Ever since the begging of the start of this bull market and Bitcoin breaking its all time high there has been some interesting movements in the top 10 coins.
The top 2, Bitcoin and Ethereum remained unchallenged but from the 3rd to position and down there has been a lot of dynamics and changing positions.
Let’s take a look how things evolved trough a Bar Chart Race Animation for the top 10 coins by market cap.
The period that we will be looking here is Nov 19, 2020 to Jan 19, 2021. I have made this type of animation for a long term period 2015 – 2020 Top Cryptos Marketcap Bar Chart Race Animation.
Don’t pay too much attention to the top 2, but look how are the ones bellow changing in position.
At first Tether was 3rd, but then XRP claimed its long time 3rd position.
Then towards the end of 2020, as the news for Ripple troubles and its security status spread around, Ripple lost its 3rd position and went to 5th.
Litecoin became a no 4 crypto for a short period of time. Then a lot of dynamics in the 5 to 10 position and Polkadot emerged as the number 4 crypto by marketcap at this moment.
Tether remains third and Ripple fifth. Cardano is closing on Ripple now as well standing on the 6th position and trying to get to the no 5.
At the moment of writing this the coins from the 3rd to 10th position are in the range from 24B to 7B. From 5 to 10 are in the range from 14B to 7B. Having in mind the volatility of the crypto assets it looks like we can see further movements in positions in the 3 to 10 range. The top 2 remains firmly at the top, for now 😊.
All the best