Cryptocurrency is a digital asset created as a means of payment and is traded in the crypto market. The first crypto made was Bitcoin, released in 2009 as the first decentralized cryptocurrency, and it made a way to this age of cryptos. Since then, there have been various altcoins such as Litecoin, Dashcoin, Ethereum, and Tether.
The Crypto market is always evolving as there is the creation of new cryptocurrencies regularly, even weekly. Therefore, determining the exact market size is hard to figure due to this unstable nature. This complex behavior is always attributed to widespread crypto, privacy protection features, and rapid growth. There is also high-value instability and market illiquidity of many cryptocurrencies.
In January 2018, the estimated crypto market capitalization was between 400 to 800 billion USD. That year, Bitcoin held the top position by a significant margin in terms of transaction volumes having an average of 200,000 transactions daily.
By 2016, crypto’s overall market capitalization was valued under $18 billion; as of 2018, the market recorded a $128.78 billion value. By 2019 Statista reports that the sum market capitalization of crypto had hit $237.1 billion
Market capitalization is the fiscal measure used for openly transacting organizations. It is calculated by multiplying share value by the number of circulating shares.
Investing in crypto
Bitcoin prices have been witnessed to be unpredictable, and most cryptos follow in its steps of surges and troughs. Bitcoin instability attracts investors’ interest, hoping to invest at its low and sell at the peak, earning a yield. This feature of crypto (instability) makes many companies turn it down as a mode of payment.
The crypto market is divided based on the market capitalization of most cryptos. They, however, overlay with significant functions of the monetary and fiscal system. Cryptos experience rapid growth and have a high instability. Due to this and its complexity, ability to support illegal activities, regulators and policy formers are not confident about its being added into the existing system.
Some of the factors leading to crypto market growth include rising visibility, supporting regulations, and increasing investor interest. Other factors such as financial disasters hit hard on traditional monetary systems, and most prefer crypto as they are least affected.
There are various means to be in ownership of cryptos such as mining, trading in exchanges, and Goeth. Goeth is a platform that lets you reproduce the number, thus the value of Ethereum and earning the crypto. It uses a decentralized algorithm; no one person, organization, or government controls its activities.
To get started, create an account and deposit funds into your created Goeth account. From there, there would be gradual increments of the amount such that you earn 200% in 90 days as well as making referral bonuses.