Title: Cryptocurrency Total Market Cap in 2017: An Insight into the Digital Currency Landscape

Introduction:

The year 2017 was a pivotal year for cryptocurrencies, with the market experiencing significant growth and attracting global attention. In this article, we will explore the total market cap of cryptocurrencies in 2017 and provide an insight into the digital currency landscape.

What is Cryptocurrency Market Cap?

Market cap is a metric used to measure the total value of a cryptocurrency. It is calculated by multiplying the total number of coins or tokens by the current price. In the case of cryptocurrencies, market cap provides an indication of the size of a particular coin or token's community and its potential for growth.

Cryptocurrency Market Cap in 2017: An Overview

In 2017, the cryptocurrency market experienced unprecedented growth. The total market cap of cryptocurrencies increased significantly, reflecting the popularity and adoption of digital currencies. At the start of the year, the market cap was relatively small, but it grew exponentially as the year progressed.

Top Cryptocurrencies by Market Cap in 2017

In 2017, Bitcoin dominated the cryptocurrency market, with its market cap accounting for a significant proportion of the total market cap. Other top cryptocurrencies by market cap included Ethereum, Ripple, Bitcoin Cash, and others. These cryptocurrencies have since grown in popularity and have attracted investors from all over the world.

Factors Affecting Cryptocurrency Market Cap

There are several factors that affect the market cap of cryptocurrencies, including:

1. Price volatility: The price of cryptocurrencies is highly volatile, which means that their value can fluctuate significantly over short periods of time. This volatility has both positive and negative effects on market cap.

2. Blockchain technology: The underlying blockchain technology of cryptocurrencies plays a crucial role in their market cap. As blockchain technology improves and becomes more widely adopted, the market cap of cryptocurrencies is likely to increase.

3. Regulatory framework: The regulatory framework surrounding cryptocurrencies also affects their market cap. As more countries adopt favorable regulations for cryptocurrencies, their market cap is likely to grow.

4. Adoption and usage: The broader adoption and usage of cryptocurrencies are crucial factors that affect their market cap. As more businesses and individuals adopt cryptocurrencies, their market cap will continue to grow.

Conclusion:

The year 2017 was a pivotal year for cryptocurrencies, with the market experiencing significant growth. The total market cap of cryptocurrencies reflected the popularity and adoption of digital currencies. As the cryptocurrency landscape continues to evolve, the market cap is likely to grow further, driven by factors such as blockchain technology, regulatory framework, and adoption and usage.

Outline:

1. Introduction: Overview of cryptocurrency market in 2017

2. What is Cryptocurrency Market Cap?

3. Cryptocurrency Market Cap in 2017: An Overview

4. Top Cryptocurrencies by Market Cap in 2017

5. Factors Affecting Cryptocurrency Market Cap

6. Conclusion: Looking ahead at the future of cryptocurrency market cap.