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The total capitalization of cryptocurrencies exceeds $150 billion

The total capitalization of cryptocurrencies exceeds $150 billion
Published: 24 August 2017
Source: coinfox.info

According to Coinmarketcap, at 13.00 GMT the capitalization stood at $153,104,761,629. In total, up to date, Coinmarketcap includes 853 digital assets, 11 of which have a capitalization of more than $1 billion.

The first place is traditionally occupied by the most popular cryptocurrency bitcoin with its capitalization topping $69.458 billion. The second cryptocurrency by capitaization is Ethereum ($30.014 billion), the third one is Bitcoin Cash ($10.888 billion).

The list of other cryptocurrencies whose capitalization has exceeded the billion level, includes Ripple, IOTA, Litecoin, NEM, Dash, NEO, Ethereum Classic and Monero.

The highest growth speed is demonstrated by the payment system Ripple. It has risen almost 50% over the last 24 hours.

Bitcoin may rise as high as $6,000 by mid-2018 and top at $25,000 by 2022, Fundstrat Founder Tom Lee said. He also believes that in 2018 the number of bitcoin users will double. He predicts the world central banks will view the cryptocurrency market more seriously when the total capitalisation of this sector reaches $500 billion.

We can see that the recent changes on the capitalization of cryptocurrency indicates that many people already gaining trust with the use of cryptocurrency on the market.

As what Fundstrat Founder Tom Lee said that he can tell that by the year 2018, the number of bitcoin users will be doubled. Probably why bitcoin is rated as A+ or always the first on the list with other cryptocurrencies because the security itself has been tested to be effective. People already trusted using it as exchange of commodity or good start for investing in cryptocurrency.