Crypto Market Cap | CoinCodex (2024)

Total Market Cap Bitcoin Market Cap
$ 2.55T (-1.95%)$ 1.32T (-1.43%)

The crypto market cap is currently $ 2.55T following a -1.95% decrease in the last 24 hours. Bitcoin is currently the largest crypto asset, accounting for 51.75% of the cryptocurrency market capitalization.

The total crypto market cap is calculated by adding together the market capitalizations of all cryptocurrencies. The crypto market cap reached its all-time high on Nov 10, 2021 at a value of $ 3.06T. Currently, the cryptocurrency market cap is down -16.59% from its all-time high.

Events That Shaped Crypto Market Cap

Often, big changes in the crypto market cap are connected to significant events in the cryptocurrency and blockchain industry. Here are some of the most impactful events that resulted in major cryptocurrency market movements:

  1. November 28, 2012: First Bitcoin halving
  2. February 7, 2014: Mt. Gox suspends Bitcoin withdrawals
  3. June 17, 2016: The DAO gets hacked
  4. July 9, 2016: Second Bitcoin halving
  5. August 1, 2017: Bitcoin Cash hard fork
  6. May 11, 2020: Third Bitcoin halving
  7. October 21, 2020: PayPal announces it will offer crypto to its customers
  8. February 8, 2021: Tesla invests in Bitcoin
  9. September 15, 2021: Ethereum transitions to Proof-of-Stake
  10. May 9, 2022: UST stablecoin loses its peg, leading to Terra ecosystem collapse
  11. November 8, 2022: FTX halts withdrawals

However, it's not always the case that big market moves are connected to specific events. Sometimes, the cryptocurrency market moves because of technical factors, such as important support and resistance price levels.

Crypto market cap comparison with other asset classes

LIt can be useful to compare the crypto market cap with the market capitalization of other asset classes to get a perspective of the relative size of the cryptocurrency market. However, it's worth keeping in mind that different asset classes are fundamentally different in terms of liquidity and other important factors, so direct comparisons should be taken with a grain of salt.

Market cap of cryptocurrencies compared to gold, stocks and US dollar market cap

The market cap of cryptocurrencies is currently $ 2.55T. The estimated market cap of gold is $ 12.28T and the market capitalization of the U.S. stock market is $ 40.51T Meanwhile, the US dollar market cap is estimated at $ 23.37T.

Historical market cap of all crypto assets since 2013

When evaluating the crypto market capitalization, it's important to have a historical perspective of how the size of the cryptocurrency market has changed over time. We provide historical crypto market cap data showing the total crypto market cap at the end of each year since 2013.

YearMarket CapYearly Change
2013$ 10.44B-
2014$ 5.43B-48.94%
2015$ 7.02B29.00%
2016$ 17.31B144.80%
2017$ 548.32B3,006.99%
2018$ 128.68B-77.37%
2019$ 193.19B53.28%
2020$ 751.41B293.90%
2021$ 2.27T192.69%
2022$ 814.07B-64.26%
2023$ 1.66T103.85%

Cryptos by Market Cap

The top crypto by market cap is currently Bitcoin. BTC has a market capitalization of $ 1.32T. Here is the crypto ranking by market cap:

NamePriceMarket Cap24h Change
Bitcoin$ 67,027$ 1.32T-1.43%
Ethereum$ 3,571.15$ 428.82B-2.97%
Tether$ 0.999475$ 103.36B-0.04%
Binance Coin$ 568.47$ 85.01B-5.70%
Solana$ 191.01$ 84.77B-0.36%
XRP$ 0.613657$ 33.63B-1.73%
USD Coin$ 1.00$ 30.84B0.00%
Cardano$ 0.674863$ 22.82B-4.46%
Dogecoin$ 0.148621$ 21.33B-2.43%
Avalanche$ 55.72$ 21.02B-3.80%

The 11th largest cryptocurrency by market cap is currently Shiba Inu. In order to get into the crypto top 10, the Shiba Inu market cap would need to grow by $ 5.24B.

Biggest Market Cap Cryptos by Sector

Cryptocurrency and blockchain technology has evolved significantly since Bitcoin was first released in 2009. Today, it’s helpful to categorize digital currencies in different sectors. Let’s explore the biggest cryptocurrencies in each major category:

SectorSector Market CapCoin NameCoin Market Cap
Layer 1$ 2.17TBitcoin$ 1.32T
Proof-of-Work Coins$ 1.37TBitcoin$ 1.32T
Proof-of-Stake Coins$ 623.52BEthereum$ 428.82B
Ethereum (ERC20) Tokens$ 151.75BShiba Inu$ 15.78B
Stablecoins$ 146.77BTether$ 103.36B
Exchange Tokens$ 114.91BBinance Coin$ 85.01B
Binance Smart Chain$ 92.85BBinance Coin$ 85.01B
DeFi Coins$ 73.28BChainlink$ 10.65B
Meme Coins$ 51.90BDogecoin$ 21.33B
AI Crypto$ 26.91BRender Token$ 4.36B
Layer 2$ 24.65BPolygon$ 8.47B
NFT Tokens$ 19.40BTheta Token$ 2.59B
Tron Network$ 15.29BTRON$ 11.58B
Gaming$ 14.30BTHORChain$ 2.86B
Metaverse$ 13.01BTheta Token$ 2.59B
Yield Farming$ 12.51BUniswap$ 7.27B
Privacy Coins$ 4.27BMonero$ 2.63B
Bitcoin (BRC20) Tokens$ 1.37BOrdinals$ 1.34B
Gambling$ 550.44MDice$ 366.87M

Crypto Market Cap Chart

We can visualize the relative size of the biggest cryptocurrencies with a crypto market cap chart. The following pie chart compares the size of Bitcoin, Ethereum, stablecoins, and all other crypto assets.

Bitcoin's share of the total cryptocurrency market cap is commonly called Bitcoin dominance. At the moment, Bitcoin dominance is at 51.75%.

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Crypto Market Cap | CoinCodex (2024)

FAQs

What is a reasonable market cap for crypto? ›

Mid-cap cryptocurrencies have market caps between $1 billion and $10 billion – they generally are considered to have more untapped potential upside but also higher risk. Small-cap cryptocurrencies have a market cap of less than $1 billion and are most susceptible to dramatic swings based on market sentiment.

How high could Bitcoin go in 10 years? ›

10 Years of Decentralizing the Future

Jack Dorsey believes the price of bitcoin could reach over $1 million by the end of 2030. His outlook aligns with that of other industry leaders, such as Cathie Wood, who predicted that bitcoin could go as high as $1.5 million by that time.

How high could Bitcoin realistically go? ›

Bitcoin has been the subject of many price predictions, some of them extreme. Notably, Cathie Wood, CEO of Ark Invest, predicted that bitcoin could reach an astounding $1.48 million by 2030. Obviously, the world's oldest cryptocurrency has come a long way since its first recorded price of less than a cent.

What is considered a good market cap? ›

Sizing up stocks

Large-cap: Market value of $10 billion or more; generally mature, well-known companies within established industries. Midcap: Market value between $3 billion and $10 billion; typically established companies within industries experiencing or expected to experience rapid growth.

What is a good market cap range? ›

Large-cap companies have a market value between $10 billion and $200 billion. Mid-cap companies have a market value between $2 billion and $10 billion. Small-cap companies have a market value between $250 million and $2 billion. Micro-cap companies have a market value below $250 million.

How much will $1000 Bitcoin be worth in 2030? ›

If Bitcoin continues this pattern into 2030, the price could peak around 2029 or 2030. If Wood is correct and Bitcoin reaches $3.8 million, if you invested $1,000 in Bitcoin now, it would be worth $54,280 in 2030. This would result in a compounded annual growth rate (CAGR) of nearly 95%.

How much will 1 Bitcoin be worth in 2040? ›

By 2040, the maximum price of the BTC Coin is projected to be around $5,69,240.60. Our average price forecast for Bitcoin is $5,57,632.74 in 2040. Conversely, if the market turns bearish, the minimum price level of BTC Coin could fall down to $5,42,838.40 by 2040.

Could Bitcoin go to a million? ›

Bitcoin future price predictions

The one price prediction that everyone is talking about is the one made by Cathie Wood of Ark Invest. In early 2022, she predicted that Bitcoin would hit a future price of $1 million by the year 2030.

Will Bitcoin hit 100k in 2024? ›

Some analysts believe that bitcoin could reach a record benchmark of $100,000 by the end of 2024, but retail investors haven't come off the sideline yet.

Will Bitcoin make it to $100,000? ›

A 50% gain this year would boost Bitcoin's price to $65,800 by Jan. 1, 2025, while another 50% gain would drive its price to $98,700 by Jan. 1, 2026. So if Bitcoin merely replicates its average annual growth rate from the past decade, its price could approach $100,000 by the end of 2025.

How much will 1 ethereum be worth in 2030? ›

Ethereum (ETH) Price Prediction 2030

According to your price prediction input for Ethereum, the value of ETH may increase by +5% and reach $ 4,172.69 by 2030.

What crypto is the next big thing? ›

Like BTC, ETH is up sharply so far in 2024, surging 53.6% through April 1. These two cryptos are undoubtedly the best in their asset class. Some market watchers speculate that Ethereum ETFs will be the next step in crypto's mainstream adoption, and if any digital currency is next in line, it's undoubtedly Ether.

Is it good to buy crypto with high market cap? ›

Pull the market metrics

Judging a cryptocurrency by market cap alone isn't recommended, but cryptocurrencies with a high market cap ($1 billion+) may be considered less risky due to their value potential. However, some cryptocurrencies with high market caps may still be high-risk.

Is a high market cap good or bad crypto? ›

Typically, cryptocurrencies with a larger market cap might be seen as less risky than those with smaller caps. Liquidity Indicator: Higher market cap coins typically offer better liquidity, making it easier to buy or sell.

What is considered high cap crypto? ›

Large cap, or large capitalization, refers to the market capitalization of at least $ 10 billion. While the term originated in the traditional markets, it's also applicable in the crypto world. The market cap of a crypto token can be calculated when you multiply the price of the currency by its supply in circulation.

Is high market cap good? ›

A high market cap signifies that the company has a larger presence in the market. Larger companies may have less growth potential than start-up firms, but established companies may be able to secure financing cheaper, have a more consistent stream of revenue, and capitalize on brand recognition.

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