Two Trillion Dollars Worth of Crypto
This article is published in collaboration with Statista
by Katharina Buchholz
According to website CoinMarketCap, the market cap of cryptocurrencies exceeded 2 trillion U.S. dollars as of April 15, 2021. Bitcoin - by far the biggest cryptocurrency - makes up around half of that, while the next biggest coin, Ethereum, accounts for around 13 percent.
Smaller players in the crypto market are Binance Coin (85 billion U.S. dollars) and XRP (78 billion U.S. dollars).
All these currencies experienced a significant increase in value of over the last 6 months and are now worth six to seven times their October value.
Trendy cryptocurrency Dodgecoin was the 11th most valuable coin with a market cap of around $17 billion. The former joke currency surged majorly, doubling its value in just seven days. Dodgecoin thereby caught the biggest wind among major cryptocurrencies in the frenzy around the IPO of cryptocurrency marketplace Coinbase despite not even being traded on the platform. XRP was another one of the major benefactors of the week's interest in crypto and increase its market cap by more than 80 percent in seven days.
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