Now that another weekend, it is time for the analysis of the top five cryptocurrencies that have the highest market capitalization in the entire crypto-verse. Almost every day there is a new cryptocurrency-making name and earning the spotlight for being the highest rallying asset for the particular day.
Even then, such rallies and upward trends do not help the cryptocurrencies from making it into the list of top 10 cryptocurrencies by market capitalization.
Since last week, many fluctuations and market upsets have taken place, where the most shocking situation faced was by Bitcoin (BTC) and XRP. Out of the top five cryptocurrency assets, these two have ended up losing their price and value in the cryptocurrency markets.
The first asset is Bitcoin (BTC) that has been facing many problems being adopted by the major market investors. After facing constant pressure and a downfall in terms of price, Bitcoin (BTC) is still trying to maintain its ground and then regain its lost worth.
In the middle of April, Bitcoin (BTC) had reportedly hit its all-time high of $64k per token. However, the bullish run of Bitcoin (BTC) finally came to an end when it ended up plunging all the way down to $50k per BTC.
Even now, BTC is trying to maintain its ground and retrieve its lost momentum. At the time of writing, the price of BTC would be $50,131. On the other hand, the market capitalization of Bitcoin (BTC) is sitting at $946.343 billion.
In the list of top five cryptocurrencies, Ethereum comes at the second spot as it currently has a market capitalization of $268 billion and its unique price is hovering around $2,242 per ETH.
Then the next cryptocurrency is called Binance Coin (BNB), which currently has a market capitalization of $79 billion. It is one of the fastest-growing cryptocurrencies and currently has millions of followers trying to benefit from it. At the time of writing, the market price of Binance Coin (BNB) is $514.58.
Then on number four is XRP, which is currently the most controversial and desired cryptocurrencies by the kids. The platform has a market capitalization of $51 billion and the firm hopes to increase it soon as it is close to winning the case.
The last cryptocurrency on the list is Tether (USDT), which currently has a market capitalization of $49 billion. At the time of writing, the price of one USDT in the cryptocurrency market is around $0.9999.
Now, the entire cryptocurrency industry is facing a downfall as BTC prices have experienced a significant drop. However, the analysts suggest that this will not be a drama but a reality as the price of cryptocurrencies will rise again in the coming months and the asset will hit all-time highs.