- Market almost doubles in a month
- Biggest recorded climb
- bitcoin still retains largest market cap
Historical Moment in time
Saturday provided a new record since the inception of cryptocurrancy and block chain tech. Saturday saw the entire economy almost double to $US1.8Trillion and cementing the largest recorded growth of all time.
Bitcoin continues to maintain the largest market cap sitting at about $US1.2Trillian followed by Ethereum and then Binance which has seen large influx of investors over the past few weeks.
High GAS fees that are paid for each ERC20 transaction has seen many investors leave the Ethereum network in search of better returns. This has provided Binance the opportunity to emerge as the 3rd top crypto.
Hot on it's trail is the up and coming Parachain Polkadot who have been rolling out their road map. With still a long way to go until the parachain is fully functional. It's increase in price is already showing market confidence as it continues to grow in value.
Polkadot is seeming like the likely winner in the new field of parachains and I didn't previously think it would be the Ethereum Killer many had called. However, it looks like I may have been wrong and it's community support and rallying price is quickly showing that it may infact be a top two chain.
It looks like the gloves are on as new players battle it out with older players for the top spots and with all the planned upgrades with BETH, Binance and market adoption of Bitcoin it is anyones game.
An entire economy doubling in a month further shows that the public is lining up at the door to get in on the action.
Let's get reaaaaady to rumble!
Who are you tipping to emerge as the leaders in the next phase of Block Chain tech?