Analysts predict the growth of cryptocoins market to $10T

RBC Capital Markets analysts Mitch Steves and Amit Daryanani are conviced that cryptocurrency market will continue to grow up to 20 times
15 December 2017   1308

Analysts of the investment bank RBC Capital Markets Mitch Steves and Amit Darianani are convinced that the current boom in the market is only gaining momentum, and the total capitalization of cryptocurrencies will eventually grow about 20 times. This is reported by Yahoo Finance.

On a near-term basis we think it is quite difficult to make price statements which is why we are flagging the move now in the case that it sustains. Longer term, we think crypto currencies are here to stay and will likely become a large market (our long-term estimate for the Crypto Currency space is in the $10 Trillion dollar range versus ~ $500B today).

Mitch Steves and Amit Daryanani

Analysts, RBC Capital Markets

Also representatives of the Royal Bank of Canada investment department are convinced that the rapid growth of the crypto currency market is "excellent news for Nvidia", whose video cards are in demand among the miners.

Total Market Capitalization
Total Market Capitalization

As you can see on the chart above, rapid rise of cryptocurrency market started at summer 2017. At the beginning of the year, cryptocurrency marketcap was around 14$B. At the moment of press, it is $511B. 

Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   113

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.