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..!!

[stephenkendal]

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

Comments

[oldmancrypto]

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

[stephenkendal]

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

[jamhuery]

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

[lydon.sipe]

The board is set and the pieces are moving.

[jcsteem]

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

[stephenkendal]

Shared on twitter. Stephen

[greenlantern1971]

Thank you for this post!

[cm-steem]

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

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[dnonomos]

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

[hedge-x]

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?

[freiheit50]

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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[creutzy]

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