You can sometimes hear that Bitcoin is referred to as “Gold of the crypto currencies” (or “Crypto Gold”). Whereas Ethereum is being called “Crypto Silver“.
Why? Because these are the most established cryptocurrencies on the market.
Currently, Bitcoin’s market cap is around $400 billion. It hit $1.28 trillion when Bitcoin was at its all-time high.
Currently, Bitcoin market dominance is around 40%. This means that around 40% of all the transactions of the entire crypto market are conducted in Bitcoin!
Ethereum is the second largest, with the market cap around $162 billion. It has a market share of over 16%. Ethereum had a market cap of $571.67 billion on November 9, 2021, when it was at all-time high.
Think about it! Just Those 2 cryptocurrencies combined had a market cap of almost $2 trillion!
Countries with GDP over $2 trillion
Only 7 countries in the world have GDP that is higher than the market cap of just those two amazing cryptos!
- United States: $20.89 trillion.
- China: $14.72 trillion.
- Japan: $5.06 trillion.
- Germany: $3.85 trillion.
- United Kingdom: $2.67 trillion.
- India: $2.66 trillion.
- France: $2.63 trillion.
And it’s a tie with Italy which has a GDP of 1.89 trillion.
Since now the Merge for Ethereum is now over, and the power consumption is now reduced by 99%, and the transaction fees are reduced by over 80%, we anticipate that the market cap for Ethereum will grow considerably.
Ethereum is a major player for crypto applications, and the high transaction fees were the main bottleneck that was holding back the exponential growth of millions of crypto projects.
When the bear market is over, it’s not unreasonable to expect that Ethereum alone can hit the market cap of several trillion dollars.
What about other cryptos? There are thousands of different alt coins on the market, some of them are more valuable and investment-worthy than others.
Crypto is very volatile, so while you might want to try investing at any of them at your own risk, the cryptos with a market cap of $10 billion or higher are a safer investment.
Crypto Currencies That are Less Risky to Invest in
Excluding Tether, USDC and Binance USD which are pegged to a dollar, here is a list of cryptos that meet the market cap requirement:
Now, keep in mind, “less risky” it does not mean there is no risk. There is still risk involved. Just look at Luna that was among top 10 crypto currencies in 2021, and then it went down to ZERO. It does not happen often that the crypto with over $10 billion market cap is completely crashed. But cryptos do go down in value by 90-80% periodically.
On the other hand, there is a potential of 10X- 100X gains which rarely happens in stocks.
The current brutal bear market of 2022, which is also known as crypto winter, is coming to an end. We can see the light in the tunnel, and there is a bull market for crypto on a horizon.
We expect that the crypto market will hit bottom soon, somewhere in October 2022 (this article is written on September 29, 2022), and it will signal the beginning of the new bull market for crypto.
When it happens, it could be a great opportunity to jump in the game, and load on some crypto (not a financial advice, just our opinion, this article is written for entertainment purposes only, do your own due diligence).
If you are low on cash now due to inflation, and overall impact from current economic and political situation, including bear market in stocks and crypto, war in Ukraine, etc then you might consider another investment option.
Did you know that you can actually use part of your 401k or IRA and invest it in crypto? Yes, it can be easily done. All you need to do is rollover 401K or IRA in Crypto IRA.