While Bitcoin holds top spot in terms of market capitalization, the broader asset classes of altcoins have seen the market cap of all cryptocurrencies expand by nearly 800 percent to date.
That growth equates to a market cap of $158.5 bln as it stands, which is currently 795 percent higher for the year. This market cap sees cryptocurrencies larger than many national currencies, as well as other major payment networks.
Bitcoin, as the most well know of the digital currencies, has seen huge growth recently with the successful implementation of SegWit. However, while Bitcoin’s market cap accounts for just under 50 percent of the total, it is the general interest in a broad array of altcoins that is pushing the cap higher.
In fact, some coins are seeing such sharp rises that it is astounding many in the community. The likes of Dogecoin, which started as a joke, has a market cap close to $200 mln.
Full story at http://bit.ly/2xuudNx
Source: CoinTelegraph
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