What are the 10 Largest Cryptocurrencies by Market Cap?
Cryptocurrencies are valuable because people believe they will be valuable in the future. And the more people believe a given cryptocurrency will be valuable, the higher its market cap. As of this writing, Bitcoin is worth $7,000 USD per coin, with a market cap of $120 Billion. Ethereum is worth $300 per coin, and has a market cap of about $28 Billion. Litecoin is worth about $60 per coin, with a market cap of a little over $3 Billion.
The entire cryptocurrency industry is valued at over $400 Billion dollars. There are 1,500+ cryptocurrencies available today – so how can you tell which ones are the top 10 largest cryptocurrencies?
If you’re looking to invest in cryptocurrencies, it’s important to understand that market capitalization is an important metric. Market capitalization refers to the total dollar market value of a company’s outstanding shares. A single share’s par value is its face value, and the total par value of all issued and outstanding stock constitutes the company’s stated capital.
The top 10 cryptocurrencies by market capitalization have been relatively stable for the past month. Bitcoin and Ethereum, the two largest coins by market cap, have seen modest gains, but the others have been flat or down since mid-May.
The market cap of each of these top 10 coins is more than $1 billion. The total market cap of all cryptocurrencies today is $354 billion.
Bitcoin stands at $8,862 with a market cap of $154 billion. It has a circulating supply of 17,636,000 BTC and a 24-hour volume of $5 billion.
Ethereum stands at $597 with a market cap of $60 billion. It has a circulating supply of 99 million ETH and a 24-hour volume of $1 billion.
Ripple stands at $0.73 with a market cap of $28 billion. It has a circulating supply of 39 billion XRP and a 24-hour volume of $216 million.
Bitcoin Cash stands at $1,223 with a market cap of $20 billion. It has a circulating supply of 16 million BCH and a 24-hour volume of $242 million.
EOS stands at $10 with a market cap of over $9 billion. It has a circulating supply
Cryptocurrency market capitalization has soared this year, with coins like Bitcoin and Ethereum breaking into the mainstream. In the CryptoMarkets subreddit, there are over 253k subscribers. The main topic of discussion is whether or not these cryptos will reach a new all-time high, or if they will crash and become worthless.
There are now over 1,500 cryptocurrencies available on the web. The largest by market cap are Bitcoin ($16 billion), Ethereum ($14 billion), and Ripple ($9 billion). Most of these coins have small market caps, but there are some that have grown larger than $1 billion.
There are so many different cryptocurrencies that it can be difficult to keep track of them all. CoinMarketCap tracks the total market cap for all cryptocurrencies, as well as individual coin prices and trading volume. The site also provides a list of the top 10 by market cap.
If you’re looking to invest in cryptocurrencies, chances are you’ll be looking at some of the top 10 coins by market cap. However, it’s also important to consider the risk involved with each coin and the future potential of each coin.
Thus, instead of just listing out the top 10 cryptocurrency coins by market cap, I’ve taken the time to research each coin individually, so you can make a better and more informed decision when you decide which crypto-coins are worth investing in.
10th – Tether (USDT) – $2 billion Market Cap
The top 10 cryptocurrencies by market capitalization represent a who’s who of the crypto world. But what about the next 10 coins? In this article, we’ll be looking at the remaining largest cryptos in order of market cap size to see just which coins are making up the top 20.
It’s worth noting, however, that while these coins rank highly on market cap and traded volume, they are not necessarily representative of the best investment opportunities available. While there is almost certainly some correlation between coin price and market cap, it is not necessarily a strict relationship. Some of these coins may well rise in value over time, and some may fall into obscurity.
What is “Market Cap”?
The term “market cap” (short for “market capitalization”) is used to describe the total value of a coin or token. It does this by multiplying the current price against its available supply. For example, if you were to look at Bitcoin’s current market cap, it would be calculated like this:
Market Cap = Current Price x Available Supply
This is a list of cryptocurrencies. The number of cryptocurrencies available over the internet as of 27 November 2017 is over 1324 and growing. A new cryptocurrency can be created at any time. By market capitalization, Bitcoin is currently (2017-08-19) the largest blockchain network, followed by Ethereum, Bitcoin Cash, Ripple and Litecoin.
According to research produced by Cambridge University there were between 2.9 million and 5.8 million unique users using a cryptocurrency wallet, as of 2017, most of them using bitcoin.
The first decentralized cryptocurrency, bitcoin, was created in 2009 by pseudonymous developer Satoshi Nakamoto. It used SHA-256, a cryptographic hash function, as its proof-of-work scheme. In April 2011, Namecoin was created as an attempt at forming a decentralized DNS, which would make internet censorship very difficult. Soon after, in October 2011, Litecoin was released. It was the first successful cryptocurrency to use scrypt as its hash function instead of SHA-256. Another notable cryptocurrency, Peercoin was the first to use a proof-of-work/proof-of-stake hybrid.
IOTA was the first cryptocurrency not based on a blockchain, and instead uses the Tangle. Built
The world has gone digital, from the development of smart homes to the development of innovations that promote seamless transactions. Every industry is feeling the impact of technology now more than ever.
In every part of the world, the technologically driven goals remain the same: the maximization of profit and the promotion of sustainable development in all spheres of life. It is this yearning to make life as easy as possible that brought about the birth of cryptocurrency.
What is cryptocurrency? This question gets thrown around especially now that cryptocurrencies have become such a global phenomenon. Simply put, a cryptocurrency is a digital or virtual currency that is secured by cryptography. Cryptocurrency uses encryption technology to regulate the generation of currency units as well as verifying fund transfers. Transactions are recorded on a distributed ledger called blockchain which is publically available on the internet. Due to its decentralized nature, crypto coins are not under the control of any government or financial institution which makes them highly resistant to censorship, fraud and any third-party interference.
The market cap for cryptocurrencies has been growing tremendously since its inception with Bitcoin’s rise in 2009 leading to a $0.01 market cap in 2010 to now over $66 billion in 2017. The entry of other cryptocurrencies such as Ethereum’s Ether and Ripple’