Market cap of 120 digital assets, such as crypto, on December 3, 2024
A league table of the 120 cryptocurrencies with the highest market cap reveals how diverse each crypto is and potentially how much risk is involved when investing in one. Bitcoin (BTC), for instance, had a so-called "high cap" - a market cap worth more than 10 billion U.S. dollars - indicating this crypto project has a certain track record or, at the very least, is considered a major in the cryptocurrency space. Interestingly, Bitcoin is one of the (very) few coins listed as "store of value", or crypto designed to hold or even increase purchasing power over time. Simply put: Bitcoin somewhat functions like a digital gold but has limited functionality or applications elsewhere. Compare this to, for example, developments on XRP or Ripple - a crypto with roots in B2B payments - or Solana (SOL) - a coin that powers parts of the Decentralized Finance or DeFi world.
