Top-10 Coins Capitalization Race (2013 —2019)
Given that it was just ten years ago that the first Bitcoin transaction was sent, it’s nothing short of astonishing to see how fast the industry has grown and how many new assets have gained traction.
Just 6 years ago, the landscape looked completely different – and the top 10 cryptocurrencies by market capitalization featured a set of names that newcomers to the space would barely recognize.
In this unique visualization, you can track the top 10 cryptoassets by market cap, from crypto’s early days in 2013 until today.
Here are some standout features from crypto’s wild ride:
Market Cap Surging
First and foremost, just looking at the changing scale on the chart which shows just bow dramatic the change has been. Starting at little over $1.5 billion dollars in 2013, the total market cap of all cryptoassets grew substantially in the years that followed, peaking at nearly $16bn in November 2013, before really taking off in 2017 to reach an all-time high of close to $800bn at the peak of the bull market in December 2017.
Bitcoin is King
Another immediately recognizable feature of the race is bitcoin’s enormous dominance over rival altcoins. As can be seen from the visualization, in general bitcoin’s dominance has actually subsided since 2013, reaching a low at the height of the bull market in January 2018. Interestingly, the closest bitcoin came to being matched was earlier, on June 13, 2017, when Ethereum’s market cap reached over $38bn, approaching that of bitcoin at just over $44 billion. However, ‘the flippening’ – ETH overtaking BTC in marketcap – never happened.
XRP vs Litecoin and Ethereum
Watching XRP fight for dominance over two other top altcoins – LTC and ETH is another interesting battle to watch in the race. Swapping places many times between 2013 and 2017, XRP finally broke away in 2017 as it saw enormous popularity and widespread recognition,in 2017 its price climbed from $0.0065 and closed the year at $1.98!
Ethereum vs. XRP has been a more one-sided battle since Ethereum took off in earnest in 2016, but with XRP dipping above ETH on several occasions in 2017 and 2018, and again early this year after the ETH price dropped substantially towards the end of 2018.
One more current trend that’s worth noting is the dramatic rise of Binance Coin (BNB). Launched in 2017, the native coin of the Binance exchange rapidly shot into the top 10 in 2019.
Used as the exclusive currency to purchase new token sales on its platform Binance Launchpad, the rise of BNB is emblematic of a new trend of IEOs (Initial Exchange Offerings) that is one of the most talked about dynamics in 2019.
No doubt the top 10 cryptoassets by market cap will be very different in 2025, although it does look like Bitcoin will retain its crown.