The market cap of all coins has DOUBLED in just a month - and keeps climbing

in #bitcoin4 years ago (edited)

I just had to stop and make a post about this amazing fact - the market cap of all cryptocurrencies has DOUBLED in the last month. For those of you who don't know, this essentially means all of the money invested in all of the cryptocurrencies as a whole. On May 5th 2017 we were at around $45 Billion market cap in all coins, today June 5th 2017 we are at $95 Billion market cap. This shows an enormous amount of growth and interest in the cryptocurrency sphere as a whole, including of course STEEM which as I type this is sitting at a price of 0.00061950btc or $1.62.

Just bask in the glow of this amazing chart (credit - coinmarketcap.com) below showing growth between May 5th and June 5th:

Screen Shot 2017-06-05 at 12.43.07 PM.png

And even more amazing, the total market cap has almost quadrupled in two months. At the beginning of April we were at around $26 Billion, again, today, $95 billion. See below:

Screen Shot 2017-06-05 at 12.45.17 PM.png

I think 2017 is shaping up to be the year of crypto - next stop, mainstream adoption with STEEM and steemit.com at the forefront and our amazing community that continues to grow at exponential rates similarly to the market cap.

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I really do wonder what will happen when I have my kids.. what will I tell them? Will cryptocurrency be such a strong system by then that everyone will know about it? As everything grows, I wonder.. it's certainly exciting to be part of it all :)

You guys are doing amazing work! Thanks for creating this amazing platform!


It think it will keep climbing!

It's an exciting time for sure!

Excellent!

The marketcap doesn't really say how much is investing. You probably only 10-20% investment of the market cap to double it. People didn't invest & created 70 billion $