Cryptocurrencies run to $1 trillion

As of the moment this news went live, this figure is growing rapidly, exceeding $830 billion.

After a sharp decline before the new year, most cryptocurrencies continue their growth from where they left off.. This situation brought along a rapid increase in the total market value.

Towards a huge industry of $1 trillion

Not even a month has passed since the market size exceeded $500 billion.. This tremendous growth, combined with the fact that the market was only $18 billion at the beginning of 2017, shows that cryptocurrencies are on their way to becoming a massive $1 trillion industry.

Ethereum has surpassed $1,000 and continues

A few of the cryptocurrencies driving this upward dynamic should be noted. Bitcoin, the first cryptocurrency, continues its relatively stable course in the $ 16500-17000 range, with a slight increase since last week.. However, the market dominance of Bitcoin remained as low as 34 percent.. Ethereum surpassed $1000 for the first time last Friday and continues to grow.

Ripple founder potentially becomes world’s richest person

Ripple is another crypto that has played an important role in the growth of overall market cap. money. Ripple, which started to rise rapidly in December 2017, succeeded in becoming the second largest cryptocurrency, surpassing Ethereum.. At the same time, he potentially made his own founder the richest person in the world.

Finally, it is necessary to remind that a market value of 1 trillion dollars is a psychological limit, and exceeding this limit can further stimulate the growth momentum.