Although the crypto economy is worth more than 2.35 trillion U.S. dollars, a variety of new cryptocurrencies have recently occupied the top ten in terms of market value. Two years ago, the top ten crypto assets by market capitalization looked very different from today, and things have changed a lot in the past 12 months.
Top 10 crypto assets in August 2019
Since the birth of crypto assets, Bitcoin (Bitcoin) Has the largest market valuation of all existing tokens, and no other digital currency takes the first place. We know that the value of the crypto economy exceeds US$2.3 trillion, and the dominance of more than 10,000 cryptocurrencies is changing. Ten major changes are taking place, and the top ten crypto asset positions in terms of valuation have undergone great changes last year and the year before.
At the end of August 2019, Bitcoin (Bitcoin) Is at the top of the list, but the market value is only around US$181 billion. Nowadays, Bitcoin The overall market is valued at US$929 billion, which is 413% higher than in August 2019. In the summer of the same year, Ethereum (Ethereum) Is the second-largest crypto asset by market value, with a market value of slightly more than 20 billion U.S. dollars. Nowadays, Ethereum The total valuation is approximately US$443 billion, an increase of 2115% in two years.
In August 2019, Ripple Holds the third largest cryptocurrency valuation with a market value of 11 billion U.S. dollars.The market value has increased by 427%, but Ripple It now ranks sixth in the top ten in terms of valuation. Bitcoin Cash (Bitcoin cash) Is the fourth largest cryptocurrency ceiling at the end of the summer of 2019, with a total valuation of 5 billion U.S. dollars.Today is 12.4 billion US dollars, an increase of 148%, but Bitcoin cash It currently ranks 15th in terms of market valuation. Litecoin (LTC) Two years ago, it occupied the fifth largest market with 4 billion US dollars, but today, LTC Located at the 16th position.
Binance Coin (Bitcoin) Successfully rose from the sixth place that year because it now has the fourth largest crypto market valuation today. Tether (USDT) From seventh place two years ago to today, USDT It is the fifth position. Tether is still the most valuable stablecoin and has remained unchanged for two consecutive years. EOS Ranked eighth in 2019 and today, EOS The market value fell all the way to 35th place.
Bitcoin (BSV) Ranked 9th in 2019 with an outstanding performance (XLM) In August of the same year, he took the tenth place. BSV The market value fell to 52nd place, XLM It is now the 22nd largest crypto asset. BSV The market capitalization at that time was US$2.3 billion, and it has now increased slightly (34.78%) to US$3.1 billion today. Stellar’s market value is 1.4 billion U.S. dollars, and today’s market value is 8.5 billion U.S. dollars, an increase of 507%.
Top 10 crypto assets in August 2020
In August 2020, the situation is also different.although Bitcoin with Ethereum Occupy the first and second positions, Ripple Really almost surpassed by tether (USDT) that year. Ripple Ranked third with a market value of 12 billion U.S. dollars, USDT Approximately USD 10 billion in August 2020. then, Bitcoin cash, BSV, LTC, with Bitcoin Still a top ten contender. At the same time, Chainlink (LINK) holds the fifth largest market capitalization at a valuation of US$5.7 billion. LINK is now the 12th largest token in market capitalization, with $13.5 billion.
Crypto.com (CRO) ranked ninth in August 2020 with a market capitalization of 3.5 billion U.S. dollars, while CRO today ranked 43rd with a market capitalization of 4.1 billion U.S. dollars. Interestingly, in 2021, all the top ten tokens have a market value of more than 20 billion U.S. dollars. In August 2020, only five coins have a market value of more than 10 billion U.S. dollars, while in 2019, only three coins have a market value of more than 10 billion U.S. dollars. CRO and BSV In the past two years, market valuations have hardly risen, while other markets have seen much larger gains.
In addition, things like Dogecoin (DOGE), Solana (SOL), Cardano (Have), Polkadot (DOT) and U.S. Dollar Coin (USDC) are all newcomers in terms of the top ten cryptocurrencies. Solana (SOL) has risen by more than 19% in 24 hours and recently flipped Dogecoin (DOGE) in terms of market capitalization.
What do you think of the changes in the top ten cryptocurrencies in the past two years? Please tell us your thoughts on this topic in the comments section below.
Image Source: Shutterstock, Pixabay, Wiki Commons, Coingecko, Coinmarketcap.com,
Disclaimer: This article is for reference only. It is not a direct offer or invitation to buy or sell, nor is it a recommendation or endorsement of any product, service or company. Bitcoin Network Does not provide investment, tax, legal or accounting advice. The company or the author shall not bear direct or indirect responsibility for any damage or loss caused or claimed to be caused by using or relying on any content, goods or services mentioned in this article.