How These 5 New Crypto Bagged $50 Billion In Market Value In Less Than A Week

Crypto developers seem to be unfazed by the bearish market as they continue to introduce new altcoins or tokens into the space. It is because of this that digital currency price and information data platform CoinGecko is now tracking 13,201 cryptocurrencies. Despite the bloody month of September for most cryptos, the collective market capitalization of these digital assets is currently valued at $986 billion. As expected, Bitcoin and altcoin king Ethereum, continue to assert their dominance as they account for 38% and 16.3%, respectively, of the total crypto market cap. But while these two pack leaders seem to always be on the limelight, there are other lesser known digital tokens that have just joined the stack. Related Reading: SushiSwap: Deciphering How SUSHI Is Posting Unparalleled Price Growth Crypto Quintet Accounts For $50 Billion MC Just this October 7, four days after their initial listing, five new cryptocurrencies accounted for a total market capitalization of $50.75 billion. These “new entrants” didn’t have to wait for a long time to make a loud noise enough to turn heads in the ever-growing crypto sphere. Among the five, RIMAUNANGIS (RTX) led the way with its $27.8 billion market cap. At press time, tracking from CoinMarketCap shows the NFT-centered digital asset was trading at $13.89. GOLCOIN (GLC) and Joystick (JOY) ranked 2nd and 3rd with their fully diluted total value of $17.8 billion and $3.29 billion, respe...