The combined market capitalization of all cryptocurrecnies has reached $500 bln, CoinTelegrap reported.
On December 15, 2016 - almost exactly one year ago - the total market cap stood at around $15 bln.
Today’s price movements bring the total return of the entire sector to about 3,333%, year-over-year.
Today, the top ten digital currencies and their market caps are: Bitcoin (Bitcoin), $292.7 bln, Ethereum (ETH/USD), $58.8 bln, Bitcoin Cash (Bitcoin.Cash), $27.5 bln, Litecoin (LTC/USD), $18 bln, Ripple, $14.6 bln, IOTA, $12.8 bln, Dash, $7 bln, NEM, $5 bln, Monero (XMR/USD), $4.7 bln, Bitcoin Gold, $4.6 bln..
Last year, two of these currencies (Bitcoin Cash, Bitcoin Gold) didn’t even exist, and at least one (IOTA) was only traded over-the-counter at incredibly low prices.
At that time, only the top five cryptocurrencies had breached the $100 mln market cap level; today the top 23 digital currencies have over $1 bln in market cap.