Cryptocurrencies surpassed $100 billion. On April 1st the total market cap was over $25 billion after 60 days
300 percent increase in value, INSANE. other digital currencies like Ethereum are also responsible for the increase of 439 percent over the last two months. what percent of the entire cryptocurrency market cap is represented by Bitcoin. For years this had always hovered around 80 percent, but in the last few months has fallen to below 50 percent with currencies like Ethereum and Ripple taking its place.
People talk about Bubble ?
It's very difficult if you're a experienced trader and not think of a massive bubble when you see that some asset has increased more than 400 percent in just a few months. It’s just how history works — when an asset rises that fast it’s a near certainty that it will come back down. Markets are irrational, we all know that.
That being said, we may look back in 12 months and realize that this two-month period of insane growth was less of a bubble and more of a rebirth of cryptocurrencies as a whole.
In a other hand the fact that these gains have come from currencies other than bitcoin are a good sign that this is less of a bubble and more of a resurgence of interest in crypto.
Just make sure you’re doing it for the right reasons. Buy cryptocurrency to learn about it and transact with it. Or buy it because you are betting that this new technology will change the world by:
1-Supplanting gold as the main store of value in the world
2-Transforming inter-bank settlements
3-Making international remittance affordable
4-Revolutionizing the fundraising and IPO process
You got the final word, your gain or your lose
