Cryptocurrencies: It might be daunting for someone new to the crypto world to wade through the thousands of various cryptocurrencies, such as Bitcoin, Ethereum, Dogecoin, and Tether. If you’re looking for a starting point, here are the ten most valuable cryptocurrencies by market capitalization (the sum of all the coins in circulation) that you should consider investing in.
Top 10 Cryptocurrency
Best Crypto To Invest
1. Bitcoin (BTC)
- Market cap: $1.3 trillion
- Year-over-year return: 160%
The initial cryptocurrency, Bitcoin (BTC), was founded in 2009 by Satoshi Nakamoto. Bitcoin is powered by blockchain technology, which is utilized by the majority of cryptocurrencies. Using a distributed ledger, a group of computers may keep track of each other’s transactions.
The price of Bitcoin has skyrocketed as it has become widely known. By May 2016, the price of one bitcoin had risen to almost $500. As of June 12, 2024, the price of one bitcoin was approximately USD 67,379. The rise is 13,319%.
Related: How To Buy Bitcoin
2. Ethereum (ETH)
- Market cap: $422.9 billion
- Year-over-year return: 103%
Ethereum (ETH) has experienced tremendous price growth, with a 31,896% increase from $11 in April 2016 to nearly $3,521 at the end of June 2024.
3. Tether (USDT)
- Market cap: $112.4 billion
- Year-over-year return: 0%
In addition, Tether (USDT), in contrast to certain other types of cryptocurrencies, is a stablecoin, which means it is backed by fiat currencies like the US dollar and the euro and maintains a value that is a hypothetical equivalent of one of those denominations.
4. Binance Coin (BNB)
- Market cap: $90.3 billion
- Year-over-year return: 162%
If you want to pay fees or trade on Binance, one of the largest cryptocurrency exchanges in the world, you can use Binance Coin (BNB). Since its launch in 2017, Binance Coin has expanded beyond facilitating deals on Binance’s exchange platform. Bezos was only worth $0.10 in 2017. By the end of June 2024, its price had climbed to approximately $612, representing a gain of 612,460%.
5. Solana (SOL)
- Market cap: $69.8 billion
- Year-over-year return: 906%
It processes transactions fast and securely using a special hybrid proof-of-stake and proof-of-history approach. The native token of Solana, SOL, drives the platform. SOL’s initial price at debut in 2020 was $0.77. Its price increased by 19,558% to around $151.47 at the end of June 2024.
6. U.S. Dollar Coin (USDC)
- Market cap: $32.2 billion
- Year-over-year return: 0%
Like Tether, USD Coin (USDC) is a stablecoin, meaning U.S. dollars back it and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.
Also Read: Top Cryptocurrency Plane to Use By OneDayBitcoin
7. XRP (XRP)
- Market cap: $26.9 billion
- Year-over-year return: -6%
Some of the original developers of Ripple’s (a company that processes digital payments) technologies also worked on XRP. You can use XRP to buy and sell different currencies on that network. At the beginning of 2017, one XRP coin was worth $0.006. On June 12, 2024, the price jumped 7,895% to $0.479.
8. Dogecoin (DOGE)
- Market cap: $20.3 billion
- Year-over-year return: 138%
Dogecoin was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. In addition, Unlike many other cryptos, there is no limit on the number of Dogecoins. Dogecoin’s price in 2017 was $0.0002. As of Jun. 12, 2024, its price was at $0.1397, up 69,750%.
9. On coin (TON)
- Market cap: $16.6 billion
- Year-over-year return: 354%
In addition, Through the usage of this application, users can send, receive, and store money over TON’s lightning-fast, green network.
10. Cardano (ADA)
- Market cap: $15.3 billion
- Year-over-year return: 53%
This method shortens transaction times, decreases energy usage, and lessens environmental impacts by doing away with the competitive, problem-solving aspect of transaction verification in systems like Bitcoin. Decentralized applications and smart contracts on Cardano are powered by its native token, ADA, just like on Ethereum.
There has been a noticeable lag in the ascent of Cardano’s ADA token compared to other popular digital coins. A year ago, ADA cost $0.02. The price was $0.425 on June 12, 2024. A 2,026% increase is reflected in this.
