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In January 2018, Coinmarketcap took out South Korean exchanges from its calculation for prices because the prices there were consistently higher than in other regions. That caused a significant decline in XRP's market capitalization and created chaos on the markets. [2] [3]
The market capitalization of a cryptocurrency is calculated by multiplying the price by the number of coins in circulation. The total cryptocurrency market cap has historically been dominated by bitcoin accounting for at least 50% of the market cap value where altcoins have increased and decreased in market cap value in relation to bitcoin.
Currency Symbol Founder(s) Hash algorithm Programming language of implementation Consensus mechanism Notes 2009 Bitcoin: BTC, [3] XBT, ₿ Satoshi Nakamoto: SHA-256d [4] [5] C++ [6] PoW [5] [7] The first and most widely used decentralized ledger currency, [8] with the highest market capitalization as of 2018. [9] 2011 Litecoin: LTC, Ł Charlie ...
Small-cap: Companies with a market capitalization between $300 million and $3 billion In the example above, Company A with a market cap of $10 billion could be considered a mid-cap.
In fact, there are now three other dog-themed meme coins that rank among the top 100 cryptocurrencies based on market cap. ... Dogecoin might have fit this definition of a cult-like meme coin ...
Based on a free-market ideology, bitcoin was invented in 2008 by Satoshi Nakamoto, an unknown entity (person or persons). [5] Use of bitcoin as a currency began in 2009, [6] with the release of its open-source implementation. [7]: ch. 1 In 2021, El Salvador adopted it as legal tender. [4]
Tether Limited also disclosed a net equity of $11.9 billion, and the stablecoin's market capitalization exceeded $114 billion. [5] [6] Tether faces criticism regarding the transparency and verifiability of its claimed fiat reserves. [7] Tether is the largest cryptocurrency in terms of trading volume, holding 70% of the market share among ...
Approximately one month later, enough money was donated to cover all of the coins that were stolen. [24] In January 2014, the trading volume of Dogecoin briefly surpassed that of all other cryptocurrencies combined. However, its market capitalization remained substantially behind that of Bitcoin.