10/6/2023 0 Comments Crypto coins by market cap![]() Cardano’s appeal is multifaceted: It was founded by one of Ethereum’s co-founders, Charles Hoskinson, giving it instant credibility, and unlike ETH, it also has a hard cap on the number of coins that can exist, at US$45 billion. It’s younger than both Bitcoin and Ethereum, with the first ADA the local currency on the Cardano blockchain appearing in September 2017. It’s the third-largest market cap next to Bitcoin and Ethereum. As with several other top cryptocurrencies, there’s a maximum supply of BNB, which is capped at US$200 million.Īlthough not quite in Ethereum or Bitcoin’s league, Cardano is an obligatory nominee for the best crypto to buy. Binance was initially based on the token issued through the Ethereum blockchain but has since transitioned to being issued on its Binance blockchain. ![]() (COIN) gets the bulk of the media’s attention when it comes to cryptocurrency exchanges, Binance is the largest global exchange by volume. Today, the gap has dramatically narrowed, At the beginning of 2021, Bitcoin accounted for 70.7% of the market, with Ethereum accounting for just 10.8%. Ethereum’s market share in the nascent and fast-growing field of decentralized finance, or Defi, has the digital currency slowly chipping away at Bitcoin’s share of the overall crypto market. As the premier “blue chip” cryptocurrency, BTC is not only tried and true but is still setting new milestones: Tesla Inc.’s decision to put Bitcoin on its balance sheet and El Salvador’s move to make it a legal tender are two landmark 2021 actions illustrating how mainstream BTC has become.Īlthough Bitcoin has been the lead crypto from the get-go, Ethereum emerged as a force to be reckoned with in 2015 and is perhaps the only other token with any business being regarded as blue-chip crypto. ![]() It’s tough to understate the importance of Bitcoin and the underlying concept of the blockchain that accompanied it, but 12 years later, Bitcoin’s first-mover advantage has compounded to put its market capitalization above US$1 trillion. This article lists the top 10 cryptocurrencies in terms of market capitalization.īitcoin’s invention in 2009 changed money forever and opened the door to all sorts of variations on and improvements of its technology. It’s common, for instance, for analysts to attribute a great deal of importance to ranking coins relative to one another in terms of market capitalization. While Bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. The field of cryptocurrencies is always expanding. Here’s the list of the top 10 cryptocurrencies in the crypto market based on their market capitalization
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