Bitcoin transactions are within 2% of it Historical high Although Ethereum, Solana, and Polkadot have pushed a previously unknown price range, CoinGecko estimates that the total market value of cryptocurrencies exceeds $3 trillion for the first time.
According to CoinGecko’s data, the total market value of cryptocurrencies hit a record high 2.62 trillion US dollars On October 20, it increased by 14.5% in less than three weeks.
The total market value of cryptocurrencies previously reached a peak of nearly US$2.62 trillion on May 12 this year, and then rebounded from a local low of US$1.24 trillion on July 20. In the last bull market cycle, the total market value of digital assets reached US$848.6 billion on January 6, 2018.
CoinGecko’s data tracks 10,418 digital assets in 518 countries Cryptocurrency exchange.
Although the price of Bitcoin has risen impressively in the past two years, BTC’s market dominance has fallen by 42.8% since reaching a high of 70.8% on September 6, 2019.
Although Bitcoin still beats its closest competitor with a market share of 40.5% or $1.22 trillion in market share, while Ethereum is 18.6% or $560 billion, the total market capitalization of all other cryptocurrencies is 40.9% or 1.24 trillion US dollars-a testament to the increasingly diversified digital asset field.
According to Messari’s Ethereum filter, the filter currently tracks 209 projects that have been built on the network, and the current market value represented by the Ether ecosystem is US$829 billion Or a 27.6% advantage.