The world of cryptocurrency is undoubtedly a mad world. Whoever invested $1 million at the beginning of this year in Bitcoin has now become a billionaire, and whoever invested one dollar in 2009 would now have roughly $15.9 million.
This is the case of the world’s most popular cryptocurrency, where it now able to buy thousands of commodities and minerals, having been not insufficient to buy a meal in a restaurant or even buy a bottle of gas or mineral water.
This currency (along with all other crypto-currencies, generally speaking), can carry very high risks, however. Many central banks are claiming that they are extremely difficult to monitor, and can be used in money laundering and other risky transactions.
Around 1337 cryptocurrencies are now being traded around the world, with a total market value of about $436 billion, according to the trading data on Saturday (December 9th). Bitcoin is the most heavily traded digital currency in the world, with a total value of $266 billion. Of the 1,337 coded currencies, 17 have a market value of more than $1 billion each. The market value of the 17 currencies is about $405 billion, accounting for 93% of the total market value of the digital currencies. 6 of these currencies represent about 85% of the total market value of all virtual currencies, valued at 370 billion dollars.
The PeepCoin currency has seen a huge growth in only 24 hours – more specifically, by 6050%, which happened last week, reaching the price of $0.000154 on Saturday.
The huge recent gains in the world of cryptocurrencies coincide with the announcement by the Chicago Mercantile Exchange (CME), the largest futures exchange, that the new futures for Bitcoin investing will be available for trade on December 18. NASDAQ also plans to offer futures contracts Bitcoin in its markets by the second quarter of next year. The Commodity Futures Trading Commission (CFTC) gave its approval for future contracts in Bitcoin for both CME and CBOE.
Bitcoin has jumped by 1542% since the beginning of 2017. It was priced at $968 at the end of 2016, reaching a record breaking price of $14930 yesterday. The return on investment in CME has increased by nearly 16,000,000% to $15898, after its first official price was $0.001, back in 2009.
The second place is currently held by Ethereum, a cryptocurrency currently priced at $489, with a market value of $47.1 billion, accounting for 10.8% of the total market value of digital currencies.
Bitcoin Cash comes third, with a unit price of about $1472, occupying a market value of $24.8 billion, meaning 5.7% of the total market value. The IOTA coin is priced at about $5, and has a market value of $14 billion, constituting 3.2% of the total. On the fifth place, we have the Ripple currency, at a unit price of $ 0.3, with a market value of $ 9.8 billion, accounting for 2.2% of the total, Litecoin is next at $158.6 per unit, market value of $ 8.6 billion, accounting for 2% of the total.
The rest of the digital currencies share less than 2% of the total market value around the world, altogether.
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