$150 Billion: Total Cryptocurrency Market Cap

[rajuahmed330]

The combined value of all publicly traded cryptocurrencies has set a new record, surpassing $150 billion for the first time today.

At press time, the value of ether, bitcoin and more than 800 other blockchain-based assets had reached a high of around $154 billion, according to CoinMarketCap.

[BrewMaster]

and for with this topic the record for people talking about market cap which is a meaningless number for cryptocurrency market has been broken.

and meanwhile about 80 billion dollar of this "number" is still completely meaningless as almost all the altcoins have fake, premined supply which bloats their "number".

market capitalization is used for a company and its shares and that number becomes meaningful because you are multiplying meaningful and real values by each other.

[steamon]

I still believe that we are gonna reach a 300 mil market cap this year. When the market cap was 44 mil I already predicted a 100 mil + market cap and this is really just the beginning if you compare the dot.com bubble of like. 6.7 Trillion. Why 1 trillion or much higher not be possible for the crypto currency market cap? I feel the market is just becoming more aware with all those new icos. Indirectly it's helping the world adopt Bitcoin and other currencies faster than originally. To invest into an ICO you have to get Bitcoin first and then Ethereum so people download a wallet and start using it.

[JanpriX]

The combined value of all publicly traded cryptocurrencies has set a new record, surpassing $150 billion for the first time today.

At press time, the value of ether, bitcoin and more than 800 other blockchain-based assets had reached a high of around $154 billion, according to CoinMarketCap.

This is quite amazing in its own way. We may be way above with what we have (total market value) in the past but it is very safe to say that the cryptocurrency market is still in its infant stage. Things just started moving and we should expect big surge in the coming months when more people pour their money to cryptomarket as they are just getting aware of it. It is also important to take note that big percentage of that $150 billion is still allocated to useless coins that don't even have any true technology behind it.

The cogs in cryptomarket are slowly getting placed and just started moving in the right direction. 

[Karpeles]

and for with this topic the record for people talking about market cap which is a meaningless number for cryptocurrency market has been broken.

and meanwhile about 80 billion dollar of this "number" is still completely meaningless as almost all the altcoins have fake, premined supply which bloats their "number".

market capitalization is used for a company and its shares and that number becomes meaningful because you are multiplying meaningful and real values by each other.

New ATH highs reached are always nice. Might be meaningless, but keep people motivated andmay serve as propagando for cryptos.

[Prodigan786]

It's really great news am still in assumption of 25 billion dollar but now it's reached 150$ dollar I have to show this to people who still says it's big bubble and shut their mouth permanently.

[cantstopthebeat]

Wait did we not hit this a few weeks ago ? What was it at when bitcoin was higher? Or was it just because coinmarket cap added more ico tokens ?

[iluvpie60]

This is very positive news.

Coin prices are roughly stable, showing that the market is willing to use them. Demand slightly increasing week over week, which gives rise fo the price increases we are seeing across all crypto.

This is a good milestone, 150 Billion USD worth. Soon to hit 200 Billion USD in a few months watch!!

[BrewMaster]

and for with this topic the record for people talking about market cap which is a meaningless number for cryptocurrency market has been broken.

and meanwhile about 80 billion dollar of this "number" is still completely meaningless as almost all the altcoins have fake, premined supply which bloats their "number".

market capitalization is used for a company and its shares and that number becomes meaningful because you are multiplying meaningful and real values by each other.

New ATH highs reached are always nice. Might be meaningless, but keep people motivated andmay serve as propagando for cryptos.

meh, i prefer to look at the stats that really matter.
like for example the data that bitpay releases every now and then about the number of transactions they have processed or the million dollar total purchases that go through them.
or the stats such as the growing number of merchants that are accepting bitcoin in Japan and hopefully in other countries.

[Vishnu.Reang]

I still remember 2015, when the total market cap was less than $5 billion. Back then, no one thought that we would achieve this sort of market capitalization so quickly. I am still waiting for the $1 trillion market cap!

[Nicol3]

This great news if this is the fact. That's one great milestone for all of the cryptocurrencies. And every month it is increasing or even daily it is constantly increasing so that concludes there is really room for growth in the cryptoworld.Hoping to reach more billions in the future.

[stompix]

and for with this topic the record for people talking about market cap which is a meaningless number for cryptocurrency market has been broken.

and meanwhile about 80 billion dollar of this "number" is still completely meaningless as almost all the altcoins have fake, premined supply which bloats their "number".

market capitalization is used for a company and its shares and that number becomes meaningful because you are multiplying meaningful and real values by each other.

New ATH highs reached are always nice. Might be meaningless, but keep people motivated andmay serve as propagando for cryptos.

meh, i prefer to look at the stats that really matter.
like for example the data that bitpay releases every now and then about the number of transactions they have processed or the million dollar total purchases that go through them.
or the stats such as the growing number of merchants that are accepting bitcoin in Japan and hopefully in other countries.

But nobody cares about those because they are not huuuuuge.
And even if the number of merchants would have increased to a million it would have matter too little because of the limitation in transaction speed.
What's the point of having 1 million places to accept bitcoin when you can have only around 200k transaction a day?

And in that market cap, 10 billions are from Ripple. Ripple? Common.

[Siren]

We should all consider this as milestone eventhough marketcap is useless information because it is sometimes bloated. I just imagine how much investors have been throwing cash into the crypto ecosystem. And no one would have really thought that we can reach this kind of capitalization is short amount of time, specially in the last 3 years of existence particularly of bitcoin.

So it wouldn't be a surprise if the marketcap would double or even triple its amount in the next 2-3 years pushing the prices to new levels and could touch big companies capitalization. Just wondering though, it bitcoin was a stock what place should it be? Can it land in the top 10?

[BitFinnese]

The combined value of all publicly traded cryptocurrencies has set a new record, surpassing $150 billion for the first time today.

At press time, the value of ether, bitcoin and more than 800 other blockchain-based assets had reached a high of around $154 billion, according to CoinMarketCap.

This is quite amazing in its own way. We may be way above with what we have (total market value) in the past but it is very safe to say that the cryptocurrency market is still in its infant stage. Things just started moving and we should expect big surge in the coming months when more people pour their money to cryptomarket as they are just getting aware of it. It is also important to take note that big percentage of that $150 billion is still allocated to useless coins that don't even have any true technology behind it.

The cogs in cryptomarket are slowly getting placed and just started moving in the right direction. 

Lol there is nothing amazing in this statistics, as what BrewMaster stated,

and for with this topic the record for people talking about market cap which is a meaningless number for cryptocurrency market has been broken.

and meanwhile about 80 billion dollar of this "number" is still completely meaningless as almost all the altcoins have fake, premined supply which bloats their "number".

market capitalization is used for a company and its shares and that number becomes meaningful because you are multiplying meaningful and real values by each other.

The coinmaketcap is a fake statistics since the prices can easily be manipulated especially with those idle coin with huge amount of premine coins.  So anything that have something to do with coinmarketcap statistics is really non-sense and misleading.

[Tron Foundation]

In case you guys didn't see this, a new prediction coming from a prominent investor, is saying that the market cap could get up to $2 trillion. Ronnie Moas, giving the ecosystem a huge vote.

Here is the article: https://www.coindesk.com/standpoint-founder-bitcoin-asset-class-will-grow-2-trillion-market/

[MrBadger]

Lots of garbage coins in that market.And like someone said, Ripple should not be listed there. Centralized piece of garbage.

[BCMB]

In case you guys didn't see this, a new prediction coming from a prominent investor, is saying that the market cap could get up to $2 trillion. Ronnie Moas, giving the ecosystem a huge vote.

Here is the article: https://www.coindesk.com/standpoint-founder-bitcoin-asset-class-will-grow-2-trillion-market/

I'm not surprised. Regardless of whether people think Bitcoin itself is a bubble, there can't be any doubt that cryptocurrencies in general are here to stay, and they are going to continue to grow as we find more utility for them.

[Kakmakr]

https://finance.yahoo.com/news/bitcoin-market-cap-reaches-70-130739006.html

On the 15th of Aug 2017 the total crypto currency market cap has ballooned to $140 billion, with bitcoin now conferring to a larger chunk of that pie at $70 billion (more than 50% at the time of writing). The remainder is split up between ethereum at $28 billion, ripple which is holding at $6.5 billion, bitcoin cash at a valuation that is slightly below $5 billion, as well as other alternative crypto currencies and assets.

So a lot of coins are moving at the moment with Bitcoin Crash at $10+ billion at the moment. < double from 10 days ago >

[piloder]

It is really a big milestone but I am not quite surprised with this because total marketcap can easily grow upto trillions of dollar with 1 trillion Dollar for Bitcoin alone.

Bitcoin still have dominance of 45%+ which might increase really soon.

[Bittoshi]

Current market cap: Market Cap: $153.620.073.508 (according to coinmarketcap.com).

Next milestone: $200.000.000.000

My guess: We will reach it end of 2017. I wonder when we will reach $1.000.000.000.000 market cap. This stuff is crazy. It seems there is no end but there is not unlimited money on earth so it has to stop somewhere.