Cryptocurrency Market Capitalization Reaches $500 billion, Informs Insider.Pro

There is no stopping the bull run of crypto-currencies. The total market capitalization of the crypto market has now reached $500 billion, announces Insider.pro, the multilingual online media about cryptocurrencies, investments, global financial markets.

The new figure defies common predictions, as nearly a year ago, the market cap was only $15 billion. The latest price movement makes the year-over-year returns to a whopping 3,333%.

According to the rates available at Insider.pro, the current capitalization of the top ten digital currencies are as follows: Bitcoin (Bitcoin): $292.7 B, Ethereum (ETH/USD): $58.8 B, Bitcoin Cash (Bitcoin.Cash), $27.5 B, Litecoin (LTC/USD): $18 B, Ripple: $14.6 B, IOTA: $12.8 B, Dash: $7 B, NEM: $5 B, Monero (XMR/USD): $4.7 B, Bitcoin Gold: $4.6 B.

“The raging tide in the crypto-world is indeed massive, as can be seen from the fact that, a year ago, two of the above currencies, Bitcoin Cash and Bitcoin Gold, did not even exist. IOTA was actually traded over the counter at incredibly low prices,” says a spokesperson from Insider.pro.

It doesn’t take a leap of imagination to recognize the humongous change in the crypto landscape. Last year, the $100M market cap level had been breached only by the top five crypto-currencies, whereas today the top 23 digital currencies have entered the $1B market cap level.

InsiderPro offers all critical information needed to make the best decisions on crypto-currencies, along with latest news from the curious and fast developing world of digital tokens as well as investments and global financial markets. All news and information can be read in six languages: Spanish, Portuguese, Russian, English, Italian, and Arabic. The portal has recently concluded its Blockchain and Bitcoin Conference held in Malta on December 7 at St. Julians.

Tuesday - April 23, 2024

Cryptocurrency Market Capitalization Reaches $500 billion, Informs Insider.Pro

Posted on December 19, 2017