The total capitalization of cryptocurrencies from the TOP-100 list at the moment is $ 246.453 trillion. It changes daily depending on the market rate of a particular coin. In this case, the term "capitalization" is a numerical value equal to the product of the number of coins and their value. If there are 10 banknotes (or securities) in circulation, each price is $ 1, then the capitalization will be $ 10. If the coin price decreases to $ 0.9, then the capitalization will be $ 9.
The capitalization of cryptocurrencies in 2017 increased significantly due to their greater popularization. Many investors discerned powerful speculative opportunities in them, and therefore invested their money in them. Capitalization is a figure that is highly dependent on the price of one coin. And therefore, their rise in price leads to growth and capitalization itself. These are natural phenomena that allow cryptocurrencies to settle in the niche of market speculation.
TOP-10 cryptocurrencies
The actual capitalization of cryptocurrencies and the rating based on it were taken as of November 22, 2017. The currency of Bitcoin is the leader, while its total value is $ 3,584 trillion. The second line is occupied by Bitcoin Cash, with a capitalization of $ 1.46 trillion. The third line belongs to the currency Etherium, all of whose coins today cost $ 664.76 million. The fourth line is the cheap cryptocurrency Tether, all of which are worth $ 500 million. Dash currency ranked fifth and costs $ 348.11 million in total, followed by Power Ledger, released in the amount of $ 172 million.
Seventh place is Litecoin with a capitalization of $ 154.28 million, and eighth place is Ripple banking cryptocurrency with a total price of $ 150.58 million. Monero took the ninth place of the rating with a capitalization of $ 137.19 million, and the tenth place was taken by Zcash, whose total cost is $ 131 million. It should be understood that the capitalization of cryptocurrencies and their place in the ranking are inconsistent phenomena. They strongly depend on the value of one coin, therefore the place in TOP can constantly change.
The reasons for the growth of capitalization
The successes in increasing the market capitalization of cryptocurrencies in 2017 are closely related to the participation of Chinese investors in the processes of withdrawing capital from China. It is known that it is impossible to implement it through conversion to the US dollar due to legislative prohibitions. And somewhere to keep earned money equivalent to trillions of US dollars against the background of the devaluation of the yuan. As a tool used to save money and withdraw it from China, cryptocurrencies, mainly Bitcoin and ether, were used.
Forecast of changes in capitalization
Obviously, in a situation where the yuan continues to devalue against the dollar, the growth in the rate and capitalization of cryptocurrencies will accelerate. Over the past 3 months, the Chinese yuan won back the position against the US dollar and became stronger, which immediately affected Monero, Zcash and Dash quotes. As it turned out, they were most affected by the return of capital to a growing yuan. Bitcoin did not affect such a fate, since it has already become a speculative instrument, the course of which is supported by demand.
In 2017, he acted as a strong stock with an uptrend. From its price, market capitalization also increased significantly, which will gradually increase for at least another 9 months. If the main states succeed in legalizing cryptocurrencies, their capitalization will increase many times over. However, it will take a long time to wait for recognition, and with it the avalanche-like growth in capitalization of the main cryptocurrencies.