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In terms of Bitcoin, a currency that has the most well-known and transparent ledger, the realized market capitalization approach roughly puts the total market cap at about 1/3 of the traditional approach (using the Bitcoin’s current price). For an average cryptocurrency, the gap between the two calculating methods tends to be larger, lowering the total market cap of the space even further. Cryptocurrency today price It is worth mentioning that the crypto market briefly reclaimed the $1 trillion market capitalization towards the end of 2022 after getting a boost from positive macroeconomic-related news.
Market cap of cryptocurrency
By Kevin RooseMarch 18, 2022 More Calls For Crypto Regulation In the last week, from March 7 to March 14, there has been a growth of a good part of Crypto. Bitcoin in fact grew by more than 50 billion exceeding $1,100,000,000. But also growing was ETH with an increase from 191 billion to 213. XRP dropped slightly from 21,190,040,146 to 20,073,643,655, but its value is still higher than the values of February 28. In general, as I said, a good part of the Cryptos have increased their market capitalization. Among them we find for example LItecoin with a +2 billion, and Polkadot with almost +2 billion.
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Meanwhile, some analysts expect Coinbase to benefit from the fall of FTX, as the former saw its market share increase to 39% in early December from 34% in November, according to CryptoCompare. News and Analysis Uniswap leads drops as largest cryptocurrencies start mixed