With thousands of digital assets and more being added, we’re left with a very important question: which cryptocurrencies matter most to the market?
Announcing the CoinDesk 20, a group of 20 digital assets that currently make up most of what people mean when they say “the cryptocurrency market.” These assets are worth more than 90% of the entirety of the crypto market; however, valuations alone don’t tell the whole story.
Using three separate studies that analyze the veracity of trading volumes on cryptocurrency exchanges, we identified eight exchanges that appeared in all studies. As it turns out, the 20 assets on this filtered list comprise 99% of all trading volume on the eight exchanges.
So, when we asked which cryptocurrencies matter most to the market, we were left with the CoinDesk 20. |