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Author: Admin | 2025-04-28
A total of 303 days. This period significantly covers ups and downs on the cryptocurrency market. This period is relatively short for limited token data. Schellinger (2020) selected the most important coins and tokens according to market value. The first portfolio consists exclusively of coins such as Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Litecoin, Stellar, IOTA, NEO, and Dash. On the other hand, the second portfolio consists exclusively of tokens such as Tether, Golem, Augur, DigixDAO, Basic Attention Token, Gas, OmiseGO, status, populous and MaidSafeCoin. 3. Materials and MethodsAccording to Coinmarketcap (2021), the virtual currency market is made up of 4074 cryptocurrencies with a market capitalization of more than $800 billion, but only 32 virtual currencies exceed the market capitalization of more than $1 billion, namely Bitcoin (BTC), Ethereum (ETH), Tether (USDT), XRP (XRP), Litecoin (LTC), Cardano (ADA), Bitcoin (BCH), Polkadot (DOT), Stellar (XLM), Chainlink (LINK), Binance Coin (BNB), USD Coin (USDC), Wrapperd Bitcoin SV (BSV), Monero (XMR), EOS (EOS), TRON (TRX), THETA (THETA), NEM (XEM), Tezos (XTZ), Aave (AAVE), Synthetix (SNX), Uniswap (UNI), VeChain (VET), NEO (NEO), Cryptom.com Coin (CRO), Maker (MKR), DAI (DAI), UNUS SED LEO (LEO), DASH (DASH), Zcsah (ZEC) and Cosmos (ATOM) as of 13 January 2021. In general, virtual currencies are divided into coins specifically BTC, ETH, XRP, ADA, LTC, DOT, BCH, XLM, BNB, BSV, XMR, EOS, TRX, THE-TA, XEM, XTZ, VET, NEO, DASH, ATOM and ZEC and tokens namely USDT, LINK, USDC, WBTC, AAVE, UNI, SNX, CRO, MKR, DAI, and LEO. Figure 3 shows the development of market capitalization from 1 October 2017 to 13 January 2021. As can be seen, many investors concentrate on virtual currencies, this trend has been rising since April.Figure 4 shows that the TOP 10 virtual currencies according to market capacity account for almost 87%. These results are interesting
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