Nine years and nine months ago, on May 9, 2013, coinmarketcap.com recorded 14 cryptocurrency assets with an overall Bitcoin valuation of $1.24 billion and Bitcoin circulation at that time of 11.13 million. Currently, according to the site, there are 22,709 crypto assets. Additionally, the market capitalization of the crypto economy has grown significantly, increasing by 80,466% since 2013.
Evolution of the cryptoeconomy. from 14 coins to 22,709 coins
More than $1.5 trillion has been lost from the crypto economy since its peak in November 2021, yet its market capitalization has increased by more than 80,466% since 2013. coinmarketcap.com (CMC) hosted at archive.orgA snapshotshows that in 2013 there were 14 coins listed on the website. These included Bitcoin, Litecoin, Peacoin, Namecoin, Feathercoin, Terracoin, Debcoin, Freecoin, Novacoin, Chincoin, BBQcoin, Mincoin, Bitbar, and Ixcoin. the value of these crypto assets on May 9, 2013 was combined value was just over $1.32 billion.
Of course, many of these coins were forgotten and many of today’s top crypto assets, like Ethereum, BNB Coin, Solana, Cardano, Tether, USD Coin, and Avalanche, did They did not exist. Stablecoins did not exist then, but today they represent $137 billion worth of the $1.06 trillion crypto economy. on May 9, 2013,BTCwas trading at $111.87 per coin, which is much lower than it is today There were only 11.13 million BTCin circulation. BTChad only 11.13 million BTCin circulation compared to 19.3 million BTCtoday.
in 2013.The overall valuation of BTCwas $1.24 billion. Litecoin (LTC) had the second highest market capitalization with an overall valuation of $1.24 billion. At the time,LTC‘ market valuation was approximately $59.05 million, according to a CMC snapshot. Today,LTC‘s market capitalization is much larger. ‘s market capitalization is much larger at $6.79 billion. Peacoin (PPC) has a market capitalization of $5.23 million, and despite being an older coin, PPC’s market valuation is about $13.15 million today. Other coins, such as Terracoin (TRC), have not been so lucky; in May 2013, TRC’s market capitalization was $1.14 million; today it is down to $340,296. In addition, some coins have been so forgotten that they are no longer listed on coin market cap aggregation sites like CMC.
In 2013, there were only a handful of crypto exchanges, some of which were sketchy to say the least. There were few digital currency wallets, and overall, the infrastructure of the crypto economy nine years ago was a shell of what it is today. 2022 was a difficult year for the crypto sector, with many businesses collapsing from the recession. Despite the collapse and the evaporation of hundreds of billions of dollars from the
