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1. Bitcoin (BTC)
Market cap: $723 billion
Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy a Bitcoin for about $500. As of May 1, 2022, a single Bitcoin’s price was over $38,000. That’s a growth of more than 7,500%.
2. Ethereum (ETH)
Market cap: $333 billion
Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and nonfungible tokens (NFTs).
Ethereum has also seen phenomenal growth. From April 2016 to early May 2022, its price increased from around $11 to over $2,700, an increase of nearly 25,000%.
3.
Tether (USDT)
Tether (USDT)Market Cap: $83 Billion
Unlike other cryptocurrencies, Tether is a stablecoin, which means it is backed by fiat currencies such as the US dollar and euro and hypothetically holds the same value in either of these denominations. In theory, this means that the value of Tether is meant to be more consistent than the value of other cryptocurrencies, and it is seen by investors wary of the extreme volatility of other coins. Popularity.
4. Binance Coin (BNB)
Market Cap: $62 Billion
Binance Coin is a form of cryptocurrency that you can use for trading and paying fees on Binance, one of the money exchanges. largest electronics in the world.
Since its launch in 2017, Binance Coin has expanded beyond facilitating transactions on the Binance exchange. Now it can be used for commerce, payment processing, or even travel booking. It can also be exchanged or exchanged for other forms of cryptocurrencies, such as Ethereum or Bitcoin. The price of
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BNB in 2017 was just $0.10. At the beginning of May 2022, its price increased to about $383, an increase of about 350,000%.
5. US Dollar (USDC)
Market Cap: US$49 Billion
Like Tether, the USD Coin (USDC) is a stablecoin, which means it is backed by US dollars and towards a 1 USD to 1 USDC rate. USDC is powered by Ethereum and you can use USD Coin to trade globally.
6. Solana (SOL)
Market cap: $29 billion
Developed to help power decentralized finance (Defi) uses, decentralized apps (DApps), and smart contracts, Solana runs on a unique hybrid proof of stake and protohistory mechanisms that help it process transactions quickly and securely. SOL, Solana’s native token, powers the platform.
When it launched in 2020, SOL’s price started at $0.77. By May 1, 2022, its price was around $87, a gain of more than 11,000%.
7. XRP (XRP)
Market Cap: $29 billion
Created by several founders like Ripple, a digital technology and payment processing company, XRP can be used on this network to facilitate the exchange of various currencies including fiat currencies and other major cryptocurrencies.
At the beginning of 2017, the price of XRP was $0.006. As of May 1, 2022, its price has reached $0.59, an increase of more than 9,800%.
8. Terra (LUNA)
Market Cap: $28 billion
Terra is a blockchain settlement platform for stablecoins based on maintaining a balance between two cryptocurrencies. Terra-backed stablecoins, such as TerraUSD, are pegged to the value of the physical currency. Their response, Luna, powers the Terra platform and is used to generate more Terra stablecoins.
Terra stablecoin and Luna work together based on supply and demand: when the price of the stablecoin exceeds the value of its associated coin, users are incentivized to burn their Luna to generate more of those Terra stablecoins. Likewise, when its value falls against the base currency, it incentivizes users to burn their Terra stablecoins to earn more Luna. As the adoption of Terra platforms increases, so does Luna's value.
From January 3, 2021, when its price was $0.64, to early May 2022, Luna has increased by more than 12,400% to $80.
9. Cardano (ADA)
Market Cap: $26 Billion
Sometime later in the crypto scene, Cardano stands out for its early adoption of proof-of-stake validation. This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification present in platforms like Bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which are powered by ADA, its native coin.
Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of May 1, 2022, its price was at $0.77. This is an increase of 3,750%.
10. TerraUSD (UST)
Market Cap: $19 billion
Launched in September 2020 in partnership with Bittrex, TerraUSD is a US dollar-pegged stablecoin. Terra also supports a Korean Wonpegged stablecoin called TerraKRW, which was launched before TerraUSD. TerraUSD is available on the Ethereum and Solana blockchains.
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