Cryptocurrency total market cap over 200 billion already, billions added in hours!
Billions of dollars were just added to the crypto space in hours
Just yesterday I predicted that the total market cap would reach over 200 billion before the end of the year. Apparently new money is flowing in at a rate faster than even I expected and in a matter of hours is over 200 billion. Safe to say the crypto recession is now over and growth is accellorating. I also think the high price of Bitcoin and Bitcoin approaching $10,000 is getting a lot of attention both from governments who are tracking down but also from potential investors who by FOMO might be thinking if they only bought Bitcoin when it was under $100 how much money they could have now.
There are plenty of altcoins besides Bitcoin some of which are still relatively cheap. Ethereum is still under $1000 and many tokens are $1 or even less than a dollar. Any of these tokens could rise to be $10 or $100 or $1000 in the future and we have no way of knowing which tokens for sure will be successful. Perhaps potential investors are now aware of the opportunity costs of avoiding this market and that could explain at least some of the rise in total market cap.
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I think we have hit the point of no return with Crypto's.
I think it is all a big game of the whales.
The whole market is getting crazy everyday
Thanks for sharing
Exponential S curve in crypto is happening. We are on track to reach $1 Trillion market size next year.
What is the rate of growth of the industry in terms of total market cap for all crypto? I suppose if it grows at a rate of 20-30 billion a month we could see 1 trillion but I don't see how that kind of growth will be sustained or see where the money will come from. I do think sure in theory but there will have to be an unbanning in China, in Russia and other places so money can flow in from all countries.
Institutional money flows into Bitcoin first then funnels down through the ALTs. This is the way is been in the past at least (its a cycle). I think as we move into future you'll see money get channeled in through direct fiat-crypto pairs. We are all early adopters. The real big money is just arriving.
A Bubble as a bubble should be