The market capitalization of the entire encryption currency exceeded $ 500 billion. Since the market capitalization at the beginning of 2017 was 20 billion dollars, it will be expanded 25 times in one year. Especially the growth from November is tremendous, about 2.5 times in one month. Market capitalization ranking Changes have also occurred in the upper ranking.
Market capitalization of encryption currency exceeded $ 500 billion
The market capitalization of the entire encryption currency exceeded $ 500 billion. Since the market capitalization at the beginning of 2017 was 20 billion dollars, it will be expanded 25 times in one year. Especially the growth from November is tremendous, about 2.5 times in one month. Looking at the individual virtual currencies, the market value of bit coin is about 300 billion dollars, 60% share, Ethereum accounts for 10% share at 70 billion dollars.
Changes in the top 10 market capitalization and ranking
Changes have also occurred in the top 10 market capitalization and ranking. The first thing to notice is IOTA. Although it was a cryptographic currency, which was originally ranked in the top 10, it rose to 4th place by temporarily exceeding Ripple temporarily due to price increases of more than four times in a short period of time. IOTA is a cryptographic currency developed for the purpose of introducing to IOT, announcement of tie-ups with Microsoft and Fujitsu has caused price rise.
Then Litecoin. Although it has a characteristic that price fluctuation is less stable and has a steady trend, it has become one of the most cheap encryption currencies, such as recording a surge of more than four times during the past few weeks. The market capitalization amounted to 4th place.
And Bitcoin Gold. Although it is a new virtual currency born by hard fork, it is ranked in the top 10 just after birth. Several bit coin hard forks are scheduled in the future, but there is a good chance of ranking in the top ten.
Does rapid expansion speed and vigilance are necessary?
Market capitalization of encryption currency continues to expand to the base of the base. The difference from the past is the speed to expand. It is a situation that is expanding 100 billion dollars in one month.
The biggest factor will be the inflow of funds through the start of bit coin futures trading.
Investment by institutional investors is increasing in addition to individual investors. Since institutional investors came in, it is no wonder that the cryptographic currency market, which was too small, is rapidly expanding, but there is always a schedule to coordinate somewhere.
It can be said that identifying when to invest is very important.
Market capitalization of encryption currency, how far will it expand in 2018
Market capitalization of encryption currency has expanded by 25 times in 2017 year.
There is a possibility that it will expand to the same degree or even more in 2018.
As both institutional investors and individual investors are likely to increase further. However, of course there is the possibility of shrinking, and no one knows what kind of result will be.