Non-Bitcoin Asset Blockchain Market Capitalizations Jump 1600% in 3 Years

Non-Bitcoin Asset Blockchain Market Capitalizations Jump 1600% in 3 Years

Bitcoin remains king of the hill in blockchain market capitalization, but alternative asset blockchains are nipping higher at bitcoin’s heels.

Non-bitcoin asset blockchains have expanded market value significantly in the last three years, jumping 1,600% while bitcoin’s market gap grew 300%, according to an analysis of coinmarketcap data by Venturebeat.

The article, written by Alex Sunnarborg, chief financial officer and co-founder at Lawnmower.io, a mobile app for investing in blockchain and bitcoin technologies, notes that the expansion of non-bitcoin assets offers investment opportunities for those looking to diversify portfolios.

Blockchain Assets Grow

The market for non-bitcoin blockchain assets totaled $92 million on April 28, 2013, while bitcoin exceeded the $1 billion cap one month earlier. The non-bitcoin blockchain market exceeded $1.6 billion on March 21, 2016. (By then, bitcoin was at $6.318 billion.)

Chart 1

Data Source: Coinmarketcap

Chart 2

Data Source: Coinmarketcap

Charta 3Read more ... source: TheBitcoinNews

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