Since the advent of Bitcoin, new tokens have emerged in an endless stream and played different roles. The cryptocurrency world has become more and more complex. And even seasond investors are becoming more and more confused about the situation of the market. Not to mention those who want to enter the cryptocurrency market, they do not know where to start.
In this case, I think this cryptographic with data on March 5, 2018 can help beginners get started. Because this cryptographic shows the 25 most famous currencies in the cryptocurrency market, including their time of generation, use, market value, and trading volume. For beginners, in this complicated cryptocurrency world, it is first necessary to understand these chief currencies, as these chief currencies affect the entire cryptocurrency market to a certain extent, and compared with those emerging small currencies like Waykichain (wi cc), 0x, they are more reliable and more worth your attention.
Each circle in the graphic represents one year, which represents 2011, 2012, 2013, 2014, 2015, 2016, and 2017 from inside to outside. It can be seen from the graphic that the earliest birth is the bitcoin in the center, which is the undisputed leader in the digital currency world; In 2011, two famous cryptocurrencies were born, namely Litecoin and NMC; In 2012, ripple was launched; In 2013, the dogecoin was born; And then four cryptocurrencies such as Dash, Monroe, and Ethereum came out in 2014. Four cryptocurrencies such as IOTO, NEM, Tether and Siacoin were born in 2015. In 2016, five cryptocurrencies, such as Ethereum Classic, were born. In 2017, seven kinds of cryptocurrency, such as Bitcoin cash, were born.
When collecting data to making this graphic, the top three of these notable cryptocurrencies were Bitcoin (maket cap is 194 billion U.S. dollars), Ethereum (market cap is 85 billion U.S. dollars), and ripple coin (market cap is41 billion U.S. dollars). It is difficult to shake the position of the three giants in cryptomarket, and they still ranks in the top three now.
In addition, according to the infographic, you can see at a glance that which of the 25 kinds of cryptocurrencies are focused on, what are there uses. For example, xrp, usdt tether, xlm which are all focus on settlement networks. And ETH, QTUM, ETC which are known for their smart contracts.
However, the cryptocurrency market is unpredictable, the currency that skyrocketed yesterday may have fallen into the bottom at the moment.