the universe crypto It is totally dominated, by its size, by Bitcoin. One Bitcoin fetches around $95,670, with its value more than doubling by 2024. The market capitalization of this currency is around 1.89 trillion (billions in English) of dollars. If the 20 largest cryptocurrencies have a market value of $3.02 trillion, Bitcoin accounts for 63% of that figure. And, for the moment, no one threatens his throne. Only since November 5, the Super Tuesday elections in the United States, Bitcoin appreciates by 40%; is pleased that President-elect Donald Trump supports this market.
According to data collected by Bloomberg as of November 28, The second largest virtual currency by capitalization is Ethereum, which reached 437 billion dollars. Its increase over the year is around 60%; Since the US election, it has increased by almost 50%. In third place is Tether, with a market value of 133 billion. of dollars. The fourth is Solanawith more than 112 billion. Now, capitalizations are less than 100 billion. Crypto glossary: what do you need to know and understand before entering the digital assets sector?
The fifth, Binance Coin, capitalizes just under $95 billion; XRP, around 84,000. Inside Top 10 There is still Dogecoin ($59 billion), USD Coin (39,000), Cardano (just under 36 billion) and Avalanche (17,000). This ranking of the 10 largest evolves logically, even if the main positions are difficult to move due to their size.
To put these figures in context, only 9 of the 500 companies listed on the S&P 500 – the benchmark American stock index – exceed a trillion dollars in capitalization, which is what Bitcoin does. The comparison doesn’t even make sense with the Ibex 35, an indicator with much smaller limbs; the largest, Inditex, weighs around 160 billion (and the second, Iberdrola, has 86,000). The big difference is that behind these companies there are audited profits that these companies publish every year, even every quarter, that the market rewards or punishes in their prices. This is not the case of cryptos.
The cosmos of virtual currencies is immense. If we stick to the first 20, the smallest, which is called Internet Computer, capitalizes a little over 5 billion dollars (in euros, around 4.7 billion, more or less like Fluidra). But there are much smaller ones. Bloomberg offers information on the 48 largest cryptocurrencies, and number 48, called Dash, has a market value of $436 million (similar to Tubacex).
Cryptocurrencies are very complex to value, in addition to being very numerous. There are more than 10,000, many of which will eventually disappear in a few years. In Spain, the individual investor currently has no way of approaching this asset with the help of professionals. The two Spanish funds that allow investing in cryptocurrencies – the Income 4 Crypto FIL and the FIL cryptocurrencies, from A&G- are only available for institutional use. This could change with the entry into force of MiCA (Crypto Asset Regulation Market), the first standard that regulates the cryptoasset market globally, at the beginning of 2025. Javier Pineda (Renta 4): “I hope that from 2025 there will be ‘crypto’ funds for retailers”.
