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While the crypto economy is worth over $ 2.35 trillion, there are a variety of new cryptocurrencies that have claimed the top ten positions, in terms of market cap, in recent times. Two years ago, the top ten crypto assets by market cap were very different from today, and things have changed a lot in the past 12 months as well.
The ten best crypto assets in August 2019
Since the inception of the crypto asset, bitcoin (BTC) has held the highest market valuation of any coin in existence and no other digital currency has ever taken the top spot. We know that the crypto economy is valued at over $ 2.3 trillion, and over the 10,000+ cryptocurrencies, dominance levels are changing. The top ten changes are happening and the top ten crypto asset positions in terms of valuation have changed a lot last year and the year before.
At the end of August 2019, bitcoin (BTC) held the top spot but only had a market valuation of around $ 181 billion. Today, BTC has an overall market valuation of $ 929 billion, which is 413% higher than in August 2019. That same summer, Ethereum (ETH) was the second largest crypto asset by market cap with just over 20 billion. of dollars. Today, ETH has an overall valuation of around $ 443 billion, a whopping 2,115% increase in two years.
Market capitalization of cryptocurrencies in August 2019.
As of August 2019, XRP held the third largest crypto valuation with a market cap of $ 11 billion. Market cap rose 427%, but XRP now ranks sixth in valuation among the top ten. Bitcoin cash (BCH) was the fourth largest crypto cap at the end of summer 2019 with an overall valuation of $ 5 billion. Today it stands at $ 12.4 billion, an increase of 148%, but BCH now sits 15th in terms of market valuation. Litecoin (LTC) held the fifth market with $ 4 billion two years ago, but today LTC is in 16th position.
Market capitalization of the cryptocurrency on September 3, 2021. These prices were recorded at 8:30 am EST on Friday morning.
Binance coin (BNB) managed to jump from sixth position that year, as it now holds the fourth highest valuation in the crypto market today. Tether (USDT) moved up to seventh place two years ago and today the USDT is in fifth place. Tether is still the most valuable stablecoin and has been for the past two years in a row. EOS was in eighth position in 2019 and today EOS has slipped to 35th position in terms of market capitalization.
Bitcoinsv (BSV) was in ninth place in 2019 and stellar (XLM) was in tenth position in August of the same year. BSV has fallen to 52nd in terms of market capitalization and XLM is now the 22nd largest crypto asset. BSV had a market cap of $ 2.3 billion at the time and it has improved a bit (34.78%) to reach $ 3.1 billion today. Stellar had a market valuation of $ 1.4 billion while it is today at $ 8.5 billion, gaining 507%.
The ten best crypto assets in August 2020
In August 2020, things were also different. While BTC and ETH held the first and second position, XRP was really on the verge of being overtaken by tether (USDT) that year. XRP was in third position with a market cap of $ 12 billion and USDT was around $ 10 billion in August 2020. At that time, BCH, BSV, LTC and BNB remained the top ten competitors. Meanwhile, Chainlink (LINK) held the fifth largest market cap with a valuation of $ 5.7 billion. LINK is now the 12th largest coins market cap with $ 13.5 billion.
Market capitalization of cryptocurrencies in August 2020.
Crypto.com (CRO) was in ninth position in August 2020 with a market cap of $ 3.5 billion and CRO is now in 43rd position with $ 4.1 billion. Interestingly, all of the top ten coins in 2021 have market caps of over $ 20 billion. While in August 2020, only five coins had a market cap above $ 10 billion, and in 2019, only three coins exceeded $ 10 billion. CRO and BSV have seen very few increases in market valuation in two years, while other markets have seen much larger gains.
Additionally, coins like dogecoin (DOGE), solana (SOL), cardano (ADA), polkadot (DOT), and usd coin (USDC) are all newcomers when it comes to the top ten cryptos. Solana (SOL) is up over 19% in 24 hours and recently flipped dogecoin (DOGE) in terms of market cap.
What do you think of the evolution of the top ten cryptos over the past two years? Let us know what you think of this topic in the comments section below.
Tags in this story ada, BCH, binance coin, Bitcoin, bitcoin cash, bnb, BSV, BTC, Chainlink, Crypto, Cryptocurrencies, DOT, EOS, ETH, Ethereum, litecoin, LTC, Market Cap, Market Valuations, Markets, Polkadot, Price, Stablecoins, Tether (USDT), USD Coin (USDC)
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