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   1703

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. 

1st Alternative Zcash Client to be Created by Parity

The responsibility for the continued development and support of the new client called Zebra will be with the Zcash Foundation
18 June 2019   126

The leading developer of solutions for the Ethereum ecosystem, Parity Technologies, presented the first alternative client for cryptocurrency Zcash.

A new client called Zebra is designed to improve the security of the Zcash network. So, if the original Zcashd client will not be able to operate for some reason, the blockchain will be supported by nodes on Zebra.

In addition, with the help of an alternative client, developers will be able to identify bugs and eliminate defects in consensus.

The community wins across the board, as there are now more core developers working on clients, with more interests represented and clients taking different approaches on how to build apps on top. Zcash can now boast a more diversified community that can effectively tailor experiences for Layer 2 developers as well as end-users.

Fredrik Harryson
CTO, Parity Technologies

The responsibility for the continued development and support of the Zebra will be with the Zcash Foundation.