will focus on prices and data. This information can be used to help you against stiff competition.
On August 15 the market cap was at $133,028,157,522 Billion. Bitcoin was trading at $4059.93. Ethereum was trading at $284.05. Litecoin was trading at $43.63. On August 16 the market cap was at $141,285,467,973 Billion. Bitcoin was trading at $4329.35. Ethereum was trading at $301.28. Litecoin was trading at $44.71. If I had to guess, a country was involved in moving the market cap. Most likely South Korea.
The cryptocurrency market never really got the interest of Ivy League stock brokers or the 1 percent in the upper class. It got the interest of the middle class and lower class. People that went to public schools reading about how it could be web 3.0. Unfortunately these times have changed. In 2017 you now have private institutions and whales with huge bank rolls coming into this space. You now have countries that will move these markets. I do have data from every hour and every day but I will only provide that information to select followers that can be key assets in our investment strategy.
Fast forward about a week to August 22. The market cap hit over 147 Billion. To be exact $147,207,995,289. BTC was at $4107.70, ETH $315.21, and LTC $46.45. Then just one day later on August 23 we got a Whale that came in to raise the market cap to over $153 Billion. BTC was at $4205.68, ETH at $318.30, and LTC at $47.35. This could of been the announcement that Vietnam was going to accept Bitcoin in 2018.
We know China, South Korea, Japan, and Vietnam are all big on Cryptocurrency. This could be really interesting going forward to see who will have the power in the world. By August 27 the market cap went over 157 B! BTC was at $4361.30, ETH at $340.59, and LTC $61.68. This is significant because you have Litecoin which is silver to Bitcoins gold reaching all time highs. Piggy backing off this move was Ethereum which was retesting all time highs. Most likely you will see ETH retest all time highs and continue its bullish trend to $400.
As of right now Bitcoin is at $4,368.02, Ethereum $349.53, and Litecoin $62.34. Look for these three to make moves upward. Especially since you got Asia coming in. This blog was more focused on prices and some theories. To get straight to the point Bitcoin, Ethereum, and Litecoin are solidifying themselves as great short and long term investments.