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   983

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. 

DROXNE to Release Roadmap

Droxne has announced that it is working on the white paper and roadmap, which will be released on February 20, 2018
20 February 2018   202

Droxne is a peer-to-peer crytpocurrency gaming platform which uses DRXNE as its ingame currency. DRXNE is a decentralized and open-source cross platform cryptocurrency dedicated to enhancing the gaming experience on the blockchain for all users.

Droxne has announced that its team is working on the white paper, roadmap, ecosystem website and a new platform work stream. Droxne plans to release the full version of its roadmap on February 20, 2018.

DROXNE roadmap release announcementDROXNE Roadmap Release Announcement

The other future development plans of Droxne include building new Droxne website, integrating APIs to show DXRNE price, PoS difficulty, sharing count on website homepage. Moreover, it strives to build a developer fund to facilitate payment of bounties – initially community donations, long term explore funding with portion of staking income.

At the moment of press, these are main market parameters of DROXNE:

Average price: $0,015766
Market cap: $1 057 791
24h volume: $3 330