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August has been a record-setting month for the cryptocurrency space. First, the bitcoin price reached an all-time high. Then – fueled by bitcoin and ethereum price rallies – the total value of all cryptocurrencies climbed to $125 billion, shattering its previous best. On Wednesday, the markets set yet another record: the number of cryptocurrencies with market caps exceeding $1 billion.
As CoinMarketCap reports, every top 10 cryptocurrency now has a market cap exceeding $1 billion. Since the beginning of August, there have been three entrants to the $1 billion club: bitcoin cash, IOTA, and NEO.
Bitcoin cash immediately reached the billionaires club following its hard fork from the main bitcoin blockchain and has consistently ranked 3-4th in total market cap. At one point, it boasted a valuation of more than $10 billion, but it has since fallen to $4.9 billion.
The whole newsarticle can be found at Cryptocoinsnews.com.
As CoinMarketCap reports, every top 10 cryptocurrency now has a market cap exceeding $1 billion. Since the beginning of August, there have been three entrants to the $1 billion club: bitcoin cash, IOTA, and NEO.
Bitcoin cash immediately reached the billionaires club following its hard fork from the main bitcoin blockchain and has consistently ranked 3-4th in total market cap. At one point, it boasted a valuation of more than $10 billion, but it has since fallen to $4.9 billion.
The whole newsarticle can be found at Cryptocoinsnews.com.
The cryptocurrency market is now surging as it reached new heights and conquered new space and value. We are hoping that nothing untoward will happen soon that can dampen the whole market...akin to the period before August 1 when there were uncertainties and fear resulting into low records for many altcoins and even Bitcoin.
Are we witnessing a new era for cryptocurrencies in general and Bitcoin in particular? Ow will this just be a short surge and then eventually the market will return to a sagging and bearish mode in the coming weeks?
While only time can tell what will really be, we are hoping for the best but prepared for the worst, as they say!