Bitcoin rank on CMC

[NeuroticFish]

What are people thinking? USDT is not real dollars, it's not backed by any reserves, you can't withdraw to dollars in your bank account. It's a scam and a con.

People don't care. They just want it to work and it does.

Actually I think that some would care, but way too many simply don't know this. And the fact that many websites were treating USDT and USD like being the same did not help (at least this has change lately).
Indeed, most care only that it works. But I am sure you've seen the treads with people even trying to keep their money in USDT (!) for whatever reasons.
I think that we should tell louder that USDT is not USD, that it's not properly audited for reserves, hence a scam and there's no certainty on what USDT price will be in the next hour.

[Mahanton]

As per now, there are 4894 Crypto currencies and 20790 markets on CMC. Bitcoin is on the number one. But USDT is ranking up rapidly and now it’s number 4. Any possibility to get it over Bitcoin? I would be shocked if I see.

I highly doubt on that one where Tether would able to beat up BTC for the top spot if we do consider on the entire cap then we can say that it would still takes time and
a heavy adoption of Tether for it to reach up BTC cap level.

Im not saying it isnt possible but would really need extreme level of adoption and recognition of tether,if not then it would just remain as it is when it comes to rankings.
It might being hyped but wont really be enough.

[TinaK]

As per now, there are 4894 Crypto currencies and 20790 markets on CMC. Bitcoin is on the number one. But USDT is ranking up rapidly and now it’s number 4. Any possibility to get it over Bitcoin? I would be shocked if I see.

That should not happen at all because decentralized market only. Because if the centralized market capture the world in the cryptocurrency space we will be started begging the centralized giants running the block chain nodes they were running for it

[pooya87]

As per now, there are 4894 Crypto currencies and 20790 markets on CMC. Bitcoin is on the number one. But USDT is ranking up rapidly and now it’s number 4. Any possibility to get it over Bitcoin? I would be shocked if I see.

I highly doubt on that one where Tether would able to beat up BTC for the top spot if we do consider on the entire cap then we can say that it would still takes time and
a heavy adoption of Tether for it to reach up BTC cap level.

Im not saying it isnt possible but would really need extreme level of adoption and recognition of tether,if not then it would just remain as it is when it comes to rankings.
It might being hyped but wont really be enough.

as long as "top spot" translates into "bigger market cap" or in most cases "bigger supply", i don't think it would be that hard for any shitcoin to go above bitcoin and become "top". all it takes is an enormous supply with only 1% circulating and a tiny price.

but if you change the meaning of "top" to mean actually top considering value, adoption, utility, decentralization, security, price,... then non only it becomes impossible for them to be the "top coin" it also becomes impossible to even have 1/100 of bitcoin's rank.

[hosseinimr93]

As per now, there are 4894 Crypto currencies and 20790 markets on CMC. Bitcoin is on the number one. But USDT is ranking up rapidly and now it’s number 4. Any possibility to get it over Bitcoin? I would be shocked if I see.

I highly doubt on that one where Tether would able to beat up BTC for the top spot if we do consider on the entire cap then we can say that it would still takes time and
a heavy adoption of Tether for it to reach up BTC cap level.

Im not saying it isnt possible but would really need extreme level of adoption and recognition of tether,if not then it would just remain as it is when it comes to rankings.
It might being hyped but wont really be enough.

as long as "top spot" translates into "bigger market cap" or in most cases "bigger supply", i don't think it would be that hard for any shitcoin to go above bitcoin and become "top". all it takes is an enormous supply with only 1% circulating and a tiny price.

but if you change the meaning of "top" to mean actually top considering value, adoption, utility, decentralization, security, price,... then non only it becomes impossible for them to be the "top coin" it also becomes impossible to even have 1/100 of bitcoin's rank.

The coins in coinmarketcap are ranked in order of their market capitalization which is price*circulating supply. So, it's not easy for any coin to be higher than bitcoin only with having a big supply.
What matters is their circulating supply not their total supply.