MARKET CAPITALIZATION & HOW CRYPTOCURRENCIES RANK ACCORDING TO IT💱

in SteemAlive3 years ago

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Hey there, I'm Rezzy and I'm pleased to Welcome you to my post which is based on the Topic; Market Cap of Cryptocurrencies and How the Top Coins Rank according to It.
This will post will be of little help to those who are still new to The Crypto world and I look forward to seeing your comments.

MARKET CAPITALIZATION

If you're just hearing of Market capitalization, you would wonder, what does it mean?? Well...
Market capitalization is simply defined as the product of the Price of an Asset or Commodity by the total Number of the Asset available and in circulation. By "Product" I mean Multiplication, that is, Market Cap= Price of Asset × Total Number of Asset in Circulation.The Market capitalization of a Cryptocurrency is therefore seen as the overall value of it.

"Market Capitalization is one way to rank the relative size of a cryptocurrency. It's calculated by multiplying the Price by the Circulating Supply. Market Cap = Price X Circulating Supply."- Source

According to Wikipedia, "Market capitalization is equal to the share price multiplied by the number of shares outstanding. Market cap only reflects the equity value of a company. A firm's choice of capital structure has a significant impact on how the total value of a company is allocated between equity and debt. Market capitalization is also used by the investment community in ranking the size of companies, as opposed to sales or total asset figures. It is also used in ranking the relative size of stock exchanges."-Source

"In general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. For this reason, market cap is often regarded as the single most important indicator for ranking cryptocurrencies."-Source

CRYPTOCURRENCIES RANKED ACCORDING TO THEIR MARKET CAPS.

The CryptoCurrencies ranked will be broken down into:

  • Creator(s) and Date created
  • About
  • Current Marrket cap
  • Current Price
  • NOTE: I will be skipping fiat currencies such as USDT and BUSD as I would want my post to be broader.

10. TERRA (LUNA)

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  • Creator(s) and Date created: Daniel Shin, Do Kwon / 26th July, 2019
  • About:

"Terra describes itself as a price-stable cryptocurrency aimed at mass adoption. As its scale grows, the team aims to have Terra evolve into a new financial infrastructure for the next generation of decentralized apps."-Source)

  • Current Marrket cap*: $14.74B
  • Current Price: $36

9. UNISWAP (UNI)

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  • Creator(s) and Date created: Hayden Adams / 2nd November, 2018
  • About: Written in Solidity, UNISWAP runs on the Ethereum platform
  • Current Marrket cap: $16.43B
  • Current Price: $25

8. DOGECOIN (DOGE)

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  • Creator(s) and Date created: Billy Markus(Shibetoshi Nakamoto), Jackson Palmer / December 6th, 2013
  • Current Marrket cap: $32B
  • Current Price: $0.2440

7. POLKADOT (DOT)

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  • Creator(s) and Date created: Gavin Wood / 2019
  • About: Website
  • Current Marrket cap: $35.23B
  • Current Price: $35

6. SOLANA (SOL)

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  • Creator(s) and Date created: Anatoly Yakovenko, Alevtina Yakovenko / April 2019
  • About: "

Solana is a public blockchain platform. It is open-source and decentralized, with consensus achieved using proof of stake and proof of history. It can facilitate peer-to-peer transactions with its internal cryptocurrency, SOL, and claims to support 50,000 transactions per second"-Source

  • Current Marrket cap: $46B
  • Current Price: $158

5.. RIPPLE (XRP)

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  • Creator(s)/Developer(s) and Date created: Arthur Britto, David Schwartz, Ryan Fugger & Ripple Labs Inc / 2012_ Stable Release: 15th, May 2018
  • About:

"Ripple purports to enable "secure, instantly and nearly free global financial transactions of any size with no chargebacks." - Source

  • Current Marrket cap: $51.94B
  • Programming language: C++
  • Current Price: $1.10

4. BINANCE COIN (BNB)

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  • Creator(s) and Date created: Changpeng Zhao(CZ) / 2017
  • About:

"Binance Coin is the cryptocurrency issued by Binance exchange and trades with the BNB symbol."- Source

  • Current Marrket cap: $71.76B
  • Current Price: $417

3. CARDANO (ADA)

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  • Creator(s)/Developer(s) and Date created: IOHK / 2017
  • Current Marrket cap*: $80.869B
  • Current Price: $2.4
  • Programming language: Haskell

2. ETHEREUM (ETH)

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  • Creator(s/Developer(s): Vitalik Buterin, Bitso, Ethereum Switzerland
  • Date Created: July 30th 2015
  • Current Marrket cap: $424.35B
  • Current Price: $3.5k

1. BITCOIN (BTC)

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  • Creator(s) and Date created: Satoshi Nakamoto / 3rd January 2009
  • Current Marrket cap: $901.69B
  • Current Price: $48.6k

I Hope I've made this clear enough to understand and I from here say goodbye and Have a Good day Ahead

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