The cryptocurrency market capitalization also known as cryptocurrency market cap is the overall measure of growth in cryptocurrency market.
The term market capitalization refers to the market value of a company, market or sector at a particular time which can be regarded as the relative size of the company, market of sector.
Cryptocurrency market cap refers to the metric that measure the relative size of the cryptocurrency market.
It is calculated by multiplying the current market price of cryptocurrencies with the total volume of cryptocurrencies in circulation.
“The $1trillion mark cements cryptocurrency as an investable assets class that no longer sits on the fringes of Traditional Finance as a toy for retail investors.” Jack Purdy, a decentralized financial analyst at Messari.
Following the word of Jack Purdy, the $1trillion market capitalization for cryptocurrency signify that the cryptocurrency market is now a global investable assets which attracts long time investors.
Relatively, the cryptocurrency market cap is small compared to other market but the $1trilion market capitalization has made it an investable market for all classes of investors.
The increase in the value of cryptocurrency market cap can be traced to the two major cryptocurrency, bitcoin and ethereum.
Bitcoin, the largest cryptocurrency by market cap has gained 25% in January, 2021 after a more than 300% gain in 2020.
Ethereum, the second largest cryptocurrency by market capitalization and the second cryptocurrency to be among the top 100 assets by market cap has increased by over 860% in the past 12 months.
The cryptocurrency market is a fast growing market and another prominent market capitalization can be achieved soon with the current increase in price of cryptocurrency.
Are you in the market or watching the market?
Whether you keep watching or you are part of the market, the cryptocurrency market will continue to soar most especially because of its scarcity.
Don’t watch, be part of the market.
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