A large number of crypto market capitalizations moved chaotically this year – markets and prices – Crypto News
2021 was an optimistic year for crypto assets. While prices have risen sharply, the top ten and top twenty rankings have also changed significantly in terms of market capitalization. A large number of coins have either been pushed down or have moved to the top of the crypto economy in terms of overall market valuation.
The top positions of crypto assets in 2021 are changing drastically
On December 27, 2020, a historical snapshot of crypto prices on that day shows that Bitcoin (BTC) and ether (ETH) both led the way for the top two market ratings of crypto assets. That still applies today, because both BTC and ETH are the two leading market leaders. However, on December 27, 2020, the value of Bitcoin was $ 26,272 per unit and BTC had a market capitalization of $ 488 billion. Additionally, Ethereum changed hands on the same day for $ 682 per unit and had a market cap of around $ 77.8 billion.
Fast forward to the statistics from December 26, 2021 and BTC retailed for $ 50,809 per unit and had a total market value of approximately $ 960 billion. ETH on December 26, 2021, traded for $ 4,067 per coin and held a market capitalization of approximately $ 483 billion. We know prices have changed since December 27, 2020, but BTC and ETH still a leader in terms of top crypto positions. On the other hand, the rest of the top 20 coins were shuffled like a deck of cards.
Tether (USDT) held the third largest market position last year and has risen to become the fourth largest crypto asset in terms of market valuation today. Last year xrp (XRP) finished fourth, but today, XRP has risen to the seventh largest crypto coin position. Litecoin (LTC) was the fifth largest crypto asset in terms of overall rating, however LTC has dropped back to 19th place. Likewise bitcoin cash (BCH) had the sixth highest market valuation last year, but on December 26, 2021, BCH hovered around 25th rank.
Binance coin (BNB) was able to expand its market position and is the third largest market as of December 26, but a year ago BNB‘s market capitalization held the seventh largest position. Chainlink (LINK) was in eighth place last year, but on December 26th, LINK dropped to the 20th coin ranking of market capitalization. Cardano (ADA) hovered around the ninth largest market position last year, but has moved up to sixth within a year. After all, Polkadot (DOT) was the 10th largest market and held that position on December 26th.
The new additions to the top ten rankings include terra (LUNA) in ninth place, USDC is the eighth largest coin market capitalization and solana (SOL) is now fifth. LUNA’s market capitalization was 67th last year, USDC was ranked 11th, and SOL was ranked 139th on December 27, 2020.
In addition to the top ten ranking, a large number of tokens from places 10 to 20 were also shuffled this year. Many coins moved forward and a multitude of tokens dropped the positions they once held last year. It shows that 12 months in the world of crypto can change things drastically.
What do you think of the top ten shake that happened this year? Let us know what you think on this matter in the comments below.
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Source: Crypto News Austria
