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Blockchain & Crypto > Crypto-Investing 101 > Cryptocurrency Market Cap Growth

Cryptocurrency Market Cap Growth

The year 2017 is when the cryptocurrency market cap (market capitalization) has taken off. If we look at the market cap chart below:

Cryptocurrency Market Cap Growth - Coinmarketcap.com

The annual growth has been rather stagnant from 2013, and it increased exponentially in 2017.

  • 1 Aug 2013: US $1.276 billion
  • 1 Aug 2014: US $8.356 billion
    • Annual market growth: US $7.08 billion
    • Annual % growth: 554%
  • 1 Aug 2015: US $4.720 billion
    • Annual market growth: - US $3.636 billion
    • Annual % growth: -43%
  • 1 Aug 2016: US $12.019 billion
    • Annual market growth: US $7.299 billion
    • Annual % growth: 154%
  • 1 Aug 2017: US $93.220 billion
    • Annual market growth: US $81.201 billion
    • Annual % growth: 675%

The growth in 2017, happened from March to mid-June – thanks to Ethereum (the incorporation and announcements of the Ethereum Enterprise Alliance) and Ripple - before it “corrected” down, then moved up again to a new all time high (ATH) in August, post-Bitcoin Cash hard fork.

Cryptocurrency Asset Dominance Chart - Coinmarketcap.com

At the time of writing (23 Aug 2017), the crypto market cap is at staggering US $151.861. The majority of this, currently sits in Bitcoin. When a significant amount of the global GDP (Gross Domestic Product) is stored in cryptocurrency – as predicted by Deloitte by 2025 – the question you want to ask yourself is, do you want to miss the boat?

Note: The information in this website and the links provided are for general information only and should not be taken as a financial advice.

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