When people gossip about cryptocurrencies, bitcoin is the one that gets all headlines. But there are many other cryptocurrencies available in the world. The cryptos that are not bitcoin are considered “also ran”- what is named altcoins or substitutes to bitcoin. Bitcoin may have been the first and the most important cryptocurrency to hit the global market. It entered the world in the year 2009. Many other types of cryptocurrencies have become popular later on. Here is the list of the popular cryptocurrencies by market cap.
Popular cryptocurrencies
1- BTC- Bitcoin
Credit: Google
As the forerunner of the cryptocurrency epoch, BTC is the coin that people usually reference when they gossip about virtual money. It is a shadowy creator, allegedly Satoshi Nakamoto debuted the currency in the year 2009 and it has been on a roller coaster ride since then. It wasn’t until 2017 that crypto broke into popular awareness.
Market cap- $429 Billion
Price- $22,235
Also Read: Advantages of cryptocurrencies in 2023
2- ETH- Ethereum
The name for the cryptocurrency platform is another name you would like to recognize in the crypto world. The system permits you to use the currency to carry out many functions but the smart contract aspect of ETH help make it a well-known digital currency.
Market cap- $27 Billion
Price- $ 1.00
3- USDT- Tether
Credit: Google
The price of the tether is anchored at $1 per coin. That is because it is what’s named stablecoin. Stablecoins are tied to the worth of the particular asset. In the case of this crypto, the US dollar acts as a medium when traders shift from one crypto to another. Instead of moving back to the dollar, they make use of a tether. Some people are concerned about tether being not safely backed up by dollars in reverse but use a short-term form of unsecured debt.
Market cap- $72 Billion
Price- $1.00
4- BNB
It is the cryptocurrency that is used by Binance, another popular and largest cryptocurrency in the world. Originally it is created as a token to pay for the discounted trades. BNB can now be easily used for making payments and buying goods and services.
Market cap- $45 Billion
Price- $288.15
5- USD- USDC
Similar to tether, USDC is a stablecoin that is pegged to the dollar, which means that its value need not fluctuate. The currency founder says that it is backed up by completely reserved assets or those with equal fair value and those assets are held in accounts with regulated institutions in the US.
Market cap- $44 Billion
Price- $1.00
Also Read: Cryptocurrencies other than bitcoin to choose in 2023
6- XRP
Credit: Google
Known as Ripple and set up in the year 2012, XRP provides a way to pay in several different real-world currencies. It can be useful in cross-border transactions and make use of a mechanism that is trustless to facilitate payments.
Market cap- $19 Billion
Price- $0.38
7- Cardano
It is the cryptocurrency platform behind ada, the name of cryptocurrency. It is established by an ETH co-founder. It makes use of smart contracts that enable identity management.
Market cap- $11 Billion
Price- $0.3302
8- Polygon
It is the cryptocurrency that put focus on being easily accessible to all those who are establishing digital apps and scales up the ETH crypto. It was earlier known as Matic and was formed in the year 2017 and the year 2021, it was renamed Polygon.
Market cap- $10 Billion
Price- $1.14
9- Dogecoin- DOGE
Originally it was created as a joke after the runup in the BTC. This crypto takes its name from the internet meme that features the Shiba Inu dog. Unlike other cryptos that limit the number of the existence of coins, it has limitless issuance. This crypto can be used for making payments or sending money.
Market cap- $9 Billion
Price- $0.07383
Also Read: Crypto Currency