Binance Coin Drops 19% — Crypto Market Cap Analysis

Cryptocurrencies are constantly evolving, with a host of emerging digital coins shaking up the status quo. This blog post provides insightful information about the top 50 cryptocurrencies by market capitalization, charting their trajectories over the last 30 days and uncovering intriguing insights along the way.

Top 50 Cryptocurrencies By Market Cap — Highlights

The Reigning Champions: Bitcoin and Ethereum

Leading the pack, as ever, is Bitcoin (BTC). With a market cap of $597,910,729,228, it maintains a commanding lead. Despite a marginal 24-hour change of -0.60%, it has witnessed a robust growth of 14.77% over the past 30 days.

Ethereum (ETH) holds the second spot with a market cap of $232,425,985,747. While Ethereum saw a slight dip over the past 24 hours, its 7-day and 30-day growth remains positive, reinforcing its status as the pre-eminent altcoin.

Tethering the Crypto World: Stablecoins on the Rise

The most stable entities in this list are the stablecoins – Tether (USDT) and USD Coin (USDC). Their negligible changes over the past 30 days reflect their design to mirror the value of the US dollar, providing stability amid the often volatile crypto market.

Binance Coin Expereriences A 19% Drop

Interestingly, Binance Coin (BNB), sitting at rank 4, shows a bit of turbulence. Its 24-hour and 7-day changes are negative and positive, respectively, indicating short-term volatility.

However, the striking figure is its 30-day change: a drop of -19.39%, the largest decline among the top 10 cryptocurrencies. The drop was related to Binance’s struggle with the U.S. SEC, which caused a huge price drop and sell-off.

Surprising Moves: Bitcoin Cash Skyrockets

Bitcoin Cash (BCH), ranked 14th, stands out with its whopping 139.33% growth in the last 30 days – the highest in the list. This significant uptick could potentially be linked to recent developments or news events around BCH, highlighting the impact of market sentiment and media coverage on crypto performance.

Spotlight on Meme Coins: Dogecoin and Shiba Inu

In the realm of meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) hold the 8th and 18th spots, respectively. After a 0.58% rise over the past 24 hours, Dogecoin saw its 30-day change at -4.40%. In comparison, Shiba Inu, though witnessing a smaller market cap, less 24-hour growth, and a bigger negative 30-day change of -9.91%.

Exploring Some Altcoins: Cardano, Solana, and Litecoin

Despite being ranked 7th, Cardano (ADA) reveals a -21.45% change over the past 30 days, a sizable drop. Like BNB, this downturn might be connected to market reactions toward the SEC news.

Solana faced the same challenge, and its market cap dropped by almost 11% during the last 30 days.

Litecoin (LTC) and Uniswap were among the top gainers of the bigger cryptocurrencies. Litecoin added more than 12% to its market capitalization, and Uniswap more than 13%.

Top 50 Cryptocurrencies By Market Cap — Details

RankNameSymbolMarket Cap24h change7d change30d change
1BitcoinBTC597,910,729,228-0.60%1.78%14.77%
2EthereumETH232,425,985,747-0.96%4.18%3.23%
3TetherUSDT83,366,967,726-0.00%0.01%0.01%
4BNBBNB37,812,059,106-1.08%4.26%-19.39%
5USD CoinUSDC27,727,079,4680.01%0.02%0.03%
6XRPXRP25,515,922,217-0.22%2.83%-9.04%
7CardanoADA10,301,858,593-0.58%7.19%-21.45%
8DogecoinDOGE9,607,830,2110.58%6.80%-4.40%
9SolanaSOL7,719,372,5030.47%19.68%-10.95%
10LitecoinLTC7,712,896,361-1.96%23.42%12.56%
11TRONTRX6,987,205,830-0.00%4.86%-4.51%
12PolygonMATIC6,525,798,369-0.71%10.75%-21.21%
13PolkadotDOT6,395,425,778-2.36%6.84%0.34%
14Bitcoin CashBCH5,296,133,465-3.52%21.48%139.33%
15Wrapped BitcoinWBTC4,831,496,497-0.73%1.73%14.55%
16ToncoinTON4,758,640,695-2.05%0.67%-20.01%
17DaiDAI4,643,738,5940.02%-0.03%-0.02%
18Shiba InuSHIB4,534,688,0110.01%5.53%-9.91%
19AvalancheAVAX4,511,890,633-1.24%2.38%-11.92%
20Binance USDBUSD4,127,327,3090.01%0.03%0.01%
21UNUS SED LEOLEO3,657,139,9690.31%-0.15%9.67%
22ChainlinkLINK3,506,294,7300.60%8.34%1.81%
23CosmosATOM3,395,202,164-0.41%6.31%-7.95%
24UniswapUNI3,257,061,7532.84%10.73%13.17%
25TrueUSDTUSD3,039,703,1630.04%0.20%0.04%
26MoneroXMR3,012,665,480-2.93%-1.58%12.62%
27StellarXLM2,798,243,889-2.04%0.77%13.23%
28Ethereum ClassicETC2,765,835,253-2.34%9.69%8.14%
29OKBOKB2,604,067,835-2.37%-0.75%-4.49%
30FilecoinFIL1,978,684,625-0.59%17.11%-1.10%
31Internet ComputerICP1,922,379,970-1.15%4.21%-7.05%
32Lido DAOLDO1,899,870,227-1.63%16.23%-5.89%
33AptosAPT1,657,634,819-2.38%12.40%-11.27%
34HederaHBAR1,576,686,457-1.45%0.20%-2.13%
35ArbitrumARB1,461,023,712-2.06%-0.72%-2.38%
36CronosCRO1,458,915,7081.51%3.05%-5.01%
37VeChainVET1,454,166,809-0.47%4.60%2.49%
38QuantQNT1,303,762,702-1.46%2.47%-6.11%
39NEAR ProtocolNEAR1,299,207,417-1.87%0.03%-14.14%
40AaveAAVE1,147,861,7027.34%29.73%27.58%
41The GraphGRT1,123,697,360-3.18%18.48%-0.00%
42StacksSTX967,812,895-3.47%2.08%16.33%
43MakerMKR963,298,543-0.41%45.85%43.65%
44Pax DollarUSDP943,932,8180.20%0.93%0.90%
45AlgorandALGO930,402,539-1.59%3.29%-16.74%
46MultiversXEGLD926,476,9461.22%9.80%-4.11%
47BitDAOBIT885,764,238-3.14%26.85%-1.95%
48FantomFTM884,804,155-0.53%5.79%-2.11%
49EOSEOS835,229,2840.97%9.69%-16.23%
50The SandboxSAND828,810,395-0.99%8.26%-26.82%

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