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Ethereum Passing 1 Billion USD Market Capitalization
12 Mar2016
With the latest price increase of Ethereum it seems that it has managed to reach a total market capitalization of over 1 billion USD making it the second crypto coin after Bitcoin currently into the Billions. Even though the current market capitalization of Ethereum (ETH) is being estimated at almost 1/6th of the Bitcoin market cap you should be well aware of the fact that the largest part of the available Ethereum coins have been pre-mined and distributed in pre-sale and among developers and other people with the actually mined coins by users still less than 10 percent of the total coin availability. So a direct comparison with Bitcoin where users have mined all of the available coins might not be the best thing to do, but then again coin market capitalization is just a standardized way of measuring and comparing coins. With all that said the success of Ethereum that is being marked by the significant interest among users and the demand for Ether coins is a fact. The question that remains is if Ethereum will be as successful as a platform for smart contracts powered by Ether coins or it will be more popular among users looking at the ETH coins just as an alternative form of tokens with high value.
- Publihsed in: Crypto News
- Related tags: ETH market cap, ETH market capitalization, Ethereum market cap, Ethereum market capitalization
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