Jun 1, 2023, 11:29 PM IST
Heena Sharma
1. Bitcoin (BTC) Market cap: Over $550 billion
It was introduced in 2009 by an anonymous person using the pseudonym Satoshi Nakamoto.
Ethereum, both a cryptocurrency and a blockchain platform, is highly favoured by programmers.
3. Tether (USDT) Market cap: Over $80 billion
Tether is designed to offer a comparatively stable value compared to other cryptocurrencies, making it a preferred choice for investors who seek to avoid the high levels of volatility.
4. Binance Coin (BNB) Market cap: Over $50 billion
In 2017, it started with a price of only $0.10. By the start of March 2022, its value had surged to around $413. As of May 3, 2023, BNB was trading at about $320.
5. XRP (XRP) Market cap: Over $23 billion
In early 2017, the price of XRP stood at $0.006. However, as of May 3, 2023, it has surged to approximately $0.46, representing an impressive increase of over 6,000%.
6. Cardano (ADA) Market cap: Over $13.4 billion
When compared to other prominent crypto coins, Cardano's ADA token has shown relatively moderate growth.
7. Solana (SOL) Market cap: Over $8 billion
Solana operates on a distinctive combination of proof-of-stake and proof-of-history mechanisms, which contribute to its ability to process transactions rapidly and with enhanced security.
8. Polkadot (DOT) Market Cap: Over $8.9 billion
Polkadot was created by Gavin Wood, one of the core founders of Ethereum. One fascinating aspect of it is that its continuous issuance model ensures a constant circulation of new tokens within the Polkadot ecosystem.
9. Litecoin (LTC) Market Cap: Over $6 billion
Litecoin is gaining traction among an increasing number of merchants who accept it as a form of payment. With a per-token value of approximately $87, it holds the position of being the 11th-largest cryptocurrency globally.
10. Avalanche (AVAX) Market Cap: Over $5.5 Billion
Avalanche has a limited supply of 720 million AVAX tokens, with half of them being generated and distributed during its launch in 2020.