Top 10 Cryptocurrency – Detailed Overview

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Cryptocurrency is a digital currency in which transactions are verified and records are kept by a decentralized system through the use of cryptography. We’ve compiled a list of the top ten Cryptocurrency based on market capitalization. Without further discussion, here are the top Cryptocurrencies.

1. Bitcoin (BTC)

Bitcoin -Top Cryptocurrency
Bitcoin

Bitcoin is the most popular cryptocurrency, and it has remained at the top for a long time. It was founded in 2009 by an unknown individual who earned the nickname Satoshi Nakamoto. Bitcoins are created as a reward for participating in a process known as mining. Payments are transferred safely and efficiently using Cryptocurrency.

A massive amount of computing power validates all bitcoin transactions. Bitcoins are not issued or backed by any banks or governments, and they have no monetary value.

  • The market cap of Bitcoin is $692.14 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The Bitcoin price is $35,704.36 in June 2021.
  • The circulating supply of BTC is 18.73 million and the maximum supply is 21 million.
  • The volume 24h (i.e the number of Bitcoins that were traded in the last 24hours) is $410.17 billion, which, to 11.09 million Bitcoins.

Note: This number changes every 10 mins when new blocks are mined.

Also Read: When and Where to Buy Crypto and Free Coins.

2. Ethereum (ETH)

Ethereum - cryptocurrency
Ethereum Cryptocurrency

Ethereum is a blockchain with its Cryptocurrency called Ether (ETH) or Ethereum, and its programming language called Solidity. It is open access to digital money and data-friendly service for everyone. Ethereum expands on Bitcoin’s innovation, but with significant differences. After Bitcoin, it is the second-largest Cryptocurrency by market cap.

Vitalik Buterin, a programmer, created Ethereum in 2013 and it went live on July 30, 2015, with an initial supply of 72 million Ether. The Ether cryptocurrency was created for use on the Ethereum network. However, Ether, like Bitcoin, is now accepted as payment by some merchants and service providers. Overstock, Shopify, and CheapAir are just a few of the online stores that accept Ether as payment.

  • The market cap of Ethereum is $307.59 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The Ethereum price is $2676.85 in June 2021.
  • The circulating supply of ETH is 116.15 million and the maximum supply is not defined till now.
  • The volume 24h (i.e the number of Ethereum that were traded in the last 24hours) is $32.67 billion which, to 12.34 million Ethereum.

Note: This number changes every 10 mins when new blocks are mined.

3. Tether (USDT)

Tether USDT
Tether Cryptocurrency

Tether (USDT) is a blockchain-based cryptocurrency which is Launched in July 2014. It is called stablecoin because it is originally designed to always be worth $1, maintaining $1 in reserves for each issue. Tether (USDT) holds third place in cryptocurrency according to its market capitalization. The investment Tether coins are referred to as a stable or standard investment like normal coins.

Tether Limited and the tether cryptocurrency are controversial due to the company’s alleged role in bitcoin price manipulation, an unclear relationship with the Bitfinex exchange, and the company’s failure to provide a promised audit demonstrating adequate reserves backing the Tether token.

  • The market cap of Tether is $61.99 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The Tether (USDT) price is stable at $1.
  • The circulating supply of Tether Crypto is 61.94 billion and the maximum supply is not defined.
  • The volume 24h (i.e the number of Tether (USDT) that were traded in the last 24hours) is $92.94 billion, equal to 92.63 million Tether coins.

Note: This number changes every 10 mins when new blocks are mined.

Also Read: Earn Crypto Without Doing Anything.

4. Binance Coin (BNB)

Binance coin BNB
Binance Coin (BNB)

Changpeng Zhao, a developer who previously created high-frequency trading software, founded Binance Coin in July 2017. As of January 2018, the Binance Exchange was the world’s largest cryptocurrency exchange, facilitating more than 1.4 million transactions per second.

It was built on the Ethereum blockchain with ERC20 standards. The company was initially founded in China and shifted out of China and Japan in advance of the Chinese government ban on Cryptocurrency in Sep 2019. Binance coin has a maximum of 200 million BNB tokens. Therefore to buy, sell, and trade Binance coin we should need a secure Binance coin wallet. According to the market capitalization, Binance coin BNB holds fourth place.

  • The market cap of Binance Coin is $59.47 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The Binance coin (BNB) price is $357.22 in June 2021.
  • The circulating supply of BNB is 153.43 million and the maximum supply is 170.53 million.
  • The volume 24h (i.e the number of Binance Coins (BNB) that were traded in the last 24hours) is $5.01 billion, equal to 12.93 billion BNB.

Note: This number changes every 10 mins when new blocks are mined.

5. Cardano (ADA)

Cardano ADA
Cardano (ADA)

Cardano ADA is a blockchain that uses a more flexible protocol than Ethereum. Cardano was founded in 2015 by Ethereum Co-founder Charles Hoskinson and launched in 2017. Cardano (ADA) and Polkadot (DOT) boast better transaction speeds and potential for scalability than either, which makes them a better solution than Ethereum for real-world payments.

The algorithm used to create blocks and validate transactions is at the heart of any blockchain platform. To mine blocks, Cardano employs Ouroboros, an algorithm that employs the proof-of-stake (PoS) protocol. The protocol is intended to minimize energy consumption during the block production process. It accomplishes this by eliminating the need for hash power, or massive computing resources, which are essential to the operation of Bitcoin’s proof-of-work (PoW) algorithm.

  • The market cap of Cardano is $59.29 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The Cardano (ADA) price is $1.61 in June 2021.
  • The circulating supply of ADA is 31.94 billion and the maximum supply is 45 billion.
  • The volume 24h (i.e the number of Cardano (ADA) that was traded in the last 24hours) is $4.57 billion, equal to 2.69 billion ADA.

Note: This number changes every 10 mins when new blocks are mined.

Also Read: Trading Software – Exclusive Forex Trading System For All Newbies.

6. Dogecoin (DOGE)

Dogecoin detailed overview DOGE.
Dogecoin (DOGE)

Dogecoin was introduced on December 6, 2013, by the software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a Joke. Dogecoin features the face of the “Shiba Inu” dog from the “Doge” name as its logo. It is a derivative of the lucky coin which is forked from litecoin and uses Scrypt.

Dogecoin has a one-minute block interval making it faster than other blockchains. More Doge is printed every minute of a day giving doge a potentially infinite supply. It holds sixth place according to its market capitalization. For more details about dogecoin, get a short Overview of Dogecoin.

  • The market cap of Dogecoin is $47.38 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The Dogecoin price is $0.3422 in June 2021.
  • The circulating supply of Doge is 129.88 billion and the maximum supply is not defined
  • The volume 24h (i.e the number of Doge that was traded in the last 24hours) is $6.65 billion, equal to 18.24 billion Doge.

Note: This number changes every 10 mins when new blocks are mined.

7. XRP (XRP)

XRP coin
XRP (XRP)

XRP is a Cryptocurrency that runs on an XRP ledger, a blockchain engineered by Jed McCaleb, Arthur Britto, and David Schwartz. XRP is a digital currency that acts as a bridge currency to other currencies. You can purchase XRP as an investment coin to be exchanged for other cryptocurrencies or to fund transactions on the Ripple network.

Ripple XRP is one of the most well-known and oldest cryptocurrencies in the Crypto market. The company also created its form of digital currency referred to as XRP to allow financial institutions to transfer money with negligible fees and wait time. It is Faster, less costly, and more scalable than any other digital asset, XRP and the XRP Ledger are used to power innovative technology across the payments space.

  • The market cap of XRP is $43.96 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The XRP price is $0.884 in June 2021.
  • The circulating supply of XRP is 46.15 billion and the maximum supply is 100 billion XRP coins.
  • The volume 24h (i.e the number of XRP that was traded in the last 24hours) is $4.52 billion, equal to 4.75 billion XRP coins.

Note: This number changes every 10 mins when new blocks are mined.

Also Read: 100% fully Automated Crypto Affiliate Site.

8. Polkadot (DOT)

Polkadot DOT
Polkadot (DOT)

Polkadot was created by Gavin Wood, another member and co-founder of the Ethereum project, who had a differing opinion on the project’s future. Polkadot is a blockchain platform that aims to achieve scalability by making it possible for specialized blockchain called parachain to interoperate.

Polkadot’s protocol is designed to connect permissions and permissionless blockchain, as well as oracles to allow systems to work together under one roof. To buy, sell and trade Polkadot coins you should need a wallet to store your digital coins. According to Polkadot price prediction at the start of 2001, the price has been increased from $9.31 per token to $38.70 roughly.

  • The market cap of Polkadot is $23.37 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The DOT price is $23.45 in June 2021.
  • The circulating supply of Polkadot coins is 944.77 billion and the maximum supply is not defined.
  • The volume 24h (i.e the number of DOT that was traded in the last 24hours) is $2.93 billion, equal to 118.37 million Polkadot (DOT).

Note: This number changes every 10 mins when new blocks are mined.

9. USD Coin (USDC)

USD Coin logo
USD Coin (USDC)

USD Coin (USDC) is a digital StableCoin that runs based on Ethereum. It was launched on 26th September 2018, and it is managed by a consortium called Centre, which was founded by the circle (A peer-to-Peer payment technology company) and includes the members from the Cryptocurrency exchange of Coinbase.

USDC represents fiat or government money on a blockchain. USD coin aren’t just printed out of thin air. Circle guarantees that every USDC token is backed with a single US dollar is called tokenization. Thus USD coins can be stored in the Ethereum wallet.

  • The market cap of UDS Coin is $22.78 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The USDC price is stable at $1.
  • The circulating supply of USD Coin is 22.77 billion and the maximum supply is not defined.
  • The volume 24h (i.e the number of USDC that was traded in the last 24hours) is $2.62 billion, equal to 2.62 billion USD Coin.

Note: This number changes every 10 mins when new blocks are mined.

Also Read: Money Making Cryptocurrency Site Builder.

10. Uniswap (UNI)

Uniswap UNI
Uniswap (UNI)

Uniswap (UNI) is a set of computer programs that run on an Ethereum blockchain. It is a leading decentralized crypto exchange. There are currently three versions of the Uniswap protocol available, V1 and V2 are open-source licensed under GPL. V3 is open-source with slight modification.

In October 2020 Uniswap was estimated to be the largest decentralized exchange and fourth-largest Cryptocurrency exchange overall by daily trading. UNI coin were initially distributed to early users of the protocol. Thus UNI holds 10th place according to its market capitalization.

  • The market cap of Uniswap (UNI) is $13.29 billion as of June 2021. (market cap is calculated by the current price multiplied by the circulating supply)
  • The Uniswap coin price is $23 in June 2021.
  • The circulating supply of Uniswap coins is 575.12 million and the maximum supply is one billion UNI.
  • The volume 24h (i.e the number of UNI that was traded in the last 24hours) is $407.85 million, equal to 17.65 million UNI Coins.

Note: This number changes every 10 mins when new blocks are mined.

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