#比特币对比代币化黄金 Took a look at the 2025 cryptocurrency market cap rankings, and it feels like the entire landscape has completely solidified.



Bitcoin now has a $2.0 trillion market cap—this number alone rivals the GDP of some countries. Honestly, there’s nothing more to say; its king status is unshakable. Ethereum is still firmly in second place with $391 billion sitting there. After all, every project relies on it as the base layer, and no one can replace its ecosystem status in the short term.

The stablecoin sector is getting more interesting. Tether has hit $184 billion, and USDC is at $76 billion. Now everyone gets it—if you want to survive long in crypto, you need to "win steadily" with this kind of approach.

XRP is probably the wildest dark horse this year, surging straight to a $140 billion market cap—truly a crazy run. Then there’s BNB at $128 billion and Solana at $80 billion. The top three tiers are basically locked in.

Looking further down, I honestly didn’t expect Dogecoin ($DOGE) to still hold a $25 billion market cap, and Chainlink is right at that $10 billion threshold. BCH, Stellar, Zcash—these old coins are still hanging on, and the more they drop, the more people buy in. It’s pretty amazing.

What’s even more interesting is the wave of new faces this year—projects like Ultra, Hyperliquid, Ethena USD have all surged to market caps in the billions, showing that capital is still desperately looking for "new stories." Meme coins aren’t dead either; Pepe can still maintain a $2 billion market cap and keep rising. This market is truly surreal.

The crypto market is becoming more and more "top-heavy," with the top five taking up most of the capital. As long as new projects tell a good enough story, money will pour in. Stablecoins have shifted from being just "trading tools" to becoming "allocation assets."

The old saying still stands: Hold $BTC for the long term, see $ETH for ecosystem value, and try out 1-2 new narrative projects with a small position—at least this combo will let you sleep a bit more soundly.
BTC1.07%
ETH1.03%
USDC-0.02%
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TradFiRefugeevip
· 8h ago
Here you go brainwashing us to all in BTC and ETH again? Fine, anyway, even Dogecoin can hold a $25 billion market cap. Meme coins are still rising, which just proves this market is a game of musical chairs. Listening to you can't go wrong. With the top five monopolizing the funds, what are new retail investors supposed to do? I really didn't expect XRP to go on a rampage, but let's see how long this wave can last. Stablecoins have indeed become an asset allocation, but it just feels like buying insurance… not interesting.
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TrustlessMaximalistvip
· 8h ago
It's really unbelievable that Dogecoin can still hold up to $25 billion. The crypto landscape—if you call it stable, it is, but if you call it surreal, it's pretty surreal too. --- I'm tired of hearing about BTC's $2 trillion market cap being on par with a country's GDP. It's about time we accept reality. --- XRP really went crazy this round, but does it feel like the story is over? Where's the next dark horse? --- The concentration at the top was obvious a long time ago. The question is, how can new projects break out of the circle? --- The concept of stablecoins as allocated assets is really just the crypto world brainwashing itself. --- Testing new narratives with small positions sounds right, but most people can't tell the difference between a story and a scammer. --- Meme coins at $2 billion market cap and still rising—it's absurd. The market really has no rationality. --- Top five soaking up all the money just means small and mid-sized projects have even less of a chance. --- The talk about ETH ecosystem value is just too formulaic. Honestly, who really understands it? --- I can't figure out the logic behind these new faces like Ultra and Hyperliquid.
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BridgeTrustFundvip
· 8h ago
Really didn’t expect Dogecoin to still be holding a $25 billion market cap, especially in this day and age. XRP is on a rampage this time, the dark horse is confirmed. Using stablecoins as asset allocation actually sounds pretty wild. This is what happens with concentration at the top—new coins just tell stories to fleece retail investors. Hold BTC long-term and pair ETH with its ecosystem; this combo is definitely solid. Meme coins never die. Pepe is still pumping—unbelievable. Funds are frantically looking for new narratives. At the end of the day, it’s just a greater fool game. The top five taking the largest share has become the norm; coins further down the list are just supporting roles. Winning steadily sounds easy, but very few can actually pull it off. This market is surreal—no one can predict who the next dark horse will be.
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