Hello Steemit friends,
today we reach
$170 billion market cap
in the cryptospace! Bitcoin is $4,660 and Ethereum at $382. That are impressive numbers!
If we look back just to
January 1st 2017
coinmarketcap.com
We had a 4.88x increase of the Bitcoin price in just 8 months!
coinmarketcap.com
We had a staggering, mind blowing 45,76x increase of Ethereum price in just 8 months!
Now many people say we are within a bubble. That's possible, but if i look long term then it's for me maybe just a hickup in the chart. Because if i take a point of view in the
Innovation Adoption Cycle of Cryptocurrencies
then i think we are still in a relatively early phase. Look at the green area in the next chart. First well established products are on the market but there is still huge potential for market penetration in many areas. We see that currently due the ICO frenzy where all the ideas popping out of the sky!
chart by author
If i'm right we see another steep rise in price, maybe not short term but in the long term until we are in the Early majority phase where all known companies are begin using well established products in the blockchain.
What do you think, i'm right or wrong?!
If you like the read please follow me and vote me up! Thank you!
see also my other posts
FUTURE IS COMING .. EOS .. PREPARE FOR 2018!
PEOPLE DRIVEN BY PURE JOY - HOW WE CHOOSE THE WAY WE LIVE .. AND DIE EVENTUALLY
Exciting times ahead steemit friends!
3D logo steemit recreated by author
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unmarked pictures/animation from giphy.com, pixabay.com