Market Capitalization of cryptocurrencies acts as a successful parameter to rank them. Since the beginning of the crypto markets, the top rankings have witnessed massive changes. According to a new estimation by Messari, the top list will see newer cryptos in the future.
In 2017, the ICO rush and introduction of new platforms transformed the rankings altogether. Even post that, there have been massive shifts in the rankings. The market capitalization of the top 15 coins is more than 90% of the total crypto Mcap. Therefore, they have had a considerable effect on the market.
Privately Funded Tokens
Moving on, the market witnesses the launch of two other prominent privately funded crypto launches with Algorand and Hedera Hashgraph. The price of Algorand and Hedera’ Hbar at press time is $0.32 and 0.048 respectively.
Three similarly planned projects in Polkadot, TON (Telegram Open Network) and Filecoin are expected to go live later in Q4 2019. Hence, it will induce five privately funded projects in the market.
According to Messari’s estimation of future Mcap in 10 years and in 2050, at current prices, these new projects will successfully infiltrate the top rankings. The estimates for TON’s Gram Tokens, Polkadot [DOT], and Filecoin [FIL] were based on market research which prices them at $1.4, $105 and $3.25.
At these prices, Gram tokens sit at 5th largest crypto by market cap followed by FIL at 8th. Hedera, Polkadot, and Algorand also expect to grow massively in the future with their supply schedule at current prices.
Tether’s market capitalization is also huge. Moreover, many other stablecoins are expected to be released in the future as well. These might also attain considerable market value quickly.
Furthermore, several other projects are in the pipeline and scheduled for launch as well. The research cites recent plans by Coinbase to introduce a new wave of tokens. With the days of ICOs behind us, the developing markets provide a lot of opportunities for the success of these projects.
Do you think that these projects will be able to add significant value to space or be a threat to decentralization? Please share your views with us.
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Nivesh from Engineering Background is a full-time Crypto Analyst at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com