?>

Newest Additions to the Top 100 Coins by Market Cap in Q2 2020

3.6 k views

The Innovation Uprise

Since the start of 2020, some major moves in the cryptocurrency space have highlighted its stride to maturity. Bitcoin seems to be stabilizing. Ethereum seems to be improving by the day. Several countries have initiated cryptocurrency regulation, increasing interest due to people staying at home during the pandemic.

The race to the top is on-going 24/7 because the crypto market never sleeps. The competition is cut-throat, and new alternatives keep popping up every other day. That’s why it’s almost a miracle if a project survives the first year, let alone reach the top. There are currently about 7648 coins registered on CoinGecko.com, up by almost 80% since last year. Out of the 7648, rarely do we find a token that gets attention above the Top 100 coins list. 100 is a benchmark, a rule of thumb for the market to border themselves.

That’s why it is considered prestigious for a project to be listed in the Top 100 column, thereby giving it the advantage of increased interest, increased volume, and much more.

For that reason, here is our list of the Top 4 Coins that have made the long and hard stride to the Top since January 2020.

Most Notable Entries to the Top 100 Elite Club

Synthetix Network Token – SNX

  • Current Standing: 36
  • Token Price: $2.80
  • Circulating Supply: 109,894,782
  • Market Cap: $307,376,314

The Synthetix Network, an addition to the DeFi Innovation Wave, is hoping to do just this. Synthetix was created as a DeFi project that will create synthetic virtual assets backed by a blockchain. These synthetic assets could track any other asset’s price, be it currencies, equities, bonds, commodities, or even other cryptocurrencies. If it’s something with real-world value, then the Synthetix platform will allow a synthetic asset to be created to track that asset’s price.

Synthetix offers derivatives and other synthetic assets to DeFi users, effectively providing access to a range of specialized trading strategies. Given that traditional financial markets aggregate hundreds of trillions in value, Synthetix has an expansive addressable market for tokenizing those assets on Ethereum.

The Synthetix Network features two main assets: SNX (the native token) and Synths (the synthetic assets), of which SNX token is the window for analyzing growth. Over the past year or so, Synthetix has really taken advantage of the growing interest in the Blockchain community by periodically rolling out upgrades, adding new features, and quite simply increasing the way of use. Synthetix offers derivatives and other synthetic assets to DeFi users, effectively providing access to a range of specialized trading strategies.

snx coin is the newest addition to the top 100 coins by marketcap
Source: CoinGenko

Theta Network – THETA

  • Current Standing: 43
  • Token Price: $0.2346
  • Circulating Supply:1,000,000,000
  • Market Cap: $247,865,440

The Theta blockchain is the only end-to-end infrastructure for decentralized video streaming and delivery that provides technical and economical solutions. Theta is a decentralized video delivery and Streaming Network built as a competitor to YouTube, Vimeo, etc. The Theta team’s vision is to improve the video streaming industry by introducing its own blockchain and custom-built features.

tetha made it to the top 100 cryptocurrencies by market cap
Source: Coingenko

The network functions by caching nodes to earn tokens, thus relaying video streams to other viewers. Viewers optionally earn tokens from advertisers as engagement rewards and can, in turn, gift them to favorite influencers and content creators. Advertisers fund advertising campaigns with tokens to support influencers, streaming sites, and viewers. Streaming sites can add new revenues through sales of premium goods.

It seems Theta has picked up the pace for the past year and a half. The network, owing to its dedicated developers, who have successfully boasted gains of over 180% in the span of a year.

Aave – LEND

  • Current Standing: 44
  • Token Price: $0.1812
  • Circulating Supply: 1,256,361,931
  • Market Cap: $241,410,000
aave added to the top 100 coins
Source: CoinGenko

Aave is a DeFi lending protocol that enables users to lend and borrow a diverse range of cryptocurrencies using stable and variable interest rates. Aave has seen significant growth in 2020, most of which can be tracked using Aave Watch – a tool to monitor key metrics like borrows and fees collected. In addition to the typical features seen on Compound protocols, Aave includes notable distinguishing features such as uncollateralized loans, “rate switching,” Flash Loan, and unique collateral types.

Aave offers the most diverse range of DeFi collateral of any lending protocol on the market. Backed by strong liquidity and the opportunity to protect against smart contract risk using Nexus Mutual, we’ve seen Aave carve out a significant market share in the DeFi lending market in 2020. Since the start of 2020, Aave has been in and out of the Top 100 a couple of times before finally settling on the current spot. Aave had a pretty good year so far, to say the least, rising more than 400%.

Elrond – ERD

  • Current Standing: 54
  • Token Price: $0.01205
  • Circulating Supply: 13,508,333,333
  • Market Cap: $161,848,950

elrond erd is the biggest surprize to the top 100 marketcap

Elrond is, without a doubt, the biggest gainer this year. The project has seen it all – increased community interest, the developer, commits, exchange listing, volume, and obviously, price. In essence, the Elrond Network is a public blockchain created to provide high-level scalability, interoperability, and high throughput. Over the past few months, the team has repeatedly stepped up its game by contributing to the project’s development non-stop.

Bitcoin coin symbol
Btc
Bitcoin
$62.547
price
red chart
decrease symbol0.84959%
price change
TRADE NOW

The goal is to create a decentralized network that can provide the same or better performance than centralized networks while also providing users with greater privacy. Yes, it sounds just like every other cryptocurrency, but Elrond’s difference is the founders’ approach. Owing to the dedication and increasing interest it followed, Elrond has spearheaded the market.

Previous

Top Performing Coins during the COVID-19 Pandemic

Next

WMA: Bitcoin stays loyal to its sideways trend, but altcoins rise again

Written by

186 posts

Sudarshan M is a long-time crypto-enthusiast. Pulled in by bitcoin early on, it did not take long for Sudarshan to divert all of his academic attention from business studies to the blockchain by doing his Masters and eventually pursuing his Ph.D. in the subject.

VIEW AUTHOR

More author posts

The Difference between an ‘Open-Community’ and ‘Closed-Network’ Blockchain

R3 is a consortium of about 200 firms coming together to research and develop distributed database models somewhere along Bitcoin's lines. Usually, they receive a lot of heat as they say they are researching a corporate or private model of "Blockchain" but are developing a version of Distributed Ledger Technology (DLT). This debate between a Public Blockchain and a Private Blockchain (yes, it's an oxymoron) is the center of great distress. Another such debate that hasn't reached the mainstream yet,…

How to Invest in Cryptocurrencies – 10 Must-Follow Tips

The Cryptocurrency world is filled with scams, frauds, pump-and-dump schemes, and dozens of other ways by which people can steal your money. Along with that, the excruciating volatility of the market doesn't help either. It is easy for any new investor to be scared off by an already-infested market with so many money-losing schemes. But then, don't we always say, "greater risk comes greater reward"? In still-nascent and budding markets, there are as many ways of making money as there are…

Looking for an XRP Wallet? Here are the Best Ripple (XRP) Wallets

Ripple (XRP) is a cryptocurrency project created by Chris Larsen and Jed McCaleb under Ripple Labs. It was primarily built as a digital asset to overcome several international banking problems, cross-border payments, and sourcing liquidity. As a result, XRP has remained among the top 10 cryptocurrencies by market cap since 2017. The main target audience of XRP is banks and payment providers, where the speedy settlement time can function as a liquidity source. This allows Ripple to tap new and…

The 21M Bitcoin Mystery – The Origins of Satoshi Nakamoto’s Supply Cap Decision

The Bitcoin Solution With the advent of Bitcoin came a newfound revolution - a revolution in distributed computing, decentralized organizations, and, most importantly, in the borderless medium of exchange. To many, Bitcoin represents a form of hope, a mechanism that would finally help the world get rid of centralized power and control. To others, Bitcoin was nothing more than an alternative for money. Satoshi Nakamoto, the pseudonym behind Bitcoin's creation, saw their invention as nothing more than an experiment. To…

Looking at Public Blockchains vs. Private Blockchains

Blockchain is a distributed, decentralized public ledger, which is a continuously growing list of records stored in the form of blocks. These blocks in a blockchain are connected through cryptography, which keeps the transactions' confidentiality intact. A blockchain is a time-stamped series of immutable (tamper-proof) records of data, which is not managed by a central authority but by a computer cluster. Every data shared on a blockchain is visible to all participants, and everyone is accountable for their actions. A…

Cryptocurrency Cards – Which are the Best Crypto Cards Providers?

Cryptocurrency is great, right? You buy, store, spear through the volatility, and eventually hope to accumulate profit several times greater than your initial investment. That is the plan of a large majority of cryptocurrency HODLers. But wait, is that what crypto is all about? Buy, HODL, and Sell? Wasn't cryptocurrency a global, decentralized innovation made a reality by blockchain technology? Shouldn't it be used globally by now, given its ever-increasing market interest? With the advent of Cryptocurrency Credit/Debit Cards, the…

Publish your own article

Guest post article. Guaranteed publishing with just a few clicks

START PUBLISHING ADVERTISE WITH US

Browse categories

Explore trending topics in the crypto community right now.

Bitcoin

SEC Greenlights Multiple Bitcoin ETFs, Signaling Major Leap for Cryptocurrency Markets

The U.S. Securities and Exchange Commission (SEC) has made a landmark decision by approving 11 spot bitcoin exchange-traded funds (ETFs). This move represents a significant moment in the cryptocurrency industry, marking a shift towards greater institutional adoption and accessibility for investors. The approved ETFs include products from major firms such as BlackRock’s iShares Bitcoin Trust, Grayscale Bitcoin Trust, ARK 21Shares Bitcoin ETF, Bitwise Bitcoin ETP Trust, WisdomTree Bitcoin Fund, Fidelity Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, Invesco Galaxy Bitcoin…

Bitcoin Should be Banned in the United States: Charlie Munger

Berkshire Hathaway’s vice chairman, Charlie Munger, called for a ban on cryptocurrency in the United States on Monday, similar to the one in China.  In an op-ed published with the Wall Street Journal, Munger argued that Bitcoin isn’t a currency, commodity, or security, but simply a form of gambling “ with a nearly 100% edge for the house. As such, the enactment of a federal law should ban such things from happening. Munger cited the Chinese communist party’s ban on…

Tesla’s BTC Positions Remained Unchanged in Q4 of 2022

According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…

Here’s When Grayscale Debates the SEC in Court on its Bitcoin Spot ETF

The District of Columbia Court of Appeals has marked a date for when Grayscale and the Securities and Exchange Commission (SEC) may present oral arguments regarding the approval of a Bitcoin spot ETF.  Each side will present its case at 9:30 am ET on March 7, with the SEC arguing against the product, and Grayscale arguing in favor.  Grayscale VS SEC The court date – revealed in a court order filed on Monday according to CNBC – is much earlier…

MORE ARTICLES

Ethereum

Ethereum’s Zhejiang Staking Withdrawal Testnet for Shanghai is Live

At 15:00 UTC on Wednesday, the much-anticipated Zhejiang testnet for staking withdrawal went live on Ethereum’s Beacon chain. Zhejiang will enable the testing of the Ethereum Improvement Proposal (EIP) 4895 which allows for staking withdrawals. This is in preparation for the network’s next major update, the Shanghai hard fork slated to launch sometime in March. Users Can Make Simulated Withdrawals with Zhejiang In a tweet yesterday, DevOps engineer at Ethereum foundation Barnabas Busa gave details about the Zhejiang testnet slated…

Ethereum Devs Disagree Over Technical Tweak as Shanghai Upgrade Nears

Post-merge Ethereum users have been eagerly awaiting the commencement of the network’s next major upgrade, Shanghai. However, after over 3 months of prep time, it appears the Shanghai rollout isn’t going as smoothly as expected. What Exactly is the Shanghai Upgrade? In September last year, the much-publicized Ethereum Merge also known as the Ethereum 2.0 upgrade went live. Ethereum underwent some significant changes as its consensus mechanism transitioned from proof-of-work to a cost-efficient proof-of-stake system.  However, since the Beacon launch…

FTX Hacker Converts 50k Stolen ETH to BTC

Per a report from blockchain analysis firm Chainalysis, the attacker behind the Nov 11 FTX exploit, is converting the stolen ETH to Bitcoin. There were muted fears the seemingly inexperienced perpetrator could dump all its ETH holdings. On Sunday, the attacker dumped 50k ETH on-chain, with ETH's price dipping by almost 7%.  https://twitter.com/chainalysis/status/1594349583416840199?s=20&t=pgvQHeVytI20eKQ1ls9bxw Hacker Moves 50,000 ETH to New Address Over the past week, the perpetrator had been steadily swapping the cryptocurrencies they had carted off for Ether tokens. This…

Censorship Concerns: 51% of Ethereum Blocks Now OFAC Compliant

According to new data, over half of the blocks on the Ethereum network now reportedly comply with the US Treasury OFAC’s standards. This comes roughly a month after the platform’s monumental merge update. Phasing Out Tornado Cash The Office of Foreign Assets Control is the intelligence and enforcement agency of the US  Treasury Department. Indeed, the OFAC administers and enforces US  financial sanctions. A prime example of this is the recent, highly-publicized ban on crypto mixer Tornado Cash.  According to…

MORE ARTICLES

Trading

How to Leverage Arbitrage Opportunities in Crypto Markets

Cryptocurrency arbitrage has become an increasingly popular investment strategy as the crypto market grows and evolves. Arbitrage involves taking advantage of pricing discrepancies between markets or exchanges to profit.  Investors can leverage profit opportunities by understanding cryptocurrency arbitrage while managing associated risks. In this guide, we'll explore cryptocurrency arbitrage and how it works. A Bitcoin-related example will help us illustrate the concepts of this strategy. What is Arbitrage and How Does it Work in Crypto Markets Crypto arbitrage trading is…

The Different Types of Copy Trading in Crypto

Are you interested in trading cryptocurrencies but feel intimidated by the complexity of the process? Copy trading is a great way to get into crypto without needing to be an experienced trader. With copy trading, investors can benefit from the experience and knowledge of more experienced traders, allowing even beginners to succeed. How does copy trading work, and which tips do you need to know to succeed? In this article, we'll explore all aspects of copy trading in crypto. What…

How to Spot an Unsafe Crypto Exchange

Cryptocurrency exchanges have become increasingly popular as they provide a platform for people to buy and sell digital assets. Unfortunately, not all crypto exchanges are safe or reliable.  With the rise of cybercrime and fraud, you must learn to spot an unsafe crypto exchange before investing your money. This guide will help beginners identify and avoid potential risks when selecting a cryptocurrency exchange.  The Role of Crypto Exchanges on the Digital Assets Market Cryptocurrency exchanges play a crucial role in…

What Is Grid Trading in Crypto?

Crypto grid trading has become a popular strategy because of its ability to help traders capitalize on market volatility. Grid trading means you can produce consistent profits by taking advantage of price differences in different markets or time frames. By establishing buy and sell orders at predetermined intervals, you can take advantage of these fluctuations in an automated way. This guide will explore the different aspects of grid trading and provide an overview of its benefits, challenges, and more. Through…

MORE ARTICLES

Tech

Introducing una Messenger: A Paradigm Shift in Blockchain Connectivity

The digital landscape is set for an unprecedented transformation with the introduction of una Messenger, the latest innovation from web3 development powerhouse Wemade. This platform represents an evolution of the "PAPYRUS Messenger," serving as the cornerstone of the ambitious "unagi" initiative, aimed at catalyzing the mass adoption of blockchain technology. The "Unbound Networking & Accelerating Growth Initiative" seeks to bridge the divides between diverse blockchain services and networks, heralding a new era of interconnectedness. A New Frontier in Blockchain Communication…

Bit2Me Champions WEMIX Token in Pioneering European Listing

Bit2Me, Spain's premier virtual asset exchange, has recently broadened the horizons for cryptocurrency enthusiasts by listing WEMIX, the cornerstone token of the WEMIX3.0 blockchain ecosystem. This marks a notable achievement as WEMIX's inaugural venture into the European market, emphasizing the token's role in facilitating a range of blockchain-based activities, from gaming transactions to decentralized finance (DeFi) applications. Launched with the intention to democratize access to WEMIX for the 450 million Spanish speakers around the globe, this strategic move aligns with…

CryptoVirally Expands with Fresh Crypto Marketing Offers and Cointelegraph Upgrades

In an exciting update for the cryptocurrency marketing landscape, CryptoVirally has announced a series of new entries and enhancements to its already comprehensive range of services. These updates, aimed at providing tailored marketing solutions for crypto projects, include new limited-time offers and expanded options for Cointelegraph publications. Limited Offers: A Game-Changer in Crypto Marketing  CryptoVirally's limited offers section presents an enticing opportunity for crypto projects to leverage high-impact marketing services at discounted rates. These offers, available for a limited period,…

Breaking Boundaries in Blockchain: WEMIX’s ‘una Wallet’ Sets New Standard for Multi-Chain Asset Management

The WEMIX Foundation has unveiled 'una Wallet,' a revolutionary digital wallet designed to offer unparalleled convenience and security in managing digital assets across various blockchain networks. The announcement, made on January 17, 2024, signifies a new era in the seamless integration of multiple blockchain protocols, including Arbitrum, Avalanche, BNB Smart Chain, Ethereum, Kroma, Optimism, Polygon, and WEMIX3.0. 'una Wallet' is more than just a digital wallet; it represents the culmination of WEMIX's innovative efforts in the blockchain space. It serves…

MORE ARTICLES