The top 20 cryptocurrencies make up 85.93% percent of the total market

In the crypto scene, market cap is a way to gauge a cryptocurrency's popularity and potential for growth. Calculated by multiplying the total coins in circulation by the price per coin, this figure helps assess whether a cryptocurrency is a solid choice compared to others in terms of safety and potential returns.

According to Invezz.com, the top 20 cryptocurrencies make up 85.93% percent of the total market.

In a recent analysis, researchers examined the market caps of 2,174 cryptocurrencies listed on CoinMarketCap, revealing that the top 20 tokens command a substantial 85.93% of the total market. It's worth noting that cryptocurrencies with self-reported market caps were intentionally excluded from the study.

The analysis also unveils that the top 120 cryptocurrencies account for a staggering 93.07% of the total market.

Within this landscape, Bitcoin emerges as the leader, capturing a significant 49.11% of the market share, followed by Ethereum with 16.50%.

These are the top 20 cryptocurrencies ranked by their total value in circulation, known as market capitalization. It's not a suggestion on what to buy or avoid; rather, it's a list of the most significant projects by market capitalization. It gives you an overview of the landscape before making decisions about investing in crypto:

Rank	Cryptocurrency	Market cap percentage
1	Bitcoin	49.11%
2	Ethereum	16.50%
3	Tether USDt	6.00%
4	BNB	2.34%
5	XRP	2.20%
6	USDC	1.66%
7	Solana SOL	1.59%
8	Cardano	0.91%
9	Dogecoin	0.76%
10	TRON	0.63%
11	Toncoin	0.55%
12	Chainlink	0.54%
13	Avalanche	0.50%
14	Polygon	0.47%
15	Polkadot	0.44%
16	Wrapped Bitcoin	0.41%
17	Dai	0.36%
18	Litecoin	0.35%
19	Shiba Inu	0.33%
20	Bitcoin Cash	0.29%

Market analyst for Invezz, Crispus Nyaga commented on the findings: