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The Spectacular Volatility of Cryptocurrencies and the Role of Blockchain
The market cap for cryptocurrencies was $16 billion at the start of 2017. It rose spectacularly by nearly 700% to $110 billion by June 2017, then fell to less than $70 billion by the middle of July – then up again to over $100 billion in early August.
This level of volatility is unsettling but not unusual when you put into context how nascent blockchain is.
This PoV assesses the seven key factors driving these dramatic movements in cryptocurrency and discusses implications for enterprise adoption of the blockchain.
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