While Bitcoin holds a leading position in terms of market capitalization, other alt coins have seen a nearly 800% increase in market capitalization.
This growth is equivalent to $ 158.5 billion. The market capitalization of crypto currencies is greater than some national currencies, as well as other large payment networks.
Bitcoin is the most widespread crypto currency and has recently seen tremendous growth with the successful introduction of SegWit. However, while Bitcoin market capitalization is more than 50% of the total capitalization of all the crypto currencies, the interest in alt coins will increase.
In fact, some of the coin's price is expected sharply because of the great interest of society. Like Dogecoin, which commences a joke, there is now almost $ 200 million of market capitalization.
Other coins such as Bitcoin Cash continue to grow, as many thought it would fail after August 1st. Bitcoin Cash has reached $ 800 after miners saw a better return in the new currency.
More and more investors are investing their money in digital currency. Institutions like "Goldman Sachs" have said they can no longer ignore crypto currencies.
Will the bubble burst ?
There are still speculators who believe that the whole idea of crypto currencies is only speculative. In their view, such rapid growth, equivalent to almost doubling market capitalization within a few months, is an absolute bubble. But, according to many people, Bitcoin is a unique payment method.
image source - Instagram
I don't think we should speak of a bubble. Cryptocurrency is here to stay.
The thing is... not all 1000+ currencies are here to stay. Only 10, maybe 20 max will secure a place and r main in the scene.
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To many crypto currencies, but in the end max 50 will stay for sure.
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Can you publish a list of the 50 and save everyone a great deal of time.
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Couldn't agree more! I follow this passive indexing strategy to catch the winners: https://steemit.com/bitcoin/@cryptoeagle/what-percentage-should-you-invest-in-each-cryptocurrency-to-become-a-multi-millionaire-a-winning-index-strategy-updated-8-24
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I dont buy that cryptocurrencies are in a bubble. This is only the beginning stages. Certainly specific tokens could be outlandishly priced especially those that have no merit to them.
BTC, LTC, and ETH, the big three have room to run I think because they are platforms (well bitcoin and ethereum...LTC has Lee which makes them a winner long term in my book) upon which other apps are build.
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