The list of major cryptocurrencies by capitalisation has seen several changes in the last week.
The list of top cryptocurrencies by capitalisation has seen several changes in the last week. Here's how the Top 10 crypto assets have changed.
The rise in Bitcoin's share price last week coincided with increased activity in the altcoin market. Despite the overall growth in crypto market capitalisation, some digital assets have significantly outperformed the main cryptocurrency over the past seven days, leading to significant changes in the Top 10 largest cryptocurrencies by capitalisation.
The Top 10 Crypto Assets Changed.
The top three positions in the list of the largest cryptocurrencies by capitalisation remain unchanged, with Bitcoin, Ethereum (ETH) and stablecoin Tether (USDT). On Monday 11 November, Bitcoin's price surpassed $82,000 per coin, a weekly increase of about 20 per cent, bringing its capitalisation to $1.62 trillion at 1pm. Bitcoin's all-time high price is $82,178, according to the exchange Binance.
Ethereum's capitalisation rose 28% to $3,150 with a capitalisation of $380 billion. USDT's capitalisation stood at almost $123.4 billion, about $3 billion more than the previous week.
The fourth position is now occupied by Solana (SOL), whose listing rose almost 30% to $209, with a capitalisation of $98.4 billion, overtaking BNB Chain (BNB), which drops to fifth place. During the night of 11 November, SOL's capitalisation exceeded $100 billion. BNB, the token of the largest cryptocurrency exchange Binance, has a capitalisation of $89 billion, with a weekly growth of just over 10%.
In sixth place we find Dogecoin (DOGE), the memecoin that saw a surge of about 90% during the week, reaching a capitalisation of $42 billion. Dogecoin jumped from eighth to sixth place, overtaking stablecoin Circle (USDC) and the blockchain cryptocurrency ofRipple (XRP). USDC dropped from sixth place for the first time in several years, dropping to seventh place with a capitalisation of $37 billion. XRP is now in eighth place, with 15% growth and a capitalisation of $33 billion.
The ninth and tenth places are occupied by the blockchain Cardano (ADA), with 75% growth and a capitalisation of $20 billion, and the memecoin Shiba Inu (SHIB), which has grown by more than 50%, with a capitalisation of around $14.9 billion.
The cryptocurrencies Tron (TRX)and Toncoin (TON)exited last week's Top 10, with capitalisations of $14.2 billion and $13.5 billion respectively. Tron is the only one on this list to show no growth during the week. Toncoin rose about 9 per cent, but its price has not yet risen above $6 per coin, a level it had reached before Telegram founder Pavel Durov was detained in France in August.
The overall market capitalisation rose about 20 per cent in the week to 4 November, to over $2.77 trillion. According to an analysis of the top 100 cryptocurrencies by capitalisation, with the exception of Tron and stablecoins, all crypto assets have experienced growth.
Conclusion
The cryptocurrency market has evolved significantly since Bitcoin's inception, especially with the growth and diversification of the overall capitalisation beyond Bitcoin alone. At one time, Bitcoin held overwhelming dominance, accounting for almost the entire market capitalisation.
The transformation of the Top 10 cryptocurrencies reflects the shift from a single-asset market, dominated by Bitcoin, to a multi-faceted ecosystem. As different crypto assets target unique use cases and decentralised infrastructures, the landscape is likely to continue to evolve, with new technologies and market needs continuing to reshape the rankings and relevance of these assets.
Keep up to date with all that is happening in the Web3 and cryptocurrency world: sign up now for the SpazioCrypto newsletter and receive the most relevant news in your inbox, every Sunday.
The list of top cryptocurrencies by capitalisation has seen several changes in the last week. Here's how the Top 10 crypto assets have changed.
The rise in Bitcoin's share price last week coincided with increased activity in the altcoin market. Despite the overall growth in crypto market capitalisation, some digital assets have significantly outperformed the main cryptocurrency over the past seven days, leading to significant changes in the Top 10 largest cryptocurrencies by capitalisation.
The Top 10 Crypto Assets Changed.
The top three positions in the list of the largest cryptocurrencies by capitalisation remain unchanged, with Bitcoin, Ethereum (ETH) and stablecoin Tether (USDT). On Monday 11 November, Bitcoin's price surpassed $82,000 per coin, a weekly increase of about 20 per cent, bringing its capitalisation to $1.62 trillion at 1pm. Bitcoin's all-time high price is $82,178, according to the exchange Binance.
Ethereum's capitalisation rose 28% to $3,150 with a capitalisation of $380 billion. USDT's capitalisation stood at almost $123.4 billion, about $3 billion more than the previous week.
The fourth position is now occupied by Solana (SOL), whose listing rose almost 30% to $209, with a capitalisation of $98.4 billion, overtaking BNB Chain (BNB), which drops to fifth place. During the night of 11 November, SOL's capitalisation exceeded $100 billion. BNB, the token of the largest cryptocurrency exchange Binance, has a capitalisation of $89 billion, with a weekly growth of just over 10%.
In sixth place we find Dogecoin (DOGE), the memecoin that saw a surge of about 90% during the week, reaching a capitalisation of $42 billion. Dogecoin jumped from eighth to sixth place, overtaking stablecoin Circle (USDC) and the blockchain cryptocurrency of Ripple (XRP). USDC dropped from sixth place for the first time in several years, dropping to seventh place with a capitalisation of $37 billion. XRP is now in eighth place, with 15% growth and a capitalisation of $33 billion.
The ninth and tenth places are occupied by the blockchain Cardano (ADA), with 75% growth and a capitalisation of $20 billion, and the memecoin Shiba Inu (SHIB), which has grown by more than 50%, with a capitalisation of around $14.9 billion.
The cryptocurrencies Tron (TRX)and Toncoin (TON) exited last week's Top 10, with capitalisations of $14.2 billion and $13.5 billion respectively. Tron is the only one on this list to show no growth during the week. Toncoin rose about 9 per cent, but its price has not yet risen above $6 per coin, a level it had reached before Telegram founder Pavel Durov was detained in France in August.
The overall market capitalisation rose about 20 per cent in the week to 4 November, to over $2.77 trillion. According to an analysis of the top 100 cryptocurrencies by capitalisation, with the exception of Tron and stablecoins, all crypto assets have experienced growth.
Conclusion
The cryptocurrency market has evolved significantly since Bitcoin's inception, especially with the growth and diversification of the overall capitalisation beyond Bitcoin alone. At one time, Bitcoin held overwhelming dominance, accounting for almost the entire market capitalisation.
The transformation of the Top 10 cryptocurrencies reflects the shift from a single-asset market, dominated by Bitcoin, to a multi-faceted ecosystem. As different crypto assets target unique use cases and decentralised infrastructures, the landscape is likely to continue to evolve, with new technologies and market needs continuing to reshape the rankings and relevance of these assets.
Keep up to date with all that is happening in the Web3 and cryptocurrency world: sign up now for the SpazioCrypto newsletter and receive the most relevant news in your inbox, every Sunday.
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