Top cryptocurrency list | 10 Most popular cryptocurrencies
Top cryptocurrency list: The most popular cryptocurrencies are those with the largest marketcaps. There are many different types of cryptocurrencies and only a small number of them are known to the world, the vast majority are still relatively unknown. Most cryptocurrencies are known by their market capitalization, a measure of the amount of money invested in them. The more popular a cryptocurrency is, the more it will likely be appreciated. In this article, we’ll explore some of the most popular cryptos. The most popular cryptocurrencies by market cap are bitcoin and Ethereum used for online transections. These are the largest by market cap and most widely used.
10 Top cryptocurrency list (25-Feb-2022)
1. Bitcoin (BTC)
The most popular top cryptocurrency list , bitcoin, is the first digital currency that is used as money on the Internet. As the world’s first digital currency, Bitcoin uses a proof-of-work algorithm to provide secure peer-to-peer transactions. The first bitcoin was created in 2009 by a man named Satoshi Nakamoto, but now there are thousands of competing cryptocurrencies. A number of them are listed on major exchanges such as Coinbase and Robinhood. Its supply/demand balance makes it a good choice for long-term investment.
Its blockchain-based technology allows for instant transactions and instantaneous payments. This cryptocurrency has been around the longest and is the most accepted. Some people consider Bitcoin to be a hedge against inflation. Its popularity has made it the most popular currency in the world, despite its volatility. And a lot of people are now getting into the crypto space. Bitcoin is the most popular cryptocurrency, with a market cap of $745,855,137,993. It is a favorite among investors and traders. Bitcoin has a maximum supply of 21 million. Currently trading at $62k, it has a market cap of $1.2 trillion.
2. Ethereum (ETH)
Ethereum launched in 2011 is the second most popular cryptocurrency having marketcap of $324,692,028,072.Its marketcap is less than half that of Bitcoin, but it’s widely considered the “next Bitcoin” because it has real world utility.
Its primary purpose is to create a decentralized suite of financial products. Its blockchain also supports smart contracts and is a blockchain platform that supports decentralised applications like smart contracts and is well-suited for creating non-fungible tokens. These applications, called Dapps, range from games to Initial Coin Offerings (ICOs), which are the equivalent of crowdfunding and IPOs. However, Ethereum’s intelligent contract platform has been replaced by other similar platforms, but the currency remains the most widely used.
Tether represented by token symbol USDT is the world first most widely adopted stablecoin that reflects the value of U.S. dollar. A Stablecoin is a cryptocurrency with non fluctuating value. You can use this stable crypto for buying all other fluctuating cryptos like bitcoin, Ethereum etc. and this crypto cannot be used as an investment to make profit. This coin is launched in 2014 by Brock Pierce, Reeve Collins and Craig Sellars. on bitcoins blockchain network and now it works on many other blockchains for transections. USDT the third large cryptocurrency by marketcap of $79,528,294,906. This crypto will be forever in the top 10 list because most people use it for buying cryptocurrencies.
4.Binance Coin (BNB)
Binance Coin is a popular utility native token of BNB chain ecosystem that you can buy and sell like other cryptocurrencies. This BNB crypto was launched in 2017 and have many use cases including paying trading fee on Binance Exchange and Binance DEX, Launching New token on BNB network, accepted as payment method online, Provide liquidity on Binance Liquid Swap.
This BNB crypto as a huge potential in short time of 4 years its value sky rocketed. At the time of launch the value of BNB coin was $0.10, in 2021 the value reached to $650. This coin has a huge potential for traders and investors.
5. USD Coin (USDC)
USD Coin is another similar stable coin like USDT launched in September 2018 by Circle and Coinbase and is ranked on number 5 based on marketcap $53,281,812,574. This stablecoin is available on Algorand, Ethereum, Hedera, Avalanche, and TRON networks. USDC is accepted by many crypto wallet like trust wallet and crypto exchanges like Binance etc. It is a source to trade other fluctuating cryptocurrencies.
6. Ripple XRP
XRP Ledger is decentralized public blockchain with low transaction costs. The XRP is on number 6 in this Top cryptocurrency list having MarketCap of $34,253,752,574.
7. Cardano (ADA)
Cardano is a BNB based environmentally Sustainable Blockchain platform launched in 2017. The token name is ADA and its value started at $0.2 and reached to $3 in 2021. This token is currently trading at $0.8687 and have great potential to rise in future.
8. Solana (SOL)
Solana is the 8th most popular cryptocurrency. It has a market cap of around $29,108,721,219 and currently trading at $89.45. Solana aims to provides decentralized Finance solutions and was initially founded in 2017 by Anatoly Yakovenko but launched in 2020. In a short period of time the project becomes very popular got position in top 10 cryptos.
The trading Price was started at $0.78 in April 2020 and making the all time high price $250 in 2021. The price of Solana is $89.45, which is looking under valued. So this project has huge potential for investors in long terms.
Terra is founded in 2018 by Do Kwon and Daniel Shin. The cryptocurrencies with stable prices are called stable coins are becoming popular but most stable coins are pegged to the US dollar neglecting the rest of the world. The terra protocol issues many stable coins each pegged to a country’s currency that helps in adoption of blockchain technology and cryptocurrency for new people. The Terra stable coins are incredibly easy to spend they can be sent anywhere instantly with very low fees and without bank limits. They have a stable coin named as UST equal to one USD and similarly for other fiat currencies.
Price of tera was $1.3 in 2019 and reached to $100 in 2021, now trading at $70. This project has a huge potential and is growing very rapidly. In the bearish market of 2022, this is the only coin which don’t fall too much and even gone against the bearish market, that shows the future power of this cryptocurrency. There is a strong possibility that this coin will replace other most popular cryptocurrencies in the above list.
10. Avalanche (AVAX)
Avalanche is a blockchain that operates using smart contracts with a focus on fast transactions small fees and doing everything as eco-friendly as possible. It allows the creation of new blockchains and apps offering scalability, interoperability and decentralization. Avalanche premises that it could manage to offer the fastest time for finishing a transaction on blockchain. In 2021 it is already sitting close to the top 10 cryptocurrencies. The avalanche network is made out of multiple blockchains and uses a proof-of-stake consensus mechanism for a high output of about 4500 transactions per second.
In the top cryptocurrency list Avalanche come on 10th number having marketcap of $19,042,262,673. The price of the Avalanche token AVAX started at $5 at the time of listing at coinmarketcap and reached to $134.
We have discussed the 10 Most popular cryptocurrencies for the year 2022 and this ranks change time to time as another alternative of a crypto is introduced with better concepts. In this 10 cryptocurrencies 2 are stablecoins and 8 are normal cryptos. If you are making any investment then it is recommended to invest in top ranked coins at good price with risk management.
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