BTC, ETH, BNB and the Rest

One of the prides and pitfalls of the cryptocurrency market is how quickly and dramatically things can change. Aside from Bitcoin and Ethereum, the relative market positions of even the largest crypto coins can turn on a dime.

Along with the recent reawakening of Bitcoin, significant price action has occurred throughout the crypto market in the past week.

Let’s check out the current standings of the top 10 biggest tokens, and spot some potential upcoming flips in market standings.

1. Bitcoin ($BTC), $479 billion Market Cap, +14% (7-day change)
2. Ethereum ($ETH), $206 billion, +13%
3. BNB ($BNB), $50 billion, +1%
4. Ripple ($XRP), $20 billion, +5%
5. Cardano ($ADA), $14 billion, 11%
6. Polygon ($MATIC), $13 billion, 21%
7. OKB ($OKB), $13 billion, 31%
8. Dogecoin ($DOGE), $12 billion, 7%
9. Solana ($SOL), $10 billion, 24%
10. Polkadot ($DOT), $9 billion, 22%

Before discussing volatility, perhaps the most striking thing about this list is the demonstrated strength of Bitcoin and Ethereum, as the two giants posted double-digit gains in the past week while boasting market caps of about $500 billion and $200 billion, respectively, together comprising 60% of the total crypto valuation.

BNB’s non-movement could be attributed to the successive volleys of FUD being launched at Binance and CEO Changpeng Zhao (CZ), mostly from the United States, countered by the promising omens of China’s potential return to the global crypto scene.

Polygon (21% increase) and OKB (31%) have been moving up the list of major coins, overtaking Dogecoin, and could threaten to pass Cardano soon, despite that coin’s own impressive growth rate of 11%.

Nipping at their heels are Solana (24%) and Polkadot (22%), with the battered-but-still-standing Solana possibly having more upside but more risk than any of the other coins on the list.

Honorable mention goes to Shiba Inu ($SHIB), with a market cap of $8 billion. The price of Shiba could move at any time, as the launch of its much-hyped L2 Shibarium could happen as soon as this week.

What will the top 10 list look like next month, or next week, or tomorrow? That’s the thing about crypto: Nobody knows!