Markets and Prices
Looking at a snapshot of the top cryptocurrency markets by market capitalization from the 25th of September 2016 shows that whilst the three largest markets remain the same, only two other cryptocurrencies still retain their top ten ranking today.
Top 3 Markets by Capitalization Retain Rankings
In two years, the price of BTC has gained roughly 980%, rising from $602.89 USD on the 25th of September, 2016, to approximately $6,500 as of this writing. BTC has held an uninterrupted reign as the largest cryptocurrency by market capitalization, growing from approximately $9.5 billion during September 2016 to $112.9 billion today.
The second largest cryptocurrency by market capitalization, Ethereum, has gained approximately 1,550% since trading for roughly $13 two years ago, with ETH at $215 as of this writing. The market capitalization of Ethereum has grown from $1.1 billion 24 months ago to $22.3 billion.
XRP has seen among the highest price gains of the leading crypto markets since September 2016, gaining 6,880% from $0.007391 to $0.515865 today. XRP’s market cap has grown from $262 million to $20.5 billion.
LTC and XMR Fall from Top 5
On September 25th, 2016, Litecoin was the fourth largest cryptocurrency with a market cap of $181.14 million. Today, LTC is the seventh largest cryptocurrency with a capitalization of $3.4 billion and is trading for $58 – a roughly 1,425% gain over 2016’s price of $3.80.
In the last two years,