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RE: Top Coins to Invest In

in #crypto7 years ago

While I am also a fan of ETH, you should consider the math around it going to $10,000. Right now, as per coinmarketcap.com, ETH has a $112B market cap from the total market of $632B which puts it 2nd and almost 18% of total market. If it were to go to $10k, it would have around a $1 trillion market cap which is larger that the whole market right now. Let's says the total market goes up to $2 trillion (equal the amount of US dollar currency outstanding), that will make ETH half of the market which it does not hold today. Even Bitcoin is barely holding 33-35% of the market now with all of the alt coins outstanding. So, it may be a long shot for a $10k target (although I wish it were true because I own ETH).

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Bitcoins market cap is only 200 billion and its above 10k. 2018 we are for sure going to see a bigger boom as more new people and new money starts being poured into crypto. Bitcoin has the potential to surpass 20k USD when the hype builds up around it again. Ethereum being in the 2nd position will follow up beside bitcoin and very easily come close to 10k if not pass 10k.

Early 2017 people couldnt imagine hitting 10k USD by the end of the year but by the end of 2017 bitcoin hit 20k USD. Open your mind and dont be so stuck with what seems impossible.