The price of a crypto-currencies has shot up over the past few weeks.
It hit an all-time high of $4.5,000 earlier this month, but has since fallen back to around $3,000.
It has since recovered to around the current value of $20.
The reason is simple: there are so many new coins available.
As of June 30, the cryptocurrency market cap is over $20 billion, according to CoinMarketCap.
And with the launch of a new coin every other day, the total market cap will continue to rise.
But what’s behind the spike in demand?
CoinMarketPics recently published a chart that shows the surge in demand for cryptos.
The graphic shows that the average price for a coin is over five times that of the average for all other coins.
This is because the number of coins available for trade is so large.
“There’s a lot of demand right now, and so you can see it happening everywhere,” said Kevin O’Connor, founder of crypto-mining company Coinlab.
O’Connors told CBC News that people are starting to take notice of the new coin craze.
“I think people are really interested in these things.
They’re just buying them out of curiosity and want to see how the market will respond to it.”
O’Neil is a member of the Coinlab trading team, and has seen a lot more activity.
“People are buying them at a rate of one coin every 30 minutes, so that’s really crazy.
It’s just a really crazy thing to see,” he said.
A Coinlab trader in London. “
It’s just going to keep growing and growing.”
A Coinlab trader in London.
The cryptocurrency marketcap has doubled in the past week, as demand for crypto-coins continues to rise.(CBC News)O’Connans sentiment was echoed by one of Coinlab’s co-founders, Kevin Olliffe.
“When I first started the company back in 2013, we were selling crypto coins at about $30 per coin, and that was pretty standard at the time,” he told CBC.
“We have sold them over $300,000 in just the last year.
It was an incredible amount of money to just buy and sell a coin in a year.”
Olliffes team is currently running a small cryptocurrency exchange in London called Coinsmart, and he said that the demand for coins has gone up over time.
“This time of year, people are buying a lot.
I’ve had people from all over the world come in to trade them, and it’s been phenomenal,” he explained.
“For a lot people, it’s just been about trying to get some coin for their kids.
They don’t want to spend a lot on them, so they just want to get them out for free.”
Olliiffe explained that it’s not just people looking to gamble.
“A lot of people have come in with their kids to get their coins and to give them away for free,” he noted.
It’s this type of demand that Olliewas most excited about. “
But I’m not saying that the market is completely saturated, and we definitely don’t have any problems at all with people buying and selling coins.”
It’s this type of demand that Olliewas most excited about.
“The more people are trading, the more coins we’re going to get out,” he concluded.
“We’re not out of the woods yet,” he added.