#BTCPrediction November 2021, the cryptocurrency market peaked, recording a total market value close to $3 trillion, in what is known as the 'bull run' or major upward wave. This period witnessed a surge in prices and trading volumes of many cryptocurrencies, driven by institutional expansion, global interest, and extensive media support.
The highest cryptocurrencies by market value at their peak.
Based on reliable data, these were the most prominent cryptocurrencies by market value:
Bitcoin (BTC): Led the market with a market value exceeding $1.08 trillion, reaching a price high of $68,000. It accounted for about 40% of the total market.
Ethereum (ETH): Came in second with a value of $509 billion, driven by the expansion of the smart contract system and decentralized applications (dApps).
Binance Coin (BNB): Its market value exceeded $100 billion, thanks to widespread use on the Binance platform.
Solana (SOL): Experienced exceptional growth at $74 billion, due to its high performance and low fees.
Cardano (ADA): Recorded a market value of $66 billion, based on its vision for developing a scalable blockchain infrastructure.
Ripple (XRP): Despite ongoing legal issues, its value reached $60 billion, maintaining a strong institutional audience.
Polkadot (DOT): Reached $51 billion thanks to its project connecting different blockchains.
Dogecoin (DOGE): Achieved $40 billion supported by a strong community and influential figures.
Beyond the numbers.
The global interest in these currencies was not only due to their high profits but also their ability to provide new solutions in finance, smart contracts, and interconnected blockchains. This period represented a pivotal turning point in the world's view of digital assets.
