5 Top Cryptocurrencies By Market Capitalization
Bitcoin, the top digital currency in terms of market capitalization, has largely fluctuated in value over the past year. It saw about 10 spikes, but also some deep plunges. Even so, some other cryptocurrencies have managed to climb their way to the top.
The statement that this year has been a big one for cryptocurrencies is supported by the value spikes recorded by some of these digital currencies over the past few months. Nonetheless, we’ve also seen these values plummeting more than once. New digital currencies get launched every week, and lots of blockchain-related new businesses jump on this bandwagon, on the background of fundraising efforts via ICOs.
The realm of digital currencies is an extremely volatile one. You can be rich today and poor tomorrow. This is the list of the top digital currencies by market cap as of July 2018.
Bitcoin is the first cryptocurrency and still the market leader by far. As of now, the market capitalization of bitcoin is bigger than $125 billion, the price per coin being over $7,305.
According to Bitcoin News, there are more than 17 million BTC is circulation. This looks promising, despite some earlier speculations of Flippening, in which newer digital currencies would conquer the top position on the market. This is still a hot topic to talk about, as it isn’t for sure that Ethereum will replace Bitcoin any time soon.
Ethereum is a digital coin that has offered an initial ICO to gain some traction, and it comes second in our top of cryptocurrencies by market capitalization. This digital coin is such smaller than bitcoin, its current market cap being of only $50 billion, and its trading price of about $500 per coin. As of this date, there are a bit more than 100 million such tokens in circulation.
The third position in this top is taken by the well-known already Ripple, boasting a total market cap of almost $20 billion. Unlike Ethereum and Bitcoin, XRP tokens have a very small value, just a bit over 50 cents per unit. On the other hand, there are way more XRP tokens in circulation. Apparently, there are currently almost 40 billion tokens in circulation.
- Bitcoin Cash
Bitcoin cash is the result of a splitting of the original bitcoin, and it is the fourth in our top of all cryptocurrencies by market cap. Its total market capitalization is around $14.5 billion, with a market price of almost $900 per token and a total circulation of almost 17.3 million BCH.
With a market cap of $7.83 billion, EOS is the last in our ranking. Its total circulation is almost 900 million tokens. While these figures are much lower than the previous ones, predicting the evolution of this digital currency over the next few years is a difficult thing to do.
If you want to stay up to date with the latest news about cryptocurrencies and their market evolution, you are welcome to follow us on our social media channels.