Cryptocurrencies have gained a massive foothold in the financial world in 2017. Are we on the verge of a financial revolution ... ?
The graphs below illustrate a rapid rise of cryptocurrencies in 2017. The increase in the total market capitalization was slow and gradual in the first four months, but things sped up dramatically at the turn of may. Today, the market cap reached an all-time high of $141 billion ... ! The inflow of funds into crypto has accelerated at an astounding rate this year and just might see a digital revolution in the financial world unfold very soon ...
Furthermore, it is interesting to note that Bitcoin has lost absolute dominance on the cryptomarket. In june, Ethereum appeared to be the dominant factor soon, but lost some terrain to Bitcoin again after that.
