Cryptocurrencies by situation

Decoding the Decade: A Journey Through the Top Crypto Assets (2013-2023)

The situation of the main crypto assets has been changing year after year.

The year 2023 is about to end, and with a month and a half to go before it happens, I would like to take a look at the past, to see where we came from and what has been happening since then.

Hello, in this new article, I would therefore like to see the capitalization of the main cryptos, year by year, until 2022, and from there, observe how the top positions have moved.

In the following table, we can see the top 10 crypto, year by year (2013 to 2022 included).

Like everything in life, there is always evolution.

I was recently told that Ethereum has always been in second position. When it hasn’t been like that. Both LTC and XRP have also had that honor. Of course, now we are going with what seems to be the fifth consecutive year for Ethereum as the top 2 crypto.

What has not changed at the moment is seeing bitcoin, always as top 1. In the future, will someone take that honor away from it?

Top10 crypto, in history

The market situation is constantly changing, especially in the long term. If we observe the situation of the crypto market, back in 2013 and how the positions in the main top10 cryptocurrencies have been changing, we would have a general picture, quite approximate, that just because we arrive earlier, we will always be at the top.

A significant example can be seen in Litecoin (LTC), since even though it has accumulated more capitalization, others, arriving later in the world, have managed to climb higher.

Ethereum had not yet appeared in 2013 and since that year, only bitcoin and XRP remain in the top 10. The rest have either disappeared or have not achieved the success of these two mentioned cryptos.

XPM crypto

Looking at what was in the top 10 in 2013, called XPM, right now according to Coinmarketcap, it is in the top position 1289. So, appearing soon does not mean that it will be successful. Not all companies that have launched a crypto, even early, have achieved success in their capitalization, but many have had failures and others that have launched much later have been successful. The crypto world therefore moves like companies listed on the traditional stock market. It doesn’t matter when you start, but how you do it over time.

Looking to the future of bitcoin

In an article that I published almost a year ago, in December 2022, I commented on the divergence between bitcoin spot and RSI

We were then at the beginning of the end of the crypto winter, but many people had not yet realized it. It was a key moment, for the temporary future of the top1 crypto, bitcoin. And since then, it has been rising, also maintaining its privileged position, being the first.

What we have to take into account, as a learning from history, is that the top10 crypto positions will change in the future, but for now, and if no one remedies it, the future exit of the bitcoin cash ETF, as we will have to buy the underlying (bitcoin itself) from exchange-traded funds, they should continue to maintain that position, the top 1.

Diversified Portfolio

Be that as it may, in this article what I call for is reflection, that perhaps the most intelligent thing is a diversified portfolio, because what we think may be at the top today, may not be at the top in the future. Some will succeed and others will not, so a diversified portfolio will protect us against the future.

Of course, in that case, I would always have a good percentage of bitcoin, because it is always number one, maybe it always will be, or if it stops being number one, it could go down to 2, or 3, but I don’t think it will go down to position 1289 as XPM.

Remember that this is not a recommendation to buy or sell crypto assets, and that if you are not an accredited investor, you should consult with your financial advisor.

Jesús Sánchez-Bermejo