Categories: Ethereum

Top 6 ERC20 Tokens Ranked by Total Holders

Click here to view original web page at themerkle.com

Smart contracts play an increasing role of importance in the blockchain and cryptocurrency industry. Numerous ecosystems provide access to such services, with Ethereum still considered to be the go-to solutions. Now that over 204,000 token contracts exist on this blockchain, it has become apparent the total market cap of a token doesn’t necessarily correlate to the number of token holders.

Xenon (XNN)

Most people might not even know XENON exist. This project deems itself to be an alternative blockchain forked from EOS, yet its XNN tokens were first issued on the Ethereum blockchain through a smart contract. It is a token which generates no volume as of right now, despite there being nearly 747,000 token holders. With a market cap of $710,690, it is a matter of time until the project peters out completely. Even so, it will take some time until a different token contract surpasses the project in terms of unique token holders.

OmiseGO (OMG)

The first contender to XENON’s user base comes in the form of OmiseGO, or OMG. This public Ethereum-based financial technology has made a lot of waves lately, resulting in a market cap of just over $220 million. Its tokens also generate a decent amount of volume. Over the past 24 hours, nearly $46m worth of OMG changed hands, according to Etherscan. There are 654,482 token holders at the time of writing, which seems to confirm the distribution of OMG is relatively fair. There is still a long way to go before this project can become a top contender in any way.

VIN (VIN)

Another relatively unknown project comes in the form of VIN. As the name suggests, it is a blockchain project focusing on registering complete vehicle data in one marketplace. This will, in turn, make automotive more secure and transparent. The 478,880 token holders certainly hope VIN’s market cap will increase in the future. Right now, the entire project is valued at just $3.3 million, with $267,223 worth of tokens being traded over the past 24 hours. None of these statistics are overly impressive, but that situation can always change as more time progresses.

DATAcoin (DATA)

As the technology industry becomes more data-driven than ever before, it is not uncommon to see blockchain projects build the necessary infrastructure. DATAcoin is a currency used by the Streamr project, who are building a marketplace and decentralized network for real-time data. Despite boasting 434,836 token holders, the market cap of the project sits at just $8.37m, which is not all that impressive. It is also a token which struggles in terms of volume, as just $246,000 worth of DATA was exchanged according to Etherscan. Combined with the near 11% drop in value overnight, things are not looking overly appealing just yet.

UCASH (UCASH)

Despite seemingly generating a lot of traction when the token was initially distributed, UCASH is slowly losing traction. The vision of building a global network of building a network of users providing cash to digital conversions still needs a bit of work. Allowing people to unbank themselves sounds great on paper, but it is very difficult to pull off in the real world. Right now, the 319,051 token holders can’t be happy with the $3,779,458 market cap of this project. A recent 33% drop in token value, combined with just $426 in overall volume, seem to indicate UCASH could be running on its last legs.

Binance Coin (BNB)

Most cryptocurrency users will be aware of how Binance Coin has quickly become one of the most popular assets available today. Its current market cap of $4.38bn confirms as much. As this token exists on the Ethereum blockchain, it is interesting to see how many token holders exist today. A total of 314,220 users hold this token, which is a rather interesting figure. It is one of the few ERC20 tokens which can generate over $150m in daily volume. It is likely that figure will only continue to increase over the months to come.

Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency or digital currency.

Image(s): Shutterstock.com

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Everyone’s Worst Fears About EOS Are Proving True

The Takeaway: EOS is the world’s seventh-largest blockchain by market cap, with a value topping $3 billion since February 2019.… Read More

43 mins ago

Street Artist Makes $12,000 in Bitcoin Donations

A French street artist best known for painting lady liberty leading the yellow vests has stated he has received more… Read More

2 hours ago

Wave Financial Launches World-First Bitcoin Yield Fund: Wave BTC Income & Growth Digital Fund

LOS ANGELES, Sept. 19, 2019 /PRNewswire/ -- Wave Financial LLC (Wave), a leading asset management firm focused on digital assets,… Read More

2 hours ago

Nigerian man returns bitcoins worth $80,000

Keith Mali Chung returned Bitcoins worth $80,000 mistakenly transferred to him. A Nigerian man who found $80,000 dollar's worth of… Read More

2 hours ago

Bitcoin Surrenders Post Fed Rate Cut; Pullback Awaited

Bitcoin slipped below $10,000 on Thursday after the Federal Reserve cut benchmark lending rates by 25 basis points.The BTC/USD instrument… Read More

2 hours ago

Bitcoin Hashrate Hits All-time High as Price Dwindles

The benchmark metric of miners confidence in the Bitcoin network established its all-time high on Thursday.Hashrate, which reflects the processing… Read More

2 hours ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More