Market cap of different cryptocurrencies

Bitcoin's euphoric rally endured as it topped 1. According to data from the Securities and Exchange Commission SEC , bitcoin's average trading volume surged from million baht during Dec to over million during Dec Jan 2. Bitkub founder and group chief executive Jirayut Sruptsrisopa said the platform's trading volume stood at 3. The twofold jump in trading volume was driven by bitcoin's rapid increase in price, which sparked public interest as the digital exchange saw its total accounts rise to over , on Friday, he said. Poramin Insom, founder and chief executive of Satang Pro Corporation, said the exchange's trade volume has increased threefold as the platform welcomes first-time workers and traders aged 45 or older who are experienced in stock trading.

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Content:

• 10 Important Cryptocurrencies Other Than Bitcoin
• Comparing Bitcoin’s Market Cap to Other Cryptocurrencies
• Crypto Market Cap Falls Below $2T Amid Sell-Off
• 12 most popular types of cryptocurrency
• A broad analysis of short-term overreactions in the market for cryptocurrencies
• It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One
• Bitcoin, ether hit all-time highs as momentum accelerates
• Cathie Wood: Ethereum Will Reach $20 Trillion Market Cap By 2030
• Banks vs Cryptocurrencies by market cap

WATCH RELATED VIDEO: Top 15 Cryptocurrency by Market Capitalization - 2013 to May 2021

10 Important Cryptocurrencies Other Than Bitcoin

You may wonder what makes cryptocurrency valuable, given that it's notoriously volatile. Smaller cryptocurrencies can have even wider price swings. After reading this article, you'll have a better understanding of what makes cryptocurrency valuable and why the price might swing violently within a single day. Cryptocurrencies usually aren't governed or backed by any central authority. Government backing can improve faith in the value of a currency among consumers, and it provides a big spender and collector of the currency.

Try paying your taxes in Bitcoin. But since cryptocurrencies are generally decentralized, they derive their value from other sources, including:. The value of anything is determined by supply and demand. If demand increases faster than supply, the price goes up. For example, if there's a drought, the price of grain and produce increases if demand doesn't change.

The same supply and demand principle applies to cryptocurrencies. The supply of a cryptocurrency is always known. Some, such as Bitcoin, have a fixed maximum supply. Some cryptocurrencies have mechanisms that "burn" existing tokens to prevent the circulating supply from growing too large and slowing inflation.

Burning a token means sending them to an unrecoverable address on the blockchain. The monetary policy of each cryptocurrency is different.

Bitcoin supply increases by a fixed amount with each new block mined on the blockchain. Ethereum offers a fixed reward per block mined, but it also pays out for including "uncle blocks" in the new block, which helps facilitate the efficiency of the blockchain.

As a result, the supply increase isn't as fixed. Some cryptocurrency supplies are dictated entirely by the team in charge of a project, which can opt to release more of a token to the public or burn tokens to manage the money supply. Demand can increase as a project gains awareness or as utility increases.

Broader adoption of a cryptocurrency as an investment also increases demand while effectively limiting the circulating supply. For example, when institutional investors started buying and holding Bitcoin in early , the price increased significantly as demand outstripped the pace at which new coins were created, effectively decreasing the total available supply of Bitcoin. Likewise, as more decentralized finance DeFi projects launch on the Ethereum blockchain, the demand for Ether increases.

Ether is required to perform transactions on the blockchain regardless of what cryptocurrency you're transacting with. Or, if a DeFi project takes off itself, its own token will become more useful, thereby increasing demand. New cryptocurrency tokens are produced through a process called mining. Mining for cryptocurrency involves using a computer to verify the next block on the blockchain. The decentralized network of miners is what allows cryptocurrency to work as it does.

In exchange, the protocol produces a reward in the form of cryptocurrency tokens, in addition to any fees paid by the exchanging parties to the miners. Verifying the blockchain requires computing power. Participants invest in expensive equipment and electricity in order to mine cryptocurrency.

In a proof-of-work system , like those used by Bitcoin and Ethereum, the more competition there is for mining a certain cryptocurrency, the more difficult it is to mine. That's because miners essentially race each other to solve a complex math problem in order to verify a block.

As such, the cost to mine increases as more powerful equipment is needed to successfully mine. As mining costs increase, it necessitates an increased value of the cryptocurrency. Miners won't mine if the value of the currency they're mining isn't high enough to offset their costs.

And, since miners are essential to making the blockchain function, as long as there's demand for using the blockchain, the price will have to go up. Mainstream cryptocurrencies such as Bitcoin and Ether trade on multiple exchanges. Just about any cryptocurrency exchange will list the most popular tokens. But some smaller tokens may only be available on select exchanges, thus limiting access for some investors.

Some wallet providers will aggregate quotes for swapping any set of cryptocurrencies across several exchanges, but they'll take a fee for doing so, increasing the cost of investing. Furthermore, if a cryptocurrency is thinly traded on a small exchange, the spread the exchange takes may be too big for some investors. If a cryptocurrency becomes listed on more exchanges, it can increase the number of investors willing and able to buy it, thus increasing demand.

And, all else being equal, as demand increases, the price goes up. There are thousands of different cryptocurrencies in existence, with new projects and tokens launching every day.

The barrier to entry is relatively low for new competitors, but creating a viable cryptocurrency also relies on building a network of users of that cryptocurrency. A useful application on the blockchain can quickly build a network, especially if it improves upon a limitation of a competing application.

If a new competitor gains momentum, it takes value from the existing competition, thus sending the price of the incumbent down as the new competitor's token sees its price move higher. Cryptocurrency networks rarely abide by a static set of rules.

Developers adapt projects based on the community that uses them. Some tokens — called governance tokens — give their holders a say in the future of a project, including how a token is mined or used. In order to make any changes to the governance of a token, there needs to be consensus among stakeholders.

For example, Ethereum is working to update its network from a proof-of-work system to a proof-of-stake system , effectively rendering much of the expensive mining equipment in data centers or people's basements useless.

That will undoubtedly have an impact on the value of Ether. Generally speaking, investors like stable governance. Even if there are flaws in the way a cryptocurrency operates, investors prefer the devil they know to the devil they don't. As such, stable governance where things are relatively hard to change can be of value by providing more stable pricing.

On the other hand, the slow process of updating software to improve protocols can limit the upside of cryptocurrency values. If an update would unlock value for cryptocurrency holders but takes months to execute, it hurts the current stakeholders. There's some confusion about who should regulate the exchange of cryptocurrencies. Both can't claim regulatory authority over cryptocurrency exchanges.

A determining ruling could provide greater clarity and improve cryptocurrency values while opening the door for more widely traded crypto-related financial products.

Regulation is required to allow for easier ways to trade cryptocurrency. Products such as ETFs or futures contracts provide more access to cryptocurrency for investors, increasing its value.

Additionally, regulation could enable investors to take short positions or bet against the price of cryptocurrencies with futures contracts or options. That should produce better price discovery and reduce the volatility of cryptocurrency pricing. Regulations could also negatively impact demand for cryptocurrency. If a governing body changes the rules to disfavor cryptocurrency investment or use, it could send the price of cryptocurrencies lower.

If you understand the core principle of supply and demand behind what gives cryptocurrency value and the factors influencing them, you can make better cryptocurrency investment decisions. If you believe demand is going to increase for reasons X, Y, and Z and don't think supply will keep up, that cryptocurrency could be a good investment.

But be aware that governments still don't have best practices for regulating cryptocurrency, which makes it a particularly risky and volatile investment no matter what. Discounted offers are only available to new members. Stock Advisor will renew at the then current list price. Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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Comparing Bitcoin’s Market Cap to Other Cryptocurrencies

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Crypto Market Cap Falls Below $2T Amid Sell-Off

It might get delayed also by a few months but once this is approved, bitcoin will go through the roof. Importantly, multiple altcoins have also been rallying leading to the overall growth in crypto m-cap. For instance, Ethereum, Binance Coin, Solana, Polkadot, along with meme coins such as Shiba Inu and Dogecoin have jumped 9 per cent, 15 per cent, 14 per cent, 12 per cent, 38 per cent, and 5 per cent respectively over the past seven days. Shiba Inu particularly has seen grown over per cent in the past few days. They make sense like Axie infinity which are genuine crypto-based games where people earn money by playing video games. Financial Express Online does not bear any responsibility for their advice. Like us on Facebook and follow us on Twitter. Financial Express is now on Telegram.

12 most popular types of cryptocurrency

Like a teenager forced into adulthood, cryptocurrencies are finally growing up — with plenty of drama along the way. The observation defies the image of crypto as cutting its own path, devoid of attachments to either stock markets or governments. It may be no coincidence that the closer alignment between crypto and stock prices come as digital assets are being promoted more by the traditional financial establishment, no longer defying it. As such, he said crypto is worth adding to portfolios as a hedge against more traditional investments. The price of Bitcoin alone has fallen dramatically from its November high.

A broad analysis of short-term overreactions in the market for cryptocurrencies

January has been the worst month for bitcoin since the pandemic-induced panic selling of March , however the price is showing strong signs of recovery. On-chain trends have offered some hope to investors that this market reversal may continue, with data from analytics firm Glassnode revealing that long-term holders are refusing to sell. Bitcoin exchange reserves are also falling, suggesting a potential supply squeeze that could force the price up in the short term. You can follow all the latest cryptocurrency news, analysis and expert price predictions right here. The prices of leading cryptocurrencies including bitcoin, ethereum, cardano, and solana have surged in the last 24 hours with the overall crypto market growing by about 1. The leading cryptocurrency has surged by about 5 per cent compared to its value a week earlier.

It’s Hard to Tell When the Crypto Bubble Will Burst, or If There Is One

Shiba Inu is a popular memecoin whose exchange price notably surged in October Cryptocurrency has been suddenly raised to fame in the last decade. However, in , some of the cryptocurrencies such as Bitcoin showed some promising all-high records in the trading world. Cryptocurrencies in have a greater opportunity to thrive more than in Crypto investors have shown interest in the existing cryptocurrencies as well as the newly emerging ones to invest in their digital wallets.

Bitcoin, ether hit all-time highs as momentum accelerates

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Cathie Wood: Ethereum Will Reach $20 Trillion Market Cap By 2030

RELATED VIDEO: Top 15 Cryptocurrency by Market Capitalization - 2013 - 2021

The past year-plus has seen a fresh explosion in cryptocurrencies. Companies are enabling payments via these digital assets or embracing the blockchain technology behind Bitcoin and others, creating a boon for some of the biggest cryptocurrencies. It's all part of what has become known as DeFi, or decentralized finance. Imagine peer-to-peer networks that offer financial transactions, rather than a single authority like a central bank. Along the way, a number of cryptocurrency projects have been developed.

Banks vs Cryptocurrencies by market cap

Cryptocurrency market capitalization is a way in which the various contenders can be ranked based on size, calculated by multiplying price by the supply of the currency that is in circulation. Market capitalisation is essential for determining the size of a cryptocurrency, which some professionals argue is an overlooked statistic when so much attention is often unnecessarily paid to price alone. Measuring a cryptocurrency on this basis is also a better indication of potential growth, the factor that is of prime interest to investors in digital currency. To help you get to grips with the notion of cryptocurrency market capitalization, we have listed the top five currencies based on this characteristic, also including price and the number of units in circulation. Its descent has been added to and accelerated by a hardening attitude towards its volatility from governments and large organisations, with the threat of tightening regulation also looming large. Further good trajectory could be just around the corner for Ripple as it announces its arrival as a listing on the Middle East and North Africa exchange, BitOasis, joining its main competitors, Bitcoin and Ethereum. There are currently 16,, units of the currency in circulation, just slightly more than Bitcoin itself.

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