Altcoin News: MarketCap Exceeded $260 Billion Amid Rising Prices of Altcoins

May 16, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The aggregate capitalization of the cryptocurrency market this morning exceeded $260 billion. Unlike the previous period, when altcoins accounted for varying success to catch up with Bitcoin, this time it was their growth that caused the increase.

Credit: CoinMarketCap

So, Ethereum gained 15% and exceeded $260, Stellar — 27%, NEM — 42%.

Credit: Coin360

In addition to raising the capitalization of the cryptocurrency segment to the level of early August last year, the data of CoinMarketCap indicate the setting of another record in terms of daily trading volume — it exceeded $112 billion. which is also greater than the values ​​observed before.

The rise in Bitcoin price in the last 24 hours was about 1,2%. As a result, the dominance index of its market share over the rest of cryptocurrencies dropped from 60% to 56%.

Author: Marko Vidrih