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In the short period in which cryptocurrencies existed, they recorded an exponential growth and a level of acceptance. They also experimented with some dramas and applications that have attracted the attention of the world. The year 2013 marked the period in which cryptocurrencies gained mass popularity, and this had a positive effect on their prices.
Fast forward five years after coinmarketcap.com started to monitor cryptocurrencies, the crypto cap of the market has grown to $ 130 billion. At the beginning there were only fifteen coins listed. Currently, there are about 2073 coins on the website.
To better understand how the capitalization of the cryptic market has evolved, let's take a look at how the first six cryptographic coins were made since coinmarketcap.com started to monitor virtual currencies.
L & # 39; beginning
The world's biggest cryptocurrency tracker was born in 2013. By May 26 of the same year, there were only 15 cryptographic coins on the platform. At that time, the encrypted market capitalization was $ 1,548,982,054.
Since the beginning, Bitcoin has managed to dominate other cryptocurrencies. His influence has led to the emergence of many other altcoins whose value was dictated by the top crypto coin.
Forbes named the year 2013 of Bitcoin. It was the year when the currency won the hearts of many hungry investors. He managed to reorganize and exceed the 1,000 mark for the first time. In particular, it peaked at $ 1,242 per coin and in the process exceeded the price of an ounce of gold trading at $ 1,240 at the time.
The explosion of its price has seen the currency become a topic of discussion everywhere, from seminars to online forums. It also led to contradictory points of view from different factions. Some saw cryptography as a scam while others saw them as interesting and interesting projects.
Interestingly, both factions seem to be very convincing with their positions. Furthermore, the high volatility that the cryptographic market experiences from time to time does not help its cause.
The first six cryptocurrencies of 2013 according to the cap crypto of the market
Bitcoin
After an anonymous figure named Satoshi Nakamoto published the Bitcoin white paper in 2008, Bitcoin was officially born on January 3, 2009. Nakamoto was awarded 50 BTC after extracting the genesis block. Since then, the first cryptographic currency has undergone various ups and downs. It is incredibly volatile that has a high risk. It was also created to be immune to the government and any other central authority.
It has been a source of inspiration for the creation of other alternative coins that rely on its technology to offer additional features. According to the market cap, in 2013 it was worth $ 1,477,901.418 and is currently still the first cryptographic currency with a market capitalization of $ 69.815.599,094.
litecoin
It is an open source peer-to-peer cryptographic currency that allows immediate payments to anyone, anywhere in the world. It is the creation of Charlie Lee a former employee of Google. Improving the speed of Bitcoin transactions; the currency immediately became a success for users. Within 24 hours of launching, he managed to record a 100 percent gain. In November 2013, its price peaked to over a billion dollars in market capitalization.
Rapid advancement until 2018 and the second position on the crypto market was taken by XRP, Ripple's native currency. Litecoin is currently in number seven with a market capitalization of $ 1,919,668,713.
Namecoin
It is an altcoin that was launched on April 18, 2011, after a discussion on BitDNS that was published on the Bitcointalk Forum in December 2010. In May 2013, its market capitalization was $ 5,306.810. Currently, the altcoin is the number 366 according to the market capitalization encrypted with a market capitalization of $ 5,962,372 – only a slight increase compared to its market capitalization five years ago.
Peercoin
Cryptographic money was created to be the safest digital currency with the lowest cost. It uses both proof-of-stake and proof-of-work algorithms. It also provides users with an annual PPC return of 1% to strengthen the peer-to-peer network through data mining activities. Currently, the currency is at number 160 with a market capitalization of $ 18,063,174.
Novacoin
The currency was developed and launched by Balthazar in 2013 and quickly rose to number five in the encrypted cards. It has introduced unique block generation features that support separate target limits. In 2013 its market capitalization amounted to $ 1,198,172. However, things did not go so well for years later, being currently ranked at number 703 with a market cap for $ 1,356,336.
Terracoin
Another altcoin that came out looking to improve Bitcoin's security and support faster transaction speeds. In May 2013, it had a market capitalization of $ 919,126. However, in July of the same year, he was hacked and his reputation was a huge success. Currently, the currency is at 894 with a market capitalization of $ 562.462.
