Electronic money is growing popular with every passing day. Nowadays, the total volume of all active cryptocurrencies has reached the record level of $160 billion and this is not the limit. Such a tremendous result has been attained due to a rapid rise in the exchange rates of the Bitcoin and the Ethereum.
The bitcoin, which contributed the most to a growth in popularity of cryptocurrencies, breached another record high, skyrocketing above $4,700. The ethereum gains momentum as well, approaching the recent peak above $400. It is set to extend its gains. Coinmarketcap.com, which monitors the dynamics of 853 cryptocurrencies, says that the capitalization of 11 of them is estimated at more than $1 billion. Surely, the first on the list is the Bitcoin with $73.735 billion. The Ethereum is on the second place with the capitalization of $34.067 billion. The Bitcoin Cash, which appeared as a result of a split in August, is on the third place with $9.612 billion. Besides, the Ripple, the IOTA, the Litecoin, and the NEM, as well as the Dash, the NEO, the Ethereum Classic and the Monero are also the top performers on the cryptocurrency market.
The total value of cryptocurrencies hit a new peak last week owing to rapid appreciation of particular altcoins. Thus, the Ripple added 47%, the NEO was up by 23%, and the Ethereum Classic advanced by 10%. Most analysts say that the level of $160 is not the limit, so a rally on the cryptocurrency market is likely to continue.
