Crypto market capitalization in 2016
Crypto market capitalization in 2016
Crypto

Crypto market capitalization in 2016

By Alfredo de Candia - 30 May 2020

Chevron down

The research continues, this time analyzing the crypto market capitalization in 2016

Taking data from CoinMetrics as a reference, here is how the crypto market looked in 2016 in terms of capitalization:

market cap 2016

The beginning of the year was fairly stable, although towards the end of January there was an increase for some cryptocurrencies such as VTC, Doge and Ethereum (ETH). 

As noted also for 2015, halfway through the year there was an increase for almost all cryptocurrencies with ETH in second place overtaking Ripple (XRP). 

In the meantime, the fight between LTC and XLM continued for the fourth place, while XEM was the crypto that in that period increased dramatically, reaching the fifth position for capitalization. 

A separate mention should be made for Ethereum who in July saw its first fork following The DAO hack

In the fall of 2016, there’s the remarkable increase of the Monero (XMR) crypto which arrives in sixth position for market capitalization, while in November Zcash (ZEC) appears, with its feature to choose whether to make transactions private or not. The following month Waves (WAVE) emerges. 

At this point, at the end of 2016, the ranking changes with these new cryptocurrencies:’

  1. Bitcoin, which doubles its capitalization from the previous year to $15.5 billion;
  2. Ethereum with $710 million, a 10x increase from the previous year;
  3. Ripple (XRP) with $652 million;
  4. Stellar (XLM) with $252 million;
  5. Litecoin (LTC) with $213 million;
  6. Monero (XMR) with $189 million, an increase of 4625% from the previous year;
  7. Ethereum Classic (ETC) with $124 million;
  8. Dash with $79 million;
  9. NEM (XEM) with $33 million;
  10. Dogecoin (DOGE) with $24 million: a figure that doubled compared to the previous year.

 

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.