The total value of digital currencies has dropped by more than 50 percent this year, according to CoinMarketCap.
Not exact matches
Since 2009, when Bitcoin became the first decentralized
digital currency and numerous altcoins started to emerge, the market cap term has also come into common use to describe the
total dollar market
value and available supply
of the
total amount
of digital currency in circulation.
The
value of Digital Assets may be derived from the continued willingness
of market participants to exchange fiat
currencies for
Digital Assets, which may result in the potential for permanent and
total loss
of value of a particular virtual
currency should the market for that virtual
currency disappear.
The
value of digital currency may be derived from the continued willingness
of market participants to exchange fiat
currency for
digital currency, which may result in the potential for permanent and
total loss
of value of a particular
digital currency should the market for that
digital currency disappear;
The
value of Digital Assets may be derived from the continued willingness
of market participants to exchange fiat
currencies for
Digital Assets, which may result in the potential for permanent and
total loss
of value of a particular virtual
currency should the market for that virtual
currency disappear.
The price surge also saw the
total value of Ripple grow to $ 11 billion, briefly making it the third most valuable
digital currency behind bitcoin and Ethereum.
The
digital currency broke the $ 5,000 barrier in early September, propelling the
total value of publicly traded cryptocurrencies — including bitcoin, Bitcoin Cash and Ethereum — to more than $ 176 billion.
Due to the rapidly changing price
of digital currencies, some customers may not have sell limits that are sufficient relative to the
value of total digital currency they are storing on Coinbase.
Market capitalization refers to the
value of the
total supply
of a particular cryptocurrency in the market multiplied by the current dollar price
of the
digital currency.
The
total market
value of all
digital currencies was $ 121 billion Friday, according to CoinMarketCap.