Top 10 Cryptocurrencies – Abstract
Current Currency is a digital form of currency. Cryptocurrency is a verified transaction method. And not depends on the banks for transactions. It is used to send and receive payments anywhere in the world. It is also called pair to pair system. Its payment transaction details exist in an online database. You can change your normal currency into your cryptocurrency. Today, we use many cryptocurrencies in our life. It’s a secure method of transaction that prefer a secure digital method to send, receive, buy, sell, and transfer. It’s a bright future. It means that in the future it will become a normal method for transactions. Analysts estimate that the global cryptocurrency market will more than triple by 2030, hitting a valuation of nearly $5 billion.
List of Top 10 Cryptocurrencies
Top 10 Trending/Latest/High Value CryptoCurrencies
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- Binance Coin (BNB)
- XRP (XRP)
- Solana (Sol)
- Binance USD (BUSD)
- Cardano (ADA)
- Dogecoin (DOGE)
- Stellar (XLM)
Continue reading, you will know the brief description of each cryptocurrency and its current market value of it.
1.Bitcoin (Btc)
- Price $28,881
- Market Cap: $600 billion
Bitcoin is the world’s first cryptocurrency, which is created by Satoshi Nakamoto on 3 January 2009. Bitcoin is the first currency with its origins dating back to a white paper. and remains the first best category of cryptocurrency.
Bitcoin is the most popular and high-value currency in the world. In January 2022, Bitcoin gain the largest market cap of US$896 billion. Some exponents believe that it could replace with cash one day.
2. Ethereum (ETH)
- Price: $1,932
- Market Cap: $231 billion
Ethereum is the next platform in the crypto bunch and is also touted as bitcoin’s main competitor. Ether is the cryptocurrency that is bound to the Ethereum blockchain.
Ethereum also supports smart commitment, which are programs that run on the Ethereum blockchain and are achieved naturally when certain conditions are met.
3. Tether (USDT)
- Price: $1.00
- Market Cap: $74 billion
In cryptocurrency Tether’s price per coin is only $1. That’s why it is called the Stable coin. Tether is the type of stable coin that is designed to have a less volatile price by being linked to an external asset.
When the traders move from one cryptocurrency to another then Tether often acts as a medium. Tether’s price is almost connected to the U.S dollar. It helps the customers (users) to make easily transferred the cryptocurrency back to the U.S dollar in a shorter time. And also, it’s the easy way than actually converting.
4. Binance Coin (BNB)
- Price: $291
- Market Cap: $48 billion
Binance coin is also a utility cryptocurrency that executes as a payment method for the fees related to trading on the based exchange.
Binance coin is native to Binance, the world’s largest cryptocurrency exchange as of 2021. Binance coin cryptocurrency is issued by the Binance, among the largest crypto exchanges in the among.
5. XRP (XRP)
- Price: $0.4518
- Market Cap: $20 billion
XRP, which is on the ripple network, has been described as a “Cryptocurrency for banks” because it is made to serve the facilities of the financial services industry. It’s also for the international ways to send the payments.
XRP is the fastest between two different currencies to offer cheaper global transfers. First of all, it’s knowns as Ripple and it’s created in 2012.
6. Solana (Sol)
- Price: $50.91
- Market Cap: $18.5 billion
On March 16, 2020, Solana launched the new cryptocurrency type SOL. SOL is the native coin of the Solana platform, which execute like Bitcoin and Ethereum.
This is the result is an ultrafast blockchain capable of processing more than 50,000 transactions per second, with the ability to scale as usage of the protocol grows without relying on Layer-2 systems or sharing. This platform is especially attractive to customers looking to trade quickly.
The market cap of Solana is around about is $18.5 billion dollars.
7. Binance USD (BUSD)
- Price: $1.0025
- Market Cap: $18.5 billion
Binance USD was launched on 5 Sep 2019, BUSD aims to meld the stability of the dollar with blockchain technology. It is regulated by the New York Department of Financial Services. Binance coin is the stable coin that is created by Poxes and Binance in an effort to create a cryptocurrency backed by the US dollar.
BUSD runs on the top of the Ethereum blockchain coin. It’s the fastest Ethereum coin. The market cap of Binance USBD is $18.5 billion dollars.
8. Cardano (ADA)
- Price: $51
- Market Cap: $17 billion
Cardano is the largest platform in the cryptocurrency field. Its name is created by the co-founder of Ethereum.
The team of Cardano created its extensive experimentation. The team researchers behind the projects have written more than 130 papers on blockchain technology.
Due to this act, Cardano seems to stand out among its POS peers as well as other cryptocurrencies.
9. Dogecoin (DOGE)
- Price: $0.084
- Market Cap: $11.5 billion
Dogecoin is created in 2013 as a joke in the run-up to Bitcoin. It takes its name from an internet meme featuring a Shiba Innu dog. It is used the send and receives the payments easily.
The coin is certainly “cheap” at about $0.10 per coin as of May 11, especially compared to its 52-week high of $0.6847. But now its price is $0.84 U.S dollar.
The market cap of Dogecoin is $11.5 billion.
10. Stellar (XLM)
- Price: $1.00
- Market Cap: $3.5 billion
Stellar is a permanent protocol based on distributed ledger technology. It allows quick cross-border transactions between any pair of currencies. Most of the ways, it performs like cryptocurrencies. Stellar is one of the top 10 cryptocurrencies.
Stellar has its own payment method where they send or receive the payment very securely and quickly. The 1 Stellar is equal to the $1.00. The market cap of Stellar is $3.5 billion dollars.
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Top 10 Cryptocurrencies – Conclusion
Concluding, all these cryptocurrencies are top trending and most popular currencies. These have the highest number of mining rigs and a lot of users that are working on these currencies. The rates of these cryptos are fluctuating on daily basis. You can become an expert on each of these currencies and start your business with them.