Crypto landscape: ten years of growth, change, advances and retreats - Qoneqt
seach-icon
  • user-img

    Vikshita Vitthal Gujaran in Crypto News

    28-Dec-2023 04:19 PM


    thumbnail

    Crypto landscape: ten years of growth, change, advances and retreats

    Many top coin projects a decade ago have fallen off, while Bitcoin remains resilient and has made the most gains in ten years.

    While some digital assets have stood the test of time, others have tumbled below the thousands of new digital currencies that exist today.

    On Dec. 28, the total market capitalization for the crypto space stood at around $1.77 trillion, with Bitcoin BTC tickers down $43,169 still leading the charge at $842 million. It’s followed by market leaders like Ether ETH tickers down $2,396 , BNB tickers down $327 , and Solana SOL tickers down $106 , as well as stablecoins like Tether USDT tickers down $1.00 and USD Coin USDC tickers down $1.00 .Projects like XRP tickers down $0.65 , Cardano
    ADA tickers down $0.651 and Avalanche AVAX tickers down
    $42.23 are also in the top ten digital assets by market cap and have proved their resilience over the years. In addition, Lido Staked Ether (stETH), which represents staked ETH in the liquid staking protocol Lido and combines the value of the initial deposit and staking rewards, is also in the top ten.

    On Dec. 28, 2013, the top ten tokens by market cap looked very different compared to today. A snapshot from coin data tracker CoinMarketCap shows that the total market cap for crypto was around $12 billion. BTC traded at $726.89, with a total market cap of $8.8 billion. This means that the digital asset has grown by almost 100 times since then.

    Another token leading the charts ten years ago was Ripple, now known as XRP. A decade ago, the token followed BTC, taking the number two spot in market capitalization. The token traded at $0.027 with a market cap of $2.6 billion. The next token was Litecoin LTC tickers down $77.24 , which cost $22.66 at the time and had a $550 million market cap. Both coins had price appreciations and are still some of the most traded tokens today.

    While the top three tokens have grown in price and total valuation, the same can't be said for the rest of the list. MasterCoin, now known as Omni, used to be in the top four, with a market cap of around $100 million. Today, the token is ranked 2337 at CoinGecko, with a total valuation of $1 million.

    Source - Coin Telegraph