Market Overview.
HAPPY NEW YEAR guys, 2017 what a year!!! many millionaires were made as we saw the market grow by over 3000%. This post will be very beneficial to those who were not in this market 365 days ago or where here and can't remember and also as a signpost for the next 365 days. The market recorded an unbelievable growth in the last year, it peaked slightly above the $620Billion mark well above its previous year's peak of $17.8Billion. The market grew by a breathe taking 3,327.76% in the last 365days gaining over $594Billion to close (GMT+11) at $612.78Billion, and market volume grew by 22,902% from $123Million traded 365 days ago. While in the last 24Hr the market grew by a strong 6.35% gaining $36.58Billion and volume traded was $28.29Billion a 16.63% decrease from the previous day. A total of 1374 cryptocurrencies and 7478 market pairs were traded. Bitcoin's market dominance decreased from 87.36% to 37.90% of the total market cap in the last 365days.
TOP 10 BY MARKET CAP
| RANK | COIN/ASSET | MARKET CAP (BILLION$) | % 24HR | %365 DAY |
|---|---|---|---|---|
| 1 | BITCOIN BTC | 232.071 | 5.31 | 1,398.97 |
| 2 | RIPPLE XRP | 87.519 | 2.38 | 36,827.85 |
| 3 | ETHEREUM ETH | 75.007 | 7.05 | 10,288.78 |
| 4 | BITCOIN CASH | 42.485 | 2.89 | -- |
| 5 | CARDANO ADA | 18.348 | 1.17 | -- |
| 6 | LITECOIN LTC | 12.781 | 8.02 | 5,844.65 |
| 7 | MIOTA IOTA | 10.060 | 6.49 | -- |
| 8 | NEM XEM | 9.535 | 12.30 | 28,793.94 |
| 9 | DASH DASH | 8.299 | 6.19 | 10,405.06 |
| 10 | STELLAR XLM | 7.962 | 39.54 | 46,735.29 |
| - | TOTAL | 504.067 | 5.31 | 2,835 |
| - | OTHERS | 104.714 | 11.42 | 15,255 |
In course of the year 2017, our biggest gainer was XLM gaining a massive 46,735%, it opened the year at No.12. BCH, ADA, IOTA, NEM, and XLM didn't start the year in the top 10, while XMR, ETC, MAID, REP, and STEEM dropped off in the course of the year. Bitcoin grew by 1,398% peaking at about $20,000 and a peak market cap of $326Billion. The top Ten cryptos combined market cap grew by 2,835% from $17.1Billion in 365days and 5.31% in the last 24HRS to close at $504.067Billion, while OTHERS also grew by 15,255% from $708Million in the last 365 days and 11.42% in the last 24HRS to close at $104.7Billion.
TOP 5 BIGGEST GAINERS IN 365DAYS
| RANK | COIN | %GAINED |
|---|---|---|
| 1 | DigiCube CUBE | +23,181,941 |
| 2 | Verge XVG | +922,480 |
| 3 | Digital Price DP | +142,121 |
| 4 | HempCoin THC | +137,209 |
| 5 | Pivx PIVX | +134,099 |
PREDICTION AND THOUGHTS
- The Market closes above $9 Trillion by year end.
- Bitcoin dominance drops below 25%.
- Bitcoin trades above $70,000.
I wish I could predict the next 1,000,000% or 100,000% coin, but that will be hard because there are some many potential coins. However, I have learnt a valuable lesson “Do your research, invest and HODL”. Let's hear your predictions for the year and any lessons learnt from 2017.
I hope this post helps your investment decisions. If you like it PLS don't forget to UPVOTE, RESTEEM and FOLLOW for MORE. THANK YOU FOR YOUR ENCOURAGEMENT.
HAVE A PROFITABLE INVESTING YEAR 2018!
SOURCE:CoinMarketCap