Now we are going to enter the era of digital currency. There are also thousands of cryptocurrencies already available. In these coins, some coins’ names are spread to our households like Bitcoin, Ethereum, and also Dogecoin, and Tether.
All of these currencies can make these overwhelming while it was the first time entering into the world of crypto. Nowadays many big celebrities from the entire world and also top billionaires are showing their interest in cryptos. They are also starting to use those digital currencies.
Here we have presented you the list of Top 10 cryptocurrencies:
10.Dogecoin(DOGE)
Market value: Over $28 billion
Now, this coin is the main centre of attraction for all the celebrities and billionaires like Elon Musk. It was started popularly as a joke in 2013, and now it has become an incredible option for cryptocurrency, but the dedicated community and creative memes are really deserved a big thank you to make it popular. There is no limit on the number of Dogecoins just like the other cryptos like Bitcoin. In 2017, the price of Dogecoin was $0.0002. On November 30, 2021, the price was at a $0.22 increase of 110,000%.
9.Polkadot(DOT)
Market value: Over $37 billion
We will like to inform you that we can use cryptocurrencies in any number of blockchains. Polkadot has targeted to collect them by creating a cryptocurrency network that also will join the several blockchains so they can work together. It may change the management of the cryptocurrencies that have spurred impressive growth since it has launched in 2020. It is reported that within this September 2020 and August 2021, the price will grow 1,300% is from $2.93 to $38.61.
8.USD Dollar Coin(USDC)
Market value: Over $38 billion
This coin is a stable coin like Tether, which means it has returned by U.S. dollars and also targets the 1 USD to 1 USDC ratio. This USDC has been powered by Ethereum, and also one can use this USD Coin to finish global transactions.
7. XRP(XRP)
Market value: Over $47 billion
This was created by some of the exact founders like Ripple. It is mainly a digital currency and payment processing company, we can use XRP on that Network for facilitating the exchanges of the multiple currency categories, that is included fiat currencies and also other major cryptocurrencies.
It was started in 2017, the price of XRP was $0.006. In this August 2021, the price was at a $1.00 increase of 16,666%.
6. Cardano(ADA)
Market value: Over $52 billion
This coin is mainly notable for its early embracing of proof of stake validation. This method has mainly expedited the time of transaction and also lower the energy usage and also such environmental impact by deleting the competitive, problem-solving aspect for the verification of the transaction that has presented in platforms like Bitcoin. It also has working like the coin Ethereum that can enable the smart contracts and also decentralized the entire applications that have been powered by ADA, like a native coin.
The growth of this coin is very modest in comparison with the other major crypto coins. It was started in 2017, the price of ADA’s was $0.02. In this August 2021, the price was at a $1.57 increase of 7,850%.
5. Solana (SOL)
Market value: Over $64 billion
This cryptocurrency has been developed for power decentralization finance (DeFi), decentralized apps, and also smart contracts, Solana has run with a unique hybrid proof of the stake and also proof-of-history mechanisms that will provide help in the transactions process quickly and also very securely. SOL indicates Solana’s native token powers for the platform.
This was started in 2020, the price of SOL was started at $0.77. In August 2021 the price was $213.42 with a gain of 26,500%.
4. Tether (USDT)
Market value: Over $73 billion
It is just like another form of cryptocurrency, Tether is mainly a stable coin, which indicates it will return by fiat currencies like the U.S. dollars and the Euro and also keeps some hypothetical value equal to the one domination.
The theory depicts the value will likely be more consistent than the other cryptos and the favour goes by the investors who are awry based on the extreme volatility with the other coins.
3.Binance Coin(BNB)
Market value: Over $104 billion
This coin is also another form of cryptocurrency that one can use for trading and paying fees on Binance that is definitely one of the greatest exchanges of crypto in this world. After launching the coin in 2017 it has been expanded merely the facilitating trades on the exchanging platform of Binance. This coin is now mainly used for trading, payment processing, or for the arrangements of the booking travel.
This coin also can also be traded or exchanged in another form of cryptocurrencies like Eithereum or Bitcoin. In 2017, the price was $0.10. In this August 2021, the price was at a $628 increase of 627,000%.
2. Ethereum
Market value: Over $557 billion
It can use in both platform cryptocurrency and a blockchain. This coin is most preferable for the program developers due to its potential applications, like smart contracts that will execute automatically at the time of conditions that have been met and also non-fungible tokens.
This coin has seen terrible growth. In just five years its price increase from m$11 to over $4,700, which is roughly 42,000%.
1. Bitcoin
Market value: Over $1.08 trillion
This coin was created in 2009 by someone under the pseudonym Satoshi Nakamoto, Bitcoin is currently the original cryptocurrency. We can run this on a blockchain just like the other coin, or you can make larger logging transactions that have been distributed the ledgers will be verified by making the solution of the puzzle. This coin need to be kept secure band safe from fraudsters.
The price of this coin just touched the space with the rocket. Before five years one can purchase a Bitcoin for about $500. In this August 2021, the price of a single Bitcoin become over $57,000. The growth is near about 11,400%.
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Raed1: Top 10 Cryptocurrencies in 2021
