Most Popular 12 Types Of Cryptocurrencies.
Bitcoin gets all the headlines when people talk about cryptocurrencies, but when it comes to these digital currencies there are literally thousands of other options. In fact, cryptos that aren’t bitcoins are usually “run too” – called “altcoins,” or bitcoin substitutes.
While Bitcoin may be the first major cryptocurrency to hit the market – it debuted in 2009 – many others have become much more popular, even if they aren’t as big as the original.
Here are the largest cryptocurrencies by the total dollar price of existing coins, ie market capitalization, or market cap. (Data from the as of January 25, 2023.).
Biggest Cryptocurrency by Market Cap
1. Bitcoin ( BTC )
Market Cap: $457 Billion
As a harbinger of the cryptocurrency era, Bitcoin is still the typical coin when it comes to digital currency. Its mysterious creator — allegedly Satoshi Nakamoto — debuted the currency in 2009 and it’s been on a rollercoaster ride ever since. However, it wasn’t until 2017 that cryptocurrency entered popular consciousness.
2. Ethereum ( ETH )
Price: $ 1,631.08
Market Cap: $199 Billion
Ethereum — the cryptocurrency platform — is another name you are most likely to recognize in the crypto space. The system allows you to use (currency) to perform multiple functions, but the smart contract aspect of Ethereum helps make it a popular currency.
3. Teacher ( USDT )
Market Cap: $67 Billion
The teacher’s price anchor style at $1 per coin. That’s why she is called the stable queen. Stablkins are attached to a certain asset value, in the teacher’s case, the U.S. Dollar Instead of going back to the dollar, they use the teacher. However, some are concerned that the teacher is not supported by the dollars safely reserved but instead uses a short-term form of unsafe debt.
4. BNB (BNB)
Market Cap: $49 Billion
BNB is the largest cryptocurrency exchange in the world, a cryptocurrency issued by Binance. Although originally formed as a token for payment of concession trade, the Binance coin can now be used for payments as well as the purchase of various goods and services.
5. US Dollar Coins ( USDC )
Market Cap: $44 Billion
Like the teacher, the US dollar coin is a stable that points to the dollar, meaning it should not fluctuate in price. The currency’s founders say it is backed with fully secured assets, or “equal reasonable price,” and those assets are held in accounts of the regular U.S. institutions.
6. xrp xrp
Market Cap: $22 Billion
Formerly known as Ripple and formed in 2012, XRP offers a method of payment in many different real-world currencies. Ripple can prove useful in cross-border transactions and uses a reliable low-cost method for ease of payments.
7. Banance US Dollar ( BUSD )
Market Cap: $15 Billion
Binance US Dollar Paxos is a one-dollar-backed firm backed by the top crypto exchange Banance in partnership with Paxos. Binance USD was launched in 2019 and has been regulated by the New York Department of Financial Services. BUSD runs on top of Ethereum blockchain.
8. Cardano ( ADA )
Price: $ 0.3786
Market Cap: $13 Billion
Behind Cardano Ada is the cryptocurrency platform, the name of the currency. Formulated by Ethereum co-founder, Cardano also uses smart contracts, enabling identity management.
9. DOGECOIN ( DOGE )
Market Cap: $12 Billion
Originally created as a joke after run-up in Bitcoin, Dogecoin got its name from an internet meme featuring a Shiba Inu dog. Unlike many digital currencies that restrict the number of coins in existence, Dogecoin has unlimited issuance. This can be used to make payments or send money.
10. Solana ( SOL )
Price: $ 25.06
Market Cap: $ 9 Billion
Launched in March 2020, Solana is a new cryptocurrency and indicates its speed in completing transactions and the overall strength of its “web-scale” platform. The issuance of the currency, also called SOL, is closed at 480 million coins.
11. Multi-district (Matic)
Price: $ 1.01
Market Cap: $ 9 Billion
Multidistrict is a cryptocurrency that focuses on making digital apps and making Ethereum accessible to those who scale cryptocurrency. It was previously known as MATIC and formed in 2017, although it changed its name to Polygon in 2021.
12. Polka-Dot ( DOT )
Market Cap: $7 Billion
Launched in May 2020, Polkadot is a digital currency that ties blockchain technology with many different cryptocurrencies. Ethereum’s co-founder is one of Polkadot’s founders, and some industry viewers think Polkadot is wanting to date Ethereum.