Do Higher Prices Make Crypto-Assets Crypto-Currencies?
marctomarket.com / by Marc Chandler / May 23, 2017
There has been a surge of interest and activity in the what have been dubbed crypto-currencies. According to the Economist, the market cap for this space is around $60 bln, and a founder of the one of the crypto-to-crypto exchange estimates daily turnover is as much as $2 bln.
Some of the price action is breath-taking. The most well-known are the Bitcoin. The price surged 140% last year and is up nearly as much already this year. The Bitcoin accounts for around half of the market cap for crypto-currencies and acts as the numeraire for others that are linked to it.
The Bitcoin’s appreciation has percolated into the mainstream media, but it is not the only one that appreciated dramatically. Ripple, for example, began the month with a market cap of around $2 bln. It was recently at $13 bln. Ethereum was worth about $700 mln in January and recently was valued at more than $8.5 bln.
The post Do Higher Prices Make Crypto-Assets Crypto-Currencies? appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/05/23/do-higher-prices-make-crypto-assets-crypto-currencies/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
| Online: | |
| Visits: | 1,605,671,642 |
| Stories: | 8,137,992 |
Whistler Blowers, Insiders
