GameFlip

Posts Tagged ‘market capitalization

If you are looking for a quick and easy overview of the total crypto market cap in USD, as well as what is the current Bitcoin market cap in USD and check how altcoins fare versus Bitcoin in terms of market share you might find Cryptolization to a be a pretty useful tool. There is even a quick check where are cryptocurrencies currently positioned in the S&P 500 index to see how they fare in against some of the largest companies in the world. There is still a lot to be desired from crypto currencies in terms of market capitalization and the potential for growth is really huge, but if you look into the stats you can see that things are moving pretty fast already.

Check the Cryptolization website for a quick overview of the curent crypto market cap analysis…

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.


top