After a slump in the crypto market, the cryptocurrencies have begun to spike in values. Almost, all the top cryptocurrencies dipped below their all-time high values couple of weeks ago. Bitcoin dipped below $7000 for the first time since November 2017. Now, they have started to gain values and the experts are hopeful that there would be a bull run. Most of the crypto experts agree to the point that crypto market share will hit $1 trillion in 2018. They are of the view that bitcoin alone will cross $50,000 in this year.
A month ago, there are more than 1300 cryptocurrencies in the world with a market cap of $500 billion. Blockchain CEO says that this market cap may double by the next year. He says that the cryptocurrencies’ total market cap would hit $1 trillion in 2018. But, he has shown no confidence in whether it would hold this value or not. He is confident that this milestone would be reached.
Here, it is worth mentioning that bitcoin is the largest cryptocurrency of the world. Its market cap is almost the half of the total market cap of all the cryptocurrencies in the world. The market cap of bitcoin is $317 billion. Ether and Ripple XRP are the two next in the line.
There are also some market players who are expecting that market cap of bitcoin alone may hit $1 trillion. In spite of crypto market crash, world’s largest companies are joining the platform of different cryptocurrencies. LianLian is one of the largest and latest firms to join Ripple’s xCurrent platform.
The experts are hopeful that reliability, security, and speed of cross-border transactions in the crypto market will attract more and more companies to join their blockchain network.