Monday, November 1, 2021

Top Cryptocurrencies by Market Capitalization

It has become a common trend in the online trading industry that almost every day or week, new crypto earns the spotlight. The cryptocurrency gains rally and a huge amount of investments from the cryptocurrency community for its protocol and unique services.

However, soon the investors move away from the protocol and move on to the next cryptocurrency being launched in the protocol. This is quite normal behavior from the investors because they know that a newly launched crypto would always have a rally.

The investors know that the first few hours of a cryptocurrency’s launch are full of profits and gains. Therefore, the investors make full use of that, increase their profits, and then move on to the next upcoming cryptocurrency.

Although these cryptocurrencies have short-lived popularity and rally, there are cryptocurrencies that are in the game permanently. Despite other cryptocurrencies coming up with their rallies and performances that are not permanent, these cryptocurrencies have pulled through.

This is the reason why these cryptocurrencies have earned their spots being the top in the cryptocurrency sector. When it comes to this, it is important to look at how these top cryptocurrencies are performing and where their market capitalizations are.

Bitcoin (BTC) is for sure the top cryptocurrency on the list, having hit a market capitalization of $1.16 trillion. At the time of writing, Bitcoin has gained a unit price of $61,365.98 per BTC. As for year-to-date (YTD) performance, Bitcoin’s price has increased by 109.27%.

Then comes Ethereum (ETH) having hit a market capitalization of $516.50 billion. At the time of writing, Ethereum has gained a unit price of $4,364.51 per ETH. As for year-to-date (YTD) performance, Ethereum’s price has increased by 498.57%.

Then comes Binance Coin (BNB) having hit a market capitalization of $88.92 billion. At the time of writing, Binance Coin has gained a unit price of $533.25 per BNB. As for year-to-date (YTD) performance, Binance Coin’s price has increased by 1,306.37%.

Then comes Cardano (ADA) having hit a market capitalization of $65.89 billion. At the time of writing, Cardano has gained a unit price of $1.98 per ADA. As for year-to-date (YTD) performance, Cardano’s price has increased by 1,029.96%.

Then comes Solana (SOL) having hit a market capitalization of $57.74 billion. At the time of writing, Solana has gained a unit price of $191.64 per SOL. As for year-to-date (YTD) performance, SOL’s price has increased by 10,306.83%.

Then comes XRP (XRP) having hit a market capitalization of $52.56 billion. At the time of writing, XRP has gained a unit price of $1.13 per XRP. As for year-to-date (YTD) performance, XRP’s price has increased by 370.89%.

No matter the highs and lows, the investors have not their sentiments in these cryptocurrencies. This is the reason why these cryptocurrencies are still on top of the entire cryptocurrency competition.

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