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June 8, 2021

Cryptocurrencies

Cryptocurrencies’ market capitalization varies based on the price of the underlying trends.

There are hundreds of cryptocurrencies out there, with new ones mushrooming every day and old ones disappearing seemingly just as fast as they appeared. It is reasonable for crypto investors to get overwhelmed by digital currencies as many fairytales and nightmares emerge from the market. Following the inception of Bitcoin, synonymous with cryptocurrencies, the digital coin sphere gained much traction. In a span of few months, digital currencies skyrocketed in value, interest, and numbers, only to see their values plummet once again, before leaving off. Fortunately, crypto investors are aware of this unstable and volatile situation. However, one thing that can’t drastically fall is their market capitalizationCryptocurrencies’ market capitalization varies from time to time based on the price of the underlying trends. It is also an important concept crypto investors take into account before investing in a cryptocurrency. They represent the number of cryptocurrency assets bought by people from across the globe. Analytics Insight has listed the top 10 cryptocurrencies with the highest market capitalization today.

Top 10 cryptocurrencies with the highest market capitalization

Bitcoin

Market Capitalization: US$615.61 billion

Bitcoin, the household name that became the synonym of cryptocurrency, was created with a motive to decentralize distribution, trade, and storing. The bitcoin market is highly volatile with sudden surges and plummets. In 2017, the digital
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