Bitcoin remains king of the hill in blockchain market capitalization, but alternative asset blockchains are nipping higher at bitcoin’s heels.
Non-bitcoin asset blockchains have expanded market value significantly in the last three years, jumping 1,600% while bitcoin’s market gap grew 300%, according to an analysis of coinmarketcap data by Venturebeat.
The article, written by Alex Sunnarborg, chief financial officer and co-founder at Lawnmower.io, a mobile app for investing in blockchain and bitcoin technologies, notes that the expansion of non-bitcoin assets offers investment opportunities for those looking to diversify portfolios.
Blockchain Assets Grow
The market for non-bitcoin blockchain assets totaled $92 million on April 28, 2013, while bitcoin exceeded the $1 billion cap one month earlier. The non-bitcoin blockchain market exceeded $1.6 billion on March 21, 2016. (By then, bitcoin was at $6.318 billion.)