If you observe CoinMarketCap closely, you will notice that the crypto space has undergone a humungous change in the past five years. As of date, CoinMarketCap lists over 1600 coins, which is of how far we have come in just five years.

(Just to state here, CoinMarketCap also started five years ago.)

Back in 2013, CoinMarketCap started with just seven cryptocurrencies too with limited features.

This fast-changing space is an indicator for the future.

Hence, I thought of analyzing the top 10 cryptocurrencies over the past five years so that we can have some insights for the next five.

Top 10 Cryptocurrencies Over The Last 5 Years

This is what CoinMarketCap (CMC) looked like five years ago (on 28th April 2013).

Back then CMC wasn’t even tracking the top 10. There were only 7 cryptocurrencies on the list.

But the interesting point to note here is how many cryptocurrencies from this list would you find in the top 10 of 2014 list and also today’s top 10 list.

In today’s top 10 list, you will only find Litecoin (LTC) which was also on the list 5 years ago. However, in 2014’s top 10 list, as shown below, you will see that three coins lost their place from the top 10.

Then came the bull run of Bitcoin when it had multiplied eight folds in just 12 months.

This year CoinMarketCap was thriving and listing over 80 cryptocurrencies with the top 10 being the ones shown above.

Only three cryptocurrencies made the cut from 2013 namely Bitcoin, Litecoin, and Peercoin. If you compare the 2014 list with today’s top 10 you will find only Bitcoin, Litecoin, and Ripple.

After the Mt.Gox hack in February 2014, Bitcoin prices started dwindling and reached a new low each month.

On 1st March 2015, Bitcoin’s price stood at $250 and the whole market had crashed. This is what the list of top 10 cryptocurrencies looked like in 2015:

This year’s top 10 also had major upgrades in the form of DASH, MaidSafeCoin, Stellar, and PayCoin. If you look at the current top 10 CMC list, you will only find Stellar from this list. However, Bitcoin, Litecoin, Ripple, Dogecoin etc continued to be in the top 10 in 2015 as shown in the above images.

And this way the biggest bear market of cryptocurrencies continued throughout the 2015 period.

Just like winter turns to spring, the season for an increase in the Bitcoin price came in 2016.

By this time Ethereum was also born and there were significant changes in the top 10 cryptocurrencies.

Back in February 2016, the CMC top 10 list looked like this:

And by this time Peercoin has regained some traction and was back in top 10 list. Ethereum had risen to top 5.

The year 2016 ended on a high note and Bitcoin was again in the $800-$900 range.

By February 2017, Bitcoin had crossed $1000 mark and the whole market started moving in the positive direction.

The top 10 list list looked like this:

And if you compare this list to that of 2014, you will find a huge difference Monero made its way up to the top 10 cryptos in 2017 while the Bitcoin hard fork of August 2017 gave rise to Bitcoin Cash.

The top 10 coins were shuffling a lot and many new coins and ICOs were also launched. The crypto fever had caught up again.

NEM and Augur were also added by then and the top 10 of 2017 looked totally new as only BTC, DASH, LTC and XRP made to the list.

The year 2017 saw an unprecedented growth as Bitcoin grew by more than 1900% and was selling for over $19,000 apiece.

However, the start of 2018 saw Bitcoin lose 50-60% of its value.

The CMC’s top 10 list has seen drastic changes with high coin supply coins topping the table as of today:

And if you observe closely, names like TRON, IOTA, Cardano, EOS etc that were unheard of at the start of 2017, have made it here.

The big point to note here is, ever since 2013, Bitcoin hasn’t lost its throne of being the most loved and dominant cryptocurrency of the world irrespective of the price fluctuation.

It would be naive if I don’t acknowledge that its market share has reduced significantly, but it still tops the tables.

Furthermore, there are innovations like Segwit, Atomic swaps, and Lightning networks which are helping Bitcoin in continuing its legacy.
That's it from my side, I hope you will be able to gather meaningful insights from this write-up.

Like this article? Dont forget to upvote and follow
Sources: Coinsutra