Binance’s Changpeng Zhao tweeted something that has the crypto space hyped. Check out his tweet below.
#bitcoin market cap is bigger than Facebook. 👀
See more here:https://t.co/mrfzI958YM
— CZ 🔶 Binance (@cz_binance) April 17, 2021
Someone commented: ‘Interesting records have been recorded this month. For example, on April 15, the number of downloaded trading applications from social networks in the App store was higher.’
CZ’ s tweet is linked to data that is showing that BTC is already the world’s most valuable crypto by market cap.
Beincrypto notes that “With a market cap of over $1.1 trillion as of April 17th, BTC beats out Facebook’s $869 billion. It now only ranks below Apple, Microsoft, Amazon, and Google.”
BTC reached new ATHs during this week. At the moment of writing this article, BTC is trading in the red and the king coin is priced $60,890.01.
The same online publication mentioned above also brings up Coinbase.
“Not an inconsiderable way ahead at $63 billion market cap is Coinbase. The cryptocurrency trading platform made its debut on the stock market this week. It closed its first day of trading at $328, over 30% more than the IPO’s reference price, following that with $323 on the second day,” according to the notes.
Crypto market could surge 500x
Raoul Pal recently said that the crypto market could surge 500x. The prices of the digital assets exploded these days. For instance, ETC and VET managed to rise by more than 40% in the past 24 hours.
The crypto market has been exploding this year and Raoul Pal says that investors don’t even have a clue about the magnitude of what is happening.
The entire crypto market could increase in size by 50,000%, he recently said.
During an interview on the Gestalt University podcast, Pal said that the public is generally unprepared for the ways in which digital assets could transform the current financial landscape.