Cryptocurrency might change the world, but, until then, it's a horse race. Mainly, coins are fighting to get to third place.<\/p>\n
Why it matters: Coins that get a lock in their position at the top are likely to have found what tech people call \"product-market fit.\" That is, some set of people has found them decisively useful in some way.<\/p>\n
Details: This chart looks backward from the top 10 cryptocurrencies by market cap today, and where they have stood in the CoinMarketCap rankings every summer going back to 2017.<\/p>\n
Of note: Bitcoin has always led this chart. Ethereum is solid but if you go back a little farther, it traded places with xrp a few times.<\/p>\n
Stablecoins jump out. Note the rapid ascents of tether, usd coin and binance usd. <\/p>\n
Also, note the white space to the left. Empty rankings on the chart are where once buzzy but now mostly forgotten cryptocurrencies sat when they still looked interesting. <\/p>\n
What we're watching: DOGE, crypto's comeback coin, keeps on hanging on in the rankings. Much wow!<\/p>\n
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Read the original here: Cryptocurrency might change the world, but, until then, it's a horse race. Continue reading
\nLooking back on the cryptocurrency horse race - Axios<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"