It is estimated that the cumulative market cap of cryptocurrencies increased in early 2023 after the downfall in November 2022 due to FTX. That value declined in the summer of 2023, however, as international uncertainty grew over a potential recession. Bitcoin's market cap made up the majority of the overall market capitalization.
What is market cap?
Market capitalization is a financial measure typically used for publicly traded firms, computed by multiplying the share price by the number of outstanding shares. However, cryptocurrency analysts calculate it as the price of the virtual currencies times the number of coins in the market. This gives cryptocurrency investors an idea of the overall market size, and watching the evolution of the measure tells how much money is flowing in or out of each cryptocurrency.
Cryptocurrency as an investment
The price of Bitcoin has been erratic, and most other cryptocurrencies follow its larger price swings. This volatility attracts investors who hope to buy when the price is low and sell at its peak, turning a profit. However, this does little for price stability. As such, few firms accept payment in cryptocurrencies.
FAQs
Globally, the crypto market capitalization has surpassed $2.5 trillion, with Bitcoin setting a record high of $73,750, with a market capitalization reaching $1.44 trillion, on Mar. 14, 2024.
What was the Bitcoin market cap in 2010? ›
| DATE | CLOSE | MARKET CAP |
|---|
| December 24 2010 | $0.25 | $1,240,812.50 |
| December 23 2010 | $0.25 | $1,238,962.50 |
| December 22 2010 | $0.24 | $1,187,664.00 |
| December 21 2010 | $0.27 | $1,319,180.25 |
24 more rowsConsidering the market capitalization of cryptocurrencies over the years, from November 2021 to March 2024, there's a clear trend of growth and fluctuation. The market peaked at $3 trillion in November 2021, experiencing subsequent ups and downs before reaching $2.58 trillion in March 2024.
Which crypto will boom in 2024? ›
Top 10 Cryptos in 2024
| Coin | Market Capitalization | Current Price |
|---|
| Ethereum (ETH) | $287.89 billion | $2,393 |
| Binance Coin (BNB) | $73.99 billion | $507.14 |
| Solana (SOL) | $62.45 million | $133.76 |
| Ripple (XRP) | $30.62 billion | $0.54 |
6 more rowsSep 6, 2024
Perhaps the most popular prediction is that the cryptocurrency market capitalization will hit eight trillion dollars in 2025. The market cap as of July 11, 2024 is $2.24 trillion. If the prediction pans out well, that would mean an over 250% increase within 12 months.
What is the future of crypto in the next 5 years? ›
In summary, the future of crypto in the next 5 years looks bright. We expect increased adoption rates, especially from the retail client space. Technical innovation will also play its role, including interoperability solutions, DeFi, and the tokenization of real-world assets.
How much was 1 Bitcoin in 2010? ›
By 2010, the first recorded market price emerged, valuing Bitcoin at around $0.003 per coin. 2011 saw significant volatility, with the price surging to over $1 before dropping to around $0.30 mid-year, then reaching highs of $31 by year-end.
Which crypto has fallen the most? ›
Top Losing Cryptocurrencies
| Name | Price | 24H Change |
|---|
| MAGA CAT MAGACAT | $ <0.000001 | -85.93% |
| DOGO DOGO | $ <0.000001 | -83.39% |
| STO Cash STOC | $ 0.00223 | -80.39% |
| LOVECHAIN LCI | $ 0.005677 | -79.43% |
68 more rowsIn the first few years following the launch of Bitcoin, there were limited options for purchasing the cryptocurrency and users were often required to interact with unregulated and risky exchanges.
What is a good market cap in crypto? ›
Large-cap cryptocurrencies are generally considered to be safe crypto investments. These are companies with a market cap of more than $10 billion. Investing in coins with large market capitalisation is usually a conservative strategy.
Bitcoin (BTC)
It was created in 2009 and is currently the largest cryptocurrency by market capitalization. Often seen as a way to store value, Bitcoin is seen by many as “digital gold.” It's considered a good investment with a long history of steady growth.
How much was 1 Bitcoin in 2024? ›
Bitcoin (BTC) price per day from December 16, 2021 to September 10, 2024 (in U.S. dollars)
| Characteristic | Bitcoin price index in U.S. dollars |
|---|
| Sep 1, 2024 | 57,325.49 |
| Aug 31, 2024 | 58,969.9 |
| Aug 30, 2024 | 59,119.48 |
| Aug 29, 2024 | 59,388.18 |
9 more rowsWith potential returns projected at 1000x by 2025, 5thScape is a promising contender in the rapidly evolving crypto landscape.
What crypto will explode in 2025? ›
The article highlights five cryptocurrencies expected to rise in 2025, including Pepe Unchained, Crypto All-Stars, Base Dawgz, The Meme Games, and XRP. Each offers unique features like improved transaction speeds, staking rewards, multichain support, and the conclusion of Ripple's lawsuit with the SEC.
What crypto will skyrocket? ›
15 Cryptocurrencies that will Skyrocket for Next Bull Run 2024 [August 2024 List]:
- EarthMeta ($EMT) – Metaverse decentralized with AI integrations.
- Cybro ($CYB) – AI and blockchain integration.
- CryptoScan ($CSC) – Blockchain security tool.
- Zephyr ($ZPHR) – Decentralized energy trading.
How big Cryptocurrency Market? The cryptocurrency market cap size is expected to reach USD 2.2 billion by 2026 from USD 1.6 billion in 2021 to grow at a CAGR of 7.1%.
How much Bitcoin worth in 2024? ›
Bitcoin (BTC) Price Prediction 2024-2040
Our most recent Bitcoin price forecast indicates that its value will increase by 17.24% and reach $64,372 by September 11, 2024.
What will crypto market size be in 2030? ›
| Report Attribute | Details |
|---|
| Revenue forecast in 2030 | USD 2.90 billion |
| Growth rate | CAGR of 12.0% from 2023 to 2030 |
| Base year of estimation | 2022 |
| Historical data | 2017 - 2021 |
8 more rowsAccording to Matthew Webb, co-founder of wevr.ai, 2025 will be a year of “mostly prosperity for Bitcoin.” “However, I believe there will be some heavy turbulence. If a recession occurs, I could well see Bitcoin going as low as $30,000,” he said.
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