Total Market Capitalization Above 300 B$,will it be sustained - page 2.

Herbys

jr. member

Activity: 238

Merit: 6

Quote from: matthewio on July 25, 2018, 05:32:09 AM

The market capitalization for all cryptocurrency rose above 300 B$ after a long time above this range,Is the momentum going to be sustained

This rate of capitalization is due only to a rise in the price of the most expensive cryptocurrency of the market - Bitcoin BTC.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

in the long run after a couple of years, i think not because most part of this total market capitalization comes from useless shitcoins with huge supplies and high prices while having huge premines. as time goes by their large supply will bite them in the ass and their price starts decreasing which leads to a much smaller market cap. and eventually all these ICO tokens and useless fork coins will die too and that takes another big chunk of the market cap with it.
in the end there will only be bitcoin's market cap and a couple of other altcoins that survived in the long run.

tutorroma

member

Activity: 255

Merit: 10

Yes, I think this will continue. In the last month, there are some positive signals in the market. I think the market will soon end the correction and the new funds will enter the encrypted market in the short term.

hugeblack

legendary

Activity: 2646

Merit: 3911

The market is now holding back and waiting for positive news to pick up. This news has rekindled hopes and has given some momentum to bitcoin price. [1]
The real assessment of the market is the extent of people's trust in the currency and not the rapid fluctuations that occur due to random sales
Looking at the market capacity will not help to predict the future more than knowing the news. "As the limited number of bitcoin makes it easier to increase market capacity if demand increases."
If we take Bitcoin as an example, the market was about $ 237 billion, and then it dropped to $ 117 billion. Does that mean anything?[2]

Sources:
[1] SEC Commissioner Disagrees with Agency's Winklevoss Bitcoin ETF Rejection
[2] https://www.statista.com/statistics/377382/bitcoin-market-capitalization/

draacubile328

newbie

Activity: 34

Merit: 0

As the higher the value, the stronger the community, the greater the sustainability.
When the total capitalization of all e-currencies rises to a very high value and the interest of everyone is greater, then value and sustainability have only increased rather than decreased.

Wayan_Pedjeng

sr. member

Activity: 913

Merit: 252

Right now, it has fallen below that mark. The current crypto market cap is $297 billion. But the overall trends are quite positive. If the ETF gets approved, then we may even touch $500 billion.

Cryptotissue

member

Activity: 150

Merit: 10

Looking at cryptocurrencies, they are at a young start. The total market capitalization will be sustained and even move higher than $300B, I see it reaching $2T in the few years to come.

kma.deno

newbie

Activity: 252

Merit: 0

I believe that this momentum will continue and the price will raise more. Actually after the rise of bit coin, the market of crypto currency has started to rise slowly.

Xester

hero member

Activity: 994

Merit: 544

Quote from: matthewio on July 25, 2018, 05:32:09 AM

The market capitalization for all cryptocurrency rose above 300 B$ after a long time above this range,Is the momentum going to be sustained

The momentum is going to be sustained and it will rise up more. There is no going back since cryptocurrency market have already bloomed and people are starting to notice and everyday hundreds to thousands of people across the globe are joining in. On the long run the 300 billion $ total market capitalization will be a miniscule to the futures market capitalization.

matthewio

jr. member

Activity: 164

Merit: 1

bitcoin is great

The market capitalization for all cryptocurrency rose above 300 B$ after a long time above this range,Is the momentum going to be sustained

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