14 March 2017

Cryptocurrency Market is Booming Right Now : Market Cap Nears $25 Bln



Bitcoin known as the dominant cryptocurrency. It currently accounts for approximately 80 percent of
the total market capitalization of all cryptocurrencies in circulation.

In the run-up to the decision on the Winklevoss’ Exchange Traded Fund (ETF), Bitcoin dominance was as high as 88 percent.

Japan’s Financial Services Agency and The Monetary Authority of Singapore to Partner

The market capitalization of all cryptocurrencies in circulation has neared $25 billion.

Ethereum and Dash coins seems to be more preferred by Crypto Investors who were involved in ETF betting.

This coins recently is said to have made massive gains in the last three months and seem to be further increasing post the rejection of the ETF.

Ethereum market capitalization has increased from $1 billion months ago to over $2.5 billion currently.

cryptocurrencies are definitely not overvalued adoption increases further, their value could skyrocket given the huge potential of cryptocurrencies in areas ranging from money transfers to smart contracts.

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