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Cryptocurrency has handed by means of totally different phases and impacts over the previous decade. Although some belongings survived the check of time and maintained spectacular market worth, others suffered and crumbled underneath sure stress.
Bitcoin stands out among the many 1000’s of digital belongings within the business which have stood the check of time, and this highlights its resilience.
Bitcoin’s Resilience Amid the Journey of Cryptocurrency Over The Previous Decade
The crypto market has grown considerably over time regardless of the various ups and downs. Based on data on CoinGecko on December 28, the cumulative crypto market cap has now reached over $1.77 trillion.
However in all these, Bitcoin nonetheless maintains the highest place, with a market cap of over $844 billion. This represents virtually half the entire market worth.
Ethereum (ETH), one other outstanding asset, adopted carefully in second place. It boasts a market cap of $288 billion. Tether (USDT), BNB, Solana (SOL), and USD Coin (USDC) are a part of the listing, rising because the third, fourth, fifth, and sixth largest tokens, respectively.
Additional, different crypto belongings, together with XRP, Cardano (ADA), and Avalanche (AVAX), are among the many prime ten tokens. With larger market capitalizations, they’ve confirmed their stance within the business with time.
Moreover, Lido Staked Ether (stETH), representing Staked Ether in Lido, a liquid staking crypto protocol, made it among the many prime ten listing.
With a more in-depth take a look at Bitcoin, on Christmas Day, CoinGecko posted Bitcoin costs over the previous ten years. This revealed that the flagship crypto asset has grown meteorically with vital variations inside the previous decade.
Value of Bitcoin on Christmas Day 🎄
2023: $43,254
2022: $16,849
2021: $50,888
2020: $23,760
2019: $7,266
2018: $4,021
2017: $14,302
2016: $894
2015: $456
2014: $318
2013: $669— CoinGecko (@coingecko) December 25, 2023
Furthermore, knowledge for the highest ten crypto belongings as of December 2013 indicated a big distinction in comparison with the current worth. Based on CoinMarket, a outstanding crypto knowledge tracker and aggregator, the general market cap stood at $12 billion ten years in the past.
Throughout the interval, Bitcoin had a market cap of $8.8 billion and traded at $726.89. This displays that BTC has recorded virtually 100 instances development according to its present market worth.
The Adjustments For XRP And Others Over The Years
Apart from Bitcoin, XRP, previously referred to as Ripple, has proven some vital adjustments in its development over time. Ten years in the past, XRP stood carefully behind BTC because the second-largest crypto asset with a market cap of $2.6 billion.
Supply: CoinMarketCap on December 28, 2013, By way of The Wayback Machine
Additionally, XRP traded at $0.027 through the interval. In comparison with its current worth of $0.64, the token has seen over 2,200% improve. Apparently, Litecoin (LTC) was the third-largest asset, with a market cap of $550 million a decade in the past.
Nevertheless it has now slipped to the seventeenth place within the rating of Cryptocurrency.
Regardless of the adjustments and setbacks within the crypto market over the previous decade, the highest three crypto belongings noticed some development in worth and valuation. Nevertheless, the story is kind of totally different for the opposite tokens. MasterCoin, at present renamed Omni (OMNI), was the highest fourth asset with a market cap of $100 million.
The coin now occupies the #6,839 place, in response to CoinMarketCap, with a market cap of $1 million. Different tokens within the listing have both been delisted from crypto-tracking web sites or dropped decrease to a number of thousand within the crypto rating.
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