The sheer number of cryptocurrencies available, from the two largest (Bitcoin and Ethereum) to lesser-known tokens like Dogecoin and Tether, might be confusing to those new to the space. These are the top 10 cryptocurrencies on the market based on their market capitalization, which is the total worth of all the coins that are currently in circulation. Hopefully, this will help you find your bearings in the cryptocurrency world.
Table of Contents
1. Bitcoin (BTC)
Market cap: Over $846 billion
Bitcoin (BTC), the first cryptocurrency ever created, was released in 2009 under the guise of a pseudonym known as Satoshi Nakamoto. Bitcoin, like the majority of cryptocurrencies, is run on a blockchain, which can be thought of as a ledger that logs transactions and is distributed across a network of thousands of computers. Bitcoin is maintained secure and protected from fraudsters thanks to a mechanism known as proof of work, which requires the solution of a cryptographic puzzle before any updates to the distributed ledgers can be validated.
As more people are aware of bitcoin and its existence, its price has risen. In May of 2016, the price of a Bitcoin was about equivalent to $500. As of March 1 of the year2022, the price of a single Bitcoin was higher than $44,000. That equates to almost 7,800% gain.
2. Ethereum (ETH)
Market cap: Over $361 billion
Ethereum, a cryptocurrency and blockchain platform, is a favorite among program developers due to the numerous applications that could be built on top of it. These applications include so-called “smart contracts,” agreements that automatically carry out their terms when certain conditions are satisfied (NFTs).
Ethereum has also seen enormous growth over the past several years. Its price increased by more than 27,000% during three years, from approximately $11 to over $3,000, commencing in April 2016 and ending at the beginning of March 2022.
3. Tether (USDT)
Market cap: Over $79 billion
Tether is an example of a stablecoin, which differs from other kinds of cryptocurrency in that it is supported by fiat currencies such as the U.S. dollar and the Euro. It theoretically maintains a value equivalent to one of those denominations. Because of this, the value of Tether is thought to be more stable than the value of other cryptocurrencies; hence, investors who are concerned about the high degree of volatility exhibited by other coins choose Tether.
4. The Binance Coin (BNB)
Market cap: Over $68 billion
You may trade and pay fees on Binance, one of the largest cryptocurrency exchanges in the world, using a form of cryptocurrency known as the Binance Coin.
Since its release in 2017, Binance Coin has become more than just a way to trade on Binance’s exchange platform. Trading, processing payments, and even scheduling trip plans are now all possible uses for the platform. Additionally, it may be bought or swapped for other types of cryptocurrency, such as Ethereum or Bitcoin, amongst other cryptocurrencies.
The cost of BNB was only $0.10 per share in 2017. As of March 2022, its price had increased to roughly $413, representing a gain of approximately 410,000%.
5. XRP (XRP)
Market cap: Over $37 billion
XRP, which can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies, was developed by some of the same founders of Ripple, a digital technology and payment processing company. Ripple was established by a group of individuals who shared a common interest in developing innovative financial technologies.
Beginning in January of this year, the price of XRP was $0.006. As of March 2022, its price had reached $0.80, representing an increase of more than 12,600%.
6. Terra (LUNA)
Market cap: Over $34 billion
Terra is a blockchain-based payment mechanism for stablecoins that is predicated on maintaining a stable equilibrium between two distinct types of cryptocurrency. Stablecoins backed by the value of Terra, such as the TerraUSD, is pegged to the value of fiat currencies. Luna, the platform’s counterweight, provides electricity to the Terra platform and is used to produce additional Terra stablecoins.
Terra stablecoins and Luna work together according to supply and demand to achieve the following: When the price of a stablecoin increases above the value of the currency to which it is tied, users are encouraged to burn their Luna to generate more of the corresponding Terra stablecoin. Users are encouraged to burn their Terra stablecoins to mint more Luna when the value of Luna decreases in comparison to its base currency. The value of Luna will increase in tandem with the rate of platform acceptance for Terra.
Since the price of Luna was $0.64 on January 3, 2021, it has increased by more than 14,200%, reaching $92 by the beginning of March 2022.
7. Cardano (ADA)
Market cap: Over $33 billion
Cardano is famous for its early use of proof-of-stake validation, even though it arrived on the cryptocurrency landscape somewhat later than other cryptocurrencies. By removing the competitive and problem-solving aspects of transaction verification included in platforms like Bitcoin, this solution reduces energy usage and the impact on the environment, which speeds up the transaction time. Cardano functions similarly to Ethereum, enabling smart contracts and distributed apps. These applications are fueled by ADA, the network’s native coin.
The growth of Cardano’s ADA token, in comparison to that of other prominent cryptocurrencies, has been very moderate. The cost of an ADA token was $0.02 in 2017. As of March 1, 2022, the cost was $0.99. An increase of this magnitude is 4,850 percent.
8. Solana (SOL)
Market cap: Over $33 billion
Solana was designed to help fuel decentralized financial (Defi) usage, decentralized apps (DApps), and smart contracts. It operates on a one-of-a-kind hybrid proof-of-stake and proof-of-history mechanism, which enables it to execute transactions rapidly while retaining a high degree of security. The platform itself is powered by SOL, Solana’s native coin.
The price of SOL began at $0.77 when it was first offered to the public in 2020. By March 1, 2022, its price had increased to roughly $101, representing a gain of nearly 13,000%.
9. Polkadot (DOT)
Market Cap: Over $22 billion
Polkadot (DOT) is a one-of-a-kind blockchain interoperability protocol established in 2016 and is geared toward connecting multiple chains. It also enables the exchange of data and the processing of transactions for parachains, often known as parallel blockchains, without jeopardizing the security of those chains. Using the Polkadot security protocol, developers can design their very own blockchains.
Polkadot was invented by Gavin Wood, one of Ethereum’s primary founders. DOT does not have a strict cap on the total supply amount is one of its most exciting features. Instead, a brand new token is put into circulation at regular intervals.
The price of Polkadot reached its peak in May 2020 at $6.30 and then reached an all-time high of $55.11 the following year in May 2021.
10. Litecoin (LTC)
Market Cap: Over $9 billion
Charlie Lee, a former software developer for the cryptocurrency exchange Coinbase, devised the Litecoin (LTC) blockchain project, which was released as open source in 2011. It is one of the first cryptocurrencies, and its coding is based on Bitcoin. It is designed to have a quicker transaction confirmation time than Bitcoin, even though it has commonalities with that cryptocurrency. It is possible to utilize it as a channel for paying people in different parts of the world without the intervention of a third party. The phrase “silver to Bitcoin’s gold” is often used to describe Litecoin.
There are approximately 84 million Litecoin tokens available for purchase at this time. It reached its all-time high of $413.47 in May 2021, but since then, it has fallen by more than half. A rising number of retailers are beginning to accept Litecoin as a form of payment. The value of a single token is approximately $106, making it the 21st most valuable cryptocurrency in the world.
Alternative High-Quality Cryptocurrencies To Invest In Before 2022
Tamadoge
The word Tamadoge is quickly becoming synonymous with the best project of 2022.
The beta presale for TAMA earned $2 million in just 25 days, making it one of the most talked-about occurrences in the history of the cryptocurrency industry.
However, this was not the final accomplishment.
As of the time of writing, less than 40% of Tamadoge tokens were available for purchase during the presale, which brought in over $9 million.
There are several factors at play here.
First, the Play 2 Earn game’s use of Tamadoge dogs and the metaverse has broadened the game’s audience beyond crypto enthusiasts.
To increase the demand for the coin, Tamadoge is targeting players who are not crypto enthusiasts.
The early announcements of exchange listing confirmed the project’s widespread interest and promising future.
LBANK and Pancakeswap have already stated that they will list TAMA on their exchange following the presale.
Battle Infinity
This fantasy sports P2E game is rising in the rankings of 2022’s top Play to Earn offerings.
The Battle Infinity native coin, IBAT, completed a very successful presale, collecting 165,000 BNB (equal to over $2 million) in a few weeks. Many consider it a worthwhile investment as one of the best altcoins this September.
Successful listings on LBANK, Pancakeswap, CoinMarketCap, and Coingecko attest to the viability of the ecosystem in which users can engage in a variety of metaverse-integrated activities, such as playing games, creating works of art, and selling them, and subsequently profiting from their discoveries.
The price increased fivefold, from $0.0015 to $0.011, because of the Pancakeswap launch event.
This pushed IBAT’s demand even higher and made it one of the best-performing coin IDOs of the year.
Battle Infinity is attempting to unseat Axie Infinity from its perch as the most played P2E game, and the latest marketing materials support this claim.
What happened was that 1,800 wallet addresses belonging to holders of Axie Infinity tokens were randomly selected to receive a free airdrop of 125 IBAT tokens from Battle Infinity.
By the end of 2023, analysts predict that IBAT will be worth $0.01, and by 2025, it will be worth $0.2. This would mean a 3900% increase in token value over the following three years.
The Lucky Block
After its initial listing on the CEX, the price of the Lucky Block increased by 50%. The competition platform’s native token, LBLOCK, was listed on major exchanges like MEXC and Uniswap in August.
After implementing several system enhancements, Lucky Block saw an uptick in demand and price.
In the first place, the V2 token was released by Lucky Block in July of 2022.
This edition has no transaction fees or jackpot payouts, as it was explicitly designed for CEXs.
Lucky Block declared they would release a bridge linking two tokens and making their respective values more comparable.
However, future changes to Lucky Block are still on the horizon.
Token holders on the leading competitions and rewards platform will soon be able to participate in contests for the chance to win $1 million in bitcoin, a home, a BAYC NFT, and VIP seats to the FIFA World Cup.
As a result of recent marketing and celebrity endorsement investments, Lucky Block is rapidly gaining new users.
This is why LBLOCK is considered a top cryptocurrency to invest in, with a price forecast of $0.003 per token by the end of the year.
Decentraland
Decentraland, another entry on the list, is the second largest gaming cryptocurrency by market valuation.
Low prices for in-game items contribute to the game’s appeal; this is especially true for the land players who can invest in constructing or publishing projects that will boost their property’s value.
The future film “The Infinite Machine” and its NFT collection will also be incorporated into Decentraland’s metaverse, as was recently announced.
When Millennium Hotels and Resorts introduced M Social to the network, interest in the token skyrocketed.
Crypto Snack
Following a $50 million investment from GEM Digital Limited, the Crypto Snack, DEX iGaming crypto project is making waves in the crypto community.
In addition, the world’s most rapidly expanding iGaming platform just signed a contract with RCD Espanyol, solidifying its status as one of the world’s most valuable assets.
More than 800 online marketplaces accept Crypto Snack payments, including more than 300 online gambling sites.
Wrapping Up
Finally, investor preferences and comfort with risk have a role in investment selections. However, we recommend Tamadoge, Battle Infinity, and Lucky Block as the top three cryptocurrency projects to invest in.
These projects are new, but their prices have been steadily increasing, and they have managed to weather the current crypto market crisis.
I wish to show some appreciation to this writer for rescuing me from this particular predicament. After scouting throughout the the net and meeting recommendations that were not helpful, I was thinking my life was over. Being alive without the strategies to the issues you’ve fixed by way of your post is a serious case, as well as the ones which may have adversely damaged my career if I hadn’t noticed your web blog. Your primary understanding and kindness in controlling a lot of things was precious. I don’t know what I would’ve done if I had not discovered such a point like this. It’s possible to at this point look forward to my future. Thanks for your time very much for the skilled and sensible help. I won’t hesitate to propose your web sites to anyone who would like support on this situation.
One more thing to say is that an online business administration program is designed for individuals to be able to easily proceed to bachelors degree courses. The Ninety credit certification meets the other bachelor education requirements so when you earn your associate of arts in BA online, you will get access to the modern technologies in this field. Several reasons why students want to be able to get their associate degree in business is because they’re interested in this area and want to receive the general instruction necessary in advance of jumping right bachelor education program. Thanks alot : ) for the tips you provide as part of your blog.
thanks for tip
Thanks for your ideas. One thing we’ve noticed is the fact that banks as well as financial institutions understand the spending routines of consumers and also understand that a lot of people max out there their own credit cards around the trips. They correctly take advantage of this particular fact and then start flooding ones inbox in addition to snail-mail box having hundreds of no-interest APR card offers immediately after the holiday season finishes. Knowing that if you are like 98 of all American open public, you’ll leap at the possiblity to consolidate credit card debt and move balances towards 0 interest rate credit cards.
I just couldn’t depart your website before suggesting that I extremely enjoyed the usual information a person provide to your visitors? Is gonna be again continuously in order to check out new posts
Based on my study, after a in foreclosure home is available at a bidding, it is common for your borrower in order to still have a remaining unpaid debt on the loan. There are many creditors who try and have all charges and liens cleared by the upcoming buyer. Having said that, depending on certain programs, restrictions, and state laws and regulations there may be a number of loans which aren’t easily solved through the shift of loans. Therefore, the obligation still rests on the client that has had his or her property foreclosed on. Thanks for sharing your notions on this site.
Well I sincerely liked reading it. This subject procured by you is very useful for accurate planning.
I as well as my buddies were found to be reading the nice tactics on the blog then before long developed a terrible suspicion I never thanked the web site owner for those tips. My young men had been for that reason excited to see them and have now in reality been taking advantage of these things. Many thanks for genuinely indeed thoughtful and for deciding on variety of fantastic subjects millions of individuals are really desirous to know about. My honest apologies for not expressing gratitude to you earlier.