Hey Steemians, I am gonna be short today!
The cryptocurrency market continues its growth, reaching over $ 230 billion in capitalization, the absolute maximum. Bitcoin confirms the dominant crypto constituting 55.5% of the total market, while Ethereum and Bitcoin Cash are respectively 14% and 10% respectively.
After the recent drop in Bitcoin due to the lack of update to SegWit2X, which caused the dissatisfaction of Bitcoin Cash, the first cryptocurrency rises to almost $ 8,000, with a capitalization of $ 128 billion, it's a record. The Ethereum system grew to $ 32 billion in capitalization with a fairly stable value of $ 330, while Bitcoin Cash is currently worth about $ 1,200, with a capitalization of $ 22 billion.
The real giant step was taken by the Chinese cryptovalue NEO, which increased capitalization from $ 2 billion to $ 3 billion from November 17th to November 18th, reaching a value of about $ 47. Growth was caused by several rumors circulating on Reddit, from which it is understood that NEO would be officially supported by the Chinese government, news that circulates from the hypothetical announcement that the company should do after NEO in 2 days. A more detailed description of NEO's situation can be found at this link.
If you are unfamiliar with the world of cryptocurrency, I recommend the help of everyeye explaining the basic principles of Bitcoin so that you can understand how a decentralised system works, ie Blockchain below most digital coins.
And you, what do you think about NEO and GAS? Are you currently investing on the technology and not only on the currency?
Thanks for you comment! It made me thinking about new posts.
Best
Francesco
