The value and interest in cryptocurrencies has skyrocketed in the last few months. After the sudden rise in Bitcoin price people became interested in cryptocurrencies and many cryptocurrencies experienced a sudden rise in their market capitalization. Some people became millionaires and even billionaires from cryptocurrencies. Everyone knows about the ethereum youngest billionaire Vitalik Buterin who became a billionaire after a sudden rise in the market value of ethereum. Below we have some of the best cryptocurrencies on the basis of their market capitalization.
Top 10 cryptocurrencies with the highest market capitalization:
10. Uniswap
Market Capitalization: US$13.40 billion
Uniswap is also similar to Polkadot and is a decentralized crypto exchange that runs on the Ethereum blockchain process. This cryptocurrency is quite different from other cryptocurrencies because it has an owner and runs on a new automated trading model called an Automated Liquidity Protocol. This currency is covered by speculations and it is predicted that a small bug can cause major problems and issues with Uniswap. Many reports say that Uniswap is creating many problems and issues and Uniswap team is always trying to solve them.
9. Polkadot
Market Capitalization: US$19.96 billion
Polkadot receives the 9th spot in our list created in 2020 by Gavid Woods. Gavid Woods is also the co-founder of Ethereum. The currency became famous due to its plans to expand the functionality of its predecessors and maintains a mindset to build a decentralised internet. The famous cryptocurrencies Bitcoin and Ethereum process 3 transactions every second but Polkadot can process more transactions than Bitcoin and Ethereum. Recently, a Asian blockchain incubator declared a venture capital fund of $30 Million. This cryptocurrency runs on the Ethereum Blockchain process.
8. USD Coin
Market Capitalization: US$23.04 billion
USD Coin or the USDC is a very stable cryptocurrency and backed by virtual fiat currencies. It is very stable in the market to the value of $1 and you should definitely give it a try if you are a crypto investor. Recently, VISA has announced that it is planning to settle transactions in USDC and to date many cryptocurrency investors use USDC to settle and interact with DeFi ( Decentralised finance ) programs.
7. XRP
Market Capitalization: US$39.53 billion
XRP is a cryptocurrency that mainly runs on the XRP ledger. XRP ledger is a blocked chain engineered by Arthur Britto, Jed McCaleb and David Schwartz. This cryptocurrency is not performing well from the last few weeks and experienced a great fall in market value and as well as market capitalization but still it is working so that it can maintain the 7th spot in our list.
6. Dogecoin
Market Capitalization: US$41.90 billion
How much can a dog meme earn? The answer is dogecoin. Dogecoin was started after the “doge” meme got viral featuring a dog. This cryptocurrency was started in 2013 and went viral in 2016 after the Reddit page of this cryptocurrency got some popularity. After Elon Musk declared that he will leave a dogecoin on the moon in his next space mission. Dogecoin has grown the most in the last few months, even more than Bitcoin and Ethereum and one of the main reasons is Elon Musk’s Continuous tweets on Dogecoin.
5. Cardano
Market Capitalization: US$48.88 billion
Cardona has made very promising technical developments in the cryptocurrencies in the last few months and has experienced a great rise. Many crypto investors have selected Cardano as the best Altcoin to invest in. In the beginning of 2021, the market value of Cardano has grown by 10 times and the main reason for this is their advancement in crypto technology.
4. Binance Coin
Market Capitalization: US$53.39 billion
From the start of 2021, Binance Coin has experienced a drastic rise in its market value. The digital currency has proved itself as a strong competitor against Bitcoin and Ethereum. As the attraction towards cryptocurrency is increasing people have also invested in Binance Coin but that gave it a very high rise and the currency couldn’t break its peak record of $433. The breakup of Bitcoin and Elon Musk also had a bad impact on Binance Coin. Even though it is a very stable cryptocurrency and has become the fourth largest cryptocurrency in the world in terms of Market Capitalization.
3. Tether
Market Capitalization: US$62.32 billion
Tether is also a block chain cryptocurrency. It was officially released in 2014 by Tether Operations Limited. Unlike other bitcoins; Tether was designed as a stable coin and depends on real life assets and currencies. It is highly backed by major currencies like Dollar, Euro, Japanese Yen and more. Tether has captured a market capitalization of $62.32 Billion since it’s release. Recent reports tell that Tether has extended its wings towards the Avalanche blockchain.
2. Ethereum
Market Capitalization:- US$290.32 billion
Ethereum is the strongest competitor of bitcoin in the market. And it has experienced a tough fight with bitcoin from the start of 2021. Ethereum was officially released in 2015. Also it has captured a huge market in its starting years at a higher speed than Bitcoin. Ethereum also works on the block chained technology just like Bitcoin. And it is the most actively used cryptocurrency because it is considered to be more stable than Bitcoin. Summer crypto experts say that Ethereum will soon take over Bitcoin in terms of market capitalization.
1. Bitcoin
Market Capitalization:- US$615.61 billion
Everyone knows about bitcoin and bitcoin has changed the lives of thousands of people. Bitcoin is a digital currency and works on blocked chain technology without any owner or administrator. It was started on 3 January 2009 by Satoshi Nakamoto who is a Japanese. Bitcoin has a very unstable market value but still bitcoin is the synonym of cryptocurrency. After Elon Musk’s decision that Tesla will accept bitcoin, the cryptocurrencies experienced a high rise in its value; And suddenly decreased after Elon Musk declared that Tesla will not accept Bitcoin anymore. As it causes pollution because a lot of energy is required to mine bitcoin.
