The total market capitalization of the cryptocurrency market has fallen 80% from $819 billion in January 2018 to $138 billion today. By comparison, McDonald's current market capitalization is $140 billion.
Despite the fact that there are currently more than 2,050 officially indexed cryptocurrencies on the market (although the real figure is obviously higher), Bitcoin's capitalization exceeds half of the entire sector's capitalization. Currently, the first cryptocurrency boasts a market capitalization of $75 billion. For comparison, the capitalization of Ripple XRP is $16.5 billion, and Ethereum is $12.7 billion.
Despite the capitalization of XRP, Ethereum has a much stronger foothold in the market. At the moment, about a thousand tokens and applications are running on its blockchain. However, despite these figures, there are still fewer than 15,000 people using Ethereum apps per day.
By comparison, Uber serves 75 million users per month, or (roughly) 2.5 million users every day.
More than 500 million people use Instagram every day.
Approximately 68 million people eat at McDonald's every day.
Volatility is gradually improving, but prices in the cryptocurrency market are still incredibly volatile. In fact, the capitalization of the digital asset market can exceed the capitalization of the famous fast food in literally 10 minutes. This is quite possible.
Do you know what cannot be done in 10 minutes? Create a next-generation global payment network capable of serving millions of users every day.
According to thenextweb.com
You May Also Like
The largest database of stolen passwords in history is being sold online.
The largest collection of passwords in the history of the Internet has appeared on a hacker forum. A hacker has published a huge text file containing more than 8 billion passwords, which were allegedly collected in many different hacks.
Myanmar's shadow government recognizes USDT as official currency
Myanmar's Government of National Unity (GNU), an underground organization opposing the military regime that has seized power in the country, has declared the stablecoin USDT as the official currency of payment in the country.
