The cryptocurrency economy has been growing over the past few years. Already there are over 5,000 digital currencies to choose from. Settling on the best one might take some time.
This guide unveils the top 20 cryptocurrencies, according to Coinmarketcap.
1. Bitcoin (BTC)
As the first cryptocurrency, Bitcoin has kept its place. It has been trading as the leader, and no other coin seems to come close. This year has been great for the currency. It has experienced growth running from the end of Q1.
Bitcoin is currently trading at $13,811, according to Coinmarketcap. It is likely to rise as another wave of lockdown is on the offing. BTC has a market cap of $251B.
2. Ethereum (ETH)
Ethereum has also kept its place as the second-largest crypto currency. Currently trading at $380, the coin is on a sideways run. It has experienced a mixed October and now November.
The change is different from the last month when it supported the Defi boom. It has a market cap of $43B.
3. Tether (USDT)
Tether is the leading stablecoin. Its value is tied with the US dollar, such that it currently trades at 1 USD. It has a current trading volume of $45B with a market cap of $16B.
The coin has changed over the years to keep a reliable operation. It started out operating as a second layer of Bitcoin. It has since changed to work on other blockchains.
4. XRP (XRP)
XRP is all about revolutionizing payment systems. The coin has been successful as it has edged existing payment platforms like SWIFT. The tokens on RippleNet. Unlike other virtual currencies, it is an open-source ledger.
The coin currently ranks 4th according to Coinmarketcap. It has a market cap of $10,830,127488.
5. Bitcoin Cash (BCH)
Bitcoin Cash is a Bitcoin’s fork. It is a peer-to-peer electronic cash system looking to become a global medium of payment. It charges low transaction fees and supports privacy. It also has bigger block sizes to support high transaction capacity.
The digital currency has a market cap of $4,504,837,135. It currently trades at $242.69.
6. Chainlink (LINK)
Chainlink has grown to become one of the most important cryptocurrencies. It is a decentralized oracle network that connects the on-chain and off-chain worlds. Its decentralized oracle network is useful in paying node operators.
The usefulness of the coin has been made integral in the system. It currently trades at $10.49. It comes with a market cap of $4,095,897,008.
7. Binance Coin (BNB)
At the moment, the Binance crypto exchange is the most popular. What most people don’t realize is that it released a coin a few days before going live. The currency earlier on operated on Ethereum before migrating to the Binance chain Mainnet.
BNB token is a payment medium that supports transactions on the Binance exchange. It also powers Binance decentralized exchange. It has a market cap of $3,859,511,580 and currently trades at $26.73.
8. Litecoin (LTC)
Litecoin is one of the earliest versions of Bitcoin. The coin has too much likeness with Bitcoin that it uses its whitepaper. The crypto uses a hashing algorithm and block transaction times. It has also been successful such that it is referred to as the “digital silver.”
Litecoin has a market cap of $3,297,818,675. It trades at $53.16.
9. Polkadot (DOT)
Polkadot is one of the best performing cryptos. It became a top ten contender only a few years after launch. Still, most experts believe it will become top-three crypto in the future.
The coin is a serious competitor to Ethereum. Its main aim is to enable a user based decentralized web.
It connects the private chains to public networks. It also makes it easier to create decentralized apps, institutions, and services.
Coinmarketcap shows DOT has a market cap of $3,346,610,298. It trades at $3.92.
10. USDC Coin (USDC)
USD Coin is another of the stellar stablecoins. Its pegs its value to USD at the ratio 1:1. It also has a reliable reserve in the form of cash and short-term U.S Treasury bonds.
The coin has gained massive traction in recent times. It is an ideal alternative for institutional investors. This is due to the renowned founders. It also undergoes additional regulation.
USDC has a market cap of $2,935,851,258. It trades at a value of $1.00.
11. Cardano (ADA)
Cardano is a proof-of-stake crypto whose primary aim is to support positive global change. The open-source project also seeks to help create a more transparent and secure society. It supports the development of decentralized apps with modularity.
The coin ranks 11 with a market cap of $2,892,670,436. It trades at $0.092975 and has a circulating supply of 31,112,484,646 ADA coins.
12. Bitcoin SV (BSV)
Bitcoin SV also has its roots in Bitcoin. It is a fork of Bitcoin Cash, which is a fork of Bitcoin. Bitcoin SV takes pride in operating as the original Bitcoin. It sets itself as the intended operational intention of Satoshi Nakamoto.
The currency looks to ensure stability and improve scalability. It has a market cap of $2,814,885,991 and currently trades at $151.66.
13. EOS (EOS)
EOS is all about liberalizing blockchain technology. It seeks to make it easier for developers to build decentralized applications. It provides a range of educational resources for the developers.
EOS is also big on scalability and security. It is also secure for consumers’ use.
The coin has a market cap of $2,194,303,770. It trades at $2.34 with a market supply of 937,462,117 EOS coins.
14. Monero (XMR)
Monero is a top privacy coin. It takes pride in offering users of all kind’s anonymity and security during transactions. It is also big on ease of use and efficiency.
The coin currently trades at $120.63 and has a market cap of $2,140,812,972.
15. TRON (TRX)
TRON is a multipurpose blockchain-based operating system. It is all about ensuring access to blockchain technology for daily use. It comes with faster transaction speeds of around 2,000 TPS.
The project is also big on content sharing and entertainment. It also supports file sharing and decentralizes the gaming industry.
Coinmarketcap shows the project has a market cap of $1,727,945,824. It currently trades at $0.024113.
16. Wrapped Bitcoin (WBTC)
Wrapped Bitcoin is one of the latest coins launched in this list. It is a tokenized version of BTC that runs on Ethereum. It is ERC-20 compliant thus fully integrates into decentralized exchanges. It is also compatible with crypto lending services and the prediction markets.
Bitcoin backs WBTC at a ratio of 1:1. It currently trades at $13811 with a market cap of $1,685,560,286.
17. Crypto.com Coin (CRO)
Started in 2016, crypto.com is all about accelerating the world’s transition to cryptocurrency. It comes with a wallet and card app. It also allows for crypto trading and an MCO Visa Card.
CRO supports free crypto payments. It has a market cap of $1,658,711,013 and currently trades at $0.078559.
18. Stellar (XLM)
Stellar is popular crypto, operational since 2014. Its main aim is to help financial firms connect through blockchain technology. It supports faster and cheaper cross-border transactions.
It has a market cap of $1,565,425,911 and trades at $0.074947.
19. Tezos (XTZ)
Tezos is a smart contract-based blockchain network. It is almost similar to Ethereum. It, though, has a significant improvement in its ability to evolve and improve over time. It is a secure open-source platform built for high-value use cases.
XTZ has a market cap of $1,384,074,390 and trades at $1.85.
20. UNUS SED LEO (LEO)
Coinmarketcap provides LEO to round up the top 20 cryptos. LEO is a utility token used in the iFinex ecosystem. It allows traders to save on transaction fees when using Bitfinex.
It currently trades at $1.25 with a market cap of $1,250,041,873.