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My warm greetings, dear visitors and readers of our site. Today we will have the top 10 cryptocurrencies by capitalization 2022. I think this topic will be of interest to those who are looking for information on the topic of cryptocurrencies.
We will look at the top list of cryptocurrencies that currently have the largest capitalization. In fact, it is the vanguard of the entire crypto movement. It is these cryptocurrencies that arouse the greatest interest among the target audience. So, I present to your attention the top 10 cryptocurrencies by capitalization in 2018. I really hope that this material will be interesting to you, and I will not reload it with various information once again.
Bitcoin
Bitcoin, of course, who hasn’t heard of it? Even the grannies at the entrance heard about the existence of this cryptocurrency. Bitcoin supply is limited to 21 million coins. The creator of this cryptocurrency is a certain Satoshi Nakamoto. Naturally, the true identity of the creator of Bitcoin has not been established to this day, and it is unlikely that its creator will appear in the near future and tell how to properly invest in Bitcoin. )
At the moment, Bitcoin is the most expensive cryptocurrency. Some time ago its cost reached almost $20,000. The cost of Bitcoin is now lower, but even now it remains above $15,000 per coin. In general, at the moment, within the framework of capitalization, Bitcoin is the undisputed leader and its position is still unshakable. The current capitalization of Bitcoin is about 278,137,624,913 .
Total capitalization of the crypto market
Let's start by defining the overall market capitalization. This is the total cost of Bitcoin, Ethereum, Litecoin, Neo and all other trading crypto assets. Today it is equal to $176,72,394,693, Bitcoin dominance is 54.51%. This means that more than half of all funds invested by users are invested in Bitcoin.
Real-time information on cryptocurrency capitalization:
- Market Capitalization: $2,204.52 B
- 24H Volume: $146.40 B
- BTC Dominance: 37.65%
Bitcoin Dominance Index
Bitcoin Dominance Index (BTC Dominance) is the percentage of the total capitalization of the cryptocurrency market that Bitcoin currently occupies. You may have seen this percentage on Coinmarketcap but haven't thought about what it means. But in fact, this is a very important indicator of the state of the entire crypto market. Knowing how to use it offers endless possibilities.
How does this information affect the market?
Until 2016, BTC was very dominant in relation to altcoins, its share reached 90%. But then it began to decline, and altcoins rapidly increased in popularity. Understanding downward and upward trends, their sequence and cyclicality, analysts predict the future behavior of cryptocurrencies. We can say that all forecasting is based on this.
Ripple
In my opinion, this is one of the most promising cryptocurrencies for 2018. At the same time, Ripple really amazed the entire world community with the growth of its capitalization. Currently, it is 127,300,703,882 , which allowed it to surpass even Ethereum, which for a long time occupied second place in the ranking. Ripple has a number of very important features.
- Payments within the system are quite cheap, since Ripple itself does not belong to anyone, and accordingly, no one will make a markup.
- Transactions in this system are very fast. On average, making a payment takes no more than a few seconds; naturally, bank payments were not even close to this.
- Simple exchange. The Ripple system allows you to exchange without additional fees and costs.
- The Ripple system allows anyone to use the services of its commission, no matter where they are.
In general, Ripple is one of the most effective and promising cryptocurrencies at the moment, and its rapid growth in capitalization proves this.
Iota (IOTA, IOT)
An impulsive coin that managed to reach $5.8 in December 2017. Today we see a crisis situation, the token rate is falling. The current price is 2,006 USD and may decrease in the future. Cryptocurrency is not allowed below $1-1.5, which indicates that large investors are interested in the growth of the cryptocurrency rate.
If a new upward trend emerges, the first target will be the level of $5.8, then the price has a chance to exceed the mark and go to the psychologically important level of $10. The current year 2022 will definitely bring surprises.
Investors are trying to prevent the IOT rate from falling below 1 USD
A review of the rates of the top 10 cryptocurrencies in the world at the beginning of 2022 shows that the current situation with a decrease in the value of most coins is associated with political pressure on the crypto industry from China and the governments of other countries. The banking system wants to push through a new promising market, but it has little success.
Don't take our analytics as a call to action. The cryptocurrency market is little predictable and any changes in government policies can significantly affect the overall capitalization of the crypto market, and therefore the price of tokens.
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Ethereum
Also quite a well-known and prominent representative of the world of cryptocurrencies. At the time of writing this review, it occupies an honorable 3rd place with a capitalization of 98,960,681,947 . By the way, I would like to note that all the data that I give you is relevant at the moment, precisely at the time of writing the article itself!
On topic: I would like to recommend you a reflection page on the topic - The collapse of cryptocurrency. The vulnerabilities of digital money are discussed here.
You just have to understand that within this area the data changes very quickly, so if you can read this review later, the data may be slightly different, keep this in mind)).
In general, there is no need to talk about the effectiveness of Ether. This is a relatively young asset, but which is already often called the successor of Bitcoin. Of course, it seems to me that these statements are in many ways loud, because the same Ripple relatively recently overtook Ether in terms of capitalization, although the latter had already occupied an honorable 2nd place for a long time.
Fundamentals
The main indicator of market dynamics is the growth of hundreds of thousands of users per week. Over 100 thousand new users enter the market every day
As the Google Trends app shows, the largest volume of search queries comes from emerging markets, while the largest volume of transactions is found in developed countries. This is explained by the fact that at the current stage of the market, the use of cryptocurrencies is most relevant for developing economies suffering from hyperinflation, while developed economies have more advanced infrastructure (electricity and IT infrastructure), ensuring large-scale expansion of the market.
Moreover, the prospect of investing in these assets attracts huge amounts of capital, which smacks of greed rather than rational calculation.
The National Bank of the Republic of Kazakhstan warned those wishing to make money on cryptocurrencies
The regulator addressed the people of Kazakhstan on Thursday, January 18 →
Bitcoin Cash
The next cryptocurrency is Bitcoin Cash with a capitalization of 42,531,464,755 . It is also a very interesting and in many ways promising cryptocurrency, which is very much appreciated among users.
On topic: Bitcoin Cash is a new cryptocurrency in Exante.
However, I would like to note that Bitcoin Cash is now also worth quite a lot of money. At the time of writing this review, Bitcoin Cash costs $2,517. But, in any case, I would like to note that Bitcoin Cash is a very interesting cryptocurrency, especially for mining.
It would be logical to suggest that you inquire about trading contracts for difference on this cryptocurrency with the broker Exnate, register here.
Review and feedback of the Exante broker.
Litecoin (LTC)
The very first Bitcoin fork with amazing features. At the moment when BTC reached a maximum rate of $20,000, the LTC rate was also at the top. The maximum price level of $375 was reached on December 19, 2022. Total capitalization – $11.54 billion. Trade turnover over the last 24 hours is 710 million USD. The last week closed unsuccessfully, Litecoin lost 1.45% in price. Analysts predict further growth of Litecoin, the first target is $253.
Litecoin loses as Bitcoin exchange rate declines
Cardano
Next on our list is the Cardano cryptocurrency, which is not particularly well known, however, it occupies a fairly high position. I would like to note that Cardano, according to the creators, is a kind of new trend within the framework of the economy.
Roughly speaking, as the creators of this system say, their brainchild should revolutionize everyone’s understanding of the usual economy. Of course, it seems to me that such statements are now very loud, although this cryptocurrency is quite promising, although only time will tell!
Speculative market
Crypto assets are behaving much like dot-com stocks did in the late nineties. Shares of a number of companies, including Kodak (KODK) and Long Blockchain Company (LBCC), formerly Long Island Iced Tea Company, soared after the companies announced they would create their own blockchain platforms. A similar effect was seen with companies that added "dot.com" to their name during the height of the Internet bubble.
At the peak of the dot-com era, over a hundred companies changed their names. According to our forecasts, in the first quarter of 2022 the number of companies reoriented to blockchain will continue to grow until the speculative stage exhausts itself.
Currently, there are over 120 specialized funds operating in the cryptocurrency investment market. At the same time, the US Securities and Exchange Commission notes an increase in the number of applications for the issuance of ETFs based on blockchain and cryptocurrencies. Currently, over a dozen ETFs are awaiting approval.
The SEC is also receiving applications for inverse and margin ETFs to address the volatile cryptocurrency market. These instruments will provide easy access to the market for hungry private investors and investment funds, thereby ensuring the influx of new capital into the market and the continuation of speculative trading. Some of these ETFs will launch this quarter and most of the rest within a year, subject to SEC approval.
By the way, the dynamics of cryptocurrency profitability has one very interesting aspect: it does not correlate with the dynamics of financial markets.
Source: Sifr Data correlation matrix for 90 days: daily returns for the period from October 14 to January 12
The largest asset market bubbles of the last 40 years
NEM
Another honorable participant in our top is the NEM cryptocurrency. At the time of writing, the capitalization of this cryptocurrency is over $14 billion . By the way, this cryptocurrency also surprised many, since by the end of 2017 it showed a sharp jump in its capitalization.
This cryptocurrency was launched in May 2015. At the current time, there are about 9 billion coins of this cryptocurrency in the market. The current value of NEM is just over $1.6, making it a very profitable instrument from an investment point of view. It is quite possible that the growth potential of NEM has not been exhausted at the moment and this cryptocurrency will make its presence felt!
Let's sum it up
The capitalization of the cryptocurrency market, as well as each of the crypto networks separately, is the most important indicator for both traders and investors, as well as ordinary users interested in the world of digital finance. Thanks to it, you can find out which cryptocurrency system is trusted and suitable for long-term investment. However, it is important to analyze other data, to look at who owns the tokens, and what the overall prospects for the coin are.
In recent months, the capitalization of cryptocurrencies has been breaking all records, conquering new and new heights. And although in a matter of days it can lose hundreds of billions of dollars, rolling back, for example, from 800 billion dollars to 500, experts are optimistic in their forecasts.
Thus, the famous billionaire trader Mike Novogratz believes that by the end of 2022 the $2 trillion mark will be crossed. And according to the predictions of analysts at the investment bank RBC Capital Markets, the market capitalization of digital currencies in the long term will exceed $10 trillion.
Stellar
The capitalization of this cryptocurrency is 13,123,882,453 . The Stellar system was launched in 2013. The current value of one token is just over 70 cents. And what are tokens in cryptocurrency, read here. A slightly different view, but useful for general education!
In general, this asset is very interesting from an investment point of view. Considering the current, fairly low price of one token, you can invest even with a small amount. Overall, I think that this cryptocurrency has not exhausted its potential.
Why is the market capitalization of cryptocurrencies important?
We seem to have figured out what capitalization is. But why is it needed? Why should it be taken into account when making decisions? This is also worth understanding in order to understand how the market operates. Let's look at a few simple examples to understand the importance of this parameter.
Let's consider a situation where there is a cryptocurrency with a low price on the market and the number of coins is also small - for example, let's take 1,000 units. Then the capitalization will be equal to $1 x 1000 = $10,000. This means that a trader who has at least 500 coins in his asset has a huge influence on this type of coin.
Let's take a different situation - there is a currency on the market with a high price ($100), but the number of coins is still small - the same 10 thousand. How will this affect the stability of the exchange rate? Those who manage to mine 5,000 coins or have them in their assets for another reason will be able, in fact, to control the rate. However, an outside player will not be able to simply take control into his own hands - to do this, he will need to buy a lot of expensive coins.
The third situation is the availability of a huge number of coins at a low price. For example, the price is $1, the amount of coins is 1 million. The capitalization of the currency will be $1 million. This means that if someone buys even 5 thousand coins, he will not be able to greatly influence the market. To do this, you will have to buy, for example, 500 thousand coins - such a situation is almost impossible.
And finally, a situation where there are many units of currency on the market at a high price. This is the most sustainable option - for traders to influence the exchange rate, huge investments are needed. The possibility of a rate collapse in this situation is practically impossible.
Thus, capitalization shows players and investors how reliable a particular cryptocurrency is. High capitalization can protect it from, for example, a not entirely honest Pump&Dump scheme, when a group of traders can artificially raise the price of a coin in order to later sell investments at a higher price. High capitalization is also a sign that the coins have become popular among traders. This means that they are more or less evenly distributed among users and no one has much power to influence the rate.
Tron
Another representative of our list is the Tron cryptocurrency. At the time of writing, the market capitalization of this asset is almost $11 billion . The cost of one token is 17 cents.
Again, this makes the presented asset quite an interesting potential investment item, especially for an investor whose financial capabilities, let’s say, are limited.
Recently, the cryptocurrency has demonstrated a serious increase in value and I think this is not the end! So, I recommend that you take a close look at this asset.
How is it calculated
Anyone can calculate the capitalization of any cryptocurrency. To do this you need to know only two parameters:
- the total number of coins in circulation,
- coin rate (usually taken in US dollars)
And multiply these indicators:
Rate * Quantity in circulation = Market Capitalization
For example, let’s calculate the RK of Bitcoin and Ripple, as currencies that are completely opposite in many respects. All data is taken as of April 23, 2022.
- For Bitcoin the figure will be $5,486.89 * 17,662,587 = $96,912,643,153
- For Ripple $0.301139 * 42,020,265,728 = $12,649,334,319
Waves
Rounding out our top cryptocurrency is Waves. At the moment, the capitalization of this cryptocurrency is $1,205,683,415 .
The cost of one token is higher than that of the previous participant on the list - $11.97, but it is very far from the leaders. It is likely that there is still potential, which attracts investors.
As I told you, you should understand that I provided all the data exactly at the time of writing the review. If you read it, for example, a couple of weeks after writing, then you should not be surprised that the data may differ. In the world of cryptocurrencies, everything is very fleeting. Just look at the same Bitcoin, yes, its value changes, you just can’t keep up! By the way, I have already raised the issue of patterns in connection with cryptocurrency on the page: Why is cryptocurrency growing in price.
When it comes to investing in cryptocurrencies, there is plenty to explore. In reality, there are both currently extremely expensive assets and those assets that are not worth a penny right now. Of course, you must understand that you should not invest in this area if you simply don’t understand anything about it. Invest where you understand.
Which cryptocurrency will generate income in 2022? Rating of the top 15 digital assets for investment.
Bitcoin (BTC)
Bitcoin is a coin that should be in every crypto investor's portfolio. In general, interest in the cryptocurrency industry begins with Bitcoin; it is somewhat cyclical, but the trend is quite understandable.
Besides being the most popular, BTC is already proven to be reliable. In addition, it is actually used by users. There are many other digital currencies on the market that are aiming to achieve the same widespread use. But for now, the idea that some other cryptocurrency could become the “next Bitcoin” is not in my head.
BTC has a huge amount of room for growth, with leading financial analysts and influential people in the cryptocurrency space predicting the coin's growth in the future. You can see the latest Bitcoin forecasts here.
Bitcoin does not have an official website. Just as no one owns email technology, no one owns the Bitcoin network. Thus, no one can speak on behalf of Bitcoin. But there is a resource bitcoin.org, which originally belonged to the founders: Satoshi Nakamoto and Martti Malmi. Now it is supported by crypto enthusiasts from all over the world.
Bitcoin.org is a neutral information resource that contains all the information about the first cryptocurrency and its development.
Ethereum (ETH)
The second largest cryptocurrency by capitalization, the creator of which is the young genius Vitalik Buterin. The main feature of Ethereum is that it is not just a cryptocurrency, it is also a platform for creating and concluding smart contracts.
The project team is actively working on the development of the platform. The network is constantly being updated with updates that make Ethereum more secure, scalable, and private.
By the way, there is an article on the site that talks in great detail about what Ethereum is, describes all its advantages and disadvantages, you can read it here.
Official website of the platform www.ethereum.org
Ripple (XRP)
A cryptocurrency that grew by 36,000% in 2022 and burst into third place in the capitalization ranking, which, by the way, it still occupies.
Ripple was created as a platform for interbank transfers. A big problem now is the transfer of funds from one bank to another, if they are located in different countries. This takes a long time, and the cost of carrying out such a transaction is very high. So, the Ripple network aims to make these transfers fast and cheap.
The practical significance of the project is enormous; such giants of the banking industry as UniCredit, Daiwa Next, Nomuro Trast are already cooperating with it - and these are not all partners.
I recently wrote an article about Ripple, where I described all the pros and cons of cryptocurrency, as well as ways to buy and store XRP, you can read it here.
Tron (TRX)
At the moment, the coin ranks 12th in the capitalization rating, but Tron has very good growth potential in the future.
It is also not just a cryptocurrency, but also a platform for direct interaction between creators and consumers of digital content. With the help of the Tron platform, it is planned to reduce the high costs of posting content through platforms such as Google Play and the App Store.
Tron began its development by attracting investment through ICO, but thanks to a powerful team and strong marketing, the coin has become one of the most promising in 2022.
I wrote an article in which I talk in detail about the advantages and prospects of cryptocurrency, you can read it here.
EOS (EOS)
This is one of the many competitors of the Ethereum platform. However, the EOS platform can be considered more advanced due to the fact that it solves the problem of scalability of blocks such as Ethereum and Bitcoin.
In 2022, the cryptocurrency was able to surpass many competitors in terms of capitalization and now ranks 5th in the ranking.
It is likely that EOS will not stop there; the development team consists of well-known people in the crypto community. All three (Dan Larimer, Brendan Blumer and Brock Pierce) are former creators of successful projects and are now working together to promote the EOS platform.
Not long ago, a contract was signed with the large hedge fund of Michael Novogratz, as well as with the former executive head of Google Eric Schmidt. Such people do not enter into contracts without thoroughly understanding the technology and prospects of the project.
EOS often ranks among the most innovative and technologically advanced cryptocurrencies. The latest ranking was compiled by the Ministry of Industry and Information of China.
Binance Coin (BNB)
Binance Coin is a token of the largest exchange of the same name in terms of trading volume. Users of the Binance platform who have the BNB token in their portfolio are given a 50% discount on transaction fees within the exchange. This is a very good bonus, I personally use it. You can see a similar review of the Binance exchange itself here.
But now let’s learn more about the BNB token itself. There are several reasons why you should buy it in 2022.
- Firstly, the price of cryptocurrency is growing along with the popularity of the exchange itself. And by the way, in the period from January to July 2022, when the entire cryptocurrency market was falling, the value of this coin was growing. As a result, BNB now ranks 16th in the capitalization rating.
- Firstly, the price of cryptocurrency is growing along with the popularity of the exchange itself. And by the way, in the period from January to July 2022, when the entire cryptocurrency market was falling, the value of this coin was growing. As a result, BNB now ranks 16th in the capitalization rating.
- Thirdly, the geography of the Binance exchange itself is constantly expanding. The team has plans to open branches in Malta and Uganda.
Stellar (XLM)
A strong competitor to Ripple, Stellar can also process transactions between crypto and fiat money.
However, unlike its competitor, the Stellar platform is open and decentralized. We can say that this project has absorbed the best of cryptocurrencies. On the one hand, Stellar Lumens is a traditional company that can interact with corporations and enter into lucrative partnership deals for implementation. On the other hand, the platform is open source, distributed and community owned, just like Bitcoin and Ethereum.
In October 2022, Stellar Lumens launched a partnership with the largest American software company IBM.
You can read more about cryptocurrency and its prospects in my article here.
Cardano (ADA)
This is another competitor to Ethereum. The Cardano team hopes to solve the inefficiencies inherent in the Ethereum network and build a better decentralized network and platform that allows users to build their applications inexpensively and securely.
In July, cryptocurrency developer Charles Hoskinson spoke about his plans for the 3rd-4th quarter of 2022. Cardano's roadmap is impressive, so investors are expecting growth. In the future, the team plans to create a new wallet for the cryptocurrency ecosystem, and work will also be carried out on the decentralization of ADA.
Zcash (ZEC)
The main advantage of Zcash is the anonymity of transactions. On the one hand, ZEC, like Bitcoin, is based on a decentralized chain. But, unlike its older brother, Zcash, all information about addresses and amounts is encrypted and completely anonymous.
ZEC, as an anonymous cryptocurrency, has often been criticized for its potential to provide anonymity for transactions associated with illegal activities. But even ordinary users not associated with crime have reasons why they choose anonymous cryptocurrencies. Therefore, the popularity of Zcash is growing along with its price.
IOTA (MIOTA)
IOTA is another unique cryptocurrency project. Its network operates without miners, and users themselves confirm each other’s transactions. Another advantage follows from this: IOTA works without commissions, and this is very convenient for making micropayments.
I looked at this crypto project in detail in an article, you can read it here.
Verge (XVG)
Another anonymous cryptocurrency whose transactions are not traceable, unlike Bitcoin. In addition, the Verge blockchain is open source, which means that any user can suggest changes and improvements. The idea is put to a vote, and if most people like the idea, changes will be made.
The identity of the creator, just like Bitcoin, is still unknown to anyone. He always operates under the nickname "Sunerok".
Besides anonymity and open source, the big plus of Verge is that the coin's blockchain is fast and scalable. Additionally, the cost of sending a transaction is only about 0.001 XVG, which is practically free.
Full information about Verge can be found on the official website vergecurrency.com
Ontology (ONT)
The team launched the mainnet recently on June 30, 2022. Those who definitely had no problems with enthusiasm, because the network was launched at the very peak of the falling market, when other cryptocurrencies fell sharply after the launch of the main network. And all because the developers are confident in the success of Ontology. The project roadmap looks very ambitious.
Now a little about what the project itself is. Ontology is a high-performance open source multi-purpose network. It is focused on distributing trust and creating any other blockchain system. This technology can be adopted by both government agencies and private enterprises for convenient processing and storage of large amounts of data.
For example, using this technology, you can create a database with customer stories for a clinic or even an entire system of public medical institutions. I think you understand that the potential use is enormous.
0x (ZRX)
Project 0x is an open source protocol for decentralized applications. It currently has a functioning product that is used by 30 decentralized applications, making it a step ahead of most new projects.
The main advantage of the 0x protocol is that it increases the transaction speed on Ethereum wallets, which are used for a number of ERC 20 type tokens, several times. Therefore, the more applications there are, the more popular it will be.
This is just a part of the projects running on 0x
OmiseGo (OMG)
The OmiseGo cryptocurrency is not just a means of payment; it can be used to carry out transfer operations of any amount. Moreover, you can send cryptocurrency anywhere in the world, and for the recipient it can be instantly converted and withdrawn into fiat money. And all this regardless of whether you have a bank account or not.
The professionalism and long-term goals of the team (by the way, Vitalik Buterin himself is one of OmiseGo’s advisors) have already been appreciated by large investors.
Development team
Siacoin (SC)
A cryptocurrency that appeared on the market relatively recently, but has already managed to attract attention. The Siacoin platform is not just a digital currency, but also a technology for storing data using the cloud. It can protect your information even in the event of a system failure.
Now Siacoin cryptocurrency costs literally pennies (at the moment a little more than 6 cents). But the project team is actively working on its development and marketing and plans to become the main service for data storage in the future.
