Topic: [2017-12-13] Bitcoin, Altcoins Combined Reach Market Cup of Half Trillion USD (Read 455 times)

Cryptocurrency continues its incredible surge, with the combined market capitalization of all digital currency reaching $500 bln. According to the Wayback Machine, on December 15, 2016 - almost exactly one year ago - the total market cap stood at around $15 bln. Today’s price movements bring the total return of the entire sector to about 3,333%, year-over-year. Virtually anybody who owned crypto a year ago, and still holds it, is a winner.

How far we’ve come
As of one year ago, the top ten digital currencies and their market caps were:

Bitcoin, $12.5 bln

Ethereum, $713 mln

Ripple, $241 mln

Litecoin, $177 mln

Monero, $114 mln

Ethereum Classic, $86 mln

Dash, $64 mln

Steem, $41 mln

MaidSafeCoin, $37 mln

Augur, $34 mln


Today, the list looks like:

Bitcoin, $292.7 bln

Ethereum, $58.8 bln

Bitcoin Cash, $27.5 bln

Litecoin, $18 bln

Ripple, $14.6 bln

IOTA, $12.8 bln

Dash, $7 bln

NEM, $5 bln

Monero, $4.7 bln

Bitcoin Gold, $4.6 bln

Last year, two of these currencies (Bitcoin Cash, Bitcoin Gold) didn’t even exist, and at least one (IOTA) was only traded over-the-counter at incredibly low prices. At that time, only the top five cryptocurrencies had breached the $100 mln market cap level; today the top 23 digital currencies have over $1 bln in market cap. To find a currency with “only” a $100 mln market cap, one must scroll down to number 90 on the list.

https://cointelegraph.com/news/bitcoin-altcoins-combined-reach-market-capitalization-of-half-trillion-dollars