As the cryptocurrency market continues to gain strength and recover from the slight dip we saw at the end of December, many of the major coins are giving way to an increased amount of interest in alternative,
small market capitalization cryptocurrencies.
Not exact matches
Compared to stocks or bonds, trading activity and
market capitalization among
cryptocurrencies are very concentrated within a
small group of players.
Notably, the dollar amount stolen from Coincheck is likely greater than the amount stolen from Mt. Gox in 2014 (pegged at $ 340 million), though the impact on the
cryptocurrency market will be much
smaller given the immense increases in
market capitalization since.
Top 10
cryptocurrencies by
market capitalization have almost identical graphs and price movement with
small exceptions.
However, the impact on the
cryptocurrency market will be much
smaller given the immense increases in
market capitalization since.
The South Korean
cryptocurrency market accounts for a relatively
small percentage of global Bitcoin trades, but has nonetheless played a crucial role in bringing RIpple's
market capitalization from $ 40 billion to $ 88 billion.
The dollar amount stolen from Coincheck is likely greater than the amount stolen from Mt. Gox in 2014, though the impact on the
cryptocurrency market will be much
smaller, given the immense increases in the overall
market capitalization over the past year.
Cryptocurrency market capitalization dipped to $ 260B, which is the lowest level since November 2017 and three times
smaller than at the beginning of the year.
If you are planning to invest in a wide range of
cryptocurrencies, especially lesser known coins with
smaller market capitalizations, then it is important that you conduct thorough research on those digital currencies before you place that buy order on the exchange.