How will the TOP 10 change in 2021?

Jun 25, 2020 16:32

Ryan Selkis, CEO of crypto analytics firm Messari, has said that the current list of the top 10 cryptocurrencies by market capitalization could change dramatically next year, posting a potential list for next year on his Twitter account .

Selkis believes that a number of small- and mid-cap coins have the potential to break in and displace the entrenched assets that have dominated the list for the past few years. These assets include XRP, Bitcoin Cash (BCH), Tether (USDT), Bitcoin SV (BSV), Litecoin (LTC), and EOS (EOS).

https://coinmarketcap.com/
https://coinmarketcap.com/

Messari CEO expects Cardano (ADA) project to become fifth-largest digital asset by 2021.

Selkis highlighted the benefits of Binance Coin (BNB) with a quality product and which is in constant demand. The coin could move from eighth to fourth place by capitalization. After that, he added that Cardano (ADA) and Tezos (XTZ) could take fifth and sixth place. ADA currently closes the top ten on the CoinMarketCap list, Tezos is in 12th place. The projects have great potential to rise to the top of the list, as they have an improved Proof-of-Stake protocol and are leaders among decentralized blockchain platforms on smart contracts.

The 7th and 8th places will be occupied by the Bitfinex UNUS SED LEO (LEO) token and the decentralized finance protocol Compound (COMP). The privacy coins Monero (XMR) and Zcash (ZEC) complete the ninth and tenth places.

Furthermore, the two largest cryptocurrencies will continue to be on their thrones, with Bitcoin (BTC) continuing to dominate the market, and Ethereum (ETH) more confidently securing second place.

As for the third spot, Chief Messari expects that the Polcadot (DOT) project, which has not yet been officially launched, could prove to be a competitor and take some of Ethereum's market share.

“Polkadot is one of the most well-funded and well-known Ethereum competitors in the race to become the leader. It now joins Solana, NEAR, and Celo as smart contract platforms that have launched beta networks or candidate chains since the beginning of the year. With at least seven more networks scheduled to launch this year, the market for ‘Ethereum killers ’ is becoming increasingly crowded ,” the company’s top executive said.