The trading volume back in 2023 was $2.29 Trillion and now it's $7.82 Trillion within a year. This development is crazy and how Brazil's trading volume is $354 Billion dollars I mean where they are getting this much money? I think they are counting the selling as well and maybe reselling of the funds too. I mean if I make 10 trades of $100 it means I made a trading volume of $1000 maybe they are counting these numbers.The numbers are very optimistic, especially since we are now at the 2 trillion threshold and there are about 5 months left until the end of the year. Therefore, it is very difficult for the market capacity of cryptocurrencies to reach $7.82 Trillion in 2024, or even in the next 5 years.
The numbers are very optimistic, especially since we are now at the 2 trillion threshold and there are about 5 months left until the end of the year. Therefore, it is very difficult for the market capacity of cryptocurrencies to reach $7.82 Trillion in 2024, or even in the next 5 years.You are right numbers are really optimistic but these are just trading numbers, not market capital. I mean you added a 2 trillion threshold while it's of market cap and I never said the market will have a market cap of $7.82 trillion while it already have a trading volume in one some countries of the world (combined).
Your explanation seems to imply that you mean the difference between trading volume and market cap, which is very important. Market cap represents the total value of a particular market in the economy, while trading volume indicates how much cryptocurrency is being bought and sold at a given time. If a cryptocurrency's market cap is 2+ trillion dollars, it is a huge achievement, making cryptocurrency one of the world's largest financial assets. Placed between However, since Japan's financial assets market cap is $4.65 trillion, the cryptocurrency market may take some time to break into the top 5 financial assets at its current pace. Your doubts that the cryptocurrency market will become a top 5 financial asset are very logical. The current growth rate of the cryptocurrency market, regulatory challenges, and market volatility may slow its rapid growth. Although the potential of the cryptocurrency is huge, whether it can enter the top 5 will depend on its stability, acceptance and global regulations in the future.The numbers are very optimistic, especially since we are now at the 2 trillion threshold and there are about 5 months left until the end of the year. Therefore, it is very difficult for the market capacity of cryptocurrencies to reach $7.82 Trillion in 2024, or even in the next 5 years.You are right numbers are really optimistic but these are just trading numbers, not market capital. I mean you added a 2 trillion threshold while it's of market cap and I never said the market will have a market cap of $7.82 trillion while it already have a trading volume in one some countries of the world (combined).
Well, I saw the news yesterday that crypto lies at the 6th spot in the world monetary assets list by having a market cap of 2+ trillion dollars. Japan is in the 5th number with a market cap of 4.65 trillion dollars. I don't think the Crypto market with its current pace can make it into the top 5 monetary assets in the world
Your explanation seems to imply that you mean the difference between trading volume and market cap, which is very important. Market cap represents the total value of a particular market in the economy, while trading volume indicates how much cryptocurrency is being bought and sold at a given time. If a cryptocurrency's market cap is 2+ trillion dollars, it is a huge achievement, making cryptocurrency one of the world's largest financial assets. Placed between However, since Japan's financial assets market cap is $4.65 trillion, the cryptocurrency market may take some time to break into the top 5 financial assets at its current pace. Your doubts that the cryptocurrency market will become a top 5 financial asset are very logical. The current growth rate of the cryptocurrency market, regulatory challenges, and market volatility may slow its rapid growth. Although the potential of the cryptocurrency is huge, whether it can enter the top 5 will depend on its stability, acceptance and global regulations in the future.Thanks for shedding more light on my words and yeah crypto industry can be in the top 5 list of monetary assets. If it can make it to the 6th position then it can also make it in the top 5. Overall the adoption being made by Russia is enormous I mean first they said they will be using BTC for international trades and then they said mining is legal in all over the country and even giving easy-to-register facilities to their citizens.
Market cap is a misleading measure for altcoins, I can believe in Bitcoin's market cap but the real market cap for all altcoins is supposed to be Bitcoin's market cap +10% to 30% and so the total market cap is supposed to be around 1.5 trillion but due to the ease of printing tokens their accounting value is less than their real value.
Well, I saw the news yesterday that crypto lies at the 6th spot in the world monetary assets list by having a market cap of 2+ trillion dollars. Japan is in the 5th number with a market cap of 4.65 trillion dollars. I don't think the Crypto market with its current pace can make it into the top 5 monetary assets in the world
Market cap is a misleading measure for altcoins, I can believe in Bitcoin's market cap but the real market cap for all altcoins is supposed to be Bitcoin's market cap +10% to 30% and so the total market cap is supposed to be around 1.5 trillion but due to the ease of printing tokens their accounting value is less than their real value.I got your point and I think I should agree with it I won't talk about some good alts as their market cap is also real but the memecoins are not real they are here in the market and after some time they are not. If I'm not wrong Memecoin's market cap is also added to the total market cap of $2.1 Trillion. BTC has a market cap of around $1,173,316,527,759 and if we count the market cap of the top 100 ($712.03 billion) or top 200 coins ($57.3 billion) from the coinmarketcap and add it into the BTC market cap then I think it will become around $1,942,646,527,759.