10 Most Popular Cryptocurrencies Right Now!

Image by Kaufdex from Pixabay

Often people use Bitcoin and cryptocurrency synonymously, but why is that when there are over thousands of types of cryptocurrencies apart from Bitcoin. It is not news that Bitcoin leads the crypto market, but it is noteworthy that many other popular Best Bitcoin Wallet have made their way up the crypto ladder. Experts suggest investors stick to Bitcoin or Ethereum because of their colossal hold on the market and steady rise in value. Here, we discuss the ten most popular cryptocurrencies in the market:

1. Bitcoin (BTC)

We begin with the most famous among cryptos – the Bitcoin. In 2009 Bitcoin opened the world’s eyes to the world of virtual currency. Bitcoin (BTC) is a highly volatile digital currency, yet it has become the most highly valued crypto over time. Initially, Bitcoin was created as a reward for the mining process and as a form of digital payment method. However, according to experts, it remains too volatile to be used as a digital payment method in all sectors. With the ever-advancing technology, crypto traders opt for Bitcoin auto trading systems for a more convenient trading process. Bitcoin leads the market with a market cap of $368 million.

2. Ethereum (ETH)

Ethereum (ETH) was created in 2013 as the first alternative to Bitcoin. It functions on the open-source blockchain network, which developers can use to create apps and other cryptocurrencies, making it popular among program developers. Ethereum has a market cap of $127 million, which makes it the second most valued cryptocurrency just after bitcoin. Also, Ethereum is sometimes referred as the digital silver as well.

3. Tether (USDT)

Tether has a market cap of $66 billion. Undoubtedly, we can take it as one of the most famous crypto, or stablecoin to be specific. Stablecoins are one of the most secure and safe investments due to their excellent stability. Most people get scared of bitcoin investments due to its volatile market. However, it is not the same with stablecoins like Tether, as they are directly proportional to fiat currencies like the U.S. dollar.

4. U.S. Dollar Coin (USDC)

The U.S. Dollar coin is also a cryptocurrency stablecoin similar to Tether. The stable nature of the USD Coin makes it an excellent global payment method. The USDC has a market cap of $55 billion.

5. Binance Coin (BNB)

With a market cap of $36 billion, Binance Coin is issued by Binance, one of the world’s largest cryptocurrency exchanges. Binance coin was launched in 2017 and can be used to make payments and buy goods and services.

6. Ripple (XRP)

The digital payment network Ripple has its cryptocurrency, the XRP or the Ripple coin. Unlike Bitcoin and Ethereum, XRP uses consensus ledgers to authenticate transactions rather than the blockchain network. XRP was introduced to make global payments more convenient and remains their primary focus.

7. Cardano (ADA)

The founder of Ethereum created Cardano, which became famous for its proof-of-stake validation. This speeds up the time taken in transactions and also reduces energy consumption. Cardano functions on a peer-reviewed blockchain protocol. It has a market cap of $14 billion.

8. Solana (SOL)

Solana has a capacity of 65000 transactions per second, more than Ethereum. The time taken to add a block in Solana is much less than in other crypto blockchains. Solana is reasonably new crypto. It was launched in 2020, and by 2022, its value had increased by 5100%.

9. Dogecoin (DOGE)

Based on an internet meme Dogecoin started as a joke in 2013, but very soon, it became a famous name in the crypto market. This simultaneously leaves it susceptible to devaluation because of an increase in the number of coins in circulation. Investors can use Dogecoin like many other cryptos for payments and money transfers. Its market cap is $8 billion.

10. Stellar (XLM)

Stellar, like Ripple, facilitate cross-border international payments, and stellar is more prevalent in third-world countries where payment methods like USDT or PayPal are unavailable. Its market cap is $12.54 billion, and stellar’s crypto is known as Lumen XLM.

Conclusion

After going through the above article, your ideology must be clear regarding the topnotch and popular cryptocurrencies now. Thus, it is advisable to choose your preferable cryptocurrency with adequate amount of research only.