The total capitalization of all digital currencies and tokens for the first time exceeded $ 800 billion this Saturday, becoming one more step closer to the key mark of $ 1 trillion.
Along with this, the trading volume has significantly increased: over the past day, traders have made deals for $ 50 billion, and $ 20 billion accounted for the bitcoin market. Leading continues the Binance exchange with $ 7.6 billion.
Capitalization of 41-st cryptocurrency exceeds $ 1 billion, and the capitalization of the top 10 is $ 10 billion, which was difficult to imagine even a few months ago.
The growth of the segment’s capitalization can also speak of an increase in the number of investors interested in digital assets. Recently, the most outstanding indicators have been demonstrated by cryptocurrencies with a high volume of emissions, in particular Ripple. Some suggest that new investors mistakenly consider them to be cheap, while ignoring the capitalization indicator.
The volume of emission of 6 out of 10 leading cryptocurrencies is about 10 billion coins or exceeds this value, and one of the most obvious examples of market irrationality is NEM, which has not appeared so often in the news so often, which, incidentally, does not prevent it from taking the seventh line in the list of the largest cryptocurrencies. But NEM at least has a blockchain and working product, unlike the ninth largest TRON cryptocurrency, the achievements of developers which are limited only to the creation of white paper.
Another interesting example is Dogecoin, the thirtieth largest cryptocurrency, named after the meme “Doge”, whose rate has increased by another 50% over the past day. Along with this, its capitalization approached $ 2 billion, and the price of 1 Dogecoin exceeded $ 0.015 with an emission of 112 billion.