February 2021 has finally become the most successful month in the history of the digital money market. Bitcoin and Ethereum have reached new record highs. The entire cryptocurrency market continues to grow rapidly in terms of indicators. The natural result of all this sudden explosion of digital assets was a new record of total capitalization. The value of the cryptocurrency market reached $ 1.413 trillion and surpassed the capitalization of the IT giant, Google.
The total value of Alphabet shares, the parent company of Google, is $ 1.404 trillion. Despite the rapid but steady growth of the cryptocurrency market, it is still far from Apple ($2.2 trillion), Microsoft ($1.8 trillion), Amazon (1.6 trillion). At the same time, the total capitalization of the cryptocurrency market may well exceed the figures of Microsoft and Amazon. Analysts have made such a conclusion by the current performance of the main digital assets, which hold their record highs after a slight decline.
The position of Bitcoin and Ethereum, the largest digital assets by capitalization, single that the cryptocurrency market will continue to expand. The main features of the current growth of digital assets are the increasing demand from large investors and, at the same time, the gradual introduction of cryptocurrencies into the work of companies providing various services and products (Tesla's statement about bitcoin and the ability to lease the XRP token to customers of the Japanese SBI Group).
Amid favorable circumstances and without severe price corrections, all these factors will help to increase the total capitalization of the cryptocurrencies to the highest levels. At the same time, bear in mind other virtual assets, such as Litecoin. They did not fall prey to the general euphoria of the market. So, they will soon continue to grow actively and will be an attractive asset for investors thanks to their relatively low volatility and stability in the market. Despite the lawsuit of the SEC, XRP will also gain ground. The coin receives support from major Asian investors. Therefore, even legal problems will not significantly affect the token.
