The value of Bitcoin and most altcoins has seen a steady increase in the past 72 hours. As of April 15, 2018, 7PM EST, Bitcoin showed a market cap of $141,310,272,089 and the total market cap for all cryptocurrencies was at $335,880,132,452.
Where is the market headed?
Most of your big investors feel that the bull market will return soon but the question that’s on everyone’s mind is if this run is the beginning. It may be a bit early to tell but we have seen the market cap rise tremendously in the past 72 hours. While Bitcoin is down by over half of it’s all time high value of nearly $20,000.00 reached on December 17, 2017, that means very little to long term investors. For example,on April 17, 2017 Bitcoin had a value of $1,188.00 US. Compared to April 15, 2018, that’s an increase of 441%.
Numerous altcoins on the market have been doing very well and have outperformed Bitcoin. For example Stellar (XLM) has risen 15% in the past 24 hours with a value of $0.290655, IOTA (MIOTA) 13.6% at $1.63, and NEM (XEM) 16.8% with a value of $0.35, all in US dollars.
One coin to watch is Verge (XVG) which is up 5.7% to $0.091694. On April 17th, 2018 Verge is going to announce a new partnership that the company has kept secret from the public. All we’re told is the deal is going to be huge and a game changer in the crypto world.
XVG has been traded heavily in the past week and doesn’t seem to be slowing down. Demands for the coin have surged since their announcement of the upcoming deal. The current market cap of Verge, is $1.35 billion (US) and it’s ranked number 21 in market cap.
All cryptocurrency values shown above were based on charts found at CoinMarketCap: Cryptocurrency Market Capitalizations, as of 7PM EST.