SR021: CryptoSuper500: 3rd Edition, November 2019

CryptoSuper500: 3rd Edition, November 2019

The CryptoSuper500 tracks decentralized supercomputers that are used for cryptocurrency mining, an intensive application that has become a driver of technology development and investment decisions globally. There are now over 4000 cryptocurrencies. Most are worth relatively little, and only 13 have market caps over $1 billion. Market cap is the number of coins or tokens outstanding times the price. In an extreme illustration of the Pareto principle, two-thirds of the market cap of all cryptocurrencies combined is with Bitcoin, the premier crypto.