Crypto market analysis
Year 2016 has been a very promising year for the growth of the Cryptocurrencies. $150 Billion is the all time high for the complete net worth of all the Cryptocurrencies in the world today that is a significant achievement. Nobody estimated such huge potential in the technology space when it got connected to the virtual currency i.e. Cryptocurrency.
Source: CoinMarketCap
The market cap for all cryptocurrencies and blockchain assets have grown by whopping 1,240% year on year as compared to year 2016.
Lets do some maths
If the cryptocurrencies perform even half of the year on year growth in 2018 then what will prices look like (assuming an even growth spread for each currency as per today's price):
Stats for 2018 will look like
Combined market cap for all cryptocurrencies: $225 Billion
1. Bitcoin market cap: $104 Billion
Coin Circulation: 17,062,500
Approx price per coin: $6095
2. Ether market cap: $45 Billion
* Coin Circulation: 118,191,946
* Approx price per coin: $380
3. Bitcoin Cash market cap: $16.35 Billion
* Coin Circulation: 17,062,500
* Approx price per coin: $958
4. Ripple market cap: $16.05 Billion
* Coin Circulation: 38,343,841,883
* Approx price per coin: $0.4185
5. IOTA market cap: $3.7 Billion
* Coin Circulation: 2,779,530,283
* Approx price per coin: $1.33
Future?
- The above price analysis is purely based on statistics and assumption that the growth spread is even among all currencies.
- This analysis is performed based on average case analysis and is undervalued (in my opinion).
- The top 5 currencies position may change based on the market supply and demand.
- New entries to the crypto space have already shown mettle to reach top 10 in couple of months like Neo.
- Technology is evolving and we may see QTUM making space in top 10, based on the potential their concept has.
- Stratis may also explode since it is a close competitor for Neo and has potential to reach top 10.
Should change - approx. price per coin, not bitcoin - right?
I think the options that the growth spread will be even are however close to zero. Each coin is own story. ETH looks low at 380, BCC if it will become more profitable to mine than BTC will probably also grow much more.... who knows, good to hold a nice portfolio and wait years to see what will happen.
@twister I agree with the points, therefore, I have put a "Future?" section that is a mystery; we have seen a lot of juggling in the top 10 positions for this year. I feel that the technology is the changing rapidly, each day it is evolving and getting better. Who knows if there is even better blockchains then ether and bitcoin.
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