Cryptocurrencies Show Just How Nuts Things Have Gotten
wolfstreet.com / by Wolf Richter •
Up 7,000% in two months, then it crashes.
The market capitalization of Ethereum, the second largest “cryptocurrency,” has soared 88% in a week, from $8.4 billion, when I pooh-poohed it on May 15, to $15.8 billion at the moment. Today, the price of the token jumped 15% to $172.26, as I’m writing this. It has skyrocketed 2,000% from January 1 when it was $8.15, and 25,000% since September 2015, when it was $0.68. A veritable miracle of creating wealth out of nothing (chart via WorldCoinIndex):
The post Cryptocurrencies Show Just How Nuts Things Have Gotten appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/22/cryptocurrencies-show-just-how-nuts-things-have-gotten/
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