What is the total Cryptocurrency market cap?
The total market value of cryptocurrencies pushed past $2 trillion for the first time, doubling in about two months amid surging institutional demand. Bitcoin, the largest of the more than 6,600 coins tracked by CoinGecko, is worth more than $1 trillion alone after its price more than doubled in 2021 to $58,858.
Similarly, how much is the Crypto market worth?
The combined gains pushed the cryptocurrency market above $2.2 trillion – $10 billion above Apple's market cap. Bitcoin alone is now valued at more than $1.2 trillion, ranking it above Facebook and Tesla, having risen in price by more than 1,000 per cent since April last year.
Hereof, will Crypto market cap reach 1 trillion?
Historically, it's taken multiple decades for companies to be worth $1
|Asset||Time To Reach $1 Trillion||Current Market Cap|
|Bitcoin||12 years||$1.1 trillion|
What will ethereum be worth in 2030?
CoinPrice forecasts Ethereum will hit a whopping $5,000 (£3,598.75) by the end of 2030. The report further indicates the price of the crypto coin will hit $10,000 (£7,197.50) by 2023 before crossing the $20,000 (£14,399).
Top 5 Cryptocurrencies that are Best for Crypto Day Trading
- Tether (USDT) Priced at $1, it is considered to be one of the best cryptocurrencies. ...
- Ethereum (ETH) After bitcoin, Ethereum is the most popular cryptocurrency in the world. ...
- Binance Coin (BNB) ...
- Tron (TRX) ...
Bitcoin dynamo Satoshi Nakamoto
DOGE, the coin that rose to prominence earlier this year thanks to Elon Musk, is the cheapest cryptocurrency to purchase in 2021. Dogecoin is currently one of the cryptocurrencies that many analysts consider to be a viable investment option.
Litecoin was launched in 2011 and co-founded by a former Google engineer. It allows for fast, low-cost global payments through its decentralized network. It is supposed to be a faster version of Bitcoin with a larger supply of coins, which led it to often be likened as “the silver to Bitcoin's gold”.
“The idea that it's actually worth something is continuing to grow as adoption and acceptance continues to grow as well.” Ultimately, the future of cryptocurrencies — their value, security, and staying power — is still up in the air. But the experts we spoke to believe owning some crypto could create value over time.
|Known for||Inventing bitcoin, implementing the first blockchain, deploying the first decentralized digital currency|
|Fields||Digital currencies, computer science, cryptography|
Due to their nature, cryptocurrencies are not regulated, which carries risk of market volatility and loss for investors. However, the security risks and risk of fraud when using Bitcoin and other cryptocurrencies are vastly reduced. Also, due to the highly secure nature of transactions, purchases cannot be traced.
Bitcoin, the world's oldest and the biggest digital asset, is synonymous with cryptocurrency. Created in 2009 by an unknown person using the alias Satoshi Nakamoto, this digital currency had hit the level of $1 for the first time on 9 February 2011.
Since hitting a lifetime peak of more than $61,000 in mid-March, bitcoin has traded in a relatively narrow range. Analysts said as long as bitcoin stays above $53,000, it will be able to maintain its $1 trillion market cap.
Since there are only 21 million Bitcoins in total, there is less circulation of the market currency as the reward decreases. And as more people become aware of the asset's scarcity, more demand rises, resulting in a higher price.