DAN: Crypto market caps are a measure of the total value of all the cryptocurrencies in circulation. In 2013, the top ten cryptocurrencies by market cap were Bitcoin, Ripple, Litecoin, Namecoin, Peercoin, Dogecoin, Auroracoin, Mastercoin, Megacoin, and Primecoin.
Bitcoin is still successful today because it was the first cryptocurrency to gain widespread adoption and has the most robust infrastructure. It has the most users, the most miners, and the most developers. It also has the most liquidity, meaning it is the easiest to buy and sell. Additionally, Bitcoin has the most merchant acceptance, meaning it is the most widely accepted form of payment. Finally, Bitcoin has the most brand recognition, meaning it is the most well-known cryptocurrency. All of these factors have contributed to Bitcoin’s success and have allowed it to remain the top cryptocurrency by market cap.
DAN: It looks like Bitcoin is the only cryptocurrency that has been able to remain successful since 2013. This could be due to its decentralized nature, its secure blockchain technology, and its ability to be used as a store of value. Additionally, Bitcoin has been around for a long time and has a large user base, which could be another factor in its success.