Bitcoin Forum

The top 10 cryptocurrencies in $ in the year 2020.

Name of coin    Value $
Bitcoin              18,068
Ethereum             478.09
Litecoin                  72.84
Ripple                      0.29
Chainlink                13.47
Eos                          2.61
Yearn.Finance   22,814
Ethereum classic       6.14
Bitcoincash           247.11
Tron                         0.025

In this top 10 list (https://www.worldcoinindex.com/trending/overview) clearly there is a big gap between Bitcoin and the other altcoins. What causes this and will other altcoin ever catch up with Bitcoin?
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Did you copy this message from somewhere, buddy?

Anyway, early launch is an absolute factor being the popularity. Besides, there are certain factors that can be hold responsible for the price:
- Total Supply
- Currency allocation
- Age
- Active development
- Number of daily transactions
- Supportive community

Well, it is a simply bitcoin driven market and that is it, there is really nothing that much to say about anything else. To simply put, bitcoin dominance shows that bitcoin worths around 65% of the crypto market, which means when you take a look at crypto market as 100%, bitcoin worths 65% of it and ALL OTHER CRYPTOS worth 35% combined.

This is basically explaining why the top ten has so much difference but it also shows that it is not just top ten, it is ALL cryptos combined worth less than bitcoin. There is really not that much to predict or try to make a discussion out of this, everyone knows and likes and trusts bitcoin, we all buy bitcoin and hold it, that is the king of all coins, and rest we are just investing however we want, there are less people who trust other coins the same way.

of course a big gap in price because of market capitalism and circualting supply from each cryptocurrency is different my friend
i believe no altcoins can catch market capitalizations of bitcoin buddy

Bitcoin can't be replaced by any altcoin at any point.This is my own review with my knowledge.It may be differ to all with their knowledge.Even yearn.finance price is above Ethereum ,but ethereum had take second place and yearn.finance after the Eos because of the investors intrests.

It's a valid point.Because now the crypto currency was purely based on the bitcoin.The bitcoin price,bitcoin flow in the market make a impact on the other altcoin in the market.When the price of bitcoin increase,it will lead to increase in altcoin price most of the time.Only few times,it takes some time for altcoin.

If you are ask to put your money in any Crypto and come back in 10years time which Coin are you going to put it, If you look at most of these Bitcoin whales they don't move their Bitcoin just any how and are confident their bet on BTC is going to pay off, only few Altcoins in the space has outperform Bitcoin.

i can't understand what did you mean by can altcoin ever catch up with bitcoin, can you make it clear buddy
because if we talk about price i see few altcoins that have higher price than bitcoin buddy, but not in marketcap because bitcoin will always become the leader in coinmarketcap

For the long investment like 10 years, I will chose the bitcoin and not any altcoin including Ethereum. Because now Ethereum going to replaced by Eth 2.0.But bitcoin will remain a promising project over 10+ years. So Bitcoin will be my opinion, if you ask me.

Market cap, usability, choice of the people. Bitcoin is at the top because it has all of it, I mean all of the positive thing that a cryptocurrency should have.
While the other altcoins, they also have it but it's bitcoin that is the choice of the majority and made its marketcap at the top.

Of course, total supply and real use cases are completely different. I don't see a reason to compare the altcoins and BTC, maybe in the future top 10 altcoins will be replaced by the other projects but it is too early to talk about these possible changes. Time will tell which altcoins have a better potential to replace the top ones but BTC is still unbeatable among all cryptocurrencies. Choosing from the top altcoins is not risky but the reward will be small compared the investing in the small altcoins which can give an x500 or x2000 ROI after the few years.

The thing that causes it to happen might be the usability, mechanism, consensus, funtionality and various things. I this case i will take the hype as the main thing that creates a big gap between any altcoins.
The technical things like total supply consensus mechanism were also giving a huge impact to the gap between the price of altcoins.

The gap between bitcoin and altcoins is obvious, altcoins don't need try to catch up and they never catch up. Bitcoin has always been primary, altcoins are secondary, most importantly history and people's trust in bitcoin, altcoins can't be compared (Bitcoin is the first coin).

Bitcoin is a digital currency and it is controlled by the decentralized authority, not like the government-issued currencies. Bitcoin takes up the majority of the market. Whereas other altcoins are usually created to resolve some of the limitations of Bitcoin. Therefore, altcoins are often seen using different protocols and encryption algorithms.

If you talking about big gap in $ (price in dollar) then it's because so many factor mainly total circulating coin and demands. When we're talking about gap here it should be the market capitalization since it's vital aspect to consider not the price of a coin.

There's many altcoins that has higher price than bitcoin in the past but they usually have very low circulating coin and it's about few thousands which also means small market cap.

However, if what you mean is market cap it's just normal since market cap of bitcoin correlate with its dominance in the market and bitcoin is the first crypto like ever and considered equal to gold.

Bitcoin and altcoin are very different,
if you look for it on coinmarketcap then click Bitcoin Dominance you will definitely understand,
because in the crypto currency world it has 2 seasons, the first is Bitcoin season and the second is altcoin season.

Seems like you're new in here that's why questions like this comes from you but remember that Bitcoin as a Pioneer cryptocurrency and has proven the ability and capacity to grow and grow year after year.
Though there are some chances that in specific year the value don't go up instead falls down in same reason that this market is volatile and changing its way from time to time.
Domination is now changing for the last 11 years of Bitcoin existence so maybe at some point OP is just curious but now getting straight answer.

Bitcoin is the Pioneer
It is classified as one of the most successful crypto as it had quite some history there
Bitcoin is proven that people are trusting the Blockchain itself despite it had no CEO, no Boss, Nothing backed
Because it takes a very long time to built up the entire ecosystem

Unlike other alts, where it is either done through ICO, or mining(Copy what Bitcoin did)
These actually caused conflict of interest
e.g. You as a boss of Coin ABC, you crowdfunding a huge source of money
3 years pass and you realised that the coin itself is not sustainable
Are you going to spent all the money back to the ecosystem or you just wanted to make money?
That's the problem
Blockchain should be decentralized, but if the coin backed by certain boss/institutions that are seeking for profit making
The coin itself might not fully achieve what Crypto should be

There was a time back in the day when ETH almost, came within a few %'s of reaching and exceeding BTCs market cap however it quickly reversed. I think this was when the mining pools finally decided to launch Segwit since scaling was a huge issue and ETH was the competition. So once Segwit was flagged as a day quickly the market caps widened again and hasn't came this close ever since. I don't think there will be a time when another crypto ever comes this close to beating BTC market cap.

So its certainly possible for ETH or some other alt-coin to beat BTC market cap however it would be extremely rare. We got Segwit now, so we got LN for scaling which isn't a threat anymore like in 2016. And the network security is very important. Look what happened with ETC and how many times they got 51% attacked. Hence why many prefer bitcoin since it has a huge hashrate behind it.

Maybe that is because bitcoin was the first coin launched and many people believe that bitcoin can be the new option in the payment system. And with the price that has a big gap among the other coin, people are interested in having bitcoin as a long term investment than the altcoin. That is because the altcoin will be behind bitcoin. The price will fluctuate as follows with the bitcoin price. But maybe we have a different point of view about bitcoin and altcoin.

indeed, the idea why bitcoin created is a great idea that come from unknown guy called satoshi nakamoto
then after that a lot of people create their own coins, but for sure the new coins created after bitcoin will never replace bitcoin as the king of crypto and market capitalizations from bitcoin will always higher than the others

Every cryptocurrency market trend have different momentum and after Bitcoin halving is totally executed the market trend is decide by Bitcoin market and after Bitcoin experienced total bullish before altcoin market will experience a big pump in price. We are yet to reach such a phase that's why the gap between Bitcoin and altcoins is big.

It will be mission impossible to ever think altcoin will meet up with bitcoin in price.
Bitcoin will forever be the King of crypto and no other altcoin will challenge her dominance. Bitcoin leads while altcoin follows in price.
Bitcoin always comes to people's minds first before any other altcoin when it comes to crypto investment. The demand for bitcoin is what always trigger the price of bitcoin

It's wrong dude. All of altcoins were pegged with bitcoin. The dominance of bitcoin has come from the trust of bitcoin. More people truse it and it will increase the price of bitcoin and then the dominance of bitcoin will increase too. I think that your statement is quite wrong to say that bitcoin is pegged to the all of altcoins.

Bitcoin will always be the coin that everyone looks upto, that is the one that decides on whats going in the crypto world, without bitcoin we have no crypto world.

People assume that crypto world could survive even after bitcoin but if bitcoin became something like 10 dollars tomorrow due ot some hacking that wasn't figure out so far but was built today, believe me all other coins would cease to exist or would worth a lot less as well, the dominance wouldn't change so bitcoin at 10 dollars each would still have 60% dominance and think what that means price of all other altcoins becomes. This is why always have some bitcoin in your portfolio, doesn't matter how much but have it as much as you can so that if anything happens, bitcoin would be the last one to go.

for me the big difference between bitcoin and other TOP altcoins is only community not the price
because all Top altcoins community is a part from bitcoin community right ? but not all bitcoin community will be a part from top altcoins community

Bitcoin is the mother of crypto currency, as you can see in the market. Almost all altcoin price will be depend on bitcoin price movement, bitcoin up and altcoin will up and bitcoin down it will be the same with altcoin.

This is why bitcoin will have a high price comparing to another altcoin. Also, the main focus for investor whi just come to crypto currency for investing they will only choose bitcoin first as the main place and then they will choose an altcoin as the second place.

bitcoin recognized as safest cryptocurrency at this moment by new investors, its simple and no need effort to analize like altcoin coin. sometime our analisys in coin research often wrong and it make our investment getting loss. so by this reason bitcoin will always be first cryptocurrency and influenced to altcoin.

ltc , bch and ripple are the coins that are playing under the top 10 not only in the year 2020 but also in a couple of years in the past but for the eth and btc both coins are permanent under the top 10 bracket  .

btc has a big differences among alts but on the list theres that yearn finance that has a value of 22k usd , the coin was down but yearn finance value before was more than that . this altcoin's gap is bigger than in btc . what causes this can be a mystery but the cause for btc pump is organic because it wasnt an instant pump .

I believe coins being pegged to bitcoin is coming to an end very soon. It will not be over 100%, there will still be a lot of coins and a lot of volume pegged to bitcoin, however it is going down more and more every single day.

Right now, we have a lot of coins that is pegged to USDT as well (or any stable coin) which means we are talking about coins that will not be paired with bitcoin as much as they used to even if they have a btc pair because many people may switch (or already switched) to usdt pair of the same coin.

Secondly we have DEX now which means people can exchange any token to any token and that means people could pair their own coins with whatever they want in return, so it could also drop bitcoin volume as well. Basically bitcoin pairing with alts are not as much of a "must" anymore as it used to be.

Satoshi Nakamoto the creator of Bitcoin opened the Pandora's box and the pioneering spirit grants him the glory of opening the gates of a new era. It may seem a little bit of fiction or mythology but that is the reality you find. Another point that we can emphasize is that many investors consider Bitcoin as digital gold and many are transforming their solid fortunes in Bitcoin algorithms and this fact corresponds to the great increases adding with the entrance of large institutions that intend to acquire a market share.

that is certain, meaning the difference is meant about price,
if the price is clear about the demand and total supply that an altcoin has,
there are even altcoins that have a higher price than Bitcoin, namely YFI,
because the small total supply makes this fly past the king's price Bitcoin.

Will not have any altcoins can catch up the value of Bitcoin. In fact, Bitcoin is the coin that brought fame to this Crypto market, and it is only Bitcoin that can resist asset inflation.
So no matter how good the news is, altcoins are second only to Bitcoin. It has a very clear divergence as Bitcoin dominance is always above 50% and we should get used to it in the Crypto market.