The combined market capitalization of all cryptocurrencies reached $ 800 billion on Sunday, a few days after reaching the record high of 700 billions of dollars. The number is over $ 825 billion at the time of writing and continues to grow.

<img alt=" B "src =" https://cointelegraph.com/storage/uploads/view/4fb16dc4d75974bd93a3ab6a19a634a1.png "title =" B "/>

After a period of strong two days down just before the New Year, the majority of cryptocurrencies are again growing, contributing to the rapid increase in combined market capitalization.

The last historical record reaches a little less than One month after the market reached a total capitalization of $ 500 billion, this huge growth, coupled with the fact that 2017 started at $ 18 billion, seems to indicate that cryptocurrency is of course

Speaking of the individual pieces that feed this upward momentum, several are notable: the bitcoin, the original cryptocurrency, oscillates between $ 16,500 and $ 17,000 in a relatively stable price range., With a slight growth in the course of e last week. However, the share of its capitalization compared to that of the market as a whole is still at its lowest historical level of about 34%, as major competitors seem to have outpaced it.

<img alt=" B "src =" https://cointelegraph.com/storage/uploads/view/2fcdbdfd2f7423c61c411a83e63e66f3.png "title =" B "/>

Ethereum, for example, broke the $ 1,000 mark for the first time this Friday and continues to grow Among the probable reasons for this dynamic is the huge level of adoption of cryptocurrency, which seems to be higher than that of the rest of the market.

Ripple is another big growth producer on the market and started to skyrocket in mid-December 2017 and has already succeeded in supplanting Ethereum as the second cryptocurrency by market capitalization, making its own president potentially the richest person on the planet.

you do not take into account the main actors, there are many factors that explain why the numbers increase so fast. coins reach billion-dollar capitalisations, countries issue their own cryptocurrency, and prominent technology CEOs like Thiel and Zuckerberg look at the industry, a combined trillion-dollar market capitalization can easily seem a distinct possibility .