What are the top 10 cryptocurrencies in 2013?

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The exponential growth and adoption of digital currencies in the real world has created numerous applications and controversies that have caught the attention of the world – especially in 2013 when the popularity of its spreading like … wildfire.

By 2018, when the total market capitalization of digital currencies has exceeded $ 200 billion, traders, new investors, and cryptocurrency enthusiasts seem to be unable to resist. sucked from this booming market.

While there is too much research focusing on the future of  Bitcoin ,  Ethereum ,  Ripple  and many other altcoins, we feel it will be more useful to compare the growth trends of the top 10 cryptocurrencies out of 5. last year so readers can draw on their remarkable advice from their development.

How cryptocurrencies evolved over time

Since its inception in 2009, Bitcoin has been superior to other cryptocurrencies. Over the years, its influence has led to the emergence of many altcoins whose trends, meanings or values ​​have been determined by Bitcoin’s rules.

Back on May 26, 2013, there were only 15 cryptocurrencies listed on coinmarketcap.com. At the time, the total market capitalization was $ 1,548,982,054.

2013 was named by Forbes as  “Year of Bitcoin” . This is the year Bitcoin has won the hearts of many investors, helping the price reach $ 1,242 per coin, while forcing the price of gold to drop to as low as $ 1,240 an ounce.

Its value soared and became a topic at discussion boards, online forums or conferences. This rapid development has led to conflicting views.

On one side, cryptocurrency is like a scam, while others find it an effective and attractive project. The truth is, both positions are convincing.

Due to the high volatility of cryptocurrency markets, there have been erratic developments in values ​​and views over the next few years.

As of September 2018, there were 1960 cryptocurrencies listed on coinmarketcap with a total market capitalization of 202.401,862,080 USD.
Top 10 cryptocurrencies in 2013

An overview of the top 10 cryptocurrencies in 2013 and their status in 2018

Bitcoin

Bitcoin began operating on January 3, 2009 when mysterious founder  Satoshi Nakamoto  received a 50 BTC reward for mining Bitcoin’s Genesis Block.

Over the ups and downs over the years, it has been widely known for its extreme volatility, high risk and “against” government and financial rules. Bitcoin is the inspiration for creating many alternative cryptocurrencies.

In 2013, its total market capitalization was only US $ 1,477,901,418 and 5 years later, in 2018, Bitcoin was still the stagnant electronic currency at No. 1 with a market capitalization of US $ 112,051,104,549. .

Litecoin

An open source peer-to-peer cryptocurrency that allows instant payments to anyone, anywhere in the world where money is accepted. It was founded by Google employee  Charlie Lee  on October 7, 2011.

It’s amazing how  Litecoin  made a 100% leap within 24 hours and peaked at $ 1 billion in market cap at the end of November 2013.

However, the second position on this list is currently held by a relatively fast growing digital currency, Ethereum. Currently, Litecoin has a market capitalization of 3,269,333,332 and is ranked as the 7th most popular cryptocurrency.

Namecoin

Namecoin is a distinct altcoin, thriving on the same proof-of-work (PoW) algorithm as Bitcoin but storing data separately from its  Blockchain  .

It was designed by Vinced on April 18, 2011, after a discussion of the hypothetical system issue called BitDNS earlier on the Bitcointalk forum in December 2010.

Although its market capitalization was valued at USD 5,306,810 in May 2013, Namecoin dropped to 155th place in the list of cryptocurrencies on Coinmarketcap by 2018, with a market capitalization of only 27,642. .053 USD.

Namecoin is now replaced by Ripple (XRP) with a market capitalization of $ 11,140,897,192.

Peercoin

Peercoin uses a combination of proof-of-work (PoW) and proof-of-stake (PoS) systems, and is the fourth largest cryptocurrency on the list in 2013.

It was created to aim to be the safest digital currency with the lowest costs, while giving users 1% of annual PPC profits to strengthen their peer-to-peer network through mining operations. .

However, the fourth most popular cryptocurrency is currently  Bitcoin Cash . It was introduced in August 2017 to upgrade the number of transactions that can be processed. The market capitalization of Bitcoin Cash is at USD 7,713,849,846.

Novacoin

Novacoin has claimed unique block creation features that support separate target limits. Developed and launched in 2013 by Balthazar, it immediately reached the top 5 cryptocurrencies in 2013 with a market capitalization of $ 1,198,172.

However, this project is almost no longer active (it is ranked at 434 by CointMarketCap) and there are signs that it is like a “scamcoin”.

Its fifth  place cryptocurrency, EOS , was launched in June 2018 after a 12-month token sale. It has rapidly grown to occupy this position on the list with a market capitalization of $ 4,841,634,744.

Terracoin

Unlike Bitcoin, Terracoin was developed with a Blockchain (in 2012) which supports improved security and faster transaction processing. As of May 2013, it has a market capitalization of approximately 919,126 USD.

However, in July of the same year, the coin was hacked and its reputation was later destroyed. The attacker has accelerated   the network’s hashrate and controlled it completely.

Terracoin is currently far from its glorious days (ranked 680 on CointMarketCap). In 6th place is now  Stellar  – the coin with a market capitalization of $ 3,890,668,768.

Devcoin

Devcoin was introduced in 2011. This is a project that aims to fund a community of developers, programmers, musicians, writers, and filmmakers. It became more popular in 2013, achieving a total market capitalization of $ 900,369, but then gradually, gradually disappeared.

As of September 2018, Litecoin, the number two currency of 2013, is still in the top 10 race, with seventh place and a market capitalization of $ 3,248,078,351.

Freicoin

Freicoin has followed Satoshi Nakamoto’s model – Blockchain proof-of-work (PoW) applied in creating Bitcoin. The project had an initial model of obligatory redistribution of coins across the network.

Freicoin achieved $ 669,208 market capitalization in 2013 but didn’t have any activity in 2018. Its 8th place is currently held by a   controversial Tether stablecoin – which has a market value. is 2,758,241,337 USD.

Feathercoin

Feathercoin started as an upgraded version of Bitcoin, derived from Litecoin and shared the same decentralized cryptocurrency Blockchain. Four months after its introduction in 2013, Feathercoin achieved a market cap of $ 658,825.

But now things are not great for this project anymore because it is standing at 314th place by CoinMarketCap ranking with a market capitalization of 10,771,187 USD. As of September 2018, the 9th coin is an open source coin called  Monero . Its market capitalization is 1,918,364,269 USD.

CHNCoin

Like Feathercoin, CHNcoin is also based on Litecoin. With a market capitalization of $ 367,573, CHNcoin made the top 10 list of cryptocurrencies in May 2013. This project has long been inactive.

Today, the 10th place cryptocurrency is  Cardano , a platform hoping to find solutions for the Blockchain industry on issues related to scalability, sustainability, and interoperability. It has a market capitalization of USD 1,775,936,145.
Top 10 cryptocurrencies in 2013

Conclude

The number of cryptocurrencies is constantly increasing and the market situation is also changing rapidly. The list of top cryptocurrencies has changed many times over the past few years, as well as the market capitalization or prices of the most popular currencies.

Although most of the top 10 cryptocurrencies of 2013 attracted a lot of attention, unfortunately most of them were not worthy of being on the list of the next 5 years.

Cryptocurrencies have a “dangerous” relationship with the FUD (fear, uncertainty and doubt) effects and FOMO (fear of being missed). FUD implies negative opinions about shared cryptocurrencies on forums and social media.

The future of cryptocurrencies is greatly influenced by government regulations in different countries. Until mass adoption of cryptocurrencies occurs, we will still have to wait and see what the world’s stance is.

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