While the crypto economy is worth greater than $2.35 trillion, there’s a wide range of new cryptocurrencies which have claimed top ten positions, by way of market capitalization, in current instances. Two years in the past, the top ten crypto assets by market cap seemed lots totally different than today, and issues have additionally modified an awesome deal previously 12 months.
The Top Ten Crypto Assets in August 2019
Since the crypto asset’s inception, Bitcoin (BTC) has held the biggest market valuation out of all of the coins in existence and no different digital currency has ever taken the highest place. We all know the crypto financial system is valued at more than $2.3 trillion, and out of the 10,000+ cryptocurrencies, dominance levels are altering. The Top ten shifts are taking place, and the top ten crypto-asset positions in terms of valuation have changed a great deal last year and the year before.
At the end of August 2019, bitcoin (BTC) held the top place however only had a market valuation of around $181 billion. Today, BTC has a general market valuation of $929 billion or 413% greater than it was in August 2019. That very same summer, ethereum (ETH) was the second-largest crypto asset by market cap with just over $20 billion. Immediately, ETH has an overall valuation of around $443 billion which is a whopping 2,115% improvement in two years.
In August 2019, XRP held the third-largest crypto valuation with an $11 billion market cap. The market cap has elevated by 427% however XRP now holds the sixth-largest position in terms of valuation among the top ten. Bitcoin cash (BCH) was the fourth largest crypto cap within the late summer of 2019 with an overall valuation of $5 billion. Immediately it’s $12.4 billion which is a rise of 148%, but BCH is now in 15th place by way of market valuation. Litecoin (LTC) held the fifth biggest market with $4 billion two years in the past, however today, LTC is in the 16th position.
Binance coin (BNB) managed to move up from the sixth position that year because it now holds the fourth largest crypto market valuation today. Tether (USDT) moved up from two years in the past when it was within the seventh place and right this moment, USDT is the fifth position. Tether remains to be probably the most valuable stablecoin and has been for the last two years in a row. EOS was in the eighth position again in 2019 and right this moment, EOS has slid all the way in which down to the 35th top place in terms of market cap.
Bitcoinsv (BSV) was in ninth place in 2019 and stellar (XLM) held the tenth position in August the same year. BSV has plummeted to 52nd place by way of market cap and XLM is now the 22nd largest crypto asset. BSV had a $2.3 billion market cap again then and it has improved a bit (34.78%) to today’s $3.1 billion. Stellar had a $1.4 billion market valuation while today it’s $8.5 billion, gaining 507%.
The Top Ten Crypto Assets in August 2020
In August 2020, issues had been additionally totally different. Whereas BTC and ETH held the first and second place, XRP was actually near being overtaken by tether (USDT) that year. XRP held the third position with a $12 billion market cap and USDT was around $10 billion in August 2020. At that time, BCH, BSV, LTC, and BNB remained the top ten contenders. In the meantime, Chainlink (LINK) held the fifth-largest market cap with a $5.7 billion valuation. LINK is now the 12th largest coin market cap today with $13.5 billion.
Crypto.com (CRO) was in the ninth position in August 2020 with a $3.5 billion market cap and CRO is sitting in the 43rd position right this moment with $4.1 billion. It’s interesting to notice that all the top ten coins in 2021 have market caps of over $20 billion. Whereas in August 2020, only 5 coins had market caps over $10 billion, and in 2019 only three coins were over $10 billion. CRO and BSV have seen little or no increases in market valuation in two years, whereas different markets have seen a lot bigger good points.
Furthermore, coins like dogecoin (DOGE), solana (SOL), cardano (ADA), polkadot (DOT), and usd coin (USDC) are all newcomers as far as the top ten cryptos are concerned. Solana (SOL) is up more than 19% in 24 hours and recently flipped dogecoin (DOGE) in terms of market cap.