Why The Cryptocurrency Market Has Reached A New Record High

[sanjeev.lamani@]

The total market capitalization (market cap) of cryptocurrencies continues to grow, recently surpassing $170 billion and hitting a fresh, record high.

The total market cap of these digital assets rose to as much as $172.2 billion earlier today, according to CoinMarketCap.

This figure represents a more than 850% increase from their value of $17.7 billion at the start of this year.

Why does this innovative asset class continue to grow?

The crypto market is growing for several reasons, according to analysts.

A steady supply of Initial Coin Offerings (ICOs), a rising number of funds that trade cryptocurrencies and the sustained interest of investors are all contributing to this trend.

Further detail  https://www.forbes.com/sites/cbovaird/2017/08/31/why-the-cryptocurrency-market-has-reached-a-new-record-high/#1813e5da4038

[bearexin]

The total market capitalization (market cap) of cryptocurrencies continues to grow, recently surpassing $170 billion and hitting a fresh, record high.

The total market cap of these digital assets rose to as much as $172.2 billion earlier today, according to CoinMarketCap.

This figure represents a more than 850% increase from their value of $17.7 billion at the start of this year.

Why does this innovative asset class continue to grow?

The crypto market is growing for several reasons, according to analysts.

A steady supply of Initial Coin Offerings (ICOs), a rising number of funds that trade cryptocurrencies and the sustained interest of investors are all contributing to this trend.

Further detail  https://www.forbes.com/sites/cbovaird/2017/08/31/why-the-cryptocurrency-market-has-reached-a-new-record-high/#1813e5da4038

Yes of course the crypto currency has reached a new record. It is due to the high confidence, investing and trust of the people of the world. ifpeople would not take any interest then the price of the bitcoin will not so high.

And it will increase more and more with the passage of time and then it will make record as high as no other crypto currency will even think of reaching to that position.

[Hutalar]

The total market capitalization (market cap) of cryptocurrencies continues to grow, recently surpassing $170 billion and hitting a fresh, record high.

The total market cap of these digital assets rose to as much as $172.2 billion earlier today, according to CoinMarketCap.

This figure represents a more than 850% increase from their value of $17.7 billion at the start of this year.

Why does this innovative asset class continue to grow?

The crypto market is growing for several reasons, according to analysts.

A steady supply of Initial Coin Offerings (ICOs), a rising number of funds that trade cryptocurrencies and the sustained interest of investors are all contributing to this trend.

Further detail  https://www.forbes.com/sites/cbovaird/2017/08/31/why-the-cryptocurrency-market-has-reached-a-new-record-high/#1813e5da4038

Yes of course the crypto currency has reached a new record. It is due to the high confidence, investing and trust of the people of the world. ifpeople would not take any interest then the price of the bitcoin will not so high.

And it will increase more and more with the passage of time and then it will make record as high as no other crypto currency will even think of reaching to that position.

I think this is so because of the awareness among the people and the concept of virtual currency. Those who know about crypto currencies and their uses have started investing in bit coins as it is the most stable and exponentially growing currency in the digital market. And a lot of investments in it has taken the crypto currency market to the new records.

[tobatz23]

Another factor that could be pushing cryptocurrency values higher, is the growing number of hedge funds that focus on these digital assets & the number of crypto market participants is growing exponentially and the first use cases are reaching mainstream adoption.

[Sithara007]

The big difference is that a lot of the institutional investors are jumping in to the scene. Also the demand from China and South Korea have resulted in altcoins such as Ethereum and Ripple zooming to record highs. My guess is that the prices will continue to climb, in the near future. The market cap can hit $1 trillion by 2018 end or 2019.

[NewBet]

The big difference is that a lot of the institutional investors are jumping in to the scene. Also the demand from China and South Korea have resulted in altcoins such as Ethereum and Ripple zooming to record highs. My guess is that the prices will continue to climb, in the near future. The market cap can hit $1 trillion by 2018 end or 2019.

I don't think we hit $1,000,000,000,000 (<- that is a lot of zeroes ) by 2020 even. There is going to be a crash soon as we are in a major bubble, and then it will take a few years until the next exponential jump.

[Kaller]

The total market capitalization (market cap) of cryptocurrencies continues to grow, recently surpassing $170 billion and hitting a fresh, record high.

The total market cap of these digital assets rose to as much as $172.2 billion earlier today, according to CoinMarketCap.

This figure represents a more than 850% increase from their value of $17.7 billion at the start of this year.

Why does this innovative asset class continue to grow?

The crypto market is growing for several reasons, according to analysts.

A steady supply of Initial Coin Offerings (ICOs), a rising number of funds that trade cryptocurrencies and the sustained interest of investors are all contributing to this trend.

Further detail  https://www.forbes.com/sites/cbovaird/2017/08/31/why-the-cryptocurrency-market-has-reached-a-new-record-high/#1813e5da4038

It is actually crazy how Bitcoin has over half of this market (if I am not mistaken). That is a Monopoly, if I have ever seen one.

[Dodoymabs]

The big difference is that a lot of the institutional investors are jumping in to the scene. Also the demand from China and South Korea have resulted in altcoins such as Ethereum and Ripple zooming to record highs. My guess is that the prices will continue to climb, in the near future. The market cap can hit $1 trillion by 2018 end or 2019.

Over the last seven days, the value of one bitcoin is up more than 20%, rising to over $3,500 from $2,854 last Friday.During that time, the total value of its coin supply also rose, climbing in value to $57 billion from $47 billion a week ago.according to coindesk.

[Yakamoto]

The total market capitalization (market cap) of cryptocurrencies continues to grow, recently surpassing $170 billion and hitting a fresh, record high.

The total market cap of these digital assets rose to as much as $172.2 billion earlier today, according to CoinMarketCap.

This figure represents a more than 850% increase from their value of $17.7 billion at the start of this year.

Why does this innovative asset class continue to grow?

The crypto market is growing for several reasons, according to analysts.

A steady supply of Initial Coin Offerings (ICOs), a rising number of funds that trade cryptocurrencies and the sustained interest of investors are all contributing to this trend.

Further detail  https://www.forbes.com/sites/cbovaird/2017/08/31/why-the-cryptocurrency-market-has-reached-a-new-record-high/#1813e5da4038

It is actually crazy how Bitcoin has over half of this market (if I am not mistaken). That is a Monopoly, if I have ever seen one.

Eh, it's not really a monopoly since Bitcoin, while maintaining a very dominant position, iss currently still competing against a lot of other cryptos. You're right in a way though, as Bitcoin is essentially the gatekeeper for altcoin trading, and there aren't many (if any) other ways to enter into the altcoin trading scene if you're not using Bitcoin as a tool. Maybe there is some exchange that allows for you to trade in USD/fiat, and has a high volume. Otherwise everyone is going to be trading altcoins on all exchanges in BTC, forcing new prospectors to purchase it before any other investment.

That's fine by me though.

[yndye]

There are more investors who have seen the potential of blockchain technology that's why a rise in cryptocurrency market. Growth of bitcoin and other alternative coins in the previous months catch the eye of the investors especially those that have deep pockets and some of them considered investing on crypto whether they are making another coin or investing on those existing thus an increase in market. The middle class also have been attracted to enter the crypto market because of the possibility of having a return of capital in a short period of time compared to other traditional investment vehicle.

[pooya87]

for the millionth time it is because altcoins are being created as fast as you blink and market cap for cryptocurrency market is equal to number of coins multiplied by their price and these altcoins create an alarming rate of coins! there are even some with hundreds of billion coins!
you just upload your coin and market cap increases by millions of dollars easily! and that is why this "record" of yours is completely meaningless.

[Svelto]

As we are expecting more people to know about crypto every day, it is normal that the market cap grow. I feel that the market cap will continue to grow.

[yohanip]

as long as we are using this alts as speculations or perhaps investment, and not treating it as the way it should be (intended to) replacing the fiat system, yes we are still on the bubble, which made me wonder. How long till this bubble burst becometh a reality

[Kanapka]

Market cap is misleading, specially when lots of crap alts that surely are manipulated are on the basket.

[Juggy777]

The total market capitalization (market cap) of cryptocurrencies continues to grow, recently surpassing $170 billion and hitting a fresh, record high.

The total market cap of these digital assets rose to as much as $172.2 billion earlier today, according to CoinMarketCap.

This figure represents a more than 850% increase from their value of $17.7 billion at the start of this year.

Why does this innovative asset class continue to grow?

The crypto market is growing for several reasons, according to analysts.

A steady supply of Initial Coin Offerings (ICOs), a rising number of funds that trade cryptocurrencies and the sustained interest of investors are all contributing to this trend.

Further detail  https://www.forbes.com/sites/cbovaird/2017/08/31/why-the-cryptocurrency-market-has-reached-a-new-record-high/#1813e5da4038

Bitcoin works on a economic principle demand and supply, if there is a huge demand and low supply then the prices shoot up, but if supply is more and demand is less prices go down, then it is also effected by global news and most importantly China,. It has also grown cause people like this currency a lot and went and brought a lot, plus its the most secured investment ever.

[hasmukh_rawal]

The total market capitalization (market cap) of cryptocurrencies continues to grow, recently surpassing $170 billion and hitting a fresh, record high.

The total market cap of these digital assets rose to as much as $172.2 billion earlier today, according to CoinMarketCap.

This figure represents a more than 850% increase from their value of $17.7 billion at the start of this year.

Why does this innovative asset class continue to grow?

The crypto market is growing for several reasons, according to analysts.

A steady supply of Initial Coin Offerings (ICOs), a rising number of funds that trade cryptocurrencies and the sustained interest of investors are all contributing to this trend.

Further detail  https://www.forbes.com/sites/cbovaird/2017/08/31/why-the-cryptocurrency-market-has-reached-a-new-record-high/#1813e5da4038

There are tons of reasons why the crypto currency has reached a new record. And i would add that it is due to the high interest and high level of trust & confidence of the traders & investors around the world. It's all depend on supply and demand of Bitcoin all over the world,which govern's it.

As the days are passing there will be increasing demand and awareness of bitcoin among thepeople.Which will create a rise in Bitcoin  value and price.And that's the reason we can say in future cryptocurrency  will surely touch more & more record high value's .

 

[whitemacna]

Yes of course the crypto currency has reached a new record. It is due to the high confidence, investing and trust of the people of the world. ifpeople would not take any interest then the price of the bitcoin will not so high. I think this is so because of the awareness among the people and the concept of virtual currency. Those who know about crypto currencies and their uses have started investing in bit coins as it is the most stable and exponentially growing currency in the digital market. And a lot of investments in it has taken the crypto currency market to the new records.