It has been a great year for crypto assets in 2021. Although prices have increased significantly, the market capitalization rankings for top ten or top 20 coins have changed. A great number of coins have either been pushed down or have entered the crypto economy’s top positions in terms of overall market valuation.
2021’s Top Crypto Asset Positions Change Drastically
A historical snapshot showing crypto market values on December 27, 2020 shows bitcoin (BTC), and ethereum(ETH) were the leaders in terms of top crypto assets. This holds true even today, as both ETH and bitcoin are market leaders. However, on December 27, 2020, bitcoin’s value was $26,272 per unit and BTC had a market cap of $488 billion. On the same day, $682 was paid for ethereum, which had a market capital of $77.8 million.
BTC trades at $55,809 per unit, with a total market value of about $960 billion. ETH traded at $4,067 per token on December 26th 2021 and had a market cap of approximately $483 billion. While prices have fluctuated since December 27, 2019, we still know BTC (ETH) and ETH are the most prominent cryptos. However, all the remaining top 20 coins were shuffled as a deck.
Tether (USDT) held the third-largest market position last year and today, it’s transitioned to the fourth-largest crypto asset in terms of market valuation. Although XRP (xrp) was the fourth-ranking crypto asset last year, it has now moved up to the seventh position. LTC was the fifth largest crypto asset by value, but it has dropped to the 19th place. BCH, which was valued at $62 million, held the sixth highest market valuation. BCH, however, hovered just above the 25th rank on December 26th, 2021.
Binance coin (BNB) managed to increase its market position and is the third-largest market as of December 26, but a year ago BNB’s market cap held the seventh-largest position. Last year Chainlink was in eighth place. However, LINK is now at 20th position for coin market caps. Cardano (ADA) was hovering around the ninth-largest market position last year but has moved up to the sixth in a year’s time. Last but not least, polkadot was the tenth largest market. It also held that spot on December 26.
The top ten positions have been updated with terra (LUNA), which is in the ninth place, USDC, who has moved up to eighth on the list of largest coin market caps, and solana, which holds the fifth position today. LUNA’s market cap last year was in the 67th position, USDC held the 11th spot, and SOL was ranked 139th on December 27, 2020.
A large number of tokens in the 10th through 20th position also moved a lot this year. Numerous coins advanced and many tokens lost positions last year. This shows that crypto world can be very dynamic in 12 months.
Let us know your thoughts on the Top ten Shakeup of this Year. Comment below and let us know how you feel about the subject.
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