The cryptocurrency market has hit a new all-time high as the total market capitalization hit $650 billion, according to CoinMarketCap, earlier today.
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The Market Cap is $665,201,227,829 at press time.
Exactly one year ago, the total market cap was $18 billion.
The top 5 cryptocurrencies are as followed:
1. Bitcoin, $247.4 bln
2. Ripple, $93.4 bln
3. Ethereum, $86.8 bln
4. Bitcoin Cash, $46.9 bln
5. Cardano, $19.5 bln
Market Capitalization is one way to rank the relative size of a cryptocurrency.
It’s calculated by multiplying the Price by the Circulating Supply.