The market value of non-Bitcoin blockchain assets has increased by 1,600% in 3 years

Rage Comment : After the emergence of Bitcoin, different types of digital currencies have emerged in the market. According to the survey report on the digital currency market value ranking, Bitcoin's market value is currently unmatched and tops the list. Its market value continues to grow, and other token currencies are also soaring. In the past three years, non-Bitcoin assets have increased by 1600%, and Bitcoin has increased by 300%. As of March 20, 2016, Bitcoin's market value is 6.317 billion US dollars; Ethereum's market value is 82,059,8600 US dollars; Ripple's market value is 27,336,2766 US dollars; Litecoin's market value is 14,375,0234 US dollars. For more introductions to altcoins, please refer to the specific content of this article.

Translation: Annie Xu

Bitcoin’s market capitalization has always been the highest among all blockchain types, but the value of alternative asset blockchains has been climbing on this basis.

According to the analysis of the digital currency market capitalization rankings, the market capitalization of non-Bitcoin asset blockchains has increased significantly in the past three years, with an increase of 1,600%; while the market capitalization of Bitcoin has increased by 300%.

The author, Alex Sunnarborg, CFO and co-founder of Lawnmower, a mobile app that invests in blockchain and bitcoin technology, says the rise in the market value of non-bitcoin assets presents opportunities for those seeking a different portfolio.

Blockchain asset appreciation

On April 28, 2013, the total market value of all non-Bitcoin blockchain assets reached $92 million; a month before that, Bitcoin's market value exceeded $1 billion. On March 21, 2016, the market value of non-Bitcoin blockchains rose to more than $1.6 billion (Bitcoin's market value was $6.318 billion during the same period).

The market value of Bitcoin assets accounts for approximately 80% of the total blockchain assets, of which 15 blockchain assets have a market value of more than 50 million US dollars.

Bitcoin ranks first in market capitalization

The 15 Bitcoin assets with the largest market capitalizations show that on December 1, 2013, the total value of Bitcoin assets exceeded $13 billion, reaching the highest point in the digital currency field; the second highest point was Ethereum, with a market capitalization of more than $1 billion, reaching $1.13 billion on March 13, 2016; Litecoin ranked third, with a market capitalization of $93,493,8972 on December 1, 2013; followed closely by Ripple, with a market capitalization of $75,602,8823 on December 21, 2014.

As of March 20, 2016, the market capitalization ranking has changed slightly: Bitcoin's market capitalization is US$6.317 billion; Ethereum's market capitalization is US$82,059,8600; Ripple's market capitalization is US$27,336,2766; Litecoin's market capitalization is US$14,375,0234.

Introduction to the Market's Leading Altcoins

Below is an overview of non-Bitcoin asset blockchains.

Ethereum is a decentralized platform that runs smart contracts according to programs on a custom blockchain, without authorization, downtime, fraud risk, or external interference.

In September 2014, Ethereum's first round of Ether sales raised $18 million, making it the fifth largest project in crowdfunding history.

Litecoin was issued in October 2011. Its characteristic is that the block running time is shorter than Bitcoin; 2.5 minutes is much shorter than Bitcoin's 10 minutes. And the number of issued coins is 4 times that of Bitcoin, reaching 84 million. Bitcoin's proof-of-work blockchain hash algorithm is SHA256, while Litecoin uses the scrypt algorithm.

In 2012, Ripple Labs issued Ripple currency, replacing the existing cross-border settlement model with a global financial settlement network, which includes system integrators, financial institutions, international payment service initiators, etc. Ripple's authentication system is called consensus, and it does not require mining, so its currency supply structure is unique. One of the differences between it and Bitcoin is that Ripple can automatically exchange and send any currency.

Dash is a currency based on the Bitcoin software, with a market value of $37326845, ranking fifth in the digital currency market. It claims to be a privacy-centric digital currency that provides instant transactions.

Maidsafe currently ranks sixth in the cryptocurrency market with a market value of $3,716,9240. It uses unused processing power, data connections and hard drive space to develop a secure access port (SAFE) available to everyone.