If you’re curious about the potential of cryptocurrencies, you’ve probably been wondering how much they’re worth. To answer this question, you need to know what each coin’s market cap is and how much it’s currently worth. This article aims to provide you with a brief overview of each of them and their market caps. Whether or not you’re interested in a particular coin is entirely up to you.
Bitcoin
The crypto market is notoriously volatile, with unrivaled gains and equally extreme risks. As such, the question is: what is cryptocurrency’s actual present value? The answer to this question can be found in the total market cap of the cryptocurrency industry. Let’s look at the top 10 cryptocurrencies by total market cap. These are Bitcoin, Ethereum, Ripple, Litecoin, Stellar, XRP, and more.
The total market cap is a valuable metric for investors. It indicates how popular a cryptocurrency project is. Similarly, the total market capitalization provides an insight into the company’s overall performance. While market capitalization does not represent money, it does reflect how many coins are available in the market. Market cap is based on price, so small changes can significantly impact the total market cap.
While this metric can help evaluate a cryptocurrency project, it is far from reliable for assessing the value of a cryptocurrency project. Bitcoin’s cap, for example, can fluctuate wildly based on public enthusiasm, circulating supply, and crypto bans in certain countries. Thus, it is a poor indicator of the actual value of a cryptocurrency. So, let’s consider other factors when estimating a cryptocurrency’s potential market cap.
Ethereum
If the market cap of all cryptocurrencies reached $1 trillion by 2023, it would be enough to make Ethereum the world’s second-most valuable cryptocurrency. Bitcoin currently stands at $967 billion. To make up the difference, Ethereum would have to surpass Bitcoin or close the gap significantly. Although it is difficult to predict the cryptocurrency market’s future, higher inflation has hit the cryptocurrency market in the same way that it has hit growth stocks.
While many investors believe in the long-term potential of Ethereum, others have doubts about its prospects. The currency’s limited and unfixed supply are two reasons it’s so different from Bitcoin and other popular payment technologies. Its lack of scarcity and infinite supply is negative points for some investors, but they also believe it will eventually overtake the former. Therefore, many investors are putting their money into Ethereum, hoping it will outperform Bitcoin.
Litecoin
Litecoin’s total market cap can be calculated by multiplying its supply by its price at the time of this article. This number reflects the popularity of the cryptocurrency over a more extended period. In contrast, the circulating supply is only what is currently in circulation. Hence, if you want to analyze Litecoin’s market cap, you’ll need to consider its circulating and total supply.
Unlike other metrics, the total market cap can give investors an idea of a cryptocurrency’s potential. It can also provide valuable insights into its potential future. For instance, if one crypto’s market cap is $20 and another one is $80, then the total market cap of both would be $13,428,862,695.
However, despite the widespread adoption of Litecoin, its price has suffered recently. A crackdown by the SEC on crypto exchanges has caused the value of Bitcoin to fall. As a result, other currencies have emerged, such as Bitcoin Cash and Litecoin. These other currencies have different uses, such as mining applications and accounting. Despite this, they claim to offer greater anonymity. Therefore, their total market cap may increase slightly in the coming years.
Litecoin Cash
Despite its smaller market cap, Litecoin Cash has high growth potential. Bitcoin’s smaller capacity limits Litecoin’s growth, but it is less volatile than its rival. This combination makes it an excellent long-term investment, even if it has limited growth potential in the short term. Moreover, it is cheap and stable, trading for under $200. That means it is an attractive option for many investors who want to reap the benefits of a booming cryptocurrency market.
Litecoin Cash’s growth potential can be measured by the number of transactions processed per second. Compared to Bitcoin, Litecoin can be mined every 2.5 minutes. It is faster than its competitor, which means it can handle more transactions. In addition to facilitating financial transactions, transaction speed is vital for merchants and customers. Cryptocurrency needs to gain acceptance in the mainstream.
Ripple
The Ripple protocol is a payment protocol that uses blockchain technology to process international money transfers. The protocol is a safe, fast, and efficient way to move funds between banks. Ripple has partnered with hundreds of financial institutions, making it easy for users to exchange money. While it’s not a cryptocurrency, Ripple issues its native currency, XRP. Traders and investors can purchase XRP to participate in the Ripple ecosystem.
The price of XRP, the underlying currency of the Ripple platform, has climbed over 20% this year alone. The XRP currency is used for payments on the RippleNet, where transactions are completed by converting payment amounts into the recipient’s currency. The total supply of XRP is 100 billion, but it may hit that limit sooner than expected. Ripple has also recently been the subject of a lawsuit from the US Securities and Exchange Commission, accusing the company of selling unregistered securities and issuing a fine. However, this case is not yet over, and it will likely not dramatically affect the XRP price.
The new crypto regulations will profoundly impact the prices of cryptocurrencies. These regulations are expected to lower the price of conventional cryptocurrencies while sending Ripple’s price soaring. The new regulations will undoubtedly affect all cryptos, but Ripple’s market cap potential is significantly higher than other cryptocurrencies. This will make Ripple a more attractive investment for investors. In the meantime, XRP is still very much a risky asset.
XRP
XRP is an emerging cryptocurrency that has the potential to eclipse the value of Bitcoin in the total market cap. Its price has more than doubled last year, rising 500 percent since the beginning of the year. Currently, XRP is trading for $0.19 per coin, which is less than one-tenth of a cent. The sudden surge in XRP’s price has caused Bitcoin to experience a steep decline in market dominance. Recently, XRP has recorded a massive increase in weekly institutional inflows, attracting $33 million in the second week of April.
Ripple’s CEO Brad Garlinghouse has argued that XRP has more potential in a total market cap than Bitcoin. However, he does admit to having some Bitcoin. Despite this, XRP’s potential is enormous in the financial services industry. With so many other benefits, it could help the residents of developing nations who lack access to traditional banks. By allowing them to transfer money quickly, XRP could see a massive jump in demand.
Read More: Leading Analyst Gives Bullish Forecast for Altcoins
Dash
Many factors will affect Dash’s total market cap potential, including price movement and liquidity. A company’s enterprise value is a more comprehensive assessment than a market cap, which considers the price of a stock and the number of shares outstanding. It also considers other critical financial data, such as long-term debt, the book value of the preferred stock, and minority interest. Investors use valuation analysis to determine a company’s value relative to its competitors.
The recent price action in DASH is a good indicator of future price movements. The currency’s price has fluctuated considerably in the last few months, making it possible to predict a rally in the future. This price rise coincides with an expected sweeping upgrade of the software protocol. The rise in price on June 1st likely signals many new market participants. A similar pattern was seen in December when the price of Dash rose 286% from its lows. However, on March 12th, it gave up some of these gains to reach a new multi-year low. High-timeframe analysis can help traders predict upcoming price movements. Technical indicators, such as Exponential Moving Averages (EMAs), pivot points, volume profiles, and the Ichimoku Cloud, can provide important information on potential price moves.
Monero
We tend to focus on the market cap when we talk about cryptocurrencies, but this number is misleading. It does not tell us how valuable a token is because it is the last transaction price multiplied by its circulating supply. Instead, we should focus on the total value of the network. The more coins Monero has, the greater its potential market cap is. But what does this mean for the token itself?
In 2017, the total crypto market cap topped out at about $1 trillion. But then it fell back to the regression band. Currently, it stands at $290 billion. Its difference from the lowest point of the regression band shows that the peak levels are getting lower with each market cycle. This supports the theory of diminishing returns over time. In 2021, Monero could reach $900. And by 2025, it could reach $1400. That would be a huge market cap.
In contrast, Polkadot uses “parachains,” which allow it to run at a higher transaction throughput than Ethereum. Parallel blockchains are a way to spread transactions across multiple computers and are being touted as Ethereum alternatives. Binance USD is the world’s largest cryptocurrency exchange, and the Ethereum network backs it. It is accepted everywhere that accepts ERC-20 tokens.
