The whole market of digital assets including cryptocurrencies has been on the hype for a year. Where some of the cryptocurrencies have been touching their new records. Ethereum, which after Bitcoin covers one of the largest shares in the market has also come into trend. Bitcoin has been considered as one of the safest investments under the umbrella of cryptocurrency but the soaring prices also cover risk factors among the investors. The market capitalization has crossed the point of three trillion which is one of the highest ever mark in the financial market.
Other cryptocurrencies are also coming into the race
There are currencies in the market which give tough competition to Bitcoin and Ethereum and maintain their rally. The value of Solana and “Binance Coins” has also taken a rally in their prices and added more than twenty per cent in their value. Therefore, this will be an interesting watch for the investors and traders in the market.
Breaking the market capitalization of three trillion
There have been several controversies regarding the acceptance of cryptocurrencies in different countries. There were many countries that at first protested against the use and trade of cryptocurrencies. However, ended up accepting looking at the high popularity and acceptance by people. Over the period of time, it has become one of the major attractions for investors. However, the regulation and rules are yet to be formed in the functioning of the cryptocurrencies but the acceptance by the countries will soon bring it into the framework.
