12 most popular cryptocurrency by Market Cap 2024
Other than Bitcoin, which often steals the spotlight in cryptocurrency discussions, there’s a plethora of alternative digital currencies known as “altcoins.” These alternatives have gained popularity, although they may not reach the same scale as Bitcoin, which paved the way back in 2009.
Now, let’s take a look at the most significant cryptocurrencies based on their total market capitalization – the dollar value of all coins in existence. This data is sourced from CoinMarketCap.com, as of December 21, 2023.
Bitcoin (BTC)
- Price: $43,701
- Market cap: $855 billion
- Bitcoin, the trailblazer of cryptocurrencies since its debut in 2009, gained widespread recognition in 2017. Its mysterious creator, Satoshi Nakamoto, marked the beginning of the digital currency era.
Ethereum (ETH)
- Price: $2,228
- Market cap: $268 billion
- Ethereum, both a platform and currency, stands out with its smart contract functionality, contributing to its popularity and recognition in the crypto space.
Tether (USDT)
- Price: $1.00
- Market cap: $91 billion
- Tether, a stablecoin pegged to the U.S. Dollar, serves as a bridge for traders moving between different cryptocurrencies.
BNB (BNB)
- Price: $272.75
- Market cap: $41 billion
- Binance Coin (BNB), issued by Binance, one of the largest crypto exchanges, initially designed for discounted trades, is now used for various transactions.
Solana (SOL)
- Price: $86.60
- Market cap: $37 billion
- Launched in 2020, Solana distinguishes itself with speedy transactions and a robust “web-scale” platform.
XRP (XRP)
- Price: $0.6151
- Market cap: $33 billion
- Formerly Ripple, XRP facilitates cross-border transactions and payments using a trust-less mechanism.
USD Coin (USDC)
- Price: $1.00
- Market cap: $25 billion
- Similar to Tether, USD Coin is a stablecoin anchored to the U.S. Dollar, designed to maintain a stable value.
Cardano (ADA)
- Price: $0.5996
- Market cap: $21 billion
- Founded by Ethereum’s co-founder, Cardano utilizes smart contracts, providing solutions for identity management.
Avalanche (AVAX)
- Price: $44.57
- Market cap: $16 billion
- Launched in 2020, Avalanche competes with Ethereum as a popular blockchain for smart contracts.
Dogecoin (DOGE)
- Price: $0.09158
- Market cap: $13 billion
- Initially a playful creation, Dogecoin gained attention from an internet meme. It has unlimited issuance and can be used for various transactions, unlike other cryptocurrencies.
Think of the cryptocurrency market like the Wild West—it’s a bit unpredictable. While the U.S. government is keeping a closer eye on it, diving into digital assets means you should only use money you can afford to lose. In 2022, crypto values went down, and in 2023, trading stayed pretty unpredictable.
Here’s the catch: regular folks like you might end up trading against really savvy players, making it a tricky experience, especially for beginners. So, be careful out there—crypto can be a bit like a rollercoaster ride, and it’s important to understand the risks before jumping in.
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12 most popular cryptocurrency by Market Cap 2024
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