Since the big Bitcoin blowup of late 2017, the world of cryptocurrency has been at a bit of a standstill. This is partly thanks to failing interest and part because of the convoluted purchasing process. However, the underlying technology, the blockchain, has had nothing but time to flourish. Now, the world seems ready to get back onboard the cryptocurrency train and for good this time. According to Bitcoin.com, cryptocurrency investments are starting to match more traditional ones like oil or stocks regarding price.
Digital is the new normal
The publication reports that the market value of all crypto assets is around 1/4 of a trillion dollars. That and the digital asset market has seen around $40-100 billion in trades every day for the past few weeks. On top of this, traditional markets like Gold and Silver have hardly changed. Stocks like Nasdaq and Nikkei are faring a little better, but crypto assets have grown a massive amount in comparison.
Supposedly Binance Coin has raised the most, hitting a 450% increase or $6.19 on January 1st to $34.06 now. Other assets like Tezos, Bitcoin Cash, and EOS have had massive increases as well. In that same period, the whole crypto industry went from $125 billion to $273 billion, a 118% rise. Then, the market only had around $12.6 billion in online trading on January 1st but is now hitting $83 billion.
Overall, one can safely say that investors are interested in cryptocurrencies once again. Bitcoin has gone from $3-4,000 to over $8k in such a short period this year. Who knows where it will go next? Of course, if you’re interested in crypto trading, you can do so over at a variety of cryptocurrency exchanges such as Coinbase or Binance. From there, you need to open a Bitcoin wallets to store any assets. Just be sure to pay attention to our pricing guides to stay on top of things.