Which Major Altcoins Will Still Be Top Ranking Long Term? A Historical Review of the Altcoin Market’s Past Perhaps Provides Clues – Crypto.IQ

Right now the top 21 altcoins onCoinMarketCap are:

  • Ethereum (ETH)
  • Ripple (XRP)
  • Tether (USDT)
  • Bitcoin Cash (BCH)
  • Litecoin (LTC)
  • EOS
  • Binance Coin (BNB)
  • Bitcoin SV (BSV)
  • Stellar (XLM)
  • Tron (TRX)
  • Cardano (ADA)
  • Monero (XMR)
  • LEO
  • Tezos (XTZ)
  • Chainlink (LINK)
  • Cosmsos (ATOM)
  • NEO
  • Huobi Token (HT)
  • IOTA (MIOTA)
  • Maker (MKR)
  • Dash.

The question is which of these altcoins will survive the test of time? To get an idea of what it takes for an altcoin to survive long term, it is important to look at the history of the altcoin market.

A Historical Review Of Which Major Altcoins Survived The Test Of Time

In February 2014 the altcoin market was just beginning to proliferate and diversify, with less than 100 altcoins on CoinMarketCap. Back then the list of the top 21 altcoins was almost entirely different than it is today, with Litecoin (LTC), Ripple (XRP), Peercoin (PPC), NXT, Omni, Dogecoin (DOGE), Namecoin (NMC), Quark (QRK), Bitshares (PTS), Megacoin (MEC), Worldcoin (WDC), Primecoin (XPM), Infinitecoin (IFC), Feathercoin (FTC), Novacoin (NVC), Tickets (TIX), Digitalcoin (DGC), Devcoin (DVC), Zetacoin (ZET), NetCoin (NET), and AnonCoin (ANC).

The only altcoins which were in the top 21 back in February 2014 that remain in the top 21 today are Litecoin (LTC) and Ripple (XRP). The common denominator between Litecoin (LTC) and Ripple (XRP) is they both are fundamentally unique and useful for something that is economically important in the crypto space.

Litecoin (LTC) is the first scrypt cryptocurrency, which is a variation of the proof of work (PoW) algorithm, and was initially useful among miners with GPUs who could no longer mine Bitcoin (BTC) profitably. Basically, miners could use their computers and GPU farms to profitably mine Litecoin (LTC), so a large community of miners developed around Litecoin (LTC). Scrypt mining continues to this day, except now miners use ASICs to mine Scrypt, but the concept is the same and there continues to be a large community of miners…

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