Tuesday, January 18, 2022

2021’s Digital Asset Shuffle: A Myriad of Crypto Market Cap Positions Moved Chaotically This Year – Markets and Prices Bitcoin News

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2021 has been a bullish yr for crypto belongings. While costs have risen an excellent deal, the highest ten and high twenty rankings in phrases of market capitalization have additionally modified considerably. A nice quantity of cash have both been pushed down or have entered the crypto economic system’s high positions in phrases of total market valuation.

2021’s Top Crypto Asset Positions Change Drastically

On December 27, 2020, a historic snapshot of the crypto costs that day reveals that bitcoin (BTC) and ethereum (ETH) each led the pack so far as the highest two crypto asset market valuations are involved. This remains to be true at this time as each BTC and ETH are the highest two market leaders. However, on December 27, 2020, bitcoin’s worth was $26,272 per unit and BTC had a market cap of $488 billion. Additionally, ethereum was altering fingers for $682 per unit on that very same day, and had a market cap of round $77.8 billion.

The high ten digital currencies on December 27, 2020, in line with coinmarketcap.com’s historic high coin index.

Fast ahead to December 26, 2021 statistics, and BTC was buying and selling for $50,809 per unit and had an total market valuation of round $960 billion. ETH on December 26, 2021, traded for $4,067 per coin and held a market capitalization of roughly $483 billion. We know that costs have modified since December 27, 2020, however BTC and ETH nonetheless lead the pack in phrases of the highest crypto positions. On the opposite hand, the remainder of the highest 20 cash have been shuffled like a deck of playing cards.

2021's Digital Asset Shuffle: A Myriad of Crypto Market Cap Positions Moved Chaotically This Year
The high ten digital currencies on December 26, 2021, in line with coinmarketcap.com’s historic high coin index.

Tether (USDT) held the third-largest market place final yr and at this time, it’s transitioned to the fourth-largest crypto asset in phrases of market valuation. Last yr, xrp (XRP) held the fourth rank however at this time, XRP has moved to the seventh-largest crypto coin place. A yr in the past, litecoin (LTC) was the fifth-largest crypto asset in phrases of total valuation however LTC has dropped all the way in which right down to the nineteenth spot. Similarly, bitcoin money (BCH) held the sixth-largest market valuation final yr, however on December 26, 2021, BCH was hovering across the twenty fifth rating.

Binance coin (BNB) managed to extend its market place and is the third-largest market as of December 26, however a yr in the past BNB’s market cap held the seventh-largest place. Chainlink (LINK) was within the eighth spot final yr, however as of December 26, LINK has dipped right down to the twentieth coin market cap rating. Cardano (ADA) was hovering across the ninth-largest market place final yr however has moved as much as the sixth in a yr’s time. Lastly, polkadot (DOT) was the tenth-largest market and additionally held that place on December 26.

New additions to the highest ten standings embody terra (LUNA) within the ninth place, USDC has entered the eighth-largest coin market cap rating, and solana (SOL) holds the fifth spot at this time. LUNA’s market cap final yr was within the 67th place, USDC held the eleventh spot, and SOL was ranked 139th on December 27, 2020.

In addition to the highest ten standings, a big amount of tokens from the tenth to the twentieth positions additionally shuffled an excellent deal this yr. Many cash moved ahead and a myriad of tokens dropped the positions they as soon as held final yr. It goes to indicate that 12 months on the earth of crypto can change issues drastically.

Tags on this story
ada, Bitcoin, bitcoin money, bnb, BTC, Cardano, Crypto asset, crypto belongings, Crypto Coins, DOT, ETH, ether, Ethereum, LiNK, litecoin, LUNA, Polkadot, SOL, Solana, Terra, Tether, Top 10, Top 20, USDC, USDT

What do you consider the highest ten shakeup that happened this yr? Let us know what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 5,000 articles for Bitcoin.com News in regards to the disruptive protocols rising at this time.

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