Cryptocurrency market cap surpassed $500 billion

The volume of total market capitalization of cryptocurrencies has climbed up to the point of $513 billion and the leading cryptocoins continue to grow in price
14 December 2017   737

The total market capitalization of cryptocurrency has reached another milestone breaking the point of half trillion USD. The volume of market capitalization reached the mark of $500 billion on December 12 and currently continues to rise.

Global market capitalisation chartsGlobal Market Capitalisation Charts

In the meantime, Bitcoin remains dominant over all other cryptocurrencies having the dominance index of 54,9%. Nevertheless, altcoins are starting to gain better positions becoming more dominant than they used to be. For instance, the dominance index of Ethereum is 14,09% and dominance of Bitcoin Cash is 6,21% as of December 14, 2017.

Percentage of total market capitalization dominancePercentage of total market capitalization (dominance) during past 3 months

What is more, all top cryptocurrencies have shown the notable price rise during past week, and the leaders in the increase of price are Litecoin, which rose 205% reaching the price mark of $295, and Ripple, whose price grew 163% to the point of $0,59.

Top cryptocurrencies list ranked by market capitalisationList of top cryptocurrencies ranked by market capitalisation

The total volume for the past 24 hours has exceeded the mark of $35 billion.

Previously, we have reported that in the beginning of November, the total market capitalization of cryptocurrencies exceeded $200 billion, which shows that market cap faced an unexpectedly rapid increase only within one month and a half, growing by more than $300 billion.

At the moment of press, the total market capitalization is $513 650 528 354.

UCLA Blockchain Crypto Conference to be Held in LA

The UCLA Conference will be held on February 17-18 of 2018, gathering together the most experienced and exciting thinkers
17 February 2018   231

UCLA's Blockchain Lab and Far from LA are holding the Blockchain Cryptocurrency Conference, gathering together the most experienced and exciting thinkers across SoCal, in order to foster both economic and educational progress. The conference will concern cybersecurity, cryptocurrencies, and blockchain.

The UCLA Conference will be held on February 17-18 of 2018.

Location: The University of California, Humanities Building, 415 Portola Plaza, UCLA 90095, Los Angeles

The headline speakers will include Kathleen Breitman, the co-founder of Tezos; Sandra Ro from UWIN Lab; David Moss from EOS; Jeremy Rubin, the Bitcoin core developer, and many more.

The agenda of the conference is as follows: the future of blockchain keynote, bringing humanity to the blockchain, cybersecurity, autonomous vehicles, blockchain's influence on the development of art and culture, blockchain in the music industry, government adoption of blockchain around the world, and more.