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Overview of Cryptocurrency Market

<br>Cryptocurrencies didn’t always have a clean image in the financial world. In fact, at the time of introduction of these cryptocurrencies such as Bitcoin and others, these were seen to be one of the preferred financial media for ransomware creators and terrorists. The whole concept of cryptocurrencies did come forward in a very negative way. more info visit https://etherecash.io/

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Overview of Cryptocurrency Market

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  1. Overview of CryptocurrencyMarket Cryptocurrencies surely become one of the topics of today. Along with all the money transfer roll been combined with technology and the internet, cryptocurrencies are really making their way into the common lives and proving themselves to be the beginning of an era. Some even refer to it as ‘the next internet'. With that being said, it would be amazing to know that recently, the market cap of bitcoin did exceed $70 billion. With ever gaining popularity, it is generating great revenues and added advantagestoo. What is cryptocurrency anyway? It can be termed as digital money which is maintained and flows over the internet without the participation of any bank or centralised systems. The various cryptocurrencies available for use today are bitcoin, Ethereum, litecoin, dash, NEM, NEO, IOTA,Monero. The prices of these cryptocurrencies increase or decrease daily or even hourly. It is known that bitcoin and Ethereum usually only have small variations and therefore less loses. On the other hand, litecoin and dash have been seen experiencing good noticeable pricevariations.

  2. The market cap of these cryptocurrencies are asfollows: Bitcoin: Bitcoin is leading the cryptocurrencies with a market cap of around $69,333,197,783 USD. The 24-hour moving volume for this is $1,165,480,000 USD. Bitcoin has been experiencing a circulating supply of around 16,604,487 BTC. The price per bitcoin is $4,175.57USD. Ethereum: Ethereum dabs the second place with a market cap of around $27,469,678,856 USD. With a 24- hour moving volume of $274,784,000 USD. With a circulating supply of around 94,958,134 ETH, it is priced at $289.28 USD perEther. Ripple: At number 3, lies the Ripple with a market cap of around $8,541,512,562 USD. Taking a 24-hour moving volume of $274,386,000 USD. It is presently having a circulating supply of around 38,343,841,838 XRP with pricing starting at $0.222761 USD perXRP. BitcoinCash: The Bitcoin Cash holds a market cap of around $5,817,295,707 USD, with a 24-hour moving volumeofabout$293,491,000USD.Withacirculatingsupplyof16,662,263BCH,itispricedat $349.13 USD perBCH. Litecoin: Litecoin currently dabs a market cap of around $2,700,562,523 USD, with a 24 hour moving volume of $81,585,600 USD. It presently has a circulating supply of 53,236,132 LTC, and a price of $50.73 USD per LTC. Dash: Dash is right behind Litecoin with a market cap of around $2,271,382,776 USD. It has a 24-hour moving volume of $42,673,400 USD and is currently circulating a supply of 7,602,242 DASH, and a price of $298.78 USD perDASH. NEM:

  3. NEM holds a current market cap of around $1,923,390,000 USD and a 24 hour moving volume of$2,319,530USD.Itcurrentlyhasacirculatingsupplyof8,999,999,999XEMandispricedat $0.213710 USD perXEM. NEO: NEO holds the market cap of around $1,473,965,000 USD, along with a 24-hour moving volume of$62,425,800USD.Itpresentlyhasacirculatingsupplyof50,000,000NEO,andapriceof $29.48 USD perNEO. IOTA: IOTA again dabs a current market cap of around $1,456,034,703 USD, along with a 24-hour moving volume of $8,346,040 USD. It is currently having a circulating supply of 2,779,530,283 MIOTA, and a price of $0.523842 USD perMIOTA. Monero: Monero comes at number 10 with a market cap of around $1,350,173,947 USD. It has a 24-hour moving volume of $27,559,900 USD with the current circulating supply of 15,173,477 XMR, and a price of $88.98 USD perXMR. As is clear from the records above, the cryptocurrency market is going towards only one direction, and that is upwards. Although all the digital currencies run in the competition and are being ranked based on their circulation, new digital currencies are also being created. Without a doubt, Bitcoin and Ethereum continue to be at the 1st and 2nd place, respectively. With the enormous popularity that the bitcoin has gained, there seems to be no chance for any of the lower currencies to beat it anytime soon. Preference goes the most with it since it has been seen fluctuating the least. However, competition manages to grow and the cryptocurrency market, in general, continues to gain fame andrecognition.

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