CryptoCurrency Market Capitalizations Exponential Increase

At the time of writing this post, the global market cap for cryptocurrencies is over $162 Billion. Exactly 1 year ago, it was just above the $11 Billion mark. This tells me that user adoption is on the rise big time.

August 2017 saw an increase of almost 100%. It went from $86 Billion to above $162 Billion. I feel that this trend will increase much more in the coming months. Have a look at @KimDotcom recent tweet.

A lot of money from traditional investments is being diverted into the crypto scene at the moment and this will soon go mainstream. Big bankers are probably not very happy about this but there's nothing they can do about it. Crypto is here to stay and i firmly believe that it will compete with fiat currencies around the world. Blockchain technology is a revolution and probably the best invention since the birth of internet.

Just one year ago (August 28, 2016), the price for 1 Bitcoin was $571.40 USD and now, at the time of writing this article, it trades at over $4550 USD. I got into crypto a little over 13 weeks ago, and the return on my investment is incredible. It's never too late to get into this game changer.

You can follow the progression of the market cap on: https://coinmarketcap.com/