#MEMEAct November 2021 marked the peak of the cryptocurrency market, recording a total market value approaching $3 trillion, in what is known as the "bull run" or major upward wave. This period saw a surge in the prices and trading volumes of many cryptocurrencies, driven by institutional expansion, global interest, and broad media support.
The highest cryptocurrencies by market capitalization at their peak
Based on reliable data, these were the top cryptocurrencies by market capitalization:
Bitcoin (BTC): It led the market with a market value exceeding $1.08 trillion, with the price reaching a peak of $68,000. It constituted about 40% of the total market.
Ethereum (ETH): It ranked second with a value of $509 billion, driven by the expansion of smart contracts and decentralized applications (dApps).
Binance Coin (BNB): Its market value exceeded $100 billion, due to widespread use on the Binance platform.
Solana (SOL): It experienced exceptional growth with a value of $74 billion, due to its high performance and low fees.
Cardano (ADA): It 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): It reached $51 billion thanks to the project linking different blockchains.
Dogecoin (DOGE): It 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.