The accelerated growth of the cryptoactive market, dominated by Bitcoin, has led the main crypto currency to accumulate more value than companies such as Coca Cola, Amazon or Disney; While the expanding universe of electronic currency already exceeds Google's estimated brand value.
If the growth trend continues, the Crypto currency market will rise above the world's most valuable brand, which is currently Apple with an estimated $ 170 billion, according to Forbes magazine's ranking. The scope of the cryptoactive market is valued on Tuesday at 135 billion dollars, a figure that left behind the $ 101.8 billion in which the price of Google's ubiquitous brand is estimated.
In this context, BTC, far from losing ground, has strengthened its dominant position, which currently represents 50.4% of the total weight of the crypto-currencies, with an estimated valuation of 68,101.11 million dollars. This removes the chances that the so-called "flippening", or change in the position of dominance that some models predict for Ethereum at a given moment, will occur. What is not seen in the panorama at the moment, when the value of ETH is close to $ 27.12 billion.
This fact has even led to reviews indicating that the exchange of real value is shown by Bitcoin to overcome the size of companies like Paypal, as indicated yesterday the blog specialist Zero Hedge:
If you look at the evolution of the market value of the more than 800 crypto currencies available today through more than 200 exchange houses around the world, and its expansion over time, explains why they have managed to reach the seat Which currently show:
The volume of transactions registered in the last 24 hours is over US $ 6.19 billion, which has maintained the momentum described above. Crypto currencies are viewed with suspicion by analysts who are wary of facts such as the non-existence of a central bank or issuer responsible for their behavior, while financial giants like Goldman Sachs have recently recommended their clients not to ignore the boom they are experiencing , As it represents immense capital movements with real impact.
In addition, the most recent rally shown in the quote of Bitcoin, which in a few hours reached over $ 4,000 to approach for the first time in its history at $ 4,500 (before a significant decline slightly below the 4K level), also Has given rise to both suspicions of manipulation and arguments in favor of confidence in the main asset.
Events related to the increasing adoption of blockchain technology, its application for different purposes, as well as the acceptance by traditional institutions and institutions tend to favor the behavior of prices; While news related to computer attacks, scams, technological flaws in markets or portfolios, among others, as well as periods of profit taking, usually lead the times of decline.