Post
Topic
Board Altcoin Discussion
Topic OP
Something of note... The slow decline of the crytpocurrency market cap
by
krak3n
on 12/02/2014, 05:15:37 UTC
I just thought this is something to ponder over. On the website: http://coinmarketcap.com/ at the bottom is currently displayed: Total Market Cap: $ 10,884,292,471.

Now this seems 'Wow', but in the last 2 months it has slowly gone from over 14Bil Market Cap to 11Bil, and this is despite the fact that the list of coins was (very roughly) 60, they've since added 40 more alt-coins but the total cap has dived by 50%.

Does this mean the market is diversifying to a massive extent (including the many coins not listed), or has apathy hit the market and people are slowly removing themselves from the cryptocurrency market?

* please note my figures are very rough, but the point still stands.