A bear market 2018 may discourage investor-speculator hunt to engage a new asset class, however, it seems that the trend is not strongly affected by the number of altcoins launched on the market. Proof is the fact that the website CoinMarketCap, a popular source of information about the state of cryptocurrency, 28 Sep passed another important milestone. Now his rating market capitalization includes data on more than 2000 active coins and tokens. Since the beginning of 2018 list site filled with 600 digital assets.
Much of the new currency is tokens, operating on the blockchains of other coins. Even projects that would eventually launch its own baccani, often start as ICO in Ethereum, Stellar, and others.
As of Friday, September 28, the index market capitalization currencies on CoinMarketCap includes 2008 assets.
The website does not provide data on how many cryptocurrencies he was subjected to de-listing, but reports that indexed all projects must be posted on public cryptocurrency exchange with a functional API and to have nonzero trading volume.
This is not the most stringent requirements. Frankly fraudulent project PayCoin, the founder who recently went to prison for 21 months, managed to have a market capitalization of $157 000 for the background of the intraday trading volume of $7.
Nevertheless, the dropout rate remains low. For example, three of the ten largest crypto-currencies, as of may 2013, the earliest date that the Internet Archive has fixed the website — is missing from the list. So, the coin BBQCoin, which in that day was in 11th place, and has not received wide distribution.
The market capitalization of cryptocurrencies in may 2013
Despite the many cryptocurrency projects that occur day in, day out, bitcoin, which marked the beginning of it all, still dominates the market.
As of Friday morning, the share bitcoin accounted for 52.1% of the market capitalization of cryptocurrencies. In other words, bitcoin is worth more than all the rest of the 2007 cryptocurrency combined.
Graph illustrating the dominance of bitcoin on the market, from 28 April 2013 till 28 Sep 2018
It was not always so. If at the end of 2013 the share of bitcoin accounted for 97% of market capitalization in the next few years his position was not so strong, although he always kept more than 80%. The situation changed in 2017, when the Ethereum with the development of ICO long claimed the palm. At a certain stage of three-quarters of the market capitalization controlled altcoins, but a bear market this year have cemented the dominant position of bitcoin in the cryptocurrency ecosystem.
According to the materials of CCN
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