Cryptocurrency market

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Cryptocurrency market – is a complex of all existing cryptocurrencies and the infrastructure that provides them. Capitalization of the cryptocurrency market The exchange rate of the currency is very volatile, so the capitalization of the cryptocurrency market is constantly changing, but the long-term trend is rising.

As of November 20, 2017, the total capitalization of the market was $ 243 billion, with more than half ($ 136.9 billion) accounted for by bitcoin, the exchange rate of which on this date exceeded $ 8200 for the first time. For comparison, the total capitalization of the cryptocurrency market in March 2017 was only $ 25 billion.

Among the cryptocurrencies that have shown great growth recently (as of the end of November 2017) Bitcoin Cash, which displace Ethereum from the second place by the price of one coin and as of 23.11.2017 it costs $ 1319.484 with a capitalization of $ 22.147 billion.

Also at the end of November, the Dash currency showed a fast growth, which now comes third with a rate of $ 559.239 and a capitalization of $ 4.3 billion. Ethereum, which for a long time was the second largest cryptocurrency after bitcoin, moved to the fourth place with a $ 365 exchange rate and a $ 35 billion capitalization (upon this indicator, "ether" still comes second).


According to the research by the University of Cambridge, the authors of which collected survey data from almost 150 companies and individuals from 38 countries engaged in cryptocurrency, in the "full time" mode, in the spring of 2017 at least 1,876 people worked in the cryptocurrency industry, but the actual amount is probably more than 2000.

As judged by the results of the survey of employees of such companies, most of them are universal in the cryptocurrency market. Most of all employees work for the companies engaged in the wallet infrastructure, and accrue to the Asia-Pacific region (APR).

The study estimated the number of users of cryptocurrency wallets in the range between 2.9 and 5.8 million people. The number of active wallets is rated from 5.8 to 11.5 million. The boundary between wallets and exchanges is increasingly blurred: 52% of wallets, according to surveys, provide currency exchange functions. However, unlike exchanges, of wallets do not control access to users’ keys. The most popular format is applications for mobile wallets, desktop versions and online wallets, come second and third.

It is difficult to calculate the total number of cryptocurrencies, it numbers into several hundreds.


Geographically, the cryptocurrency market infrastructure is distributed as follows. The largest part is in the Asia-Pacific Region (36%), with half of the world's mining companies accounting for mining – which shows the impact of China as the world's center of mining of cryptocurrencies. Although, prohibitions on mining in the PRC may change this picture. Also there are 27% of companies that provide exchange operations, 19% of wallet operators and one third of all payment operators in the Asia-Pacific Region.

Europe (having 29% of the total market) comes second, although the region is leading in wallet (42%) and exchange operations (37%), and it shares indicators of the volume of payments with the APR. At the same time, only 15% of all miners accrue to Europe: the reason is expensive infrastructure.

North America is not far behind Europe (27%). One third of the miners, 18% of exchanges, 19% of payment transactions belong to USA and Canada[1].


The forecasts for the development of the cryptocurrency market are diametrically opposed, depending on the ratio of analysts to the cryptocurrencies. According to some estimates, in 2018, the volume of the cryptocurrency market may exceed $ 1 trillion, the cost of bitcoin as the main "engine" will reach $ 10 to 14 thousand. The influence of other cryptocurrencies will also grow [2].

At the same time, many experts call the cryptocurrency market a financial bubble, and consider that its high capitalization is not backed up. In this case, they predict a soon reduction of the market.

See also