CRYPTOCURRENCIES: For the first time in history, the Cryptocurrency Market has breached the US$55bn mark. Just think, this cap was just above US$40bn around a month ago..!!

in cryptocurrency •  8 years ago  (edited)

Cryptocurrency Market Passes $55 billion


Credit:newsbtc


I was scanning my news feeds earlier and came across this article that I thought I would share.

For the first time in history, the Cryptocurrency Market has breached the US$55bn mark.

Just think, this cap was just above US$40bn around a month ago..!!

Credit to newsbtc for the content in the article.

http://www.newsbtc.com/2017/05/15/total-cryptocurrency-market-cap-surpases-us55bn-alternative-digital-assets-start-bounce-back/

Credit:newsbtc


$40bn - $55bn in a month..!!

Just think about this for a moment.

$15bn of fresh cash has come into the market in little over 1 month.

Currently Bitcoin has a Market Capital of approximately $29bn and it wasn't long ago that this was a mere $14bn.

The point I am trying to get across is that in little over 1 month the equivalent to the whole of the Bitcoin Market that was around only a few months ago has come into the Cryptocurrency Market.

In the coming weeks/months STEEM is set to return to it's previous ranking of 7th Place as people finally wake up to the sheer potential of the whole of the STEEM ECOSYSTEM.

I am sticking firmly to my imminent Price Target for STEEM at $2.80..!!


Thanks again for reading.

Stephen

cryptocurrency bitcoin steem beyondbitcoin news
8 years ago by

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    • [-]
      ·  8 years ago 

    I predict 1 Trillion market cap in 5 years. That's still way less than any other asset class.

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      ·  8 years ago 

    I totally agree 100%. $55 billion is pocket change. $1 trillion in 5 years is about right. Stephen

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    [-]
      ·  8 years ago 

    great news, if steem price grow till $2.80, this time to buy steem

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    [-]
      ·  8 years ago 

    The board is set and the pieces are moving.

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    [-]
      ·  8 years ago 

    That's a series jump!
    Something is definitely brewing.
    Thanks for sharing and Steem on. :)

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    [-]
      ·  8 years ago 

    Shared on twitter. Stephen

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    [-]
      ·  8 years ago 

    Congratulations @stephenkendal! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

    You published 4 posts in one day

    Click on any badge to view your own Board of Honnor on SteemitBoard.
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      [-]
        ·  8 years ago 

      Pretty crazy eh? Think it will be $160B by the end of the year?

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          ·  8 years ago 

        Thank you for this post!

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          [-]
            ·  8 years ago 

          Hey Bro,
          Good Stuff!
          Follow me? https://steemit.com/@dnonomos
          Just another BitCoin Collector.
          Cheers! Upvoted your articles!

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            [-]
              ·  8 years ago 

            Ripple is now the largest by market cap shares outstanding: https://coinmarketcap.com/currencies/views/market-cap-by-total-supply/
            Ripple at least is guaranteed to be in a massive bubble. It just surpassed Bitcoin. Since most of the coins are controlled by insiders could this XRP be in a huge pump and dump scheme?

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              [-]
                ·  8 years ago 

              Yes, and bitcoin is below 50% dominance. Will bitcoin defend its first place?
              I'm not sure. But bitcoin will raise together will the others.

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                  ·  7 years ago 

                This post has been ranked within the top 25 most undervalued posts in the first half of May 16. We estimate that this post is undervalued by $11.93 as compared to a scenario in which every voter had an equal say.

                See the full rankings and details in The Daily Tribune: May 16 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

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                  [-]
                    ·  7 years ago 

                  You can't stop progress...

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