On CoinCodex, market cap is the default metric by which we rank cryptocurrencies on our frontpage. We also track the total cryptocurrency market cap by adding together the market cap of all the cryptocurrencies listed on CoinCodex. The total market cap provides an estimate on whether the cryptocurrency market as a whole is growing or declining. When evaluating the crypto market capitalization, it’s important to have a historical perspective of how the size of the cryptocurrency market has changed over time. We provide historical crypto market cap data showing the total crypto market cap at the end of each year since 2013.

Capital Funds

The reason is that the market cap of a cryptocurrency more or less reflects the popularity of how to buy philcoin a coin over a longer term. The market cap of a cryptocurrency more or less reflects the popularity of a coin over a longer term. What exactly are governments and nonprofits doing to reduce Bitcoin energy consumption? Another point that Bitcoin proponents make is that the energy usage required by Bitcoin is all-inclusive such that it encompasess the process of creating, securing, using and transporting Bitcoin.

Gas Price

This event is now known as “Bitcoin Pizza Day.” In July 2010, Bitcoin first started trading, with the Bitcoin price ranging from $0.0008 to $0.08 at that time. A smart contract enables multiple scripts to engage with each other using clearly defined rules, to execute on tasks which can become a coded form of a contract. They have revolutionized the digital asset space because they have enabled decentralized exchanges, decentralized finance, ICOs, IDOs and much more. A huge proportion of the value created and stored in cryptocurrency is enabled by smart contracts.

The following pie chart compares the size of Bitcoin, Ethereum, stablecoins, and all other crypto assets. On Coinmarketcap all prices are calculated by the volume-weighted average of all the prices from different exchanges. Bear in mind that it is important to monitor the circulating supply of a cryptocurrency – not the total supply. After all, it is only the circulating supply that is really available on the market right now. The live Bitcoin price today is $97,952.11 USD with a 24-hour trading volume of $42,300,766,574 USD. The current CoinMarketCap ranking is #1, with a live market cap of $1,938,145,797,745 USD.

Zero Confirmation/Unconfirmed Transaction

Lastly, and notably, market cap can be influenced by market manipulation and speculative trading. These activities can artificially inflate or deflate the market cap of a cryptocurrency. It is important for users to be aware of these factors and conduct thorough research before making buying decisions.

If you own Rocket Lab stock, you can thank the friendly analysts at Roth MKM for that, because Roth raised its price target on buy-rated Rocket Lab this morning. Roth MKM predicts Rocket Lab shares — which cost just a bit over $23 a share right now — will rise a further 29% to hit $30 a share within a year. Bitcoin has been likened to “digital gold,” but it’s not something you can hold in your hand.

• Even though one BobCoin is 50 times cheaper than one AliceCoin, the value of the BobCoin network is still higher than the value of AliceCoin.
• Some parts of the ecosystem do also not show signs of recovery and others point to a degree of caution.
• Let’s say that a company creates Stablecoin X (SCX), which is designed to trade as closely to $1 as possible at all times.
• Bitcoin, last trading around $91,500, has doubled this year and is up 30% since the U.S. election on Nov. 5 to $90,000.
• Exchanges like Cboe Global Markets CBOE are expected to submit 19b4 filings on behalf of these issuers soon, a key step in seeking SEC approval to list these ETFs.

A high market cap combined with high trading volume can indicate a strong and stable asset, while a low market cap and low trading volume may suggest a less established or less popular asset. LIt can be useful to compare the crypto market cap with the market capitalization of other asset classes to get a perspective of the relative size of the cryptocurrency market. However, it’s worth keeping in vidtbtc charts and quotes mind that different asset classes are fundamentally different in terms of liquidity and other important factors, so direct comparisons should be taken with a grain of salt. We calculate the total cryptocurrency market capitalization as the sum of all cryptocurrencies listed on the site. Many cryptocurrencies will see their circulating supply increase over the years.

If we multiply these two numbers, we arrive at a market cap of 1,944.97 billion. If you value a highly secure and decentralized network above all, Bitcoin is probably your best bet. This is because the Bitcoin network consists of thousands of nodes spread geographically and is secured by a massive amount of computing power. On the other hand, if you require transactions to be very fast and cheap, Bitcoin is probably not the best choice due to the relative inefficiency of its Proof-of-Work design. In that case, you might want to consider using a cryptocurrency like XRP or Stellar Lumens instead. If you want to use decentralized applications and need smart contract functionality, a cryptocurrency such as Ethereum or EOS would be the best choice.

Top Coins by Market Cap

To reorder the list, just click on one of the column headers, for example, 7d, and the list will be reordered to show the highest or lowest coins first. Please remember that the prices, yields and values of financial assets change. We recommend seeking the advice of a professional investment advisor for guidance related to your personal circumstances. You can find historical crypto market cap and crypto price data on CoinCodex, a comprehensive platform for crypto charts and prices.

This is done by taking the supply figures and multiplying it with the price per asset. The purpose of this website is solely to display information regarding the products and services available on the Crypto.com App. DefiLlama data highlights Solana’s growing momentum, with its total value locked (TVL) reaching $8.6 billion—the highest since November 2021. Despite being declared “dead” numerous times, Solana has surged from $8 to its current levels, proving skeptics wrong. Veteran trader Jacob Canfield pointed out that Solana’s current levels are nearing its all-time highs, praising its resilience.

We do not cover every chain, but at the time of writing we track the top 70 crypto chains, which means that we list more than 97% of all tokens. Generally, cryptocurrency price data will be more reliable for the most popular cryptocurrencies. Cryptocurrencies such as Bitcoin and Ethereum enjoy high levels of liquidity and trade at similar rates regardless of which specific cryptocurrency exchange you’re looking at. A liquid market has many participants and a lot of trading volume – in practice, this means that your trades will execute quickly and at a predictable price. In an illiquid market, you might have to wait for a while before someone is willing to take the other side of your trade, and the price could even be affected significantly by your order.

Over the years a large number of people have contributed to improving the cryptocurrency’s software by patching vulnerabilities and adding new features. Play-to-earn (P2E) games, also known as GameFi, has emerged as an extremely popular category in the crypto space. It combines non-fungible tokens (NFT), in-game crypto tokens, decentralized finance (DeFi) elements and sometimes even metaverse applications. Players have an opportunity to generate revenue by giving their time (and sometimes capital) and playing these games. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Some of these bitcoin ‘will surge to value of $1million’ as expert predicts ‘enormous money’ coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance.

In May 2021, the Chinese government declared that all crypto-related transactions are illegal. This was followed by a heavy crackdown on Bitcoin mining operations, forcing many crypto-related businesses to flee to friendlier regions. Although HODLers will probably not notice a big impact, Taproot could become a key milestone to equipping the network with smart contract functionality. In particular, Schnorr Signatures would lay the foundation for more complex applications to be built on top of the existing blockchain, as users start switching to Taproot addresses primarily.