Historical Snapshot: Top Cryptocurrencies on 11 May 2014

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The cryptocurrency market on 11 May 2014 showcased a diverse range of digital assets, with Bitcoin dominating the landscape. Below is a detailed breakdown of the top 20 cryptocurrencies by market capitalization, along with key metrics such as price, trading volume, and percentage changes.

Top 20 Cryptocurrencies (Ranked by Market Cap)

| Rank | Name | Symbol | Market Cap | Price | Circulating Supply | 24h Volume | % 1h | % 24h | % 7d |
|------|----------------|--------|--------------------|----------|--------------------------|----------------|-------|--------|--------|
| 1 | Bitcoin | BTC | $5.59B | $438.89 | 12,757,200 BTC | $12.25M | +0.13 | -3.39 | +0.81 |
| 2 | Litecoin | LTC | $292.77M | $10.36 | 28,267,354 LTC | $2.52M | +0.02 | -3.59 | +0.52 |
| 3 | XRP | XRP | $44.98M | $0.0057 | 7,817,889,792 XRP | $120,922.96 | +0.12 | -3.40 | +14.72 |
| 4 | Peercoin | PPC | $44.20M | $2.07 | 21,391,686 PPC | $71,484.79 | -1.38 | -3.76 | -1.04 |
| 5 | Dogecoin | DOGE | $35.20M | $0.00045 | 77,153,173,504 DOGE | $480,689.88 | +0.38 | -4.33 | -2.19 |

Table continues for ranks 6–20...

Key Observations

  1. Bitcoin’s Dominance: With a market cap of $5.59B, BTC accounted for ~90% of the total crypto market capitalization.
  2. Emerging Altcoins: Litecoin (LTC) and XRP were among the early contenders, while Dogecoin (DOGE) gained traction as a meme coin.
  3. Volatility: Most assets recorded negative 24-hour price changes, reflecting typical market fluctuations.

FAQs

1. Why was Bitcoin’s price $438 in 2014?

Bitcoin’s adoption was still growing, and its price reflected early-stage market dynamics before the 2017 bull run.

2. What happened to lesser-known coins like Peercoin?

Many early altcoins faded due to lack of use cases or were superseded by more innovative projects.

3. How does this data compare to today’s market?

👉 Compare 2014 vs. 2024 crypto trends

Conclusion

This snapshot highlights the infancy of the crypto market, with Bitcoin leading and niche altcoins experimenting with utility. For contemporary insights, explore updated resources above!