Well as the title suggests we will be looking at the currencies that could possibly overtake BTC as per the market cap rank.
BTC is the first and original cryptocurrency, which is ruling the crypto market. The market capitalization of the world's top digital currency is more than $1 trillion, which is way more than many Countries' GDP, and price per coin of more than $56,000. It is a decentralized cryptocurrency and it works on cryptography. Let us check out the next top 4 currencies that is giving first to BTC for first place.
Ethereum
Current Price -$4,012.62
price change in 24 hours = -3.65%
price change in 7 days = 22.25%
So the first contender of BTC is ethereum (ETH). It holds the second rank in the market as per the market cap value with an estimated market cap of about 470 billion USD.BTC's market cap is more than 2 time that of ETH. But it is seen as the next Bit coin. People are very interested in it and it showed great growth in the last 7 days. ETH is based on Blockchain Protocol where users don't need a third party for sending or receiving funds. It enables SmartContracts and Distributed Applications (ĐApps) to be built and run without any downtime, fraud, control, or interference from a third party.
Binance Coin
Current Price -$662.62
price change in 24 hours = -0.51%
price change in 7 days = 7.01%
Our second contender has a market cap of $101 billion. Though it is very large but is 1/10th of what BTC has. It is the token that fuels all operations on the Binance exchange. Initially, it was derived from Ethereum blockchain but now has moved to its own mainnet chain.
DogeCoin
Current Price -$0.4982
price change in 24 hours = 0.13%
price change in 7 days = -10.78%
our third contender has a market cap of $65 billion USD. It is almost 1/15th times of Market cap of BTC. Well-known meme currency usually promoted by the Elon musk also called the father of Doge. recently it has hit bottom. It has faced a downfall of 10% in just 7 days. Many copy cryptos of doge like SHIB are made that are available in the market.
Tether
Current Price -$1
price change in 24 hours = 0.02%
price change in 7 days = 0%
This currency has a market cap of $56.5 billion. It is a stable coin and it doesn't fluctuate much. It converts the cash into digital currency to replicate the value of the coin to the price of USD. Though it is not a contender to the BTC but has a market cap of 56.5 billion USD and it could even grow more depending on the supply of USD.