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In the crypto scene, market cap is a way to gauge a cryptocurrency’s popularity and potential for growth. Calculated by multiplying the total coins in circulation by the price per coin, this figure helps assess whether a cryptocurrency is a solid choice compared to others in terms of safety and potential returns.
According to Invezz.com, the top 20 cryptocurrencies make up 85.93% percent of the total market.
In a recent analysis, researchers examined the market caps of 2,174 cryptocurrencies listed on CoinMarketCap, revealing that the top 20 tokens command a substantial 85.93% of the total market. It’s worth noting that cryptocurrencies with self-reported market caps were intentionally excluded from the study.
The analysis also unveils that the top 120 cryptocurrencies account for a staggering 93.07% of the total market.
Within this landscape, Bitcoin emerges as the leader, capturing a significant 49.11% of the market share, followed by Ethereum with 16.50%.
These are the top 20 cryptocurrencies ranked by their total value in circulation, known as market capitalization. It’s not a suggestion on what to buy or avoid; rather, it’s a list of the most significant projects by market capitalization. It gives you an overview of the landscape before making decisions about investing in crypto:
| 1 | Bitcoin | 49.11% |
| 2 | Ethereum | 16.50% |
| 3 | Tether USDt | 6.00% |
| 4 | BNB | 2.34% |
| 5 | XRP | 2.20% |
| 6 | USDC | 1.66% |
| 7 | Solana SOL | 1.59% |
| 8 | Cardano | 0.91% |
| 9 | Dogecoin | 0.76% |
| 10 | TRON | 0.63% |
| 11 | Toncoin | 0.55% |
| 12 | Chainlink | 0.54% |
| 13 | Avalanche | 0.50% |
| 14 | Polygon | 0.47% |
| 15 | Polkadot | 0.44% |
| 16 | Wrapped Bitcoin | 0.41% |
| 17 | Dai | 0.36% |
| 18 | Litecoin | 0.35% |
| 19 | Shiba Inu | 0.33% |
| 20 | Bitcoin Cash | 0.29% |
Market analyst for Invezz, Crispus Nyaga commented on the findings:
Market cap remains a crucial gauge of a cryptocurrency’s relevance, despite being criticized for reflecting long-term popularity rather than immediate value. Large-cap cryptocurrencies, with market caps exceeding $10 billion, are generally viewed as safer investments due to their stability compared to smaller assets. Mid-cap cryptos, while more volatile, offer greater growth potential, while small-cap cryptocurrencies are highly risky but may present short-term growth opportunities with the caveat of sudden crashes.
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