the universe crypto It is totally dominated, due to its size, by Bitcoin. One Bitcoin pays approximately $95,670, having more than doubled in value by 2024. The market capitalization of this currency is around 1.89 trillion (trillions 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 now, no one threatens his throne. Only since November 5, the Super Tuesday election in the US, Bitcoin appreciates 40%; celebrates that President-elect Donald Trump will support this market.
According to data collected by Bloomberg as of November 28, The second largest virtual currency by capitalization is Ethereum, which reaches 437,000 million dollars. Its increase in the year is around 60%; Since the elections in the US, it has risen almost 50%. In third place is Tether, with a market value of 133 billion of dollars. The fourth is Solanawith more than 112,000 million. From here on, capitalizations are less than 100,000 million. Crypto glossary: what should you know and understand before entering the digital assets sector?
The fifth, Binance Coin, capitalizes just under $95 billion; XRP, about 84,000. In it Top 10 There are still Dogecoin ($59 billion), USD Coin (39,000), Cardano (just under 36 billion) and Avalanche (17,000). This ranking of the 10 largest logically changes, although 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 US stock market 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 members; the largest, Inditex, is around 160,000 million (and the second largest, Iberdrola, is at 86,000). The big difference is that behind these companies there are audited benefits that these companies publish every year, if not every quarter, that the market rewards or punishes in their prices. This is not the case with the cryptos.
The cosmos of virtual currencies is overwhelming. If we stick to the first 20, the smallest, which is called Internet Computer, capitalizes just over 5,000 million dollars (in euros, about 4,700 million, 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 end up disappearing a few years from now. In Spain, the retail investor has no way, at the moment, 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 may change with the entry into force of MiCA (Market in Crypto Assets regulation), 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”.
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