China's brick-and-mortar experts and professors are out analyzing again

Zhong Yi from the China Financial Forty Forum: Cryptocurrency has changed dramatically, with a market value equivalent to 35% of the Chinese stock market

Private cryptocurrencies can be mainly divided into three categories: value storage cryptocurrencies, utility tokens, and stablecoins

Category I: Value storage cryptocurrencies, typical representatives include Bitcoin, Litecoin (LTC) and so on

Category II: Utility tokens, typical representatives include Ethereum (ETH), Solana (SOL) and so on

Category III: Stablecoins, typical representatives include USDT, USDC and so on

As of December 28, 2024, CoinGecko has recorded 16,022 types of cryptocurrencies from 1,200 exchanges worldwide, with a total market value of approximately $3.43 trillion and a trading volume of about $165.3 billion in the past 24 hours. In relative terms, this market value is equivalent to 5% of the total market value of the U.S. stock market and 35% of the Chinese stock market.

At the beginning of 2014, the total market value of cryptocurrencies worldwide was only $10.6 billion, and over the past ten years, the cryptocurrency market has achieved more than 300 times growth.