The first edition of the Roundtable 100 went live this week, with analysts ranking Bitcoin ahead of Elon Musk's Tesla (Nasdaq: TSLA). Notably, Tesla holds 11,509 Bitcoin on its balance sheet.
The first edition of the Roundtable 100 went live this week, with analysts ranking Bitcoin ahead of Elon Musk's Tesla (Nasdaq: TSLA).
Notably, Tesla holds 11,509 Bitcoin on its balance sheet. Musk himself holds some Bitcoin.
Roundtable 100 analysts have placed Bitcoin at No. 94 and Tesla at No. 96.
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The rankings are based on the performance of these assets, as evaluated by the Roundtable 100 analysts.
Published with TheStreet, The Roundtable 100 ranks the top 100 publicly traded technology growth assets. Each is scored from 0 to 100 by the analysts of the Blue Ribbon Committee on five variables, Team, Safety, Value, Innovation, and Market Dominance, with the average forming the asset's Power Ranking. The list refreshes every Friday after the U.S. market close.
While Bitcoin's market cap is $1.63 trillion and Tesla's market cap is $1.49 trillion currently, the former is still a relatively niche asset in comparison to a publicly traded stock like the latter.
Nonetheless, the Roundtable 100 analysts have ranked Bitcoin above Tesla because Blue Ribbon Committee analysts rank an asset on the basis of how much room it still has to grow.
It implies that the analysts believe that Bitcoin is near its peak, but Tesla still has more potential to grow.
See the full list here.
Though Bitcoin beat Tesla, every cryptocurrency in the Roundtable 100 is ranked ahead of Bitcoin.
The NEAR blockchain network helps developers maintain decentralized applications (dApps) and high-throughput transactions. With a market cap of $2.5 billion, NEAR is the 39th largest cryptocurrency. But the Roundtable 100 analysts have ranked it at the top among all the cryptocurrencies at No. 15.
Curve Finance (CRV) is a decentralized finance (DeFi) protocol that enables the decentralized exchange trading of stablecoins. Its native token has a market cap of $578 million, making it the 98th largest cryptocurrency. But it sits at No. 17 in the Roundtable 100.
Hyperliquid (HYPE) is a blockchain and DEX built specifically for trading perpetual futures and spot assets. Its native token recently surpassed the market cap of $19 billion for the first time after President Donald Trump signaled its entry into the U.S. HYPE is the 10th largest cryptocurrency, and it sits at No. 19 in the Roundtable 100.
Ondo (ONDO) is a decentralized platform that tokenizes traditional financial assets, like U.S. government bonds and stocks. With a market cap of $1.7 billion, ONDO is the 50th largest cryptocurrency. But it sits at a much higher spot of No. 24 in the Roundtable 100.
Solana (SOL) is a high-performance blockchain network known for processing digital transactions with extreme speed and very low fees. With a market cap of $61.6 billion, SOL is the seventh-largest cryptocurrency. But the Roundtable 100 analysts have ranked it much lower at No. 56.
Polygon (POL) is a blockchain scaling and infrastructure ecosystem designed to make Ethereum-based applications and transactions faster, cheaper, and more scalable. With a market cap of $1 billion, POL is the 71st largest cryptocurrency. The Roundtable 100 analysts have placed it at No. 65.
Ethereum (ETH) is a decentralized, open-source blockchain network that allows developers to build programmable software, smart contracts, and dApps. With a market cap of around $307 billion, Ether is the second-largest cryptocurrency. But it sits at No. 71 in the Roundtable 100.
Algorand (ALGO) is a high-speed blockchain network used to build dApps. With a market cap of $853 million, ALGO is the 79th largest cryptocurrency. The Roundtable 100 analysts have ranked it at No. 72.
See the full list here.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investments are subject to market risk. Always conduct your own research before making any investment decisions.
Disclosure: RTB Digital, Inc. (NASDAQ: RTB), publisher of the Roundtable 100, is itself a ranked constituent of the index (No. 40 at launch). The Roundtable 100 is published for informational purposes only and is not investment advice, an offer, or a recommendation to buy or sell any security, commodity or digital asset. Rankings reflect the views of Roundtable analysts as of the ranking date. Investing involves risk, including loss of principal.
Related: TheStreet.com and Roundtable Launch Tech Power Rankings, “Roundtable100”
