Cryptocurrency Ratings by Market CapLast Updated : 27/10/2021

Last Updated : 27/10/2021

This guide includes the 25 largest projects by market capitalisation.
We will continue to add to this guide over the coming months until we reach a total of 100 projects.
This guide will be updated and refined on a monthly basis.

Name
Type
Sector
Rating
Bitcoin BTC
Currency/Commodity
Currencies
3.2
Type

Currency/Commodity

Sector

Currencies

About

Created in 2009, Bitcoin is the first ever cryptocurrency. It introduced the concept of a decentralized currency that can be exchanged peer-to-peer without the need of a central authority or other intermediaries.

Update

China’s crackdown on mining earlier this year certainly had a negative impact in the short-term, however it did force geographical decentralisation of the hashrate which was around 65% down to around 40%, centralised in China. An advantage for Bitcoin's decentralisation.

Risk

Single person/entity (Satoshi Nakamoto) owning 1 million BTC which represents ~5% of the entire supply.

Cryptonary’s take

Bitcoin is becoming a world class Store-of-Value and a force to be reckoned with, it has embodied the term “Decentralised Money” and given back people their freedom. Nonetheless, that does not mean Bitcoin will always reign as the largest cryptocurrency by market capitalisation as there are many more with better economic models and larger addressable markets.

Rating Overview

Value Accrual
Strength of the link between project/protocol usage and token price appreciation.
(2.0)
Team & Developers
Responsiveness of the team and interest from developers.
(1.0)
Tokenomic Allocation
Was the launch of the coin/token fair? Were coins unfairly hoarded by the creators or kept equal?
(5.0)
Usage
Frequency of usage of the networks and their revenue.
(4.0)
Community
Quality of a community based on their vision and rationality. Subjective metric.
(4.0)

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