Most popular Cryptocurrencies
When it comes to digital currencies, there’s a range of options out there, each with its own unique features and uses. Here’s a list of the top 10 digital currencies based on popularity, market capitalization and influence. The cryptocurrency market is known for its volatility and unpredictability. But it has also generated incredible gains for long-term investors. Crypto bulls believe the sky’s the limit for crypto prices.
1. Bitcoin (BTC)
The first and most well-known cryptocurrency, often referred to as digital gold.Bitcoin’s blockchain-based, decentralized transaction verification and public ledger system revolutionized the world of digital security. But critics have raised environmental concerns about the energy-intensive, proof-of-work consensus mechanism.
Price: $69,570.43
Market cap: $1.4 trillion
Year-over-year return: 137%
2. Ethereum (ETH)
Known for its smart contract functionality and decentralized applications (dApps). IT is the second name you’re most likely to recognize in the crypto space. The system allows you to use ether (the currency) to perform a number of functions.
Ethereum is one of the first altcoin. An altcoin is an alternative to bitcoin. The leading altcoin debuted in 2015 and ranks second to bitcoin in market capitalization.
Price: $3,373.67
Market cap: $405.6 billion
Year-over-year return: 80%
3. Tether (USDT)
Tether’s price is anchored at $1 per coin. That’s because it is what’s called a stablecoinTether is a cryptocurrency that attempts to maintain a value peg to an underlying currency such as the dollar or euro. It does this by keeping enough actual currency or equivalents in reserves that the cryptocurrency holds the same value as the fiat currency called stablecoin. Stablecoins are tied to the value of a specific asset, in Tether’s case, the U.S. Dollar. Tether often acts as a medium when traders move from one cryptocurrency to another.
Price: $1.0
Market cap: $110 billion
Year-over-year return: 76%
4. Binance Coin (BNB)
The native token of the Binance exchange, used for trading fee discounts and other purposes.BNB is the cryptocurrency issued by Binance, among the largest crypto exchanges in the world. While originally created as a token to pay for discounted trades, Binance Coin can now be used for payments as well as purchasing various goods and services.Users can use it to access discounted trading fees on the Binance.US Cryptocurrency exchange.
Price: $572.95
Market cap: $86.5 billion
Year-over-year return: 145%
5. Dogecoin (DOGE)
Originally started as a meme coin, it has gained a strong community and mainstream attention.Created in 2013, DOGE was launched as a parody of bitcoin. But dogecoin investors are dead serious about its prospects today. DOGE has become one of the most popular meme coins with several high-profile supporters.
Originally created as a joke after the run-up in Bitcoin, Dodgecoin takes its name from an internet meme featuring a Shiba Inu dog. Unlike many digital currencies limiting the number of coins in existence, Dogecoin has unlimited issuance. It can be used for payments or sending money.
Price: $0.13
Market cap: $19.4 billion
Year-over-year return: 67%
6. Ripple (XRP)
It is designed for fast and low-cost cross-border payments and has partnerships with financial institutions.Ripple is a global payments network designed for institutional use. Its native cryptocurrency is XRP. The Ripple network offers an alternative to the Society for Worldwide Interbank Financial Telecommunications. SWIFT is the traditional system used by banks and other financial institutions for international money transfers.
Ripple can be useful in cross-border transactions and uses a trust-less mechanism to facilitate payments.
Price: $0.61
Market cap: $34.1 billion
Year-over-year return: -15%
7. Solana (SOL)
Known for its high-speed transactions and lower fees, often used for decentralized finance (DeFi) and NFTs. Solana is Launched in March 2020,Solana is a newer cryptocurrency and it touts its speed at completing transactions and the overall robustness of its “web-scale” platform. The issuance of the currency, called SOL, is capped at 480 million coins.
It is Designed to compete with the ethereum network, solana’s blockchain supports smart contracts, dApps But solana’s hybrid proof-of-stake and proof-of-history verification system makes it cheaper and faster than ethereum.
Price: $190.97
Market cap: $88.7 billion
Year-over-year return: 665%
8. Toncoin (TON)
Ton is Launched in 2018, Toncoin was developed by Telegram, the encrypted messaging platform. Telegram abandoned the project, which was taken over by the TON Foundation. Toncoin’s price spiked in 2023 after Telegram announced it would integrate a TON-based wallet into its platform.
Toncoin has generated impressive bullish momentum following reports that Telegram is considering an initial public offering. A successful Telegram IPO likely wouldn’t impact TON demand. But it would significantly increase Telegram’s visibility.
Price: $6.66
Market cap: $17.0 billion
Year-over-year return: 462%
9. Cardano (ADA)
It aims to provide a more secure and scalable blockchain through a research-driven approach.is the cryptocurrency platform behind ada, the name of the currency. Created by the co-founder of Ethereum, Cardano also uses smart contracts, enabling identity management.
Cardano is a decentralized proof-of-stake blockchain that launched in September 2017. When it launched, it was designed to be more efficient than bitcoin, ethereum and other proof-of-work blockchains. Cardano immediately had credibility among crypto enthusiasts because ethereum co-founder Charles Hoskinson founded it.
Price: $0.42
Market cap: $15.0 billion
Year-over-year return: 33%
10. Avalanche (AVAX)
Avalanche went live in September 2020. Like many other cryptos, avalanche aims to become a fast, secure blockchain. The crypto is a contract platform developers can use to build dApps.Avalanche is a blockchain that was launched in 2020 and competes with Ethereum as one of the most popular blockchains for smart contracts. AVAX is the native currency of the Avalanche blockchain.
Avalanche’s chief competitor is the ethereum network. But AVAX has several unique features. For one, it’s capped at 720 million tokens.
Price: $35.07
Market cap: $13 billion
Year-over-year return: 115%
These currencies vary widely in terms of their technology, use cases, and community support, but they represent a significant portion of the digital currency ecosystem..