1. Bitcoin (Bitcoin) (BTC)
The market capitalization is over $846 billion.
Bitcoin (BTC) is the first cryptocurrency, having been created in 2009 by an anonymous individual using the pseudonym Satoshi Nakamoto. BTC, like the majority of cryptocurrencies, is based on a blockchain, which is a distributed ledger that records transactions across a network of thousands of computers. Proof of work is used to ensure that new additions to distributed ledgers are validated by the solution of a cryptographic problem. This ensures that Bitcoin remains secure and protected from fraudsters.
Bitcoin’s value has risen as the cryptocurrency has gained widespread recognition. In May 2016, a Bitcoin could be purchased for approximately $500. As of March 1, 2022, the price of a single Bitcoin has risen to more than $44,000. That is an increase of around 7,800 percent.
2. Ether (also known as Ethereum) (ETH)
The market capitalization is above $361 billion.
The Ethereum blockchain platform, which is both a cryptocurrency and a blockchain platform, is a favourite of programmers because of the possible applications it offers, such as so-called smart contracts that automatically execute when certain conditions are met and non-fungible tokens (NFTs).
Ethereum has also seen enormous growth in recent years. From April 2016 to the beginning of March 2022, the price of bitcoin increased by more than 27,000 percent, from approximately $11 to more than $3,000 per bitcoin.
3. Use a tether (USDT)
The market capitalization is more than $79 billion.
Tether, in contrast to certain other kinds of cryptocurrency, is a stablecoin, which means that it is backed by fiat currencies such as the United States dollar and the Euro and, in theory, maintains a value equivalent to one of those denominations. In principle, this means that Tether’s value should be more consistent than that of other cryptocurrencies, making it a popular choice among investors who are concerned about the severe volatility of other cryptocurrencies.
Also Check: Effects of Russia vs Ukraine on Crypto | Expert Views
4. Binance Coin (also known as BNB) (BNB)
The market capitalization is more than $68 billion.
Known as the Binance Coin, it is a type of cryptocurrency that can be used to trade and pay fees on Binance, which is one of the largest cryptocurrency exchanges on the planet.
Since its introduction in 2017, Binance Coin has grown to serve a purpose more than simply conducting trades on Binance’s cryptocurrency exchange platform. It may now be utilised for a variety of tasks such as trading, payment processing, and even organising trip plans. It can also be traded or swapped for other cryptocurrencies, such as Ethereum or Bitcoin, depending on the market conditions.
In 2017, the price of BNB was only $0.10. By the beginning of March 2022, its price had climbed to roughly $413, representing a gain of approximately 410,000 percent compared to the previous year.
5. One-Dollar Coin of the United States (USDC)
Market capitalization: more than $53 billion.
USD Coin (USDC), like Tether, is a stablecoin, which means it is backed by U.S. dollars and strives to achieve a 1 USD to 1 USDC exchange rate. USDC is powered by Ethereum, and you may use USD Coin to make international purchases and payments.
6. XRP (Exchange-Traded Precious Metals) (XRP)
Market capitalization: more than $37 billion.
XRP, which was created by some of the same founders as Ripple, a digital technology and payment processing company, can be used on that network to ease the exchange of many currency kinds, including fiat currencies and other major cryptocurrencies.
When 2017 began, the price of XRP was $0.006 per unit of currency. As of March 2022, its price had risen to $0.80, representing a gain of more than 12,600 percent since the beginning of the year.
7. Terra (LUNA)
Market capitalization: more than $34 billion.
Terra is a blockchain-based payment mechanism for stablecoins that is based on the maintenance of a balance between two different forms of digital assets. Terra-backed stablecoins, such as TerraUSD, are cryptocurrencies whose value is related to the value of real-world currencies. Luna, its counterweight, is responsible for the operation of the Terra platform and the production of additional Terra stablecoins.
Terra stablecoins and Luna stablecoins work together in response to supply and demand: As soon as the price of a stablecoin increases above the value of its linked currency, users are encouraged to burn their Luna in order to generate more of the stablecoin in question. Similarly, when the value of Luna declines in relation to its base currency, users are encouraged to burn their Terra stablecoins in order to generate more Luna. As the Terra platforms become more widely used, the value of Luna increases as well.
Luna’s price has increased by more than 14,200 percent after its inception on Jan. 3, 2021, when it was $0.64, to the beginning of March 2022, when it is $92.
8. Cardano (ADA)
Market capitalization: more than $33 billion
Cardano, which arrived on the crypto market a little later than the rest, is remarkable for its early adoption of proof-of-stake validation. By eliminating the competitive, problem-solving part of transaction verification that is inherent in systems such as Bitcoin, this technology expedites transaction time while simultaneously reducing energy consumption and environmental effect. Cardano functions similarly to Ethereum in that it allows for the creation of smart contracts and decentralised applications, which are fueled by ADA, Cardano’s native coin.
When compared to other major cryptocurrency coins, the rise of Cardano’s ADA token has been very low. In 2017, the price of ADA was $0.02 per unit. As of March 1, 2022, the price of the item was $0.99. This represents a 4,850 percent gain over the previous year.
9. Solana (SOL)
Market capitalization: more than $33 billion
Solana is a cryptocurrency that was created to assist in the powering of decentralised finance (DeFi) applications, decentralised applications (DApps), and smart contracts. It operates on a hybrid proof-of-stake and proof-of-history mechanism that allows it to process transactions quickly and securely. The platform is powered by SOL, which is Solana’s native coin.
SOL’s pricing began at $0.77 when it was first introduced in 2020. By March 1, 2022, the price had risen to around $101, representing a gain of nearly 13,000 percent.
10. Avalanche (AVAX)
Market capitalization: more than $22 billion
Avalanche, like Ethereum and Cardano, is a blockchain software platform that allows users to write and execute smart contracts that are supported by a native currency (in this case, AVAX). Since its inception in 2020, Avalanche has experienced explosive growth, thanks in large part to its competitively low gas prices and lightning-fast transaction processing rates, among other factors.
During the period July 12, 2020, to March 1, 2022, the price of AVAX increased by more than 1,840 percent, rising from $4.63 to $89.84.
