Anybody who is ready to take the risk can enter the cryptoasset world with a smiling face! This market is extremely lucrative and recent statistics about them is the proof. The market which had started with Bitcoin priced at mere $13 in 2013, has now become a massive industry with many other cryptoassets — like Ripple, Bitcoin Cash and Ethereum. Though they faced a setback in the last months of 2017, the last few weeks have emphatically shown that it is time for cryptoassets to rebound. The total cryptoasset market capital has reached $450 billion dollars today! That’s a huge comeback.
This market has not gone up due to the success of any one cryptoasset in particular, but a lot of them. Here are the top five gainers that have gone up in the recent times and contributed largely to this bull run.
Undoubtedly, Bitcoin tops this list. With a market capitalization of $155,070,921,616, Bitcoin is ruling the cryptoasset market since the time it was launched. Just like any other market, Bitcoin too saw some decline during January 2018, but it has come back in the market since February 2018 with a 33% increase from its low barely a month ago!
Launched in 2014, Ethereum’s main primary was to pursue further decentralization. It solves the problems faced by Bitcoin to some extent! It gained momentum when Bitcoin fell to low prices. Since then, it is always on the list of top cryptoassets with a total market capitalization of $67,112,575,057 at the moment. The coin took quite a hit, going from a high of more than 1,00,000 INR in January, to a low of 18,000 INR in early April. Since then, it has rebounded handsomely to stay about the INR 50,000 mark. That’s an increase of more than 154%!
Ripple is considered by its fans to be Bitcoin’s logical successor. Launched in 2012 in California, Ripple is not only a asset but also a system which can be used trading or transfer of any asset. Today, the total market capitalization for Ripple is around $33 billion! It’s continued its gains with a 100% rise from a low of INR 27 to its current INR 55+ rate, much like Bitcoin.
EOS boasts of a fairly loyal following in the cryptoasset market. After having fallen to a low in the lower Rs 300s in February this year, EOS has risen in dramatic fashion, peaking at Rs 1395 in some markets. That’s a 4x increase in just a little over months! Its market capitlisation now stands at $15 billion, putting it at #5 on the list of coins by marketcap.
Denoted by LTE, Litecoin is a cheaper and readily available option for many as compared to other cryptoassets. Launched in 2011, Litecoin focuses on merchants that need a large number of small transactions rather than huge amount transactions. Today, Litecoin has a market capitalization of around $8 billion. It’s gained slower than the other cryptoassets, going from about INR 7200 to INR 9800 — about 35%!
With Tron’s mainnet launch nearing its launch date, the coin has unexpectedly been seeing huge buys and recovery in its price after the recent dip the crypto market experienced. With its market capitalisation back at $5.8 billion, the coin has quadrupled in value in just a little more than 2 months. That’s a more than 300% increase in value!
Cardano is not to be left behind. Sitting in at the 6th position on the list of top coins, Cardano had taken quite a beating in the bear market, having lost 90% of its value in just 2 months between January to March. This naturally made it a very attractive option to investors, who have been buying back in droves, driving the price back up to triple its value, from $0.13 to $0.38. In other words, Cardano has risen 200%!
Though these cryptoassets top the list, there are many others like Bitcoin Cash who have a large market capital which is expected to grow even more! Don’t wait and go for the trading of cryptoassets today and if you are worried about a reliable exchange, get started on Unocoin — where you can trade in all the top cryptoassets.