In the Past Six Years, The Group of Coins That Make Up The Top 10 Cryptocurrencies has Changed Substantially. While That is to be Expected in any Early-stage Technology field, a Comparison of Today’s top Crypto Assets Versus those from Six Years ago also serves as a reminder to altcoin investors of how risky their holdings actually are.
Looking back at 2013 it will come as no Surprise that Bitcoin (BTC) was umber one in the top 10 Measured by market capitalization (and about every other metric). It is a Position that BTC has Maintained, from the time the First competing altcoin - Namecoin - was Launched in 2011 until today.
The List of other top 10 Coins from Six Years ago Includes some familiar names — But also Several coins that Many that have Only Entered the Cryptocurrency Space in recent ears will have likely never heard of. The top 10 Coins on September 1, 2013, were Bitcoin, Litecoin, Ripple, Namecoin, Peercoin, Feathercoin, Novacoin, Primecoin, Terracoin, and Infinitecoin.
Looking at today’s top 10, Which is composed of Bitcoin, Ethereum, Xrp, Tether, Bitcoin Cash, Litecoin, Eos, Binance Coin, ,Bitcoin sv and, Stellar it becomes clear that the Cryptographic asset space has come a long way.
Six years ago, altcoins were largely clones of bitcoin with little more to offer than slightly faster transaction speeds and lower fees. Today, the top 10 largest digital assets have much more to offer, ranging from smart contract functionality, to acting as a transactional layers for the Internet of Things (IoT), to enabling anonymous payments.
The fast-changing list of top assets suggests that those who have stood the test of time may have the potential to continue to do so and thus offer a more defensive addition to crypto portfolios. At the same time, though, the leading altcoins change constantly and many projects that have been dubbed the next Bitcoin or Ethereum have fallen off the radar shortly after reaching the top 10 — Dogecoin, NEM, Omni, Steem and Nxt to name a few.
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