The entire cryptocurrency market has crashed so much that now we only have 9 crypto projects with a market cap of more than $1 Billion, with Cardano, the 10th largest crypto, and having a market cap of $985 Million, just not making the cut.
The number one cryptocurrency still has the highest market cap by a huge margin at $69 Billion, while maintaining its market dominance over 53%. BTC is currently trading at $3,967, up 2.10% according to coinmarketcap.com.
Cardano is trading at $0.038, down -0.07%, staying relatively stable since yesterday. With a market cap of $985 million it just dropped under the $1 Billion, making it the 10th largest coin that doesn't belong to the $1 Billion club any longer.
XRP the second biggest crypto, which had a peak of more than $100 Billion almost a year ago, is trading at $0.35, up 1.38% in the past 24 hours, and is having a current market cap of $14 Billion. A 10x increase during the next few months wouldn't be considered as wishful thinking.
Ethereum, which had to give up the silver to XRP has a market cap of $11.5 Billion and is trading at $111 per coin. At this price point Ethereum could be the perfect Christmas gift.
Currently, the top 100 is seeing more green than red market indicators, with FreeCoin showing impressive gains of almost %250, closely followed by Binance Coin with gains of almost 25%.
Centrality, is the coin that takes the title 'Biggest loser of the day', and is trading at $0.048, down more than -10%, with a market cap of less than $40 Million.
As a whole, the entire market cap of cryptos have taken a severe beating, however, according to many crypto experts, the bottom could be close and we might see all-time highs sooner than we think.
Total market cap as of writing time is $128,374,039,526 according to Coinmarketcap.