Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple Make Up 70% of Crypto Market

by Daily Hodl Staff
April 18, 2018
in Trading
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎
‎‎‎ ‏‏‎

Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple dominate the cryptocurrency market, representing $241 billion or 70% of the total market cap. The entire cryptocurrency market cap is currently $343 billion, up from $10.5 billion in 2014. The aggregate market capitalization increased by more than 2,500% in 2017 alone.

However, research conducted by Axa Investment Managers shows that despite the massive growth, cryptocurrencies still pale in comparison to the $100 trillion global bond markets and $80 trillion in global equities.

Financial crypto products under management, including the derivatives market that was jumpstarted by the Chicago Board Options Exchange and Chicago Mercantile Exchange in December of 2017, along with investment funds and alternative investment vehicles, are also relatively marginal, at roughly $2 billion to $3 billion.

Bullish analysts see the status quo as a sign that Bitcoin and other cryptocurrencies have massive growth potential, especially if they replace money in the long term. Spurring innovative solutions is the race to beat Bitcoin as the most popular digital currency.

Competitor Bitcoin Cash, the top Bitcoin fork and fourth-largest cryptocurrency by market cap, plans to penetrate brick-and-mortar stores with its MiniPOS service which lets merchants accept Bitcoin Cash directly for in-store purchases.

Ripple delivered news of its software solution xCurrent being integrated by Santander, allowing the bank’s customers to complete same-day international transfers. Although the integration does not include XRP, Ripple’s cryptocurrency, the Ripple’s remittance network is maintaining its leading edge with banks.

Litecoin had a setback when it repealed LitePay, its merchant solution, but reached a big milestone with Mac users with the release of a step-by-step tutorial on how to set up a Lightning Network node for Litecoin on a Mac.

Meanwhile, Ethereum got a boost from NASA. A research project conducted by Dr. Jin Wei Kocsis at the University of Akron and NASA will explore the development of a “decentralized, secure, and cognitive networking and computing infrastructure for deep space exploration” on the Ethereum blockchain.

Investors who are more interested in the underlying blockchain technology than the immediacy of being able to spend crypto at the mall are trying to quantify key factors – adoption, new streams of institutional money and blockchain disruption – to devise the best investment strategies.

Despite its volatility, adoption of Bitcoin has been surging. Institutional dollars are set to roll in and strengthen confidence in cryptocurrencies on the heels of interest from heavyweight investors George Soros and the Rockefellers. Their smart money is betting on crypto assets.

Futurist James Canton and CEO of the Institute for Global Futures, a leading think tank, predicts “an exponential increase of new investment vehicles to come from cryptofinance.” Futurist Thomas Frey says cryptocurrencies will “displace roughly 25% of national currencies by 2030. They’re just much more efficient, the way they run.” And, as reported by The Times of London, Jack Dorsey, CEO of Twitter and payments company Square, said, “The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be Bitcoin.”

ADVERTISEMENT


Check Latest News Headlines


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Submit a Press Release

Crypto Livewire – Press Releases

  • First Charity Project Using NFT: All Profits From Sales of Content Produced by Miss Bitcoin To Be Donated
    April 15, 2021
  • MakiSwap Raises $1.4M From Leading Investors to Build AMM Platform on Huobi Eco Chain
    April 14, 2021
  • DigitalBits To Become Premier Choice for NFTs After Litemint Partnership
    April 13, 2021
  • Ethernity Chain Launches Authenticated NFT Marketplace to Curtail Fraud
    April 13, 2021
  • ConsenSys-Backed Virtue Poker Raises $5 Million Strategic Round
    April 12, 2021
  • Cometh Partners With Alchemix for “Wizards” Collection of Yield-Generating NFTs
    April 9, 2021
  • eToro Appoints Dr. Hedva Ber, Israel’s Former Banking Supervisor, As Deputy CEO and Global COO
    April 8, 2021
Submit a Guest Post
ADVERTISEMENT
ADVERTISEMENT
Bitcoin
$60,615.00
$60,615.00
2.87%
Ethereum
$2,378.00
$2,378.00
2.19%
Binance Coin
$523.01
$523.01
3.69%
XRP
$1.57
$1.57
6.8%
Polkadot
$41.35
$41.35
0.97%
Cardano
$1.39
$1.39
4.51%

Spotlight

  • Three Arrows Capital CEO Tells Crypto Newbie Not To Buy Cardano – Here’s Why
    April 10, 2021
  • Crypto Trader Ben Armstrong Is Buying $100,000 Worth of This Red-Hot Altcoin
    April 14, 2021
  • Crypto Trader Ben Armstrong Is Buying XRP – Here’s Why
    April 11, 2021
  • Raoul Pal Says One Threat May Derail the Bitcoin Revolution – And It’s Not Regulation
    April 15, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX

© 2020 The Daily Hodl

×