Avalanche will be replaced by Tron in the top 10 cryptocurrencies rankings on January 1, 2025 and 2024.
The total value of the cryptocurrency market ended the year at $3.26 trillion. 2024 has been a year of shifting momentum across Bitcoin, Ethereum, and other assets, influenced by the approval of a Bitcoin spot ETF, the US election, and evolving cryptocurrency regulations.
The top 10 coins and tokens as of January 1, 2025 include most of the same coins and tokens from previous years. Avalanche was discontinued and replaced by TRON, while others like BNB and XRP traded places. The second biggest loser was Dogecoin, which fell three places from 7th to 10th.
Cryptocurrency market in early 2025
Bitcoin surpassed $100,000 for the first time last December, and experienced a rapid price surge as it gained attention after the U.S. presidential election in November. This rally pushed Bitcoin to all-time highs above $108,000, before retracements brought it closer to $93,000 later in the year.
Ethereum maintained its position as the second-largest asset, trading at around $3,300 at the end of December, giving it a market capitalization of around $400 billion.
Bitcoin dominance is close to 57%, while Ethereum’s share has fallen to around 12%. Tether maintained its position as the world’s leading stablecoin, reaching an all-time high market capitalization of $137 billion. XRP remained near $2.13, reflecting speculation about institutional adoption, while BNB hovered around $706.
Solana was trading around $190, while Dogecoin closed near $0.31 after a year of social media approval and market volatility related to Elon Musk’s new government role. USDC ranked 8th with a market capitalization of $43 billion, three times lower than Tether, Cardano ranked 9th and 10th with $0.84, and Tron was close to $0.25.
Many observers viewed 2024 as a pivotal year for digital assets, with Bitcoin rising to more than six figures and attracting the attention of retailers and institutions. There were also brief corrections during this period, with Bitcoin falling back to the $40,000 range and suppressing similar movements in several top tokens. As the broader markets continue to react to election results, monetary policy and Trump’s inauguration in January, traders are monitoring liquidity, derivatives activity and protocol upgrades to gauge potential upside.
The year ended with traders observing new highs after Bitcoin fluctuated between $100,000 and $92,000. Ethereum remains the leading smart contract platform by market capitalization, and stablecoin demand has highlighted its continued dependence on liquidity pairs. Altcoins such as XRP, BNB, Solana, Dogecoin, Cardano, and Tron each made or occupied a spot in the top 10 list.
2025 price prediction hints at Bitcoin peak. $180,000 to $200,000; According to institutional analysts. Now all eyes are on whether strategic Bitcoin holdings will be adopted when Trump takes office on January 20th, and whether the new SEC leadership will trigger a monumental altcoin season.
