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Bitcoin & Cryptocurrency MarketWatch
The cryptocurrency market has been brimming with confidence and the exuberance of investors–new and old–has led the the charge; driving the overall market-cap across the $550 Billion figure ($554 Billion to be precise).
It wasn’t too long ago–on 12th Dec–that the cryptocurrencies market had touched the 0.5 Trillion mark for the first time. The scale and pace, at with with the money is being pumped into the system–to be honest–is scary!
Just to put things not perspective, let me give you a small comparison. At the start of 2017, the complete cryptocurrency market was worth approximately $14.5 Billion.
And now, just in the span of 4 days, we have already seen the influx of approximately $54 Billion.
Marketshare of the top 10 Cryptocurrencies
The euphoric & manic surge in the market has raised a lot of question. Questions such as “Is Bitcoin really a bubble?”, “Is it too early too quickly?”, “Have we earned this growth?” etc.
Vitalik Buterin, on the occasion of hitting the $0.5 Trillion figure, raised a series of questions. He tweeted and asked:
“So total cryptocoin market cap just hit $0.5T today. But have we *earned* it?”
How many dapps have we created that have substantial usage? Low added value *per user* for using a blockchain is fine, but then you have to make up for it in volume.— Vitalik Buterin (@VitalikButerin) December 13, 2017
The answer to all of these questions is definitely not zero, and in some cases it's quite significant. But not enough to say it's $0.5T levels of significant. Not enough.— Vitalik Buterin (@VitalikButerin) December 13, 2017
Other Gainers of the day
Ethereum: Ethereum regained its $700 mark. Currently trading at $695, with a rise of 3.42% from yesterday.
Carnado: Carnado occupies the 8th spot on the top 10 cryptocurrency list (based on market-cap) and is currently trading at $0.264.
Quantum: QTUM surged by a staggering 49.2%, taking its price close to $30.
TRON: TRON also saw an uprise of 43.6%, which takes its price near to $0.0237.
WaBi: WaBi also rose by 70%, in the last 24 hours. The currency trading value of WaBi is %1.73.