Posts Tagged ‘market capitalization

According to the data from the website CoinMarketCap that tracks all of the more serious crypto currencies the total market capitalization has just passed the $100 Billion USD mark. Furthermore in less than three months it has risen multiple times from just about $25 Billion to today’s peak of a little over $101 Billion USD with Bitcoin surging shortly to a little over $2900 USD, before getting back down to the $2700 USD range. Many are wondering already when the bubble will burst or if it will at all, as other people are considering Bitcoin and some of the altcoins still being greatly undervalued. For now the craze continues, even with the shortages of GPUs and other mining hardware on the market.

It is interesting to note that Bitcoin (BTC) is responsible for just about the half of the total market cap of crypto currencies, if we take BTC from the equation and look only at all altcoins the number falls down to abut $53 Billion. In the last three months Bitcoin has significantly reduced its dominance in the market cap from over 80% to less than 50% currently. The most significant altcoins gaining in the total market cap at the expense of BTC are Ethereum and Ripple. Although we’ve seen some positive movement with Litecoin, Dash, Monero and some others as well, they are still much smaller compared to the market cap of the top three crypto coins in terms of market cap.

dash-logo

While the Bitcoin debate around the block size continues the alternative crypt currency Dash, formerly known as DarkCoin, has shown how a consensus about an increase of the block size can be reached quickly and efficiently. By holding a vote among its stakeholders to increase its blocksize, even if there is not yet immediate need of such an increase, from 1 MB to 2 MB a consensus has been reached within 24 hours with 99 percent of the vote for the increase. Currently each block of Dash contains less than 10 transactions on average and is justa few kilobytes in size, so there is not much need of 2 MB block size, however with the developers expecting the blocksize to grow over time the need for further increase in the not so near future can be avoided (learning from Bitcoin).

According to Coinmarketcap Dash is currently the 5th crypto currency in terms of Market Cap, however you can also say it is the third one after BTC and LTC if you take out Ripple and Ethereum due to the first being pre-mined completely and the second one with a very large initial pre-mine. Dash has some interesting and useful advantages as compared ot Bitcoin and some other crypto currencies including much faster transaction times, offering more anonymity and still being mined with GPUs only (no ASICs) using the popular X11 algorithm. Lately there have been some interesting and positive news regarding Dash that have also resulted in the price of the altcoin increasing a bit in the last few days.

ehtereum-market-cap

Ethereum’s Ether coins have been available for mining and trading for just a couple of days, but a few of the larger crypto currency exchanges have already added the coins for trading. Below you can find a list of the crypto currency exchanges where Ethereum’s Ether coins can be purchased and sold for the moment with more exchanges probably following soon. The list below has the exchanges listed by the ETH trading volume for the moment:

Poloniex
Kraken
Bittrex
Bleutrade
Shapeshift
BTER
Coinsquare
Coinimal
Gatecoin
C-Cex
YoBit
MetaExchange
Livecoin
Yunbi

It would be nice to also see some Ethereum Faucets that will be giving out some free Ether coins for people to try if they have everything ready for their local Ethereum wallet as well as when they are preparing to start mining the coin. In our recent Quick Guide on How to Mine Ethereum on Windows we have covered how you can get started. However mining either locally or in a mining pool can take some time before you get your first Ether (ETH) coins in your wallet, especially if you have low hashrate. Alternatively you can just buy a fraction of ETH for testing things out from an exchange listed above and transferring them to your local wallet.

If you need some more information about the current market capitalization of Ethereum…


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