Hello fellow steemians,
I'm starting this channel to discuss, explore, and promote new ideas in the crypto space as well as post meaningful content regarding news, prices, and technological developments. If you like what you see in this article and want me to continue publishing content please up vote and follow me. I'm going to breakdown the trends in the top 10 cryptocurrencies since 2013 and discuss how the cryptocurrency space may evolve in the future.
Let's start with 2013
------->Of the top 10 currencies on the list, only litecoin and bitcoin have remained.
------->The entire market cap was just over a billion dollars
Current Ranking of 10 ten cryptocurrencies to date:
Bitcoin #1
Litecoin #4
Namecoin #70
Peercoin #57
Novacoin #122
Feather coin #150
Terracoin #200
Devcoin #564
Freicoin #476
Digitalcoin #218
Biggest gainers:
$100 dollars of BTC on July 14th, 2013 = $2365 on July 14th, 2017
$100 dollars of LTC on July 14th, 2013 = $1498 on July 14th, 2017
$100 dollars of peercoin on July 14th, 2013 = $1205 on July 14th, 2017
$100 dollars of namecoin on July 14th, 2013 = $352.9 on July 14th, 2017
Average Return on Investment- %1355
Onto 2014:
At first glance, we see ripple and dash almost where they stand today. We can also start to see the emergence of Monero in 18th place.
The entire market cap was about 8.4 billion dollars, 7.63 times higher than in 2013.
Current cryptocurrency rankings to date:
Bitcoin #1
Litecoin #4
Nxt #44
Ripple #3
Peercoin #57
Dash #6
Dogecoin #26
Namecoin #70
Maidsafecoin #33
BlackCoin #102
If you had invested $100 in the top 5 performing currencies in this list on July 13th, 2017
$100 XRP = $4387
$100 Dash = $2496
$100 Maid = $833.69
$100 Doge = $626.9
$100 LTC = $480.56
$100 BTC = $361.5
$100 Blackcoin= $181.81
$100 NXT = $171.43
$100 Peercoin = $120.5
$100 Namecoin = $101.05
Average Increase = %976
Now 2015:
Bitcoin has retained #1 while gaining an enormous amount of market share. We see litecoin dethroned by ripple for second place. Blackcoin, Namecoin, Maidsafecoin, have left the top ten. Maidsafe is still very competitive as its market share is just behind newcomer banxshares. Total market cap is now about 5 billion dollars.
Cryptocurrency rankings to date:
Bitcoin #1
Ripple #3
Litecoin #4
Dash #6
Doge #26
Bitshares #12
Stellar #30
Peercoin #57
Nxt #44
Banx No ranking currently
As we can see happening in the patterns in the stabilization and consolidation of the market at this point in time as the top currencies are doing a better job of retaining their market share. Many of the top ones listed here are obviously still dominant today and we don't see as big of a drop as in 2013.
If you had invested $100 dollars into the top ten coins on July 12th, 2015:
$100 Dash = $4018
$100 XRP = $2131
$100 BTS = $1931
$100 LTC = $852.5
$100 Doge = $822.7
$100 BTC = $749
$100 Stellar = $485
$100 NXT = $517.6
$100 Peercoin = $261
Average Return on Investment: %1307
Next 2016:
The infamous Dao has entered the top ten. Ethereum cements itself as #2 in the market. Steam climbs to #3, and Xem and lisk finally enter the picture. Interesting to note that monero is still creeping on the edges of top 10 at this point. Total market cap is 12.7 billion.
Cryptocurrency Rankings To Date:
Bitcoin #1
Ethereum#2
Steem #19
Ripple #3
Litecoin #4
The Dao- Hacked to Hell
Xem #7
Dash#6
MaidsafeCoin #33
Lisk #28
If you had invested 100 dollars in 2016:
$100 XRP = $3065
$100 Dash = $1922
$100 Ethereum =$1682
$100 Xem = $1451
$100 LTC = $1014
$100 Doge = $822.7
$100 Lisk = $471
$100 Maid = $350.8
$100 BTC = $338.6
$100 Steem = -$71.13 (likely due to the nature of the coin)
Average Return on Investment- %1227.33
Where we are today:
2017 has been the breakout year for cryptocurrencies and we will continue this growth headed into the future. At this time in 2013, the market cap of all currencies stood at 1 billion dollars compared to the 78 billion currently and this years high of about 115 billion. I hope after taking a look at the top ten coins list from the previous years has shed light on the volatility of this market as well as the strength of several coins that occupy this list now. This space has seen enormous growth and I'm excited for what is to come.
While we have seen a pullback in market evaluation lately, I believe longer term we will continue to see ROI's similar to past years. Bitcoin is hardly a household name and we haven't even seen the mainstream truly embrace the space considering only about 250,000 bitcoin owners are estimated currently meaning if you own bitcoin you are in the .0034th percentile. In my opinion selling right now would be crazy considering we aren't even near 1% adoption. You haven't taken a loss until you have sold and while the cryptocurrency space has taken crazy swings both up and down, if you had invested in any of the top 10 coins each year from today's date all the way back to 2013 you would have made profit on all coins except steam ironically. Some coins have seen gains as much as %4000 and this is just the beginning. I will put out more in depth reviews and analysis in the future but I just wanted to give you something to think about going into August 1st.
While this channel is just getting started I'll donate $2 worth of litecoin to the first person who subscribes, upvotes, and comments with their prediction of the top 5 cryptocurrencies on August 5th.