In the world of the most popular types of cryptocurrencies, Bitcoin usually gets all the headlines. But, there are many other available cryptocurrencies too when it comes to these digital currencies. As a matter of fact, cryptos other than Bitcoin are called altcoins. Meaning, alternatives to Bitcoin. We’ll be discussing the top 10 cryptocurrencies.
Although Bitcoin, which debuted in 2009 has been the first and major cryptocurrency to hit the market. Several other cryptocurrencies have become very popular recently. Even if not fully as big as Bitcoin.
I have prepared a list of some of the most popular types of cryptocurrencies in the world today. I hope you get the information that you need from this list. This will include cryptocurrency market prices and market capitalizations.
Here is the list of the highest cryptocurrencies by the total dollar value of the coins in the market capitalization, or market cap. Data can vary depending on the value of the coin in the market in the future.
Largest cryptocurrencies by market cap – Top 10 Cryptocurrency
Top 10 Cryptocurrency in 2023
1- Bitcoin (BTC)
Market-Price = $ 24,310.99
Market cap = $469,179,897,867 billion
As the trend of the cryptocurrency era, Bitcoin is still the king of cryptocurrency in the crypto market. A mysterious creator created Bitcoin but people say it was Satoshi Nakamoto. Bitcoin debuted in 2009 in the crypto market. Since then, it’s been on a roller-coaster ride in the cryptocurrency market. Although, it wasn’t until 2017 that digital currency has risen to popular awareness. Bitcoin is one of the most famous types of cryptocurrency. Bitcoin is the trend of the crypto world, if it falls then pretty much all of the crypto markets fall. This is why it’s at the top of the top 10 cryptocurrencies.
2- Ethereum (ETH)
Market-Price = $1,285.28
Market cap = $157,259,385,142 billion
In the crypto space, Ethereum comes right after Bitcoin. This makes Ethereum the second most popular currency in the crypto market. The system lets you use the currency named ether to do several functions, but the smart contract feature of Ethereum makes it one of the most popular cryptocurrencies in the crypto space. This makes Ethereum in the top 10 cryptocurrencies in the crypto market.
3- Tether (USDT)
Current-Price = $1.00
Market cap = $67,953,956,860 billion
Tether’s price is tied up at $1 per coin. This is the reason it is called a stablecoin. Stablecoins are anchored to the value of a fixed asset. In the case of Tether’s coin, it is the U.S. Dollar. When dealers move from one cryptocurrency to another, Tether acts as a medium. Although, some people are worried that Tether is not securely supported by dollars held in reserve. But it uses a short-term form of unsafe debt.
4- USD Coin (USDC)
Market-Price = $1.00
Market cap = $49,194,126,455 billion
Similar to Tether, the USD Coin is also a stable coin attached to the dollar. So, this means that its value should not change. The founders of USD Coin say that it’s supported by completely reserved assets or those with equal fair value. These assets are locked up in accounts with regulated U.S. organizations.
5- Binance Coin (BNB)
Market-Price = $270.44
Market cap = $43,551,389,275 billion
Binance Coin(BNB) is the cryptocurrency provided by Binance, among the top crypto trades in the world. At first, Binance Coin(BNB) was introduced as a token to pay for discounted trades. But now, BNB can be used for payments and for buying different goods and services. So it is a very crucial coin for crypto markets.
6- Binance USD (BUSD)
Price = $0.9998
Market cap = $21,049,546,128 billion
Managed by the New York Department of Financial Services, Binance USD (BUSD) was launched in 2019. Backed by the dollar, Binance USD is also a stablecoin from Binance, the largest crypto exchange. They also have an association with Paxos. Binance USD (BUSD) races on top of the Ethereum blockchain.
7- Cardano (ADA)
Market-Price = $0.4303
Market cap = $14,721,124,484 billion
Cardano(ADA) was launched in 2015 by Ethereum with a co-founder by the name of Charles Hoskinson.
Cardano(ADA) is a public blockchain stand or platform. It provides peer-to-peer transactions with its inside cryptocurrency named ADA. Cardano (ADA) also uses smart contracts which enable ID management.
8- XRP
Market-Price = $0.4233
Market cap = $21,127,883,145 billion
XRP was created in 2012 and XRP was formerly known as Ripple. XRP gives a way to pay in several real-world currencies. Ripple claims to enable secure, instant, and almost free global financial transactions of any amount without any refunds. So it is a great crypto coin for users to invest in.
9- Solana (SOL)
Market-Price = $32.26
Market cap = $11,442,564,971 billion
Solana (SOL) is a newer cryptocurrency, launched in March 2020. It acclaims its speed and robustness in completing transactions and its platform web-scale.
10- Dogecoin (DOGE)
Market-Price = $0.0595
Market cap = $7,895,603,743 billion
DOGE was initially made as a joke after the run-up in Bitcoin. It is thought to be the first Meme Coin. Also, it is referred to as Dog Coin. Dogecoin (DOGE) gets its name from a meme on the internet presenting a Shiba Inu dog. Dogecoin(DOGE) has infinite issuance. So DOGE can be used to send money or payments.
11- Polkadot (DOT)
Market-Price = $6.28
Market cap = $7,060,106,651 billion
Polkadot(DOT) was launched in May 2020. Polkadot is a digital currency that joins the technology of blockchain from several other cryptocurrencies. Polkadot(DOT) was launched by one of the co-founders of Ethereum. Although, some market industry viewers believe that Polkadot is trying to overthrow Ethereum. So take consider this coin a blue chipper.
12- Dai (DAI)
Market-Price = $0.9996
Market cap = $6,901,902,134 billion
Dai is also a stable coin based on Ethereum and was launched by Dai is an Ethereum-based stablecoin issued by MakerDAO. Dai(DAI) is also linked to the value of the U.S Dollar. So Dai provides smooth crypto-collateralized loaning with the help of the Maker-Protocol. The stablecoin is accessible on many centralized and decentralized exchanges.
Risks involved in cryptocurrency investing in Top 10 Cryptocurrency
The cryptocurrency market is a bit risky to invest in if you are not willing to lose money. But it seems that the U.S government is trying to take a more active role in watching the crypto space. So, those thinking about putting money into these digital assets should not put in money that they cannot afford to lose. The Crypto market has been very unstable and intense lately. This is due to the significant change in crypto assets in 2022. So the crypto market has been crashing since reaching its peak in November 2021. Therefore, it will be highly risky for investors to invest in digital assets without knowing the marking statistics.
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