MArket Cap THreshold Progression
- Green bar: Days passed to reach next $10 billion threshold, in terms of market cap;
- Last bar represents today's market cap, and days passed since last threshold.
market cap threshold progression explained
The above charts give the reader a sense of how quickly or slowly the Bitcoin and crypto markets are growing, compared with history. The charts delineate US $10 billion thresholds in market cap, and how long it has taken Bitcoin (or altcoins) to reach that threshold, and then the next one after that, in terms of days. The charts' gridlines cover 100 days, or a little over 3 months of time.
For the Bitcoin and Global Cryptoasset charts, an initial market cap of $0 occurs on 3 January, 2009, the first day of Bitcoin. On this day, Satoshi Nakamoto ran Bitcoin's first node and launched the genesis block of Bitcoin. You can see that it took Bitcoin 1,549 days, or about 4 years and 3 months, for Bitcoin to reach $1 billion in market cap, on 1 April 2013.
For the Altcoin & Alternative Cryptoasset chart, an initial market cap of $0 occurs on 18 April, 2011, the first day of Namecoin. Namecoin was the first fork of Bitcoin. Note that the Altcoin chart by definition does not include Bitcoin. Therefore, altcoins and alternative assets such as Namecoin and Litecoin did not reach $1 billion in market cap until 27 November, 2013.