Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Altcoins with $1 Billion Market Cap Now a Rarity

Published 10/21/2019, 04:41 AM
Updated 10/21/2019, 06:01 AM
Altcoins with $1 Billion Market Cap Now a Rarity

In 2019, altcoins went through another mass purge. Only a handful of assets now pass the $1 billion market cap barrier, which was much easier during boom times. Multiple altcoins managed to pass that tier, well into the top 50 of coins and tokens. Even the KIN token, now having a market cap of just $7 million, reached a valuation within a shouting distance of $1 billion.

Now, the list extends to the top 13 coins, with Cardano (ADA) just above the threshold, with a $1.04 billion valuation.

The biggest curiosity within the top 10 is Tether (USDT), which has now “flippened” Bitcoin Cash (BCH) to climb to position four. The reason for this was a series of new USDT minting eve...

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.