There have been many price changes and reshuffles in cryptocurrency ranking in the past six years since 2015. At the time, the crypto market was still in its nascent stage and filled with many coins that had low market value and capitalization. However, as the industry gradually gained traction from institutional and retail investors, the market grew significantly.
Some of the top-20 cryptocurrencies by market cap in 2015 dropped out of the list along the line. Today, only a few cryptocurrencies in 2015, including Bitcoin (BTC), Ripple (XRP), and Litecoin (LTC) (and a few others), still feature in the top-20 list, according to data from CoinMarketCap.
Analyzing The Top 20 Cryptos in 2015
As of July 26, 2015, Bitcoin was leading by market capitalization. Its price was around $292 per coin, with a circulating supply of 14.43 million BTC. It was ranked the largest crypto due to its market valuation of over $4.2 billion. The second and third-largest coins at the time were Ripple and Litecoin, which had a market cap of over $258 million and $191 million, respectively.
The top-ranking coins include:
Dash ($21.2M), Dogecoin ($18.7M), MaidSafeCoin ($15.2M), Stellar ($14.5M), BitShares ($13.8M), Banx ($13.6M), NXT ($12.8M), Peercoin ($12.3M), Bytecoin ($10.3M), Namecoin ($7.7M), Monero ($5M), Counterparty ($4.3M), MonaCoin ($3.1M), Ethercoin ($3M), YbCoin ($2.8M), Startcoin ($2.6M), and BlackCoin ($2.5M).
Some of the notable coins today, including Ethereum (ETH), Binance Coin (BNB), Polkadot (DOT), Chainlink (LINK), and Cardano (ADA), aren’t on the list because they haven’t been launched into the market at the time of the data was compiled.
The Reshuffle – 2015 vs. 2021
A glance at the current crypto ranking shows how significant the market has changed over the past six years. Although Bitcoin and some other top-20 cryptocurrencies in 2015 have risen exponentially in value, only five coins are still ranked among the top-20 cryptocurrencies today.
2015 vs. 2021
From the list above, Bitcoin, Ripple, Litecoin, Dogecoin, and Stellar are the only coins still available in the current top-20 list.
Bitcoin: BTC is still the largest crypto to date. BTC reached an all-time high of $64,863 on April 14. However, due to the current bear market, the price has declined by over 40 percent, fluctuating below $35,000 at the time of writing. Notwithstanding, BTC is up by over 11,600 percent from 26th July 2015 to the present. It has a market capitalization of $644 billion from a circulating supply of 18.76 million BTC.
Ripple: XRP has been flipped from being the second largest in 2015 to the sixth-largest crypto presently. However, the price of XRP has risen by over 7,200 percent since July 2015. The market cap currently sits around $27.8 billion, according to CoinMarketCap.
Litecoin: LTC has also seen immense growth since 2015. Although it currently ranks as the thirteen-largest coin with a market cap of $8.3 billion, Litecoin has gained over 2,500 percent since 2015.
Dogecoin: DOGE is currently the eighth-largest coin with about a $25.3 billion market cap, accounting for a 103,534 percent increase from the price in 2015.
Stellar: XLM was the seventh-largest coin as of July 2015. However, it currently ranks as the nineteenth-largest coin. It has gained more than an 8,400 percent increase in value and a market cap of $5.9 billion from 23.34 billion XLM in circulation.
Although some of the other top coins from 2015 are still relevant today, the majority of them are missing in action and are less talked about. Some of them are virtually valueless now.
A Reminder to Research and HODL
These changes in crypto price and ranking underscores the need for investors to research any coin before buying them. By doing this, you gain clues on how promising a coin is, especially if launched as a native token of a project or platform. Additionally, it stresses the need for long-term investing, of course, for valuable coins, like Bitcoin.
Below are some factors to consider when researching a coin to invest in.
Market Price and Volume: Crypto trading volume and price often serve as an indicator for coins traders and investors are interested in buying or selling.
Supply: Supply is also an important factor to consider. Coins with limited supply are prone to getting scarce in the future.
Tokenomics: This will help you understand the fundamentals of a coin, including its issuance and deflationary mechanism.
Underlying Project: Some coins were launched as utility tokens for projects. Extending your research to the project can give a clue on the future value of the coin, given that the coin is more likely to rise in value if the project gains traction.
The final advice is that the data clearly shows you should pick your HODL coins wisely.