The market caps of top digital currencies often come up in cryptocurrency news. And with good reason. Short for market capitalisation, it helps people determine a crypto’s market value. The market cap also helps people establish if a digital currency is safe to buy and identify its growth potential.
Investors can buy crypto coins without checking out their market cap, but experts do not recommend it. After all, some of the data that it can provide can be the key to preventing drastic losses.
Top Cryptocurrency Prices by Market Cap
Investors who are looking to guarantee their ventures’ success can go the extra mile. They can research the market cap of top cryptos, not just the one that they are investing in. So they will get a better picture of their playing field, which will help them make better decisions in the long run.
For comparison, here are the market caps of the most popular digital currencies as of this writing:
|Cryptocurrency||Circulating Supply||Market Cap|
|Bitcoin (BTC)||18,781,825 BTC||$851,938,229,561|
|Ethereum (ETH)||117,046,505 ETH||$364,821,956,698|
|Tether (USDT)||62,556,234,131 USDT||$62,575,979,743|
|Binance Coin (BNB)||168,137,036 BNB||$59,545,590,546|
|Cardano (ADA)||32,096,734,244 ADA||$49,859,555,241|
|Dogecoin (DOGE)||130,799,611,236 DOGE||$32,911,750,095|
|USD Coin (USDC)||27,926,744,488 USDC||$27,924,403,738|
|Polkadot (DOT)||982,675,174 DOT||$20,056,981,704|
|Uniswap (UNI)||587,407,504 UNI||$17,159,120,644|
Why Investors Should Also Compare Crypto and Fiat Currencies
In 2018, an expert predicted that digital currencies will replace 25% of fiat assets by 2030. And there are signs that the forecast can come true.
For instance, many companies have started adding crypto to their operations. Crypto market news shows that most now accept cryptocurrency payments. Meanwhile, others use blockchain to enhance their business.
Additionally, Bitcoin is more than just a payment option in some countries. In 2020, it powered a protest in Nigeria. The government kept protestors from accessing local payment platforms to collect donations. The activists overcame this obstacle by accepting Bitcoin contributions.
The uncertainty around the Nigerian naira made Bitcoin even more appealing to the people. As a result, the crypto became one of the top currencies in Nigeria despite crackdowns.
This monumental event shows the close connection between crypto and fiat currency. So it would be an oversight to completely disregard one for the other.
Bitcoin vs. the Biggest Traditional Currencies Worldwide
As of this writing, Bitcoin’s market cap is $851,938,229,561. Here are the market caps of the largest fiat currencies around the world based on blockchain market news:
|Currency||Price||Circulating Supply||Market Cap|
|Chinese Yuan (CNY)||337 sats||231,780,000,000,000 CNY||782,422,709 BTC|
|United States Dollar (USD)||2,188 sats||20,709,367,701,000 USD||453,177,376 BTC|
|Euro (EUR)||2,566 sats||13,972,924,000,000 EUR||358,549,503 BTC|
|Japanese Yen (JPY)||19 sats||1,512,568,000,000,000 JPY||299,525,785 BTC|
|Pounding Sterling (GBP)||3,033 sats||3,373,025,000,000 GBP||102,304,240 BTC|
|Southern Korean Won (KRW)||1 sats||4,667,130,000,000,000 KRW||88,724,183 BTC|
|Indian Rupee (INR)||29 sats||193,119,000,000,000 INR||56,765,952 BTC|
|Canadian Dollar (CAD)||1,740 sats||2,989,239,000,000 CAD||52,023,423 BTC|
|Hong Kong Dollar (HKD)||281 sats||16,270,817,000,000 HKD||45,746,821 BTC|
|New Taiwan Dollar (TWD)||78 sats||51,857,579,000,000 TWD||40,763,149 BTC|
Unlike crypto market caps, fiat currency market caps seldom go through massive changes in a few hours. But that does not mean that investors can afford to check them only when they want. At least, if they do not want their ventures derailed by sudden developments.
Stay on Top of Crypto Market Cap News With Key Coin Assets
Comparing crypto and fiat currency market caps can take a while. And that does not include determining how exactly they can affect your ventures. But do not worry. You can leave the task to our experts here at Key Coin Assets.
We will give you in-depth reports regularly about all the market caps relevant to your ventures. So you can make informed decisions immediately. We will also cover the latest cryptocurrency news and how they can affect your investments. Contact us NOW at 843-886-9547 to start investing in yourself!