The debates about cryptocurrencies are eternal, that if Bitcoin is the best, that if Ethereum, that if XRP or stablecoins. But really, what are the 10 most valuable tokens?
But how to measure the value of cryptocurrencies? Do we focus only on the price, or the market capitalization or the amount of token and its use? These, without a doubt, are some very interesting questions, which we will try to solve next.
What are the 10 most valuable tokens?
For the price?
We are going to start by removing variables in this equation. Do we focus on the price level?
Actually, this is only a number, although determined by supply and demand, it is still just a number. For example, we could buy 1 BTC at $ 6,700 or 49 ETH with the same amount of money, but it is only the variation in that price level that can create or destroy monetary value.
Still, these are the 10 crypts with the highest token value.
- Bitcoin (BTC) $ 6,700
- Maker (MKR) $ 302
- Bitcoin Cash (BCH) $ 228
- Bitcoin SV (BSV) $ 171
- Ethereum (ETH) $ 138
- Dash $ 66
- Monero (XMR) $ 49
- Litecoin (LTC) $ 39
- Zcash (ZEC) $ 31.87
- DigixDAO (DGD) $ 26.49
By market capitalization?
In this section we find a problem similar to the previous one. This number originates between the multiplication between the price and the quantity of existing tokens. We already discussed the price area, but what about the number of tokens?
The number of tokens is totally discretionary, it can depend on mining such as Bitcoin, or it can be a number taken out from under the gallery, as in the case of Ripple. So market capitalization too, is to some extent discretionary.
Anyway, here is the list of the 10 most valuable tokens by market cap.
- Bitcoin
- Ethereum
- Ripple
- Tether
- Bitcoin Cash
- Bitcoin SV
- Litecoin
- EOS
- Binance Coin
- Tezos
Noting that this is the hierarchy that we know best, as it is the order in which we normally see the 10 most valuable tokens in the crypto market.
However, do not despair, we still lack a variable to take into account.
By daily token trading volume?
Continuing, this value is calculated solely by the amount of money that moves every day with said crypto, it does not matter if it was a trader, or a transaction to buy a good or service, in this indicator everything is taken.
- Tether
- Bitcoin
- Ethereum
- Litecoin
- Bitcoin Cash
- EOS
- Ripple
- Bitcoin SV
- Ethereum Classic
- Paxos
Even so, this indicator does not fully demonstrate the real value of each cryptocurrency. Well, a great weight for the construction of this number is carried by traders, who through the great fickleness of cryptos, do infinite daily operations trying to earn nothing but money.
Which is the last token value measure?
Starting with defining value is one of the most difficult things to do. We can take the daily volume of daily transactions, or the total value of market capitalization, or the technology underlying crypto. But the value really is that these 10 different tokens exist in the crypto ecosystem, and a whole lot more.
However, we cannot speak that cryptocurrencies and Blockchain technology will fight. Among one of its many things, centralism if we expect Bitcoin (BTC) to be the world’s only cryptocurrency, or Ethereum, or Ripple.
The true 10 most valuable tokens will vary between each inhabitant of the cryptoverse. Either because of the innovative technology that they defend, or it can solve some problem of humanity in the future, for example as the case of IOTA.
Finally, what are your 10 most valuable tokens for you among all cryptocurrencies, do they match any of these lists?
