By Louis Lustenberger – Crescent City Capital Market Analyst Intern
Since March 15th, the cryptocurrency total market capitalization has risen nearly 45% from 151 to 337 billion. This dramatic rise has led to the emergence of new cryptocurrencies, some of which have exhibited substantial growth. Creditcoin (CTC) and Largo Coin (LRG) stand out amongst the newcomers who have had their market caps rise dramatically in recent months.
CreditCoin has 567 million coins in circulation, and over the past month, it increased its price by 6.88%. Since its ICO in April of 2020, CTC has grown 25% from its initial price of $0.4688 to $0.56650 and currently has a $328,147,483 market capitalization. Analysts at Digitalcoin predict the price of CTC could rise to $1.0642 by the end of 2020.
Largo Coin’s current market capitalization is $165,877,043 and has a circulating supply of 17 million. Since the coin’s ICO, the price has risen from $0.8712 to $9.75 and boasted an ROI of 4,776.96%. Although LRG’s price has stagnated around $10.00 for the past 5-6 months, the coin is projected to grow to $14.95 by the end of 2020.