Just less than 3 months ago, Bitcoin managed to reach a historic milestone and its market cap exceeded $ 1 trillion. We took another important step this week, and according to CoinGecko and Blockfolio, the value of the cryptocurrency market has exceeded $ 2 trillion. In this way, they were able to catch up with a global giant such as Apple. It is the second most valuable company in the world after the state oil company Saudi Aramco.

Which cryptocurrencies are behind this incredible market growth?

Of course, Bitcoin and Ethereum, which have recently managed to create one new ATHs (All Time High) after another, have largely contributed to this growth. Bitcoin tested the value of $ 61,000 and Ether over $ 2,100. In addition, both cryptocurrencies maintain this price level despite a slight decline. Many analysts present the view that after the ongoing consolidation, in the future we can look at even more interesting prices of individual cryptocurrencies.

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In addition, according to Jonathan Habicht, a partner at Moonrock Capital, there are a large number of investors who are ready to immediately expand their portfolios with BTC, ETH and other well-known altcoins, in the event of any significant drop in prices. These cryptocurrencies thus create strong supports at current price levels, supported by institutional and retail investors.

Global companies, the stock market and even banks are helping

Cryptocurrencies are increasingly being helped in this growth by well-known world companies. The biggest ones are certainly Tesla, PayPal, MicroStrategy and Visa. It is only a matter of time before others follow, which will make a significant contribution to speeding up the adoption of digital currencies around the world. Quite unexpectedly, banks are gradually joining the support, but they are still more cautious in their statements. A good recent example is Morgan Stanley Investment Bank, which will offer cryptocurrency investments to its most solvent clients. According to the published information, they are responding to demand from their investors.

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The strongest American cryptocurrency exchange, Coinbase, also caused considerable excitement. On April 2, they announced that the SEC had approved their stock market registration. It is expected to be listed and publicly traded on the NASDAQ on April 14 this year. This will certainly attract the desired attention of investors from these traditional financial markets. This will ensure the spread of the idea and principles of cryptocurrencies to new and unknown waters. Depending on the success of this step, in the foreseeable future, we could witness similar actions of other large crypto exchanges, such as Binance, Huobi, SushiSwap and Uniswap.

The world of cryptocurrencies is currently experiencing strong momentum and is the subject of growing interest from all sides. We believe that we will soon witness the presentation of the highest quality solutions that will bring tangible benefits to people's daily lives and thus cryptocurrencies will have an even greater impact on the world economy. It is their usability in the real world that is crucial, and at some point, it will decide on their acceptance by the general public. In addition, at Dollero Technology, we are actively involved in this development with the entire team, and this year we will bring to market a groundbreaking crypto exchange platform that will introduce a completely new level of cryptocurrency trading. You definitely have something to look forward to!