AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
With thousands of cryptocurrencies available, navigating the crypto world can feel daunting. To simplify things, here are the top 10 cryptocurrencies by market capitalization, which reflects the total value of all coins in circulation.
- Bitcoin (BTC)
Bitcoin has become a well-known name with significant growth. In May 2016, one bitcoin was worth around $500, but as of August 27, 2024, its price reached approximately $62,407—a staggering 12,381% increase.
- Ethereum (ETH)
Market Cap: $315.4 billion
Ethereum has seen impressive growth. From April 2016 to August 2024, its price rose from $11 to around $2,621, marking a 23,732% increase.
- Tether (USDT)
Market Cap: $118.0 billion
Tether is a stablecoin, meaning its value remains consistent, offering no significant return year over year.
- Binance Coin (BNB)
Market Cap: $80.5 billion
BNB has shown a significant return of 154% over the past year.
- Solana (SOL)
Market Cap: $72.2 billion
Solana has gained momentum, boasting a 655% year-over-year return.
- U.S. Dollar Coin (USDC)
Market Cap: $34.5 billion
Another stablecoin like Tether, USDC also has no notable return year over year.
- XRP (XRP)
Market Cap: $33.4 billion
XRP’s market value has grown, with a 14% return over the past year.
- Dogecoin (DOGE)
Market Cap: $15.2 billion
Initially created as a joke, Dogecoin has surged with a 67% return year over year.
- TRON (TRX)
Market Cap: $14.0 billion
TRON continues to perform well, delivering a 109% return over the last year.
- Toncoin (TON)
Market Cap: $13.9 billion
Toncoin, initially developed for Telegram, saw a 270% year-over-year return. This cryptocurrency allows users to transact on TON’s fast and eco-friendly network.
How Cryptocurrency Works
Cryptocurrencies are digital forms of money, often built on blockchain technology. Most operate as "trustless" systems, meaning they don't require centralized oversight for transactions.
Why Are There So Many Cryptocurrencies?
With over 9,000 crypto projects by March 2024, the cryptocurrency landscape is diverse. Some serve as digital currencies, while others, like Ethereum and Solana, provide platforms that support other projects, creating a rapidly expanding ecosystem.
