Cryptocurrency by market cap

In terms of Bitcoin, a currency that has the most well-known and transparent ledger, the realized market capitalization approach roughly puts the total market cap at about 1/3 of the traditional approach (using the Bitcoin’s current price). For an average cryptocurrency, the gap between the two calculating methods tends to be larger, lowering the total market cap of the space even further. Explore more offers. The third largest coin at the time of writing is quite different from Ether and BTC because it is a centralized cryptocurrency. Tether is the largest stablecoin that attempts to tie its price to the US Dollar. Tether is commonly abbreviated USD₮ or USDT. This stablecoin is owned by iFinex, which owns the Bitfinex exchange.

One reason why LINK may be surging is due to renewed interest in tokenizing RWAs (real-world assets), according to some market watchers. Chainlink is one of the global leaders in tokenization, and with the growing interest in cryptocurrency and blockchain, LINK may be reaping the most benefit. In terms of representing real-world assets as tokens, Chainlink is one of the best choices. Crypto Market Cap CoinDCX Research Team told ABP Live, “In the past 24 hours, the crypto market initially remained stable but later saw a decline, impacted by the fall in the US market and Coinbase shares. The overall market has been relatively quiet recently as BTC consolidates around the $43,000 level. However, on a higher time frame, BTC exhibits a bullish trend with confirmations from EMAs. ETH is following a similar price action to BTC, and both cryptocurrencies need to break out of their current consolidations to signal a significant move in either direction.”