March 8, 2019 | Investopaper
Cryptocurrency has been the trending topics in the investment community in last 5 years. The sky rocketing of prices of all cryptocurrencies until January 2018, led the hot topics for discussion everywhere. Bitcoin, the leading cryptocurrency, gained 1,824% in a year since 1 January 2017. The price of bitcoin rose from $750 to 19,783.06 within a year(2017) attracting millions of investors worldwide. However, the bubble in the cyptocurrency market was set to burst after reaching all time high. Bitcoin fell from its all-time high to $ 3,709.50 at December 31st, 2018 with decline in price by more than 80%.
As of current date, there has been huge deduction in the market capitalization of several crytocurrencies. The total market cap of cryptocurrency market is $133.68 billion. Here is the list of top 10 cryptocurrency on the basis of their market capitalization. Bitcoin, with $68.87 billion market cap, leads the list followed by Ethereum (market cap $14.64 billion)
|Rank||Cryptocurrency||Current Market Capitalization(‘billion’)|
|6.||Bitcoin Cash (BCH)||$2.36|
|8.||Binance Coin (BNB)||$2.02|
|9.||Stellar Lumens (XLM)||$1.65|