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Author Topic: [2017-09-15]Monthly Cryptocurrency and ICO Market Analysis  (Read 1803 times)
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September 15, 2017, 10:33:06 AM

Table 1.1. shows data as of the start of Q1 and Q2 2017 (Jan-17 (Q1) and Apr-17 (Q2)), and as of the start of July (Jul-17 (Q3)), August, and September (Aug-17, Sep-17) of this year. In the first 8 months of 2017 the total cryptocurrency and digital assets market capitalization (total cryptocurrency market capitalization) grew from $17.67 billion to $171.64 billion, increasing almost tenfold. In Q1 the capitalization growth was only 33.62%, although it went up to 73.06% in Q2, and reached 47.83% in August.

Bitcoin capitalization grew fourfold and reached $76.53 billion (from $15.48 billion at the start of the year). Other cryptocurrencies grew even more significantly. In the 8 months of 2017 Altcoin (Bitcoin competitor) market grew from $2.19 billion to $95.11 billion – an increase of over 40 times. The Altcoin’s market share (dominance) is now over half of the capitalization of the entire market (52.44%).

Of all Altcoins Ethereum is the cryptocurrency most in demand, its market share (dominance) grew to almost 20%, while in the same 8 months its capitalization increased 46-fold and reached $33.57 billion.
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