Blockchain market value data analysis: Non-Bitcoin blockchain market value has increased by 1,600% in the past three years

Although Bitcoin still holds the highest position in terms of total capitalization in the blockchain market, other asset blockchains are following in Bitcoin's footsteps.

According to Ventruebeat’s coinmarketcap data analysis, the market capitalization of non-Bitcoin blockchain assets has increased by nearly 1,600% in the past three years, despite the gap with the Bitcoin market increasing by 300%.

In an article written by Alex Sunnarborg, CFO and co-founder of Lawnmower.io, a blockchain and Bitcoin technology investment mobile app, the expansion of non-Bitcoin assets provides investment options for those looking to diversify their portfolios.

Blockchain asset growth

On April 28, 2013, the market capitalization of non-Bitcoin blockchain assets was $92 million, while a month earlier, Bitcoin’s market capitalization had exceeded $1 billion. On March 21, 2016, the market capitalization of non-Bitcoin blockchain assets exceeded $1.6 billion (for comparison, Bitcoin’s market capitalization was $6.318 billion).

Bitcoin accounts for almost 80% of the blockchain asset market. There are 15 blockchain assets with a market value of more than 50 million US dollars.

Bitcoin ranks first in market value

According to the list of the top 15 Bitcoin assets with the highest market capitalization, Bitcoin's market capitalization exceeded $13 billion on December 1, 2013, clearly ranking first. Apart from this, there is only one blockchain asset with a market capitalization of more than $1 billion - Ethereum, which reached a market capitalization of $1.103 billion on March 13, 2016. The third place is Litecoin, which reached $934,938,972 on December 1, 2013, about $930 million. Next is Ripple, which reached $934,938,972 on December 21, 2014, about $750 million.

On March 20, 2016, Bitcoin’s market capitalization was $6.317 billion, and its lead became more obvious, followed by Ethereum at $820 million, Ripple at $273 million, and Litecoin at $143 million.

Top altcoins

Here’s a review of the top non-Bitcoin blockchains by market cap:

Ethereum: Ethereum is a decentralized platform that runs smart contracts on a custom blockchain. Applications run according to a program without censorship, downtime, fraud or external interference. Ethereum currency ether was first sold in September 2014, with a total of more than $18 million in funds, ranking fifth in the history of crowdfunding projects.

Litecoin: Released in October 2011, Litecoin has the characteristic of reducing block running time compared to Bitcoin; Litecoin 2.5 minutes vs Bitcoin 10 minutes; Litecoin's supply of 84 million is 4 times that of Bitcoin. Litecoin uses the Scrypt proof-of-work block hashing algorithm, which is different from Bitcoin's SHA256.

Ripple: Launched by Ripple Labs in 2012, Ripple is creating a global financial settlement network consisting of system integrators, financial institutions, international payment initiators, etc., to replace the existing cross-border settlement system. Ripple's verification system is called consensus and does not require mining, so its supply structure is unique. One of the differences from Bitcoin is that Ripple can automatically trade and send all currencies.

Dash, with a current market capitalization of $37,326,845, ranks fifth. Based on the Bitcoin software, Dash claims to be a privacy-centric digital currency that offers instant transactions.

Maidsafe: Currently, the total market capitalization is $37,169,240, ranking 6th. Maidsafe develops Secure Access For Everyone (SAFE) by using the user's unused processing power, data connections and hard drive space.

The data sources of the above charts are all from Coinmarketcap.

Original article: https://www.cryptocoinsnews.com/non-bitcoin-blockchain-asset-market-cap/
By Elliot Maras
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/non-bitcoin-blockchain-asset-market-cap)