Why ETH, USDT, BNB, SOL and XRP have the highest market capture?

[Bureau]

Have you ever imagined why these 5 cryptocurrencies are in the top? Have you ever thought why a coin like USDT, which being a stablecoin is ranked 3rd on the list of coins with a big  market capture?

None of us thought about it as it doesn't affect us personally as a single investor. The reason is that we consider us first than the market sentiment. Tether being known to be controversial has established it place because it has the trust of its users.

XRP again a controversial coin is ranked 6th after so many legal cases as again it still holds the trust and faith of its community. The same is applicable for the other cryptocurrencies.

What makes me laugh is that all of those crypto as discussed are still consider an altcoin without any significance. They are coins that will not survive long which was predicted about a time after 2017. Yet, they are alive and happening without any difficulties.

Do you think they will survive or no

 

[rhomelmabini]

What makes me laugh is that all of those crypto as discussed are still consider an altcoin without any significance. They are coins that will not survive long which was predicted about a time after 2017. Yet, they are alive and happening without any difficulties.

Do you think they will survive or no

Establishing a name on every industry do matter and I think only one from your list for me doesn't made any significant impact yet when it comes to the brand which is SOL but the rest I think they do. They'll survive for sure, it's evolving and that's the only way they could. I don't think they haven't endured any difficulties to be at top right now, they did have difficulties on their own and even Bitcoin did.

[electronicash]

they are not going away. but should we not consider them altcoins?

people are using Tether to trade BTC. we can't afford to crash this one or else the whole crypto market will crash. people including the large institutions are up to using it since it protects them from volatility. USDT could have been prosecuted by the SEC but seems they let it slide and pointed their finger at BUSD.
XRP has the richest team that fights back SEC.

[cryptoaddictchie]

Have you ever imagined why these 5 cryptocurrencies are in the top? Have you ever thought why a coin like USDT, which being a stablecoin is ranked 3rd on the list of coins with a big  market capture?

For traders USDT symbolize as dollar value so they are often used for trading this pair with bitcoin and other altcoins. So its literally will have a lot of volume and will have a bigger marketcap compared to others. Its because only of trading you dont potentially earned from it from holding or gaining profit but it is used for buying and selling thats why its one of the highest order in the marketcap ranking.

[GreatArkansas]

It just means that people are using them, the volume speaks for itself. Trading volume also, TVL, number of transactions, etc.
Because if a project really trash it will not stay on top for the long time because we already have lot of projects these days and the competition is getting hotter and hotter.

[pinggoki]

they are not going away. but should we not consider them altcoins?

people are using Tether to trade BTC. we can't afford to crash this one or else the whole crypto market will crash. people including the large institutions are up to using it since it protects them from volatility. USDT could have been prosecuted by the SEC but seems they let it slide and pointed their finger at BUSD.
XRP has the richest team that fights back SEC.

I didn't know that Tether has that much influence or even that big of a deal wow! I just thought that it's a stablecoin that's used to make sure that people can use crypto as if they're just trading with money, can Tether really crash the crypto market? I guess my pea brain can't comprehend that it can do something that big and downright catastrophic. I don't think it's because of they want to point finger because they need to make some prosecution but more like they want to eliminate Tether's big competition and in the current scenario, it's BUSD that's making a problem. What exactly is the reason why XRP is fighting back against SEC? I don't know what started it so I'm curious.

[Kelward]

It just means that people are using them, the volume speaks for itself. Trading volume also, TVL, number of transactions, etc.
Because if a project really trash it will not stay on top for the long time because we already have lot of projects these days and the competition is getting hotter and hotter.

This is why they're called top altcoins because they've proven their reputations at the top and thereby gained investors trust, and because of the uncertainties and the distrusts in crypto projects, a coin has to make it to the top category before investors will have complete confidence in them. I've always endorsed Bitcoin, and top altcoins, as the reliable cryptocurrencies to invest in, because of the many scams and short life span of the many others in the crypto market.

[mk4]

It really depends on the time span and what you really mean by "survive".

ETH because it's the biggest DeFi ecosystem.
USDT it's the biggest stablecoin token.
BNB because of the Binance branding and because it's the biggest memecoin casino.
SOL because it's the biggest competitor to ETH that's not just a copy-paste EVM.
XRP because people still believe it'll amount to something for some reason (and because cheap unit price).

[jrrsparkles]

Have you ever imagined why these 5 cryptocurrencies are in the top? Have you ever thought why a coin like USDT, which being a stablecoin is ranked 3rd on the list of coins with a big  market capture?

None of us thought about it as it doesn't affect us personally as a single investor. The reason is that we consider us first than the market sentiment. Tether being known to be controversial has established it place because it has the trust of its users.

XRP again a controversial coin is ranked 6th after so many legal cases as again it still holds the trust and faith of its community. The same is applicable for the other cryptocurrencies.

What makes me laugh is that all of those crypto as discussed are still consider an altcoin without any significance. They are coins that will not survive long which was predicted about a time after 2017. Yet, they are alive and happening without any difficulties.

Do you think they will survive or no

 

Cryptocurrencies mostly used for trading until now and are used as currency which explains why a stable coin Tether has such huge market cap value when it doesn't have holding or other use cases. Irony is that Bitcoin's market cap value is 830 billion but it has 13 billion daily trading volume while USDT is having total marketcap value of 90Billion but it has daily trading volume of 25 Billion which is two times of Bitcoin's daily volume.

SOL,BNB are trying to replace the ETH which explains why they have high marketcap value too.

XRP, still I have no idea why it is being one of the top crypto currency despite centralized and volatile.

[Sophokles]

They have the largest community, ecosystem, and adoption along with big institutional backing which helps these projects grow exponentially. All these project struggled in their early stages but they were so unique with their technology that investors recognized their long term potential. This helps those projects build a massive community. A project can be very good but without a community, it won't succeed and to build a community a project need funds that they can use for marketing.

[MFahad]

Have you ever imagined why these 5 cryptocurrencies are in the top?

because they are used more than others, in different ways. trading, buying. paying for service, buying anything using them.

Have you ever thought why a coin like USDT, which being a stablecoin is ranked 3rd on the list of coins with a big market capture?

I don't understand why you are surprised of USDT being among these. for me USDT is the most obvious and also one of the most deserving one among them.
USDT is being used as a trading pair in almost every exchange, which makes it one of the most demanding cryptos there. USDT is one of the most used options for payments, p2p, and so many others.
Tell me why you think USDT shouldn't be there?

[kentrolla]

Have you ever imagined why these 5 cryptocurrencies are in the top? Have you ever thought why a coin like USDT, which being a stablecoin is ranked 3rd on the list of coins with a big  market capture?

None of us thought about it as it doesn't affect us personally as a single investor. The reason is that we consider us first than the market sentiment. Tether being known to be controversial has established it place because it has the trust of its users.

XRP again a controversial coin is ranked 6th after so many legal cases as again it still holds the trust and faith of its community. The same is applicable for the other cryptocurrencies.

What makes me laugh is that all of those crypto as discussed are still consider an altcoin without any significance. They are coins that will not survive long which was predicted about a time after 2017. Yet, they are alive and happening without any difficulties.

Do you think they will survive or no

 

USDT is still controversial for me as I don't believe in the audit which they provides as there is no clear evidence that they have reserve for the overall trading volume of USDT but it was the only option available to the users to covert their funds to avoid volatility once they have gained profit hence USDT is still there and it will remain as dominant force for a while, ETH will be there I don't see any reason why it shouldn't be in the list, SOL has proved it's worth in last bull run and they way it has pumped up in last quarter of 2023 and due to it's eco system it stands a chance to be on top 10 coins for a while. BNB is simple backed by Binance and it would sustain as long as Binance is in the market but XRP is something which even I am wondering it's centralized, had legal issues and has been one of the worst investments where people have not gained much but wondering how is it even surviving.

[Bushdark]

All of the project you have mentioned have been in the market for a very long time and what do you expect would happens to their adoption? People feel sla kind of safe with these projects that's why you are seeing the prices huge and the market capitalization is something you can't compare to others just like that. Ethereum is a big project and it's seen as the second largest cryptocurrency I'm market capitalization. By the time the bull market will appears, expect to see more.

[batang_bitcoin]

You mean market capitalization? I think that most of them will survive but we'll still see that some of them might be gone within the next few years. There have been a lot of cases in the past where altcoins that have been popular lost their popularity and then got out of the market and forgotten by the community. Right now, they're still known and has a high market cap but we'll never know with the upcoming years if they'll still be the same. But I think with ETH, it's a different thing and it is going to remain at the top, might be replaced somehow but with the possible ETF approval, it will remain strong.

[johnsaributua]

I'm not too familiar with xrp because maybe the holder community has a mindset of past prices, including if you see transactions every 24 hours I should be able to save from every month. Stable coins that you mean like usdt because it's the right step in a pair, meaning a good resonance of buyers because of the stopover from trading coins and prices following the dollar price is a coin that is sought after including me. talking about the order in cmc even the 5-10 ladder is occupied by coins that are not very fundamental, meaning for fun but the volume is so high, investment is sometimes that casual. Regardless, usdt is a good form of anticipation and prevention because if there is a listing on a cex mostly usdt pairs, it is natural that usdt transactions are more and more people use in 24 hours, either for daily transactions or in storage.

If talking about the resilience of altcoins is not easy, because there are many supporting communities, no matter how low the price is, I think there is another perspective of each investor and views it as not a bad thing, when transactions are always rotating altcoins are still alive.