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Author Topic: [2017-12-06]Monthly Cryptocurrency and ICO Market Analysis [November 2017]  (Read 997 times)
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December 06, 2017, 01:04:10 PM

During November 2017 and the first three days of December, total cryptocurrency market capitalization increased from $182.65 billion to $329.1 billion (see Table 1.1). Since November 1, 2017, market capitalization has increased by more than $145 billion, mainly due to the increase in Bitcoin capitalization from $107.3 to $185.3 billion, i.e. by $78 billion. For its part, altcoin capitalization increased over the same period from $75.4 billion to $143.8 billion, i.e. by $68 billion. The increase in altcoin capitalization was driven by the exchange rates of Ethereum, Bitcoin Gold, Cardano, Ripple, Litecoin, IOTA, Dash, Ethereum Classic, Monero, NEO, NEM, etc., meaning that during the analyzed period the capitalization of all the top ten cryptocurrencies increased.

November was a productive month for the cryptocurrency market, marked by several successful cryptocurrency hard forks and positive news, including the announcement by CME Group of the launch dates of Bitcoin futures. The growth in all dominant cryptocurrencies during November ranged from 25.3% (XRP) to 215.3% (BCH). The Bitcoin, Ethereum, Bitcoin Cash, and Litecoin exchange rates increased by 58.3%, 45.6%, 215.3%, and 57.9%, respectively.
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