Ethereum (ETH) is holding its position as the world’s largest altcoin by market cap, which by press time is over $28 billion. The third largest crypto asset, Ripple (XRP), has only a minimal share of the pie among the top three digital coins. At the time of writing, it has a market cap of about $18 billion.
The latest surge in crypto prices was driven by unconfirmed reports that said Facebook’s cryptocurrency launch would happen last Tuesday. At the time, the details surrounding Facebook’s coin were very scarce.
The social media doyen on Tuesday confirmed that its global stablecoin named Libra is under development and will launch next year alongside the underlying blockchain network that will support it.
Industry experts believe Facebook’s foray into crypto could lend the crypto space an air of legitimacy that helps to drag cryptocurrencies out of the twilight and into the mainstream.
source: https://coindoo.com/total-cryptocurrency-market-cap-could-be-on-the-path-to-300-billion/
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