Wednesday, July 23, 2014 10:39 AM EST
With a market capitalization of more than $8 billion, Bitcoin is by far the most important crypto-currency in the world.
At its current price of $621, the total supply of 13 million Bitcoins is worth more than 30 times as much as the total supply of the second largest crypto-currency, the Litecoin. CoinMarketMap tracks hundreds of virtual currencies, but none comes close to matching Bitcoins' relevancy.
Albeit still being a niche payment method, Bitcoin is slowly moving towards the mainstream as high-profile companies such as Dell have started to accept it as a legitimate payment option.
This chart shows the ten largest crypto-currencies, based on their market capitalization in July 2014.
You will find more statistics at Statista
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Great to look back to see how far the alternative crypto-currencies have come even in the last few months. Would love to read an updated article again comparing Bitcoin to the other cryptos out there. Nowadays a whole bunch of them are making waves with revolutionary developments (i.e. Blocknet, Supernet, etc.). I believe that, in the near future, a few of these altcoins have the potential to compete with and even dethrone Bitcoin.