Šifrování zprávy

All But One of Top 20 Cryptos See Green, Bitcoin Safely Above $6,700

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Crypto markets are seeing another wave of growth, with Bitcoin trading above $6,700 and 19 out of the top 20 coins firmly in the green.

Sunday, September 23: crypto markets are seeing another wave of green. All but one of the top 20 cryptocurrencies by market cap have made gains over the past 24 hours, according to CoinMarketCap.

Market visualization from Coin360

Market visualization from Coin360

After suffering a slight decline yesterday, Bitcoin (BTC) rebounded today, trading above $6,700 throughout the day. The cryptocurrency is at $6,734 as of press time, up 0.9 percent on the day.

Bitcoin is also up 3.3 percent over the past 7 days, and up 5 percent up on the month. Despite that, Bitcoin’s dominance has dropped slightly, down from 55.6 percent a week ago to 51.2 percent at press time, according to CoinMarketCap.

Bitcoin price chart

Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH), after having briefly given up its position during a massive Ripple (XRP) rally, is now back to the second spot by market capitalization.

The coin is up 2.6 percent in 24 hours to press time, currently trading at $245. Ethereum is up a significant 10.4 percent on the week, but it has not yet managed to recuperate its monthly losses, still down around 9 percent over the past 30 days.

Ethereum price chart

Ethereum price chart. Source: Cointelegraph Ethereum Price Index

The third largest cryptocurrency by market cap Ripple (XRP) is the only one to see some losses among the top 20 coins, according to CoinMarketCap. Following a period of immense growth earlier this week, Ripple is down 0.23 percent over the past 24 hours, to trade at $0.568.

Ripple price chart

Ripple price chart. Source: Cointelegraph Ripple Price Index

Crypto markets are holding their gains firmly, with total market cap slightly up over the past 24 hours, currently at $227 billion. Following a significant sell-off that started on September 5, the market has only recently climbed back above the $220 billion point.

Total market capitalization chart

Total market capitalization chart. Source: CoinMarketCap

The sixth largest coin by market cap Stellar (XLM) is seeing the most gains among the top 20. Stellar’s price has surged more than 20 percent in 24 hours to press time, currently at $0.289. The altcoin experienced considerable growth this week, up around 40 percent over the past 7 days, according to CoinMarketCap.

Cardano (ADA) is up 10.6 percent today, currently trading at $0.09. The altcoin’s weekly gains constitute more than 31 percent, according to CoinMarketCap.

CNBC’s Ran Neuner has noted in a tweet that cryptocurrencies are gaining significant momentum, pointing out that the daily trade volume of the entire market is approaching $14 billion, which is “the most volume we have seen in a while.

Domů Šifrování zprávy Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years
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Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years
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Tim Draper Predicts Total Crypto Market Cap of $80 Trillion in Next 15 Years

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Billionaire investor Tim Draper has forecasted that total crypto market capitalization will reach $80 trillion in the next 15 years.

Venture capital investor Tim Draper has predicted that total cryptocurrency market capitalization will hit $80 trillion in the next 15 years, news outlet DealStreetAsia hlášené September 14.

Speaking at the DealStreetAsia PE-VC Summit 2018 in Singapur, Draper argued that the significant slide in the cryptocurrency market in recent months is attributed to people who have not adopted digital currencies as a new asset class. Draper stated that once people become more familiar with the technology, it would transform many important industries globally:

“I think it’s going to have such a transformative effect on industries that we never even imagined would be transformable. The internet went after industries that were $10–100 billion dollar markets, cryptocurrency will go after trillion dollar marketsthese are finance, healthcare and insurance, banking and investment banking, and governments.”

In January 2018, Barron’s hlášené that the Russell 3000 Indexwhich accounts for 98.5 percent of the entire U.S. stock marketwas worth $30 trillion. The “staggeringamount of money followed a successful year in 2017, in which the market experienced 22 percent returns.

Draper also compared the current state of the crypto market with the early days of Internet, saying:

“The internet started in the same way, it came in big waves and then it kind of came crashing down, and then the next wave comes concentrated but much bigger, and I suspect the same thing will go on here (with Bitcoin).”

Brian Kelly of CNBC’s Fast Money compared cryptocurrency to the “Internet in the 1980sas well, pointing out that Bitcoin (BTC) is still in its early stages. Kelly asserted that while he used to see crypto as comparable to the Internet in 1995, he now understands that a better comparison is further back. He added:

“I think this technology is going to work, it’s going to be game changing, but it’s very early days, so we can have this massive volatility.

At press time, total crypto market capitalization is around $202 billion, according to CoinMarketCap.

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