Determining the Initial Value of Cryptocurrencies

It is quite obvious that the total market cap of cryptocurrencies has enjoyed impressive growth since their inception. It was able to hit the magic $2trn figure, standing at $2.064trn as at the time of writing. That is close to 2.5 times the value of crypto at the start of this year, 2021, as per coinmarketcap data. While all these huge figures are truly impressive, things haven't been like that. The increased market capitalization has been more of a result…

Factors Driving the Price of a Crypto Project to Skyrocket

Cryptocurrencies continue to showcase outstanding crypto performance since the launch of Bitcoin in 2009. Global investors are looking forward to establishing financial stability with digital assets. Due to the growing interest, crypto prices are making a drastic shift to the top.  Still, in some scenarios, the market trend keeps decreasing for specific periods. A coin's bearish momentum creates fear and panic for users who believe in the future of the asset.  The opposite is a bullish market that records skyrocketing prices of…

Cryptocurrency Market Cap Surpasses $2 Trillion as Crypto is Going Mainstream 

This week, the value of the cryptocurrency market, driven by a major rally, reached the $2 trillion mark. Within two months, the cryptocurrency market capitalization has doubled as retail and institutional investors pile up in the space, according to the price-tracking site CoinGecko. More than 50% of the entire crypto market is accounted for by Bitcoin, the largest digital currency. This year alone, Bitcoin has rallied over 100% and has continued to boost the cryptocurrency market.  Crypto is Finally Gaining…