The overall cryptocurrency market has come a long way since the very beginning. In November, the total crypto market capitalization topped $3 trillion after recording spectacular gains earlier this year.
But then, correction happened. Well, the market is currently sitting at $2.2 billion due to a correction with Bitcoin accounting for just a little over 40% of the dominance.
The overall cryptocurrency market has come a long way since the very beginning. In November, the total crypto market capitalization topped $3 trillion after recording spectacular gains earlier this year.
But then, correction happened. Well, the market is currently sitting at $2.2 billion due to a correction with Bitcoin accounting for just a little over 40% of the dominance.
Interestingly, in this context, Jihan Wu, the billionaire co-founder of mining giant Bitmain expressed his thoughts in a recent interview with Forbes. According to him, cryptocurrencies were born to be volatile, but their growth over the long term will far outweigh their price fluctuations. He further noted,
“Even if 95% of today’s coins lose all their value and disappear, the remaining 5% will grow massively.”
