Cryptocurrencies have taken the world by storm over the last several years, with millions now seeking to invest in digital assets like cryptocurrency. While investing in these digital currencies may offer substantial returns, knowing which are among the top ten cryptocurrencies by market capitalization can make an informed decision easier.
Market capitalization provides an estimate of a cryptocurrency’s worth and provides insight into its success. Here we explore the top 10 cryptocurrencies by market capitalization and what makes them so worthwhile – so get investing now to build up some wealth!
1) Bitcoin
Let’s kick off our list with the reigning king of cryptocurrencies, Bitcoin. Since 2009, this cryptocurrency has proven itself the most successful and valuable of them all – becoming widely traded and used for real world purposes ever since it first hit the scene back then. Millions of people use Bitcoin each day, making transactions with it an integral part of everyday life.
Bitcoin is one of the world’s most widely recognized cryptocurrencies and accepted by thousands of vendors and stores around the globe. Bitcoin currently boasts a market capitalisation of $62 Billion with each coin valued at approximately $6,145 USD.
2) Ethereum
We now move onto another popular cryptocurrency that has found success on the market: Ethereum is a blockchain-based decentralized application platform that enables applications to be built and run without downtime or third-party interference, and currently boasts a market cap of $27 Billion and value per coin of $220.
Ethereum has not only become an attractive choice among traders and investors, but is also widely utilized by governments and organizations for decentralized applications – it is an incredible example of how cryptocurrency can be utilized beyond simply financial reasons!
3) Tether
Tether, an altcoin designed to be pegged to the U.S. Dollar, allows traders and investors to profit without dealing with cryptocurrency’s inherent volatility – providing more stable options for people looking to break into crypto without the associated risks. Tether has amassed a market capitalization of $26 Billion with each token worth $0.98 in value.
Tether is an unpopular cryptocurrency that has drawn much criticism over time. Many have questioned if Tether actually holds the reserves they claim it does; nonetheless, Tether remains one of the top 10 by market capitalization and remains successful today.
4) USD Coin
USD Coin is another stablecoin designed to track the U.S. Dollar. Designed by Trust Token’s creators and managed by them as part of its widely used Trust token cryptocurrency aimed at tracking real estate values, USD Coin boasts a market cap of over $26 Billion with each token costing $0.99 in value.
USD Coin was designed as a stablecoin to offer investors an easy way to protect themselves against volatility and risk. Among traders, it is one of the safest coins available and is widely acknowledged for being extremely secure and stable in its cryptocurrency ecosystem.
5) Ripple
Ripple (XRP) is another cryptocurrency which has proven its worth over time. Ripple provides a decentralized global payment network designed to make cross-border payments simpler and faster.
Ripple currently commands a market capitalization of $21 Billion and trades for $0.38 per token on exchanges worldwide. Ripple has proved immensely valuable on the market, providing banks and other financial institutions with an easy solution for transacting international payments more quickly and efficiently. Numerous banks have adopted it, and its use is quickly growing among them.
6) Cardano
Cardano (CADN) is another immensely valuable and successful cryptocurrency that has proven itself popular and successful on the market. Cardano’s open-source blockchain network was designed specifically for running financial applications and smart contracts, and boasts a market capitalization of $19 Billion with token prices currently standing at $0.08.
Cardano is a decentralized blockchain network designed for financial institutions and other organizations looking to use blockchain technology without building their own networks from scratch. This promising decentralized blockchain network should certainly be worth keeping an eye on!
7) Binance USD
Binance USD is another stablecoin designed to be pegged to the U.S. Dollar, offering investors and traders looking for safety from volatility a more secure option.
Binance USD has amassed a market cap of $10 Billion and costs just $1.00 per token, making it one of the most sought-after stablecoins among traders and investors looking for protection from volatility and risk. Adopted by many traders and investors alike, Binance USD is widely recognized for being an effective and valuable stablecoin solution.
8) Solana
Solana, another popular blockchain network designed for real-world use cases such as machine learning and big data analysis applications, currently boasts an estimated market capitalization of $8 Billion and token prices begin at $0.06 each.
Solana is an exciting blockchain network designed for applications requiring high levels of scalability. Scalability has long been an issue in the blockchain space; Solana attempts to address it by making their network more scalable and efficient.
9) Polkadot
Polkadot, designed specifically to facilitate interoperability between other blockchains, currently boasts a market cap of $8 Billion and costs $0.11 per token. Polkadot provides an easy way for multiple blockchains to work together by exchanging information and data easily with each other.
Polkadot was designed as an inter-blockchain network to facilitate information and asset exchange among its participants.
10) Binance coin
Binance Coin BNB was initially built on the Ethereum blockchain but has since switched over to use the Binance blockchain instead. First created in 2017 as an Ethereum fork, BNB now finds many uses within Binance’s ecosystem and beyond, most notably as payment and transaction fees on Binance exchange. Much like many other centralized coins, BNB can only be acquired via official channels such as Binance exchange.
Binance Coin (BNB) is the cryptocurrency issued by Binance exchange and trades under its symbol. While BNB was initially developed from Ethereum technology, it now serves as the native cryptocurrency on Binance’s own blockchain network known as Binance Chain.
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Conclusion
Conclusion Cryptocurrencies have taken the world by storm over the last several years, and more and more people are looking into investing in digital assets such as cryptocurrencies. There can be great money made in this space; therefore, if you want to get involved it’s essential that you know which are the top 10 cryptocurrencies by market capitalization as it provides insight.
