World is growing and the digital world is expanding. One of the Digital Currencies also known as Cryptocurrency is just phenomenal. You may have heard stories about people becoming millionaires or even billionaires from Cryptocurrency. Nowadays a crypto wave is going in the market and we don’t know which crypto is going to rise or go down. We have mentioned the Top 10 Cryptocurrency on the basis of market cap.
10. DOGECOIN (DOGE)
Started as a dog meme back in 2013 by two software engineers Billy Markus and Jackson Palmer. Dogecoin gained popularity on Reddit and then Elon Musk tweet gave dogecoin a boost and dogecoin reached its highest value till now. Unlike bitcoin and other Cryptocurrencies in the market, dogecoin doesn’t have any limit on the number of dogecoin that can be created. Dogecoin has a market cap of around $31 billion that has maintained it’s 10th spot in the crypto market.
9. USD COIN (USDC)
USDC covers the 9th spot on our list because it has a market capitalization of $35 billion dollars. USDC is decentralised and runs on Ethereum and its programmable blockchain allows developers to create a lot of apps and tokens. USDV is known to be a very stable digital currency over the years and it was formed with a vision to create a digital currency that wouldn’t see a very drastic price drop and maintain stability.
8. POLKADOT (DOT)
Explaining Polkadot is not an easy task because it is known as the multi chain of blockchain. Polkadot focuses on the problems with present Cryptocurrencies like speed and security. Polkadot has a great market cap or around $40 billion. The Polkadot chain of blockchain is dependent on Relay Chain and Parachains. Relay chain focuses on max security and Parachains focuses on speed and reduces delays in Cryptocurrencies.
7. XRP (RIPPLE)
It is one of the most stable crypto coins in the market. It has maintained its Market capitalisation and value for a long time. XRP is different from other Cryptocurrencies, XRP is the digital Cryptocurrency for the products developed by Ripple or say Ripple Labs. It works like SWIFT and it’s products are used for payments, asset exchange, and more. It offers a less complicated and more secured way for International money than others. It is used by a large network of banks and financial mediators. XRP has a market capitalization of around $50 billion and this is really insane. You can see XRP has a long term and stable cryptocurrency to invest in.
6. CARDANO (ADA)
Just like other Cryptocurrencies Cardano also works the same way to store value and send or receive funds. It was founded back in 2015 by the Co-founder of Ethereum Charles Hoskinson. Cardon is also a public blockchain platform and open source decentralised Cryptocurrency. It has an internal Cryptocurrency Ada which can facilitate peer to peer transactions. Cardano has a huge market capitalization of $60 Billion which creates a positive mindset to invest in this Cryptocurrency for a long term.
5. SOLANA (SOL)
Solana is also a decentralised blockchain which is focused on enabling user-friendly and very scalable apps for the World. It was launched in 2020 and has given investors huge returns. Standing in the 5th position with a market capitalization of around $63 Billion. Solana is also a programmable Blockchain and it has a great ability to store very tiny pieces of code also known as smart contracts.
4. TETHER (USDT)
Tether is one of the most stable cryptocurrency that maintains a equivalent amount to U.S. Dollars. Stablecoins are those which track the traditional currencies like Euro, U.S. Dollar, Japanese Yen and so on. Tether is a good investment for those who don’t like a drastic change in the value of Cryptocurrencies. It has a market capitalization of around $74 Billion and the stability of the coin allows people to use it as a medium of exchange rather than being used as a medium of investment.
Also read: Top 10 interesting uses of cryptocurrencies.
3. BINANCE COIN (BNB)
Binance is one of the largest crypto exchange platforms which is preferred by most of the investors. Binance was launched back in 2017 and its starting price was just $0.10 and as of 18 November 2021 it is valued at $564 with a very huge market capitalization of around $95 Billion. Binance coin is a form of Cryptocurrency which can be used to trade different Cryptocurrencies and pay fees on the Binance exchange platform. Now, Binance coin can also be used for booking travel tickets, payment processing and trading Cryptocurrencies.
2. ETHEREUM (ETH)
Everyone of you might have heard about Ethereum. It is the second most famous and 2nd highest Cryptocurrency by a market capitalization of around $495 Billion Dollar. When you look at the market capitalization of Ethereum then only one word comes out “WOW”. Ethereum is a Cryptocurrency and also a very popular blockchain platform. Ethereum was created by Vitalik Buterin back in the times of July 2015 and its starting price was around $1 and as of 18 November 2021 it is valued at $4,173. If you’re looking to invest in Cryptocurrency then Ethereum is one of the best options.
1. BITCOIN (BTC)
Everyone is familiar with Bitcoin and for a lot of people Bitcoin is a sort of synonym for Cryptocurrency. Bitcoin is Known as the original Cryptocurrency or say the first Cryptocurrency created back in 2009 by a programmer or say a team of programmers. The original creator is still under debate but probably Satoshi Nakamoto is thought to be the original creator of Bitcoin. Bitcoin has the largest market capitalization with a huge cap of around $1.12 Trillion. Bitcoin introduced the world to Cryptocurrency and as of 18 November 2021 its price is around $60,000. Bitcoin can be the best investment if you don’t fear from the drastic rise and drop in Cryptocurrencies.