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Only 9 crypto projects maintain $1 Billion in market cap during recent crash

04 Dec, 2018
by Joeri Cant
Price Action
Only 9 crypto projects maintain $1 Billion in market cap during recent crash

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.

Related: 9 Ethereum price predictions for 2019 by crypto experts

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.

Read more: 'Bitcoin very close to finding its bottom', says crypto analyst, Bitcoin price will hit new all-time highs in 2019

Total market cap as of writing time is $128,374,039,526 according to Coinmarketcap.

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