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Looking back at 2013, it is not surprising that bitcoin (BTC) was the number one among the top 10 measured by market capitalization (and about every other metric). It is a position that BTC has maintained since the first competitor – Namecoin – has been launched in 2011 to date.
The list of the other 10 best coins of five years ago includes some familiar names – but also several coins that many who have entered the cryptocurrency space in the last few years will probably never have heard of it. The first 10 coins of September 1, 2013 were Bitcoin, Litecoin, Ripple, Namecoin, Peercoin, Feathercoin, Novacoin, Primecoin, Terracoin and Infinitecoin
<img class = "center" title = "" src = "http://bravenewcoin.com/assets/Uploads/_resampled/ResizedImageWzcyMCwzOTld/Historical-Snapshot-01-September-2013.png" alt = "Historical snapshot 01 September 2013 [19659037]
Besides bitcoin , Litecoin (LTC) and Ripple (XRP) also remained part of the main cryptographic resources during their existence.Tilecoin managed to maintain its status of "silver to bitcoin gold" thanks to its active community and continuous innovation driven by its vocal creator and former Coinbase engineer, Charlie Lee Litecoin is one of the few digital currencies, alongside bitcoin, which has experienced a degree of adoption by traders thanks to fast transaction times and low rates.
Ripple kept its position and in the top 10 thanks to strong financial support and supported The investor is convinced that he will succeed in his goal of becoming the "go to" currency for interbank transfers – a sentiment that is reflected in his market capitalization of over $ 13 billion.
The fourth largest cryptocurrency of 2013 was Namecoin the first ever altcoin, which was launched in 2011. Namecoin was launched to allow the storage of blockchain data and to develop secure decentralized DNS. At that time, Namecoin (NMC) had a market capitalization of about three million dollars and traded at $ 0.57.
Namecoin has survived in the last five years (unlike many of his peers) but has fallen from the radar to investors and cryptocurrency enthusiasts – currently ranking number 181 on the capitalization chart of Brave New Coin market with a capitalization of $ 20 million and a price of $ 2.17. Compared to the yields of thousands of percent of its most successful peers, Namecoin's relatively low return of 280% over five years suggests that this project, despite its innovation, has failed to maintain investor interest.
Number five list of the best coins in 2013 was Peercoin the first cryptocurrency in the world to adopt a PoS (Proof-of-Stake) mechanism in combination with Proof- of-Work (PoW). Peercoin was launched in mid-2012 as a more scalable and energy-efficient alternative to existing digital currencies. However, he failed to attract an active community to advance the project.
At the time, Peercoin (PPC) was worth $ 0.17 and had a market capitalization of $ 3.6 million. Today, Peercoin is ranked at 125 with a market capitalization of $ 37 million and a price of $ 1.33. Similarly to Namecoin, Peercoin survived but failed to attract investors' attention
The next on the list is Feathercoin (FTC), which was launched in the April 2013 as a fork of Litecoin. Its main selling point is that it is "10 times faster than bitcoin" because of its 60 seconds of blocking and the NeoScrypt hashing algorithm. At the time the FTC had a market capitalization of $ 2.2 million and traded at $ 0.15. Since then this altcoin has fallen to the number 240 with a market capitalization of $ 11 million and trades below the 2013 level to $ 0.058.
The number seven of the top 10 coins of 2013 was Novacoin . Like Peercoin, Novacoin combines PoS and PoW to be more energy efficient than its pure Poer peers, but uses a different hashing algorithm for Peercoin. However, the differences between Peercoin and Novacoin do not seem to convince investors of the value of Novacoin. In 2013, an NVC was worth $ 3.92 and its market capitalization was $ 1.4 million. Today, Novacoin is ranked at 335, with a market capitalization of $ 5 million and a price of $ 2.17.
The eighth largest coin of 2013 was Primecoin . As the name suggests, Primecoin had something to do with prime numbers. More specifically, Primecoin (XPM) uses a job testing system that searches for prime number chains. However, the search for new prime numbers used in mathematical research was not enough to convince investors of the value of this currency.
In 2013, Primecoin had a market capitalization of $ 1 million and traded at $ 0.54. Today, a Primecoin is worth $ 0.99 and its market capitalization is $ 24 million. It is ranked No. 163 on the BNC market capitalization chart.
The number nine of the top 10 major cryptocurrencies of 2013 was Terracoin . Terracoin (TRC) was launched in 2012 to focus on speed, anonymity and user governance. However, despite its innovative features, Terracoin has failed to hold investors' attention for a long time. In September 2013, a TRC was worth $ 0.17 with a market capitalization of $ 600,000. Today, Terracoin has a market capitalization of $ 2.5 million, its price is trading at $ 0.11 and is ranked at 392.
Finally, Infinitecoin (IFC) is was the last of the first 10 cryptocurrencies starting from September 1, 2013. Launched in June 2013 as what can be described as another bitcoin clone with little innovation, September IFC was trading at $ 0.000004 and had a capitalization of market value of $ 340,000. Today, Infinitecoin is ranked at number 296 and its market capitalization is $ 7,000,000. The price of an IFC is $ 0.000078 and it seems that this project falls into the category of failed altcoins.
While these "fallen angels" do not see much interest from investors, some of them are still actively extracted, which is why they continue to see some, even if small, volumes of daily trading, even if their developer teams are no longer working actively to improve their currencies.
Top 10 cryptographic assets today
The top 10 today, consisting of Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, Tether, Cardano and Monero, becomes clear that the cryptographic asset space has come a long way.
Five years ago, altcoins were largely bitcoin clones with little more to offer than slightly faster transaction speeds and lower commissions. Today, the 10 largest most important digital resources have much more to offer, ranging from the functionality of the smart contract, to acting as transactional layers for the Internet of Things (IoT), to the enabling of anonymous payments.
The rapid change in the list of core activities suggests that those who have stood the test of time may have the potential to continue doing so and offer a more defensive addition to cryptographic portfolios. At the same time, however, the main altcoins change constantly and many projects that have been dubbed the next Bitcoin or Ethereum have fallen from the radar shortly after reaching the top 10 – Dogecoin, NEM, Omni, Steem and Nxt to name a few.
