Cryptocurrency Inflation Rate Was 35% In 2018
According to Diar research the cryptocurrency market capitalization increased by $ 15 billion , in 2018 due to the release of new digital assets and mining, while the inflation rate was 35%. Diar has published the results of analysis on the official website.
In 2018, the level of cryptocurrency market cap decreased by 79% (from $ 613 billion to $ 125 billion). However, $ 15 billion accounted for the cryptocurrency created or mined last year, so the actual level of capitalization fell much more.
One third of this amount accounts for Bitcoin (BTC), Ethereum (ETH) and Bitcoin SV (BSV). Another $ 5 billion was a result of new digital assets release. Stable cryptocurrencies added $ 1.2 billion to the level of capitalization, while the circulating offer of all virtual currencies increased by about $ 4.2 billion.
In 2018, over 700 cryptocurrencies were launched. Thus, over the past year, the number of virtual currencies has increased by almost 50%. The inflation rate as a result of the emission of new coins in 2018 was 35%. During the same period, blockchain projects got out about 195 million tokens. However, Binance cryptocurrency exchange has burnes its own coins as part of the Binance Coin (BNB) coins destruction stages.
In 2018, the cryptocurrency market collapsed. If we compare the level of capitalization at the moment to the indicator at the beginning of 2017, the situation does not look so gloomy. In January 2017, the market cap was only $ 18 billion, and $ 113 billion now. Despite the depreciation of most digital assets, we are seeing a significant growth in the cryptocurrency market over a two-year period.