Decade of Transformation: A Comparative Snapshot of Cryptocurrency Market Caps from 2013 to 2023
Summary:
This article provides a comparison of cryptocurrency market capitalization and pricing data between December 28, 2013, and December 28, 2023. While Bitcoin remained dominant over the decade, some cryptocurrencies grew in value and market cap, such as Ripple (now XRP) and Litecoin. Others, such as Mastercoin (now Omni), significantly declined. The item underlines the volatility and changeability of the digital asset market.
A variety of digital assets have endured the test of time, though some have plummeted beneath the multitude of new cryptocurrencies in existence. The following series of pricing data reveals the value of Bitcoin on each Christmas Day from 2013 to 2023, highlighting fluctuations over years:
2013: $669
2014: $318
2015: $456
2016: $894
2017: $14,302
2018: $4,021
2019: $7,266
2020: $23,760
2021: $50,888
2022: $16,849
2023: $43,254
As of December 28, the combined market value of all cryptocurrencies totaled approximately $1.77 trillion. Bitcoin (BTC) remained dominant with a market cap of $842 million. This was in line with other major players such as Ether (ETH), Binance Coin (BNB), and Solana (SOL), alongside stablecoins like Tether (USDT), and USD Coin (USDC). Other leading digital assets by market cap included XRP (XRP), Cardano (ADA), and Avalanche (AVAX), which have demonstrated continued stability. Lido Staked Ether (stETH), symbolizing the staked ETH in Lido's liquid staking protocol, is yet another top-ten entry.
On the same date a decade earlier, December 28, 2013, the leading digital assets by market cap looked drastically different. Data from CoinMarketCap reveals a total cryptocurrency market cap of just $12 billion. Bitcoin was priced at $726.89 with a market cap of $8.8 billion -- nearly 100 times lower than its current standing.
XRP, formerly known as Ripple, was another leading crypto asset ten years ago, second only to Bitcoin in market cap. It was valued at just $0.027, with a $2.6 billion market cap at that time. Litecoin (LTC) followed, priced at $22.66 with a $550 million market cap. These cryptocurrencies have since appreciated in price and remain highly traded today.
However, not all digital assets followed a similar growth trajectory. MasterCoin, now Omni, boasted a $100 million market cap a decade ago, ranking in the top four. Nowadays, however, its standing has suffered greatly and it is currently positioned at number 2337, with a market value of only $1 million.
Most cryptocurrencies that ranked in the top ten a decade ago have either descended significantly in rank or have been removed entirely from coin-tracking websites. Mysteriously, one of these historic top-ten tokens shared a name with Sam Altman’s contemporary Worldcoin (WLD) project, but under a different ticker (WDC), and bears no relation to the present-day biometrically secure token project.
Published At
12/28/2023 12:05:55 PM
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