TOP 50 one year after the peak

TOP 50 cryptocurrencies
TOP 50 CRYPTOS
24.01.2019
ONE YEAR AFTER THE TOTAL MARKET CAP PEAKED
CHRISTIAN OTT
AUTHOR
Introduction
It was on January 8, 2018 when the overall crypto market cap reached its peak of 828.5 billion USD. It was the peak of a phase of seemingly never-ending euphoria, and cryptocurrencies were said to be the new financial paradigm. From that point on, the cryptocurrency market moved into a totally different direction, with many coins/tokens losing over 90% of their fiat value in less than a year. In this article, I will take a look the TOP 50 cryptocurrencies at the peak and how they are positioned on the exact same day one year later.

TOP 50
A comparison between different years for cryptocurrencies can be done with different parameters. You can base the calculation on the price, but that doesn’t consider (logical) price declines due to increases in circulating supply. The market cap of a cryptocurrency should therefore be better suited for a comparison, since it both includes price and circulating supply. The market cap itself is often referred to in USD, but due to most altcoins’ fiat value depending on Bitcoin’s fiat value, comparing the market cap in BTC should give better insights on how a coin performed over time, than it’s fiat value. Accordingly, in the following you can find the market cap of the TOP 50 cryptocurrencies on January 8, 2018 compared to their market cap in BTC on January 8, 2019.
55,547 BTC5,438 BTCCHANGEIN MARKET CAP:-90.21%DENT55,912 BTC42,676 BTCCHANGEIN MARKET CAP:-23.67%BAT56,368 BTC8,628 BTCCHANGEIN MARKET CAP:-84.69%VERITASEUM56,440 BTC10,157 BTCCHANGEIN MARKET CAP:-82.00%HYPERCASH59,495 BTC8,566 BTCCHANGEIN MARKET CAP:-85.60%LOOPRING59,856 BTC17,278 BTCCHANGEIN MARKET CAP:-71.13%GOLEM61,003 BTC44,696 BTCCHANGEIN MARKET CAP:-26.73%0X66,343 BTC21,471 BTCCHANGEIN MARKET CAP:-67.64%KOMODO66,628 BTC7,295 BTCCHANGEIN MARKET CAP:-89.05%DRAGONCHAIN71,151 BTC27,422 BTCCHANGEIN MARKET CAP:-61.46%AUGUR73,895 BTC32,378 BTCCHANGEIN MARKET CAP:-56.18%DIGIBYTE77,304 BTC60,288 BTCCHANGEIN MARKET CAP:-22.01%VECHAIN89,843 BTC71,633 BTCCHANGEIN MARKET CAP:-20.27%WAVES97,677 BTC476,703 BTCCHANGEIN MARKET CAP:388.04%TETHER97,724 BTC23,416 BTCCHANGEIN MARKET CAP:-76.04%STEEM103,387 BTC15,208 BTCCHANGEIN MARKET CAP:-85.29%ARDOR106,864 BTC16,704 BTCCHANGEIN MARKET CAP:-84.37%STATUS107,019 BTC13,333 BTCCHANGEIN MARKET CAP:-87.54%KUCOIN SHARES111,762 BTC66,482 BTCCHANGEIN MARKET CAP:-40.51%DOGECOIN118,345 BTC14,999 BTCCHANGEIN MARKET CAP:-87.33%DENTACOIN119,188 BTC215,467 BTCCHANGEIN MARKET CAP:80.78%BINANCE COIN131,332 BTC28,851 BTCCHANGEIN MARKET CAP:-78.03%BITSHARES138,226 BTC85,014 BTCCHANGEIN MARKET CAP:-38.50%ZCASH141,490 BTC28,265 BTCCHANGEIN MARKET CAP:-80.02%STRATIS141,965 BTC20,101 BTCCHANGEIN MARKET CAP:-85.84%POPULOUS147,362 BTC– BTCCHANGEIN MARKET CAP:-100%BITCONNECT158,952 BTC33,373 BTCCHANGEIN MARKET CAP:-79.00%BYTECOIN160,691 BTC52,145 BTCCHANGEIN MARKET CAP:-67.55%OMISEGO162,715 BTC27,168 BTCCHANGEIN MARKET CAP:-83.30%SIACOIN170,695 BTC27,002 BTCCHANGEIN MARKET CAP:-84.18%VERGE223,049 BTC132,872 BTCCHANGEIN MARKET CAP:-40.43%ETH CLASSIC226,616 BTC32,952 BTCCHANGEIN MARKET CAP:-85.46%NANO240,997 BTC39,274 BTCCHANGEIN MARKET CAP:-83.70%LISK259,842 BTC32,313 BTCCHANGEIN MARKET CAP:-87.56%ICON264,548 BTC58,379 BTCCHANGEIN MARKET CAP:-77.93%BITCOIN GOLD272,316 BTC50,410 BTCCHANGEIN MARKET CAP:-81.49%QTUM377,537 BTC628,973 BTCCHANGEIN MARKET CAP:66.60%EOS415,997 BTC220,192 BTCCHANGEIN MARKET CAP:-47.07%MONERO438,659 BTC147,965 BTCCHANGEIN MARKET CAP:-66.27%NEO559,764 BTC173,401 BTCCHANGEIN MARKET CAP:-69.02%DASH658,750 BTC435,423 BTCCHANGEIN MARKET CAP:-33.90%TRON704,654 BTC250,374 BTCCHANGEIN MARKET CAP:-64.47%IOTA741,741 BTC585,328 BTCCHANGEIN MARKET CAP:-21.09%STELLAR921,778 BTC587,008 BTCCHANGEIN MARKET CAP:-36.32%LITECOIN980,967 BTC143,603 BTCCHANGEIN MARKET CAP:-85.36%NEM1,536,478 BTC312,122 BTCCHANGEIN MARKET CAP:-79.69%CARDANO2,697,743 BTC705,189 BTCCHANGEIN MARKET CAP:-73.86%BITCOIN CASH6,272,316 BTC3,697,160 BTCCHANGEIN MARKET CAP:-41.06%XRP7,333,157 BTC3,889,475 BTCCHANGEIN MARKET CAP:-46.96%ETHEREUM16,790,616 BTC17,470,941 BTCCHANGEIN MARKET CAP:4.05%BITCOINCHANGE OF MARKET CAP IN BTCFROM 2018-01-08 TO 2019-01-08:1 YEAR LATERCOINMARKETCAP TOP 50
Insights
As we can see, there are only four coins in last year’s TOP 50, whose market cap was worth more in BTC, than it was one year later. EOS’ market cap gained 66.6% in Bitcoin, Binance’s market cap gained 80.8% and stablecoin Tether’s market cap gained 388% in Bitcoin value. Bitcoin’s market cap was also worth more (in terms of BTC) than it was one year ago, due to an increase in circulating supply. The market cap of all other 46 coins/tokens lost value against BTC, some less (Stellar lost only 21%), some more (DENT lost 90%). 36 coins remained in the TOP 50, while five coins even moved out of the TOP 100. One coin died completely, which is the infamous Bitconnect. On average, the market cap of coins/tokens in the TOP 50 lost 50.4% in Bitcoin value.

Price in fiat value
The peak of the overall crypto market cap also meant a peak for most coin’s prices. With BNB, EOS and USDT, only three coins would have gained value against BTC, if you had invested in them at the peak of the market. But even they couldn’t gain value against USD. Besides stablecoin Tether, the best investment from a perspective of keeping your fiat value would have been Binance coin – it’s price in USD went down “only” 63.4%. If you would have invested an equal amount in each TOP 50 coin at the peak, you would have lost 88.9% of your fiat value compared to exactly one year later.

Wrap-up
The cryptocurrency market peaked at January 8, 2018. A comparison between the valuation of coins/tokens on this day and one year later is best done by comparing their market cap in Bitcoin value. At the peak, only an investment in Binance Coin, EOS and USDT would have gained value against BTC, while the average market cap of TOP 50 cryptocurrencies lost 50.4% of its value in Bitcoin. Talking about the TOP 50’s price valuations in USD is even more devastating: Binance coin lost the least with only 63.4% of its USD value, while the TOP 50 cryptocurrencies on average lost 88.9% of their USD value.


Let’s hope for a better 2019.