Top 10 Most Valuable Crypto Currencies In The World And Their Uses.

Top 10 Most Valuable Crypto Currencies In The World And Their Uses.
Top 10 Most Valuable Crypto Currencies In The World And Their Uses.

Top 10 Most Valuable Crypto Currencies In The World And Their Uses.

Bitcoin is ever known to be a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, but also has become the de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.

What Are Cryptocurrencies?

Before we take a closer look at some of these altcoins, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.

The “crypto” in cryptocurrencies refers to complicated cryptography that allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called “mining”) and other controls.

Top 10 Most Valuable Crypto Currencies In The World And Their Uses.

Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular, this foundational aspect of the industry has come under fire. The cryptocurrencies modeled after Bitcoin are collectively called altcoins, and in some cases “shitcoins,” and have often tried to present themselves as modified or improved versions of Bitcoin. While some of these currencies may have some impressive features that Bitcoin does not, matching the level of security that Bitcoin’s networks achieve largely has yet to be seen by an altcoin.

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Top 10 Most Valuable Crypto Currencies In The World And Their Uses.

Below, we’ll examine some of the most important digital currencies starting from Bitcoin. First, though, a caveat: It is impossible for a list like this to be entirely comprehensive. One reason for this is the fact that there are more than 6,500 cryptocurrencies in existence as of 2021.1 While many of these cryptos have little to no following or trading volume, some enjoy immense popularity among dedicated communities of backers and investors. Below are the lists of the top 10 most popular, valuable and most potential Crypto-Currencies in the world as of September 2021.

Top 10 Most Valuable Crypto Currencies In The World And Their Uses.

1. Bitcoin (BTC)

Market cap: Over $856 billion

Created in 2009 by someone under the pseudonym 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. Five years ago, you could buy a Bitcoin for about $500. As of August 2021, a single Bitcoin’s price was over $45,000. That’s growth of about 8,900%.

2. Ethereum (ETH)

Market cap: Over $357 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 non-fungible tokens (NFTs).

Ethereum has also experienced tremendous growth. In just five years, its price went from about $11 to over $3,000, increasingly roughly more than 27,000%.

3. Binance Coin (BNB)

Market cap: Over $70 billion

The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.

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Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

Its price in 2017 was just $0.10; by August 2021, it had risen to over $419, a gain of almost 419,000%.

Top 10 Most Valuable Crypto Currencies In The World And Their Uses.

4. Cardano (ADA)

Market cap: Over $69 billion

Somewhat later to the crypto scene, Cardano is notable for its early embrace 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 August 2021, its price was at $2.11. This is an increase of over 10,000%.

5. Tether (USDT)

Market cap: Over $64 billion

Unlike some other forms of cryptocurrency, Tether is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.

Top 10 Most Valuable Crypto Currencies In The World And Their Uses.

6. XRP (XRP)

Market cap: Over $52 billion

Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.

At the beginning of 2017, the price of XRP was $0.006. As of August 2021, its price reached $1.14, equal to a rise almost 19,000%.

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7. Dogecoin (DOGE)

Market cap: Over $40 billion

Dogecoin has been a hot topic thanks to celebrities and billionaires like Elon Musk. Famously started as a joke in 2013, Dogecoin rapidly became a prominent cryptocurrency option, thanks to a dedicated community and creative memes. Unlike many other cryptos, such as Bitcoin, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to devaluation as supply increases.

Dogecoin’s price in 2017 was $0.0002. By August 2021, its price was at $0.31—a 154,900% increase.

8. USD Coin (USDC)

Market cap: Over $23 billion

Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.

9. Polkadot (DOT)

Market cap: Over $25 billion

Cryptocurrencies may use any number of blockchains; Polkadot (and its namesake crypto) aims to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together. This integration may change how cryptocurrencies are managed and has spurred impressive growth since Polkadot’s launch in 2020. Between September 2020 and August 2021, its price grew 774%, from $2.93 to $25.61.

10. Solana (SOL)

Market cap: Over $20 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 proof-of-history mechanisms that help it process transactions quickly and securely. SOL, Solana’s native token, powers the platform.

Launched in 2020, SOL’s price started at $0.77. By August 2021, its price was $73.19, a gain of 9,405%.

*Market caps and pricing current as of August 19, 2021, Thank you very much for reading Top 10 Most Valuable Crypto Currencies In The World And Their Uses, to the end. we urge you to check back for possible updates to this page.

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