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CAP Price   

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CAP Price:
$20.1 K
All Time High:
Market Cap:
$13.2 M

Circulating Supply:
Total Supply:
Max Supply:


The price of #CAP today is $132 USD.

The lowest CAP price for this period was $0, the highest was $132, and the current live price for one CAP coin is $131.83418.

The all-time high CAP coin price was $846.

Use our custom price calculator to see the hypothetical price of CAP with market cap of ETH or other crypto coins.


The code for Cap crypto currency is also #CAP.

Cap is 3.4 years old.


The current market capitalization for Cap is $13,171,685.

Cap is ranking upwards to #1100 out of all coins, by market cap (and other factors).


There is a modest daily trading volume on #CAP.

Today's 24-hour trading volume across all exchanges for Cap is $20,070.


The circulating supply of CAP is 99,911 coins, which is 100% of the maximum coin supply.

A highlight of Cap is it's exceptionally low supply of coins, as this supports higher prices due to supply and demand in the market.


CAP has very limited pairings with other cryptocurrencies, but has at least 1 pairing and is listed on at least 1 crypto exchange.


Note that there are multiple coins that share the code #CAP, and you can view them on our CAP disambiguation page.



Binance Research Report Reveals 110% Surge in Crypto Market Cap YTD

    A recent report from Binance Research reveals a remarkable surge in the total cryptocurrency market capitalization, which has climbed by about 110% year-to-date, adding over $870 billion in capital, with a notable 55% increase observed in Q4 alone. This growth follows a period of stagnation after the 2021 crypto highs, marking a potential shift in market dynamics. Stablecoins and Bitcoin NFTs Fuel Crypto Market Revival A significant finding highlighted in the report is the first positive shift in the quarterly net change of the supply of the top five stablecoins since Q1 2022. This indicates a growing interest and influx of capital into cryptocurrencies. Moreover, there has been a notable resurgence in trade volumes of NFTs, particularly in Bitcoin NFTs, breaking the previous year-long downtrend. NFT trade volume resurgence reflects a renewed market sentiment and a revival in speculation. The study also highlights a surge in fees generated by leading crypto projects in November, suggesting the maturation of these platforms into revenue-generating businesses, with Ethereum leading in fee generation. Among the emerging trends, the report identifies the comeback of the DeFi sector, with a 25% increase in total value locked since the year's start and Ethereum maintaining its dominance. Bitcoin's market cap increased by 162% in 2023, with factors like the anticipated U.S. spot Bitcoin ETF and the upcoming Bitcoin halving driving this growth. Alternative Layer-1 platforms, particul... read More

Tether's Market Cap Soars by Over 35% to $90 Billion in 2023, Nearing To...

    Tether, the leading stablecoin by market capitalization, has seen its supply increase by 5.5% in the last month, achieving a significant market valuation of $90 billion.Since 2015, Tether's Market Cap Has Swelled by 35,912,812% Since the dawn of 2023, tether (USDT) has experienced substantial growth. Starting the year with a market value of $66.3 billion on January 1, 2023, it has surged to $90 billion in 340 days. This expansion represents more than a 35% increase, adding $23.7 billion to USDT's market capitalization since the year's commencement. Tether's market capitalization now represents 5.369% of the total $1.68 trillion crypto economy. Not only does tether hold the third position among over 10,000 digital currencies in terms of market valuation, but it also leads in daily trading volume with $23 billion. USDT's principal trading pairs involve major fiat currencies such as the USD, EUR, TRY, MXN, and THB. While year-to-date data indicates a more than 35% rise in USDT's market cap, 5.5% of this upswing occurred in the preceding month. According to Tether's transparency page, of the $90 billion total, the Tron network accounts for $47.82 billion and Ethereum for $41.01 billion, with the remainder distributed across various other blockchain platforms. Looking back to March 16, 2015, USDT's market value was a modest $251,000. Over eight years, the coin's market cap has soared by a massive 35,912,812%. Tether's aggregate market valuation is on the brink of entering the wor... read More

This BRC-20 Token Just Breached $1 Billion Market Cap With 180% Rally To...

    The BRC-20 token ORDI, which is based on Bitcoin, surged by 181% today amid a wider cryptocurrency upswing and a recent rise in activity surrounding the Ordinals protocol. According to the most recent data, the token's trade volume has increased by more than 900% during the last 30 days. The ORDI coin has experienced a downward trend since its entry onto the market. It began trading at around $10 in June of this year and gradually dropped back to slightly less than $3 by mid-September. Strong Performance: The BRC-20 Token ORDI The token's decline marked the bottom and the beginning of the subsequent bull market, which drove the price up to its all-time high of $66 on November 5. The previous few days have seen a phenomenal increase in the price of ORDI, and since Bitcoin has recently performed well and crossed $44,000, ORDI is also rising quickly. The ORDI token, which is based on Bitcoin Ordinals, has achieved triple-digit monthly and weekly percentage growth, making it the first BRC-20 token to surpass a $1 billion market valuation. Tokens based on Bitcoin are comparatively new in the digital currency space. These tokens leverage the Bitcoin network to produce a variety of digital assets, in contrast to Bitcoin, which is mostly used as electronic money. This change broadens the use of blockchain applications beyond the initial intent of Bitcoin. Casey Rodarmor introduced the initial version of Bitcoin Ordinals in January. The protocol made it possible to add content to th... read More

Tether (USDT) Cap Approaches $90 Billion: Why This Affects Bitcoin

    Data shows that the Tether (USDT) market cap is almost $90 billion. Here's why this growth could matter for the price of Bitcoin. Tether Market Cap Has Continued To Observe A Rise Recently Tether is a cryptocurrency pegged to the US Dollar, meaning its price remains stable around the $1 mark. The asset is the most famous such 'stablecoin' in the sector, with its market cap outstripping any other stable's. As the market intelligence platform IntoTheBlock pointed out, the largest stablecoin supply has only continued to grow recently. The chart below shows the trend in the market caps of the various stablecoins in the cryptocurrency sector over the past year. As displayed in the above graph, Tether has observed an overall uptrend during the past year, while USD Coin (USDC), the next largest competitor, has observed outflows as its market cap has fallen. The chart also puts into perspective how small the other stables are when compared to these two assets, making them perhaps insignificant for the wider market. What relevance does a large stablecoin like Tether have for Bitcoin and other coins in the sector? The answer to that question lies in what the stablecoins represent. Generally, investors make use of stables whenever they want to avoid the volatility associated with the other assets in the sector. The holders keeping their capital locked in these fiat-tied tokens usually plan to return towards the volatile side, however, as they would have gone for fiat itself if they w... read More

Tether's (USDT) Market Cap Peaks at $90 Billion Amid Renewed Confidence

    Tether (USDT) - the largest stablecoin globally, has experienced continuous growth in its market capitalization, reaching an all-time high of $90 billion on December 6th before retreating ???????? to $89.9 billion. This surge suggests a renewed trust in the crypto market despite facing regulatory hostilities. Over the last month, the market cap has increased by around 6%, bringing the year-to-date growth to over 35% from a modest $66.24 billion, demonstrating its capacity to navigate market volatility and restore investor faith. The growth also signified an improvement in liquidity in the market with an influx of additional capital into the ecosystem. State of Stablecoins Following major incidents such as the Luna collapse in June 2022 and the Silicon Valley Bank (SVB) crisis in March, there was a significant decrease in the overall supply of stablecoins, signaling a lack of confidence in the market. However, from October 2023 onwards, there has been a consistent increase in the total stablecoin supply, indicating a positive shift. This upward trajectory serves as an early indicator of enhanced on-chain liquidity, suggesting a scenario where more capital is ready for deployment, according to the latest CoinMetrics report. USDC - the widely used stablecoin in decentralized finance (DeFi) applications - experienced a notable portion of its supply residing in smart contracts, reaching a peak of over $20 billion in March 2022. However, throughout the year, this figure slashed by ... read More

BRC20 Token ORDI Hits $1B Market Cap Amid Crypto Surge, Soaring 676% in ...

    In the recent surge in the cryptocurrency market, the BRC20 token ORDI has experienced substantial growth. This week, it reached a new milestone with its market capitalization surpassing the $1 billion threshold. The token's value has soared by 676% in the past month and by 189% in just the last week alone.ORDI Token's Meteoric Rise During this period of widespread gains in the crypto sector, ORDI, a BRC20 token and the first of its kind built on the Bitcoin network, has achieved a market valuation of $1 billion. As of the latest update, ORDI's trading price stands at $59 to $61 per unit, marking a significant 189% increase in value against the U.S. dollar. The coin's trading range for the day has fluctuated between $39.94 and $63, bringing its current market value to $1.22 billion. With a current market valuation of $1.22 billion, ORDI now ranks 57th among the more than 10,000 cryptocurrencies in existence. In addition to its 676% rise over the past month, ORDI has skyrocketed by 1,851% from its all-time low of $2.86 per coin, recorded on September 11, 2023. Over the last 24 hours, ORDI has surged by 45% in value against the dollar, with a global trading volume reaching $945 million. On December 5, 2023, ORDI stands out with the tenth-highest trading volume in the cryptocurrency market. The token has also been active in derivatives markets, especially in the last 24 hours. This surge in the BRC20 token's price has resulted in a notable $12.70 million in short positions bei... read More

FDUSD Nears $1 Billion Cap — A Rapid 253% Surge in Supply Since Au...

    Recent data indicates that the market capitalization of the newly introduced stablecoin, first digital usd (FDUSD), is approaching the $1 billion threshold. This growth, a 253% increase in supply, has been recorded since August 4, 2023. Currently, the circulation of FDUSD tokens stands at 921 million. FDUSD's Market Value Climbs Toward $1 Billion in Just 120 Days Since its inception, FDUSD's market value is on the brink of reaching $1 billion, having expanded its supply by a substantial 253% over the past 120 days from August 4, 2023. To date, the issuer of FDUSD has released three attestations, with the latest monthly report concluding in October. As of December 2, 2023, the circulation of first digital usd (FDUSD) stands at approximately 921,272,192 tokens. Of the 921 million FDUSD in existence, a mere 224 holders possess the stablecoin, which has been transacted onchain only 1,471 times. Dominating the FDUSD landscape, Binance holds the top three addresses. The leading address alone accounts for a staggering 90.96% of FDUSD's total supply. Following closely, Binance's second wallet contains 7.65% of the circulating FDUSD. The third wallet, also under Binance's control, holds 0.81%. Wintermute owns the fourth-largest FDUSD wallet, comprising 0.16% of the total supply, equivalent to 1,502,179 FDUSD. The fifth-largest wallet, whose owner remains unidentified, controls 999,998 FDUSD, or 0.10% of the supply. Collectively, the top 100 holders own 921,269,821.68 FDUSD tokens, ne... read More

Bitcoin Realized Cap Indicates Fresh Capital Inflows: CryptoQuant

    The realized capitalization for bitcoin has recently witnessed significant growth and increment, indicating an improvement in the liquidity conditions of the leading digital asset. According to a report by on-chain market analytics platform CryptoQuant, bitcoin’s growing realized cap and the rising stablecoin market cap are evidence of the influx of new capital into the crypto market. Bitcoin’s Growing Realized Cap The realized cap is a metric that helps estimate bitcoin’s (BTC) economic weight or actual value by considering the last price at which each asset was last moved or transacted. CryptoQuant found that bitcoin’s realized cap is growing at its fastest pace this year as new capital continues to flow into the market. The metric just turned positive for the first time since October 2022, influencing BTC’s market cap as it has over time. The rising liquidity is evident in BTC’s short-term uptrend, as the asset keeps trading above the cost basis of short-term holders. Bitcoin Market Cap vs Realized Cap. Source: CryptoQuant The uptick in bitcoin’s realized cap aligns with rising liquidity in Tether (USDT), which historically favors the bull market. The crypto analytics platform spotted other bullish signs, like approximately 70% of BTC’s supply staying inactive for over a year. Analysts said the findings show a majority of investors have a holding mentality. Rising Greed Among Investors Several other incidents have positively ... read More

Crypto Market Cap Soars: $1.5 Trillion Milestone Achieved, Bitcoin Sets ...

    Bitcoin (BTC) and the cryptocurrency market have seen a significant uptrend, hitting a new annual high and surpassing $1.45 trillion, paving the way for potential gains in the final days of November. Notably, BTC, the largest cryptocurrency in the market, has achieved a remarkable milestone, approaching the $40,000 level with a price surge to $38,400.  The catalysts behind this recent surge include the anticipated acceptance of the BlackRock Bitcoin Spot exchange-traded fund (ETF) within the next 45 days and speculation that BlackRock itself may influence Bitcoin's price through significant buying pressure on Coinbase. BlackRock Driving BTC’s Recent Price Surge?  According to CoinGecko, the global cryptocurrency market cap currently stands at $1.5 trillion, reflecting a 2.05% change in the last 24 hours and an impressive 72.26% change compared to the same period last year.  This surge in market capitalization has not only boosted Bitcoin but has also contributed to gains in other major cryptocurrencies within the Top 100, such as Blur (BLUR), which soared a staggering 27%, Mina Protocol (MINA), which gained 9%, and Bittensor (TAO), which has seen a 14% surge in the last 24 hours, to name a few. Regarding the recent surge of BTC to a new yearly high, crypto expert known by the pseudonym 'Crypto Rover' has shed light on potential catalysts driving the recent surge. According to Rover, the BlackRock Bitcoin Spot ETF launch is expected to occur within the ne... read More

Crypto Analyst Projects $7 Trillion Market Cap For Altcoins – Here...

    The altcoins market has been on a tear over the past few weeks, thanks to the resurgence of the premier cryptocurrency, Bitcoin, and the shifting climate of the general crypto market. Although the recent momentum of the altcoin market seems to be waning, there is still broad optimism amongst many investors and analysts. Mags, a popular crypto analyst on the X (formerly Twitter) platform, has offered insight into the current landscape of the crypto assets class and its future prospects as the bull market seemingly approaches. Altcoins To Go Parabolic Again? In a post on X, Mags put forward a bold forecast for the altcoins market capitalization and expects the value of most cryptocurrencies to go parabolic in the coming years. The crypto analyst’s bullish argument revolves around the Moving Average Convergence/Divergence (MACD) indicator on the monthly timeframe of the altcoin chart. On the highlighted chart, the monthly MACD is on the verge of making a bullish cross.  #Altcoin will go Parabolic Again ? Monthly MACD on the Altcoin Marketcap is about to Cross Bullish In 2020 we saw a similar bullish cross on MACD and Altcoin Marketcap went from - $85 B to $1.73 T (+2100%) The Altcoin Market Cap currently sits at $650 B. Even if it… — Mags (@thescalpingpro) November 17, 2023 From a historical standpoint, the crypto analyst cited that a similar bullish cross occurred on the Moving Average Convergence/Divergence indicator in 2... read More

Crypto Market Cap To $25 Trillion: Cathie Wood Reveals The 2 Coins To Bu...

    Cathie Wood, CEO of Ark Invest, has reiterated her bullishness on the crypto industry. In a recent interview with CNBC's “Squawk Box,” Cathie Wood argued that the crypto industry is poised to reach a $25 trillion valuation, given a regulatory breakthrough in the US. Out of the multitude of digital assets on the market right now, Wood sees two cryptocurrencies driving much of that growth: Bitcoin and Ethereum. Cathie Wood Predicts $25 Trillion Crypto Ecosystem The entire crypto industry has witnessed unprecedented growth since the middle of October. According to data from Coingecko, the entire crypto market cap has increased 35% from $1.096 trillion on October 15th to a current value of $1.4828 trillion.  However, Cathie Wood is of the notion that this growth isn't over, and the industry will reach a $25 trillion valuation in the near future. A $25 trillion market cap means the industry would have to grow a whopping 1,585% from its current level. Cathie Wood had predicted earlier in 2021 that Bitcoin would climb more than 10 times its value in the next five years, back when the asset was still trading around $50,000. Given that Bitcoin is now selling at around $37,000, the host of Sqwauk Box, Andrew Ross Sorkin, questioned Wood as to whether or not she still stands by her prediction. “If we have this conversation in ‘25, ‘26, are you on track?” Sorkin asked.  “Yes,” Wood replied. The CEO did mention that this growth wo... read More

Polkadot (DOT) Market Cap Dips: Q3 Sees 16% Decrease In Value

    Polkadot (DOT), one of the prominent blockchain networks in the crypto space, experienced a 16% decline in market capitalization in the third quarter (Q3) of 2023, according to a recent report from Messari.  This decline came after a moderate downturn in the overall cryptocurrency market during Q3, despite favorable court rulings for XRP and Grayscale. The total crypto market capitalization declined by 5.8%, with Bitcoin (BTC) and Ethereum (ETH) falling by 7.5% and 10.0%, respectively. Polkadot Closes Q3 With $5.2 Billion Market Cap As reported by Messari, Polkadot's market capitalization closed at $5.2 billion, positioning it as the 13th largest crypto asset by market cap in Q3 2023 (currently 15th).  Polkadot's financial structure is based on a weight-based fee model, which differs from the gas-metering model in other networks, such as Ethereum. Transaction fees in Polkadot are determined and charged before execution, with the calculation comprising a weight fee reflecting computational resources, a length fee based on transaction size, and an optional tip to incentivize block authors.  In Q3 2023, Polkadot generated revenue amounting to $94,000, representing a 3% decrease compared to the previous quarter. Messari suggests that Polkadot's revenue tends to be relatively lower compared to its competitors due to the network's structural design. On the other hand, the native token of Polkadot, DOT, serves three primary purposes: governance, staking, and paracha... read More

Cardano's Whale Watch: ADA Market Cap Jumps Over 10% Amid On-Chain Frenz...

    Cardano (ADA) has recently experienced a notable surge in market capitalization. Blockchain analytics firm Santiment reported a 9% increase in ADA's market cap over the past day, which adds to a more than 20% rise over the last two weeks. This growth spurt in valuation aligns with heightened activity on the Cardano network, specifically among large-scale holders, commonly referred to as 'whales.' Cardano On-Chain Data Signals Bullish Behavior For ADA Before this latest rise in value, several on-chain metrics hinted at the potential for a short-term increase in ADA's price. Santiment's analysis pointed out that two key indicators—address activity and whale transactions—had spiked to levels not seen in three months. This kind of on-chain behavior often precedes market movements, drawing the attention of investors and analysts alike. Digging deeper into the Cardano blockchain data, there's been a 23% rise in address activity over the past three weeks, according to Santiment, suggesting a growing use case or increased speculation about the altcoin's future. Concurrently, whale transactions, which are large transfers of ADA often indicative of deep-pocketed investors' movements, have shot up by more than 32%. Such significant transactions can substantially impact market sentiment, potentially leading to price volatility or, in this case, a bullish trend for ADA. #Cardano has been the big story Thursday, with its market cap growing +9% in the past 24 hours and now... read More

XRP Ledger Market Cap Soars On Regulatory Success: 59% YTD Growth Achiev...

    The XRP Ledger (XRPL), a decentralized public blockchain developed by David Schwartz, CTO of Ripple Labs, has continued to evolve and show growth in the third quarter (Q3) of 2023, as highlighted in a recent report by Messari. The XRPL, facilitating cross-currency and cross-border payments for over a decade, has witnessed significant milestones, including a surge in market capitalization and advancements in network features. XRP Ledger Shows Strong Development In Q3 As of Q3 2023, XRP, the native token of the XRPL, has secured its position as the fifth-largest cryptocurrency by market capitalization at an impressive $27.8 billion.  Notably, the token's market cap experienced remarkable growth, increasing by 59.9% year-to-date (YTD) and recording an 11.9% quarter-over-quarter (QoQ) surge.  According to Messari, one unique aspect of the XRPL is the deflationary pressure applied to its total supply of 100 billion XRP. Transaction fees on the network are burned, reducing the supply over time.  Since the inception of the XRP Ledger, approximately 10 million XRP have been burned. However, to counterbalance the burn rate, 1 billion XRP vests to Ripple each month.  Unspent or undistributed XRP returns to escrow. This process will continue until the remaining ~48 billion XRP becomes liquid, making burned fees the sole factor influencing supply. Unlike many other cryptocurrency networks, the XRPL does not provide rewards or transaction fees to its validators. Inst... read More

Bitcoin Market Cap Can Surge 5x as Financial Titans Circle Spot BTC ETFs...

    Bitcoin briefly soared toward $30,000 following a false spot Bitcoin ETF approval information before swiftly retreating to the $28,000 level. But an actual approval could add $1 trillion to the crypto market, according to the latest report by CryptoQuant. The next wave of Bitcoin institutional adoption appears to be advancing in the form of financial institutions offering access to the flagship cryptocurrency investing to their clients via spot Bitcoin ETFs. $1 Trillion Market Cap Boost Several companies, such as BlackRock, Bitwise, VanEck, Fidelity, and Valkyrie, among others, have applied to launch spot Bitcoin Exchange Traded Funds (ETFs). While these are not expected to get approvals this year, industry experts believe green lights could be on the horizon, potentially as early as March 2024. In this case, Bitcoin could witness inflows of $155 billion. The entry of fresh money could further boost Bitcoin's market cap by $450-$900 billion, CryptoQuant said in its latest report. 'We could expect $155 billion will flow into the Bitcoin market once these ETFs are approved. The total Assets Under Management (AUM) of these companies are around $15.6 trillion. If they were to put 1% of their AUM into these Bitcoin ETFs, the total US dollar amount that would enter the Bitcoin market would be ~$155 Billion. To put it in context, these amounts represent almost a third of the current market capitalization of Bitcoin.' In past bull markets, Bitcoin's market capitalization has typicall... read More

Bitcoin Market Cap Could Rise By $1 Trillion After Spot ETFs Launch: Cry...

    CryptoQuant has revealed in its latest report that the Bitcoin market cap could rise by as much as $1 trillion after launching the spot ETFs. Bitcoin Could See A 165% Rise When The Spot ETFs Launch Yesterday, fake news of the approved iShares Bitcoin spot ETF took the sector by storm, as all cryptocurrencies observed sharp rallies. At the peak of this surge, BTC had approached the $30,000 level. However, when the market realized the truth about the announcement, the asset quickly retraced to the levels it was at before the rally. While the gains were only brief, the rally nonetheless provided a glimpse into the strong reaction that the market could see to the launch of a real ETF. This was just one spot ETF; however, several others are waiting in line to be approved. How would the market look like when all these ETFs have launched? In its new report, the on-chain analytics firm CryptoQuant has discussed precisely that. The above table shows information about the various companies waiting to be approved for the Bitcoin spot ETF, including the total size of their assets under management (AUM). 'Although these ETFs are not expected to be approved this year, the probability that they will be approved by the final deadline (March 2024) has been growing as a result of favorable court rulings for Grayscale (GBTC Fund) and XRP in their respective legal fight against the SEC,' says the firm. In total, these companies' AUM are around $15.6 trillion. If they put just 1% of this amoun... read More

Stablecoin Market Cap Hits New All-Time Low Following 18-Month Downtrend...

    With the global cryptocurrency market struggling with the bears seemingly in control, stablecoins are also facing a tough time. Over the past 18 months, the stablecoin market capitalization has experienced a consecutive decline in valuation, Binance’s research division revealed. Stablecoin Market Cap Drops to $123.8B Citing on-chain analysis on the blockchain price tracking platform DeFiLlama, Binance Research explained that the past month saw an adverse record, setting the stablecoin market cap at $123.8 billion, the lowest since September 2021. Despite the downtrends that have enveloped the global stablecoin market, two popular assets from this cohort – Tether (USDT) and DAI – have charted mild increases. Keeping its leading position with a 67.2% lion’s share, the USDT stablecoin has seen a $334.7 million increase in market cap, representing a 0.4% month-on-month (MoM) uptrend. Tether’s increment is partly driven by the rising demand for the stablecoin on crypto exchanges. An analysis from earlier this week showed that the amount of USDT on exchanges has increased from 17.6% to 24.7%. DAI, the third-largest stablecoin by market cap, has also seen commendable growth in recent times. Binance Research reveals that the MakerDAO-owned stablecoin saw a $283.4 million increase in market cap, representing a 5.4% MoM uptick. How the Stablecoin Market Has Been Fairing Despite the bearish trends it has experienced, the stablecoin market continues to play ... read More

Chainlink Creator Expects Mass Crypto Adoption To Send Market Cap To $10...

    In a recent interview, Chainlink's co-founder, Sergey Nazarov, said the collapse of the banking industry will drive crypto mass adoption. Chainlink’s Co-Founder Predicts Crypto And Blockchain Prospects Over The Next Decade Sergey Nazarov believes that the collapse of the banking industry will favor crypto adoption and growth in the next decade. Nazarov believes the crypto industry and its technological innovations might maintain the same slow growth pace. However, the industry player cited two possible crypto and blockchain adoption scenarios in the next ten years. First, the Chainlink co-founder proposed a fast-case scenario where the collapse of the traditional finance system puts individuals in pain. This pain will force individuals to 'acknowledge the relevance' of cryptographic financial systems.  Further, Nazarov noted that the continued collapse of banks like Silicon Valley Bank could fast-track crypto adoption.  Secondly, based on the first theory, the collapse of traditional finance systems will lead to political tension and international problems. Nazarov believes investors will favor crypto for financial operations if the pain of suffering losses becomes unbearable.  Therefore, Nazarov insists that even in the slow case, the crypto market is likely on its way to a $10 trillion market cap.  Chainlink’s Adoption By ANZ Banking Group Supports Nazarov’s Growth Theory According to a new industry report, ANZ Bank has adopted Chainl... read More

Crypto Market Cap Adds $40B Daily as Solana (SOL) Explodes 14% (Market W...

    Unlike last Monday, when BTC dumped hard, this time, the cryptocurrency went on the offensive and skyrocketed to an almost 7-week peak at $28,500. The altcoins are also well in the green, with notable gains coming from the likes of Solana, Cardano, OP, MATIC, and others. BTC on the Rise It was a week ago when the primary cryptocurrency fell by over $500 and dipped below $26,000 for the first time in about two weeks. However, the bulls quickly intercepted the move and didn't allow any further declines. BTC started recovering its lost ground and even spiked toward $27,000 mid-week. Although it was initially stopped there, it went on the offensive once more a few days later and soared above that line. Naturally, there was some resistance at that point, but bitcoin still managed to stand around $27,000 during the weekend. As the early Monday Asian trading session began, the asset broke out of its resistance and shot up to $28,500 (on Bitstamp) for the first time since August 17. Despite losing a few hundred dollars since then, BTC still trades well above $28,000. Its market capitalization has soared above $550 billion, while its dominance over the alts is up by 0.5% in a day to 49.4% on CMC. BTCUSD. Source: TradingView Alts See Green, SOL Dominates Most alternative coins have mimicked BTC's performance. Ethereum and Binance Coin are both up by 3% and trade at $1,730 and $220, respectively. Ripple, Cardano, Dogecoin, Tron, Toncoin, Polkadot, Polygon, Litecoin, and Bitcoin Cash hav... read More

How Much Will Dogecoin Trade At If It Attains The Market Cap Of Bitcoin ...

    Comparisons in the crypto market are not out of the norm, especially given the fierce rivalry that goes on between two or more tokens at a time. So this report will take a look at where the price of Dogecoin will realistically be if the meme coin’s market cap were to reach the current market cap of Bitcoin or Ethereum. Dogecoin With The Market Cap Of Bitcoin Bitcoin, the world’s largest cryptocurrency, has a market cap of $521 billion. This is over 2x the market cap of the second-largest cryptocurrency Ethereum, and makes up around half of the total crypto market cap. While this is interesting, a more interesting fact is where the price of Dogecoin would be if it were to reach the market cap of Bitcoin. CoinGecko’s Coin Comparison feature allows users to input two different cryptocurrencies and show how much one would trade for if they had the market cap of the others. Using this feature, NewsBTC has been able to determine how much a single DOGE token would be at a market cap of $521 billion. A single DOGE token at such a market cap comes out to $3.70 per token, an over 59x (5,900%) increase from its current price. Inversely, Bitcoin at the $8.8 billion market cap of Dogecoin would put each BTC at a price of $448. Where Will DOGE Trade With Ethereum’s Market Cap Ethereum is currently the second-largest cryptocurrency in the space with a market cap of $196 billion. With this market cap, the price of Ethereum’s nice ETH token is sitting at ... read More

FDUSD Market Cap Jumps By 20% Following Binance Directive

    The First Digital USD (FDUSD) stablecoin has recorded a significant rise in its market cap following an announcement by the Binance exchange in August. FDUSD, a dollar-pegged stablecoin, was recently launched on June 1, 2023, debuting on the Ethereum network and the BNB Smart Chain. The token was officially listed for specific trading pairs on the crypto exchange in July. Binance’s Directive Drives Adoption Of FDUSD  On August 31, Binance confirmed reports of intention to halt support for Binance USD (BUSD) stablecoin following the regulatory embargo on the token’s issuance. Back in March, The New York Department of Financial Services (NYDFS) had ordered Paxos Trust, the issuing company of BUSD, to cease minting the stablecoin. Since then, BUSD’s market supply has taken a nosedive, crashing by over 80% in the last eight months.  According to an official post, the exchange will begin the gradual termination of all BUSD products on its platform, urging its 150 million customers to swap their BUSD tokens for other assets before February 2024.  In particular, the crypto exchange encouraged users to convert their BUSD to FDUSD, touting incentives such as zero trading fees and a 1:1 direct swap ratio.  According to data from CoinMarketCap, FDUSD’s market cap value has grown by 21.49% from August 31, rising from $324.75 million to its current value of $394.68 million. This indicates that Binance’s promotion of FDUSD as a BUSD altern... read More

Biggest Stablecoins' Combined Market Cap Increases by $660M in 2 Weeks

    The crypto analytics platform – Santiment - estimated that the combined market capitalization of the six largest stablecoins (USDT, USDC, BUSD, DAI, TUSD, and USDP) has shown signs of revival during the past several days.  However, the figure has been on a significant downfall since Q1 last year when the prolonged crypto winter started intensifying.  According to Santiment, the combined market cap of those assets has recently surpassed $121 billion, adding over $660 million in the last two weeks.  This is a slight improvement compared to the overall decline registered in the past 18 months. For example, the combined cap of the largest stablecoins was approximately $165 billion in May 2022 (prior to the Terra collapse). Top Stablecoin Market Cap, Source: Santiment Other events that prompted an additional decrease were the FTX meltdown in November last year and the US banking crisis this spring.  The turmoil in the banking sector, more specifically, Circle's multi-billion exposure to Silicon Valley Bank (SVB), severely affected the performance of USDC. The stablecoin's market capitalization stood at over $44 billion (per CoinGecko) before the catastrophe, while as of the moment, it is approximately $26 billion. While the market cap of most of the aforementioned assets has been gradually dwindling in the past months, this is not the case with USDT. The leading stablecoin, issued by Tether, has considerably increased its dominance agains... read More

Bitwise Retracts Bitcoin and Ether Market Cap Weight Strategy ETF Regist...

    In a recent submission to the U.S. Securities and Exchange Commission (SEC), Bitwise has decided to retract its registration for its Bitcoin and Ether Market Cap Weight Strategy exchange-traded fund (ETF). The reasoning behind this action remains unknown, but Bitwise's chief legal officer, Katherine Dowling, briefly noted that the company has postponed plans to launch the fund.Bitwise Halts Plans for Bitcoin and Ether Market Cap Weight Strategy ETF Launch Subsequent to the postponement of seven spot bitcoin ETFs, Bitwise Asset Management has rescinded its Bitcoin and Ether Market Cap Weight Strategy ETF, as stated in an SEC filing on August 31, 2023. The digital asset manager submitted the fund to the SEC on August 3, 2023. It relies on a five-year-diluted market cap among other qualifying factors to ascertain the weight of each cryptocurrency. Owing to the market cap of bitcoin (BTC) and ethereum (ETH), the combined allocation of these crypto assets within the proposed ETF would have been constrained at 75%. The most recent filing presented by Dowling does not divulge any justifications for the company's withdrawal. The document declares: The Trust no longer intends to seek effectiveness of the Fund and no securities of the Fund were sold, or will be sold, pursuant to the above-mentioned Post-Effective Amendment to the Trust's Registration Statement. Bitwise was one of the seven ETF filings that experienced a delay this past week, which encompassed Wisdomtree, Valkyrie, Fide... read More

Tether (USDT) Market Cap Reaches New Peak, Edges Toward $84 Billion Mark

    Tether USDT has seen its market cap value reach new highs in the month of July. According to a report by on-chain analytics company Into The Block, the world’s largest stablecoin is steadily approaching the key $84 billion mark. Based on data from DeFiLlama, USDT’s market cap is up by over $480 million since the beginning of July, indicating an increasing level of adoption. Generally, the stablecoin’s total market share value has been on the rise for the majority of 2023, moving from $66.23 billion on January 1 to its current value of $83.80 billion. In tandem with USDT’s market cap growth, Into The Block also noted the token’s circulating supply is up by almost 30% year to date. Interestingly, USDT’s market growth has also been reflected in its operator's development.  Back in May, Tether Holdings Ltd published its quarterly assurance report announcing a net profit of $1.48 billion for Q1 2023, bringing its excess reserve to an all-time high of $2.44 billion.  Into The Block noted that currently, Tether is well on course to surpass those profit levels in Q2 and Q3 as there is an increase in the amount of USDT being issued. Tether (USDT) Increasing Stablecoin Dominance In 2023 The general stablecoin market has recorded a major decline in 2023, losing over $12.17 billion since the start of the year. However, during this period,  USDT has been waxing strong, accumulating over about $17 billion in market cap. Accordin... read More

USDT Market Cap Hits New All-Time High: IntoTheBlock Data

    The market capitalization of the largest stablecoin - USDT - recently tapped an all-time high of $83.76 billion (according to the crypto analysis firm IntoTheBlock). Other data aggregators, though, showed that the asset had increased well beyond that level earlier this month. Stablecoins have performed quite well lately, and USDT continues to dominate the entire field. The combined market capitalization of the six biggest such tokens spiked last month to almost $125 billion. USDT - the stablecoin issued by Tether - has emerged as one of the biggest winners in the crypto market ever since the COVID-19 pandemic shocked the world in 2020. The asset pegged to the valuation of the American dollar became more attractive to people looking for alternative financial options amid the economic collapse prompted by the subsequent global inflation and military conflicts. It is worth observing some figures to have a clearer idea of USDT's growth over the past three years. The token's market capitalization in January 2020 (when COVID-19 was first detected in the US) stood at approximately $4 billion, whereas it is well above 83 billion (according to TradingView) as of writing these lines. IntoTheBlock recently revealed that USDT's market cap jumped to an all-time high of $83.76 billion on July 24, surpassing the previous peak recorded in May 2022. The figure deviated from the different charting platforms. For example, TradingView estimated that USDT's market cap tapped an all-time high of... read More

Which Low Market Cap Crypto Might Have Upside Potential: Why Big Eyes Co...

    One issue facing many new cryptocurrency projects in 2023 is that they set a large hard cap target for their presale fundraising stage, then launched with a high market capitalization by the time of their IEO or IDO. Crypto presales that have several price stages of incentivizing early buyers with a discount also add to that problem - inflating the market cap and FDV further and causing the common ‘ICO dump’ chart pattern in which early investors dump their coins on the market to take profit. Analysts predict one upcoming low market cap crypto with huge potential upside is Thug Life Token (THUG), based on it having just one price stage throughout its presale - $0.0007 - and a low hard cap of $2,058,000. Visit Thug Life Presale Big Eyes Price Prediction The Big Eyes crypto presale was one of the largest public token presales of 2023, initially setting a hard cap of 51.2 million USDT, and taking almost a year from its August 2022 launch to raise close to that, with various delays and other red flags. The Big Eyes presale also set fifteen price stages, with a 600% increase built in, from $0.0001 to $0.0006, which incentivized early-stage investors to want to secure that profit. Its Uniswap listing in fact took place at a considerably lower price than the final presale stage price, also angering some investors. However, even if it had been listed at $0.0006, with its 200 billion total supply that would mean a fully diluted market cap valuation (FDV) of $0.0006 x 200 b... read More

How High Can Shiba Inu Price Go? Are These New Low Market Cap Meme Coins...

    With the crypto market continuing to rebound, attention-grabbing meme coins are captivating the investment community. Shiba Inu, often called the 'Dogecoin killer,' has been making headlines – with investors now debating whether the token can reach the fabled $1 level. However, newer low-cap meme coins are emerging, raising questions about whether they present a more promising investment opportunity than $SHIB. Challenges & Competition Plague $SHIB Performance At the time of writing, $SHIB is priced at $0.00000735, exhibiting a bearish trend over the past week. The market sentiment around this meme-based token is notably pessimistic, with investors growing weary of the recent price volatility. As such, Shiba Inu is a textbook example of how up-and-down the cryptocurrency market can be – yet in recent times, the token has faced significant challenges. Fierce competition from other meme coins, for example Pepe ($PEPE), and growing frustration over delays to the Shibarium layer-2 network have put further downward pressure on price. Additionally, $SHIB has just rejected the 20-day Exponential Moving Average (EMA) on the daily price chart, setting the stage for another sharp drop. All of this has combined to create a pessimistic outlook on $SHIB at a time when new meme coins are vying for investor interest. Can $SHIB Ever Reach $1 – Or Is The Token Destined for Mediocrity? The future trajectory of $SHIB will depend on various factors, including ecosystem enhance... read More

Stablecoin Market Cap Marks the Biggest Increase in 3 Months

    The market capitalization of the six largest stablecoins - USDT, USDC, DAI, BUSD, TUSD, and USDP - has spiked by over $1 billion over the weekend, marking the biggest climb in three months.  This could be considered a breath of fresh air for those assets since some have shown signs of weakness lately. USDT - the leading stablecoin with a current market cap of over $83 billion - slightly deviated from its $1 dollar parity last week, sparking concerns among the community. However, the price returned to its $1 level in the following days, while Tether's CTO Paolo Ardoino explained the fluctuation with the recently-induced FUD in the market.  Stablecoins Are Back on Track According to data presented by Santiment, such a spike in the stablecoin market cap was last seen on March 12. The figures were mainly fueled by the performance of True USD (TUSD), whose market capitalization surged from approximately $2 billion to over $3 billion over the past few days. The company further explained that the overall jump comes after a 'gradual decline' in the past 15 months and could signal an 'increased crypto buying power.' This year's most considerable fluctuations occurred by the time of the collapse of Silicon Valley Bank (SVB) in March and the subsequent disclosure that Circle (the entity behind USDC) had a massive $3.3 billion exposure to the fallen financial institution. Stablecoin Market Cap, Source: Santiment The asset tumbled way below its $1 price target, reachi... read More

Bitcoin Records Over 12 Million Ordinal Inscriptions, Miners Accumulate ...

    As of June 18, the latest figures reveal over 12.49 million Ordinal inscriptions have been recorded on the Bitcoin blockchain. The inscription trend has yielded substantial gains for bitcoin miners, who have accumulated 1,732 BTC equivalent to $46 million using today's exchange rates. However, the BRC20 economy, experiencing a significant decline in value, has suffered the consequences of bitcoin's recent price plunge throughout the past week. BRC20 Market Faces Decline as Bitcoin Blockchain Records More Than 12 Million Inscriptions As of the latest count, there are over 12 million Ordinal inscriptions linked to the Bitcoin blockchain, with the current tally reaching approximately 12,494,695. This sustained trend has contributed to a backlog of more than 300,000 unconfirmed transactions documented by On Saturday, bitcoin miners confirmed these types of transactions, as well as traditional financial transfers, accumulating a total of 1,737.50 BTC valued at $46.10 million from inscriptions. Three days ago, on June 15, the total number of Ordinal inscriptions surpassed the 12 million mark. Present statistics reveal that 90.7% of all inscriptions consist of plain text, while the remaining portion comprises various file formats such as JPEGs, PNGs, SVGs, GIFs, video files, software files, and applications. Out of the overall inscriptions, a significant 11,259,647 are composed solely of plain text. While the count of Ordinal inscriptions continues to increase, the B... read More

Tether (USDT) Market Cap Breaks May 2022 ATH Level of $83.2 Billion

    Tether (USDT), the world's largest stablecoin, achieved a groundbreaking milestone by surpassing its previous all-time high market cap of $83.2 billion, a record set back in May 2022. This remarkable feat further cements Tether's unrivaled dominance in the rapidly expanding stablecoin market, which currently totals an astonishing $130 billion, with USDT's market cap surpassing the combined value of its closest competitors. USDT Breaks 2022 Market Cap ATH According to a blog post by Tether, the USDT stablecoin had an outstanding performance in Q1 2023 with a net profit of $1.48 billion. 'Today's numbers demonstrate that people want access to financial freedom, and when given that access, they will make use of it. Tether tokens offer a safe harbor for the unbanked and allow people in emerging markets to keep their buying power, even when their national currency is being devalued,' said Tether's CTO Paolo Ardoino. The company has roughly 85% of its investments in cash, cash equivalents, and short-term deposits. Tether claims USDT has approximately 2.5 billion in excess reserves on top of the 100% minimum reserves and implements a 20% increase in token supply quarter over quarter. 'Between our battle-tested resilience in the face of market volatility and our industry-leading transparency practices, Tether has proven that it can be trusted, and customers are responding in kind. We are eager to continue maintaining our laser focus on emerging markets and will not waver in our effor... read More

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