Which cryptocurrency is the most popular right now?
One method is to look at a company's market capitalization, which is the total monetary worth of its stock. In this aspect, it's difficult to go past Bitcoin and Ethereum, which offer significant advantages over their respective competitors.
This list aims to introduce you to the top ten cryptocurrencies for this year:-
Cryptocurrency | Symbol | Price (June 1) | Market Cap |
Bitcoin | BTC | $36,663.70 | $689,652,131,553 |
Ethereum | ETH | $2,593.82 | $304,113,290,079 |
Tether | USDT | $0.9999 | $61,774,695,807 |
Cardano | ADA | $1.71 | $55,036,773,266 |
Polkadot | DOT | $22.50 | $21,344,631,433 |
Ripple | XRP | $1.02 | $47,374,138,492 |
Uniswap | UNI | $26.90 | $15,380,586,021 |
Binance Coin | BNB | $351.68 | $54,343,326,575 |
Dogecoin | DOGE | $0.3175 | $41,624,959,649 |
Bitcoin Cash | BC | $686.73 | $13,000,043,248 |
Cryptocurrency & their symbols
Bitcoin- BTC
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries.
Invented by : Satoshi Nakamoto
Ledger start : 3 January 2009
Supply limit : ₿21,000,000
Symbols : BTC, ฿, ₿
Ethereum- ETH
Ethereum is an open-source, decentralized blockchain technology. Ethereum's native coin is called ether. This coin is one of the largest cryptocurrencies by market capitalization, second only to Bitcoin (BTC). Although ether has a smaller market cap than Bitcoin, Ethereum is the most widely-used blockchain.
Tether- USTD
Tether is a controversial cryptocurrency with tokens issued by Tether Limited, which in turn is controlled by the owners of Bitfinex. Tether Limited formerly falsely claimed that each token was backed by one United States dollar, but on 14 March 2019 changed the backing to include loans to affiliate companies.
Invented by: read more !
Cardano- ADA
Cardano is a public blockchain platform. It is open source and decentralized, with consensus achieved using proof of stake. It can facilitate peer-to-peer transactions with its internal cryptocurrency Ada. Cardano was founded in 2015 by Ethereum co-founder Charles Hoskinson.
Invented by: Charles Hoskinson
Written in: Haskell
Polkadot- (DOT)
Polkadot is a heterogeneous multi-chain interchange and translation architecture which enables customised side-chains to connect with public blockchains. The protocol was created by the Ethereum co-founder Gavin Wood.
Invented by: Gavin Wood (co-founder of Ethereum)
Ripple- XPR
Ripple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company.
Invented by: Arthur Britto, David Schwartz, Ryan Fugger
Polygon- MATIC
Polygon (previously Matic Network) has seen its market cap surge ten-fold since February, owing to increased adoption of its blockchain by players in gaming, non-fungible tokens (NFTs), and DeFi (decentralised finance).
Invented by: Sandeep Nailwal , Anurag Arjun and Jaynti Kanani .
Doge- DOGE
Dogecoin is a cryptocurrency that was founded as a joke by software programmers Billy Markus and Jackson Palmer, who wanted to make fun of the rampant cryptocurrency speculation of the time. On May 9, 2021, SpaceX announced a Dogecoin-funded rideshare journey to the Moon, making it the first cryptocurrency-funded space trip.
Invented by: Billy Markus, Jackson Palmer.
Binance- BNB
Binance is a Cayman Islands-domiciled cryptocurrency exchange that provides a platform for trading various cryptocurrencies founded in 2017.
As of April 2021, Binance was the largest cryptocurrency exchange in the world in terms of trading volume.
Invented by: Changpeng Zhao ("CZ"); Yi He
Bitcoin cash- BCH
Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Bitcoin Cash is a spin-off or altcoin that was created in 2017. In November 2018, Bitcoin Cash split into two cryptocurrencies: Bitcoin Cash and Bitcoin SV.
Before investing in a cryptocurrency, investors must carefully assess its potential prospects.
Whether you like it or not, you can't ignore its enviable popularity, market supremacy, and continued relevance in the cryptocurrency ecosystem.
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