5 Big Banks Currently Testing Ripple's Blockchain Technology
When the calendar does finally turn on 2017, investors are liable to look back in awe at a truly remarkable year for cryptocurrencies. According to data from CoinMarketCap.com on the aggregate value of more than 1,300 digital currencies, the total cryptocurrency market cap is just over a half-trillion dollars ($503 billion) as of Dec. 12. Mind you, it began the year at just $17.7 billion.
Not surprisingly, bitcoin has stolen the show. Its current market cap comprises roughly 58% of the half-trillion in total crypto-market value, and as the most popular cryptocurrency, it garners most of the attention. With regard to bitcoin, investors have flocked to it as a result of the weaker U.S. dollar, as well as growth in the number of merchants who now accept it as a form of payment.
Image source: Getty Images.
Source: Fool.com
