A Glance at the Cryptocurrency Market: November 2017 and Now

The cryptocurrency market then and now. Some cryptocurrencies negotiated the 2018 crypto winter successfully. Dash, Cardano, Tron, Litecoin, Ethereum, EOS would be examples of this.

The cryptocurrency market as a whole is worth somewhere around $275 billion. So today, in June 2019, it’s more or less on the same level as November 2017, as it was ending. So the market has been going from one point to basically the same location, but the road has been very long and hard. The greatest boom happened exactly as November 2017 ended and, then, during 2018, we saw the market lose about 85% of its total value in a protracted bearish run that affected every blockchain project in the planet.

Dot com and crypto

The vast volatility we see in the cryptocurrency market is typical of emerging industries and economic activities. The internet economy behaved similarly. The stocks rose by 50 times between 1997 and 2000 only to crash down at the tune of 95%, reaching their historic low in September 2002.

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