Home Finance Market capitalization: The evolution of the top 10 crypto-currencies over 5 years!

Market capitalization: The evolution of the top 10 crypto-currencies over 5 years!

137
0

What has also changed is the top 10 most capitalized crypto-currencies, which has not always kept the same ranking over time.

How market capitalization has changed over the past 5 years.

Today, the market capitalization of all crypto-currencies is $1.5 billion.

A year ago, however, this figure was even higher. In 2021, most crypto-currencies have reached their all-time highs in terms of price, so it’s only natural that the market capitalization is even higher. We are talking about as much as $1.85 trillion in August 2021.

Between 2017 and 2020, we see a steady growth from year to year: if in 2018, the market cap had almost doubled from the previous year, from $125 billion to $225 billion, during 2019, it had increased to $305 billion, and then to $356 billion in 2020.

A very interesting growth is the one that occurs between 2017 and 2018 seeing that, after the period of ICOs, the adoption starts to be more important and the market cap doubles.

However, it is particularly important to highlight the period between 2020 and 2021, when the capitalization of the crypto-currency market more than tripled. from 356 billion to 1.85 trillion.. 2021 is actually, as mentioned, the year when many crypto-currencies marked their all-time highs and the period also when NFTs are gaining traction, helping the industry to reach out to the masses.

Read:  Bear Market: Is the bear market back for good and how long will it last?

Here’s a tweet that summarizes this ranking:

The top 10 cryptos from 2022 to 2017

The order of crypto-currencies by market capitalization has also changed over the years, although Bitcoin has always led the way.

For example, while in 2017 we found the Bitcoin Cash fork in third place, today we find the stablecoin Tether (USDT), while in fourth place in 2017 we found Ripple (XRP) instead of the current Binance Coin (BNB).

Other changes can also be found in the following positions, with IOTA, NEM, Monero and Dash now disappearing completely from the top 10 to make way for the other stablecoin USD Coin (USDC), Solana, Terra and Dogecoin, at least according to February 2022 data.

Read:  NFT sales volume drops 8% from last week, sector sinks further into crisis
Top 10 in 2017 vs. top 10 in 2022

If we then take the top 10 of the present moment, in August 2022, the list changes again and we find BUSD, Binance’s stablecoin and Polkadot instead of Terra and Dogecoin (the latter is now in 11th place).

The top 10 cryptos before 2017

Of course, even before 2017, the market capitalization of crypto-currencies varied widely, and the top 10 crypto-currencies also… have been constantly changing, in part due to the emergence of new projects.

While in 2014 it was Bitcoin (BTC), XRP, Litecoin (LTC) and Dogecoin (DOGE) that dominated the scene, following the launch of Monero (XMR), the latter entered the top ranks.

Then in 2015, the now-unknown StrongHands (SHND) project also slipped into the top 10, which now ranks at 2365.

By March 2017, Verge (XVG) had also entered the rankings, and Bitcoin Cash (BCH) in August 2018.

Dash (DASH), Nem (XEM), Stellar (XLM), and EOS (EOS) have also entered the rankings from time to time over the years, from 2014 until now.

Previous articleMexican Army intercepts aircraft with more than 400 kilograms of cocaine
Next articleThe history of manele in Romania: brothers, enemies, rivers of tears and mourning, women and loveles