Let's see how 4 years changed the crypto verse:
1. Top 30, November 2017 and now
The global market cap has grown from $231B to $2.6T, which is around 11 times larger. There are 8 coins that appear in the top 30 both now and then. However, Bitcoin Cash market cap has actually gone down from $19.7B to $10.86B.
https://preview.redd.it/8fte1cudpz081.png?846&format=png&auto=webp&s=7890c3a0451ababb0b3567c599936cfc5a23abd1
The following 22 coins appear on top 30 now, that wasn’t launched or not included in top 30, November 2017:
- Top 10 (5 coins): BNB, SOL, DOT, USDC, DOGE
- Top 20 (9 coins): AVAX, SHIB, LUNA, CRO, WBTC, UNI, LINK, BUSD, MATIC
- Top 30 (8 coins): ALGO, VET, ICP, ASX, EGLD, TRX, FTT, UST
2. The market’s landscape also changed significantly: areas of focus and directions
Size of the pie doesn't proportionately reflect the market cap in absolute $ value. Just for market dominance (%)
What I could observe:
- The development of smart contracts and layer 2 solutions
- The rise of exchange based coins / tokens (2 on top 15: BNB 3rd and CRO 15th)
- The growth of stablecoin (Tether was the only stablecoin on top 30 back in 2017 with the market cap of $680M. It is now $73B. Also now there are USDC, BUSD and UST on top 30)
- The rise of DeFi (LUNA 13th)
- Two memecoins on top 12 (DOGE 10th, SHIB 12nd)
- The new arrival of gaming (ASX 26th) and NFT’s
Do you notice anything else? Let me know.
3. The one that drop out of top 30
The following 10 coins, even though not part of the current top 30, still have a market cap going up several times:
Though later on many coins on this list reached all time highs in 2018 and now still not returns to that peak as of November 2021
And these 12 coins have generated quite a lot of bag holders:
And not to forget Bitcoin Cash, though it’s still part of the top 30 now, it’s still miles away from the previous all time high.
4. Honorary mentions
- There were only 13 coins with a $1B or larger market cap back in 19 Nov 2017.
- Dogecoin and BNB ranked 46th and 47th. They are now both in top 10
- Waltonchain ranked 56th. So many people have lost money on this coin. That day Waltonchain won their own prize draw…
- VET back then was known as VEN, ranked 78th.
- The coin ranked 100th back then was Streamr (DATA) with a market cap of $49.7M. It is now known as XDATA which is on top 451 with the market cap of $112.4 M. Double in market cap in 4 years.
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