2021’s Digital Asset Shuffle: A Myriad of Crypto Market Cap Positions Moved Chaotically This Year

2021"s Digital Asset Shuffle: A Myriad of Crypto Market Cap Positions Moved Chaotically This Year

2021 has been a bullish year for crypto assets. While prices have risen a great deal, the top ten and top twenty rankings in terms of market capitalization have also changed significantly. A great number of coins have either been pushed down or have entered the crypto economy’s top positions in terms of overall market valuation. 2021’s Top Crypto Asset Positions Change Drastically

On December 27, 2020, a historical snapshot of the crypto prices that day shows that bitcoin (BTC) and ethereum (ETH) both led the pack as far as the top two crypto asset market valuations are concerned. This is still true today as both BTC and ETH are the top two market leaders. However, on December 27, 2020, bitcoin’s value was $26,272 per unit and BTC had a market cap of $488 billion. Additionally, ethereum was changing hands for $682 per unit on that same day, and had a market cap of around $77.8 billion. The top ten digital currencies on December 27, 2020, according to coinmarketcap.com’s historical top coin index.

Fast forward to December 26, 2021 statistics, and BTC was trading for $50,809 per unit and had an overall market valuation of around $960 billion. ETH on December 26, 2021, traded for $4,067 per coin and held a market capitalization of roughly $483 billion. We know that prices have changed since December 27, 2020, but BTC and ETH still lead the pack in terms of the top crypto positions. On the other hand, the rest of the top 20 coins have been shuffled like a deck of cards. The top ten digital currencies on December 26, 2021, according to coinmarketcap.com’s historical top coin index.

Tether (USDT) held the third-largest market position last year and today, it’s transitioned to the fourth-largest crypto asset in terms of market valuation. Last year, xrp (XRP) held the fourth rank but today, XRP has moved to the seventh-largest crypto coin position. A year ago, litecoin (LTC) was the fifth-largest crypto asset in terms of overall valuation but LTC has dropped all the way down to the 19th spot. Similarly, bitcoin cash (BCH) held the sixth-largest market valuation last year, but on December 26, 2021, BCH was hovering around the 25th ranking.

Binance coin (BNB) managed to increase its market position and is the third-largest market as of December 26, but a year ago BNB’s market cap held the seventh-largest position. Chainlink (LINK) was in the eighth spot last year, but as of December 26, LINK has dipped down to the 20th coin market cap ranking. Cardano (ADA) was hovering around the ninth-largest market position last year but has moved up to the sixth in a year’s time. Lastly, polkadot (DOT) was the tenth-largest market and also held that position on December 26.

New additions to the top ten standings include terra (LUNA) in the ninth position, USDC has entered the eighth-largest coin market cap ranking, and solana (SOL) holds the fifth spot today. LUNA’s market cap last year was in the 67th position, USDC held the 11th spot, and SOL was ranked 139th on December 27, 2020.

In addition to the top ten standings, a large quantity of tokens from the tenth to the 20th positions also shuffled a great deal this year. Many coins moved forward and a myriad of tokens dropped the positions they once held last year. It goes to show that 12 months in the world of crypto can change things drastically. Tags in this story ada, Bitcoin, bitcoin cash, bnb, BTC, Cardano, Crypto asset, crypto assets, Crypto Coins, DOT, ETH, ether, Ethereum, LiNK, litecoin, LUNA, Polkadot, SOL, Solana, Terra, Tether, Top 10, Top 20, USDC, USDT

What do you think about the top ten shakeup that took place this year? Let us know what you think about this subject in the comments section below. Jamie Redman

Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today. Investment Adviser Warns It"s a Mistake to Ignore Crypto Assets, Predicts Cryptocurrencies Will Outperform Equities MARKETS AND PRICES | 20 hours ago As Bitcoin and Ethereum See Sharp Drops, 18 Crypto Assets Captured Double-Digit Gains Last Week MARKETS AND PRICES | 1 day ago

Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleClose to $50 Million in Bitcoin From 2011 Moved for the First Time in 10.5 Years Next articlePakistan Freezes Over 1,000 Accounts and Cards Used For Crypto Trading Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItTokenized Bitcoin in Circulation Nears a Half Million BTC, Bitcoin-Pegged Token Value Exceeds $21 Billion

According to data recorded on December 28, there’s approximately 434,265.43 bitcoin-pegged or wrapped bitcoin tokens worth more than $21.3 billion across several blockchains. Ten different bitcoin-pegged projects exist today and the project Wrapped Bitcoin dominates 59.66% of all the tokenized ... read more.Pensioners of the National Oil Company Will Receive 2 Petros as a Gift in Venezuela Study Shows Market Share of Altcoins Surged Threefold Since 2014 Colombian Real Estate Platform Allows Users to Acquire Property With Bitcoin The Opendao Gives Xmas Airdrop to Opensea Users