Top 10 Most Popular Cryptocurrencies in 2022 So Far

The most popular are usually those with the highest market capitalization. Of course, people already know about them, and that’s why they’re there. This market cap is usually over $10 billion. It is the amount that capital investors have injected into the crypto asset in the market. You can get the market capitalization by multiplying the current coin’s unit price by its circulating supply. But this is not a math class. And before you get bored with all the statistical details, let’s dive straight into the top 10 most popular cryptocurrencies in 2022.

1. Bitcoin (BTC)

If we go by market capitalization, you can already guess that Bitcoin tops our list. Even aside from that, Bitcoin owes much of its popularity to the fact that it was the first cryptocurrency. It was created in 2009 by Satoshi Nakamoto as the first fund without any central authority. The first fully decentralized system and the first successful application of blockchain technology. Sounds like a superstar to me. And indeed, it is.

A total supply of 21 million has been programmed for circulation, but 18.9 million are now in circulation. Today, one Bitcoin is worth $42,557.00. It has a market capitalization of $801.7 billion with a trading volume of $29.1 billion. A similar asset to Bitcoin is Litecoin.

2. Ethereum (ETH)

The second most popular cryptocurrency to date is Ether (ETH). If Bitcoin was the first payment blockchain, Ethereum was the first smart contract network. It was launched in July 2019 to support decentralized applications and smart contracts. Although it now runs on a proof-of-work algorithm, the Eth2 upgrade will feature a proof-of-stake mining model.

ETH powers the blockchain in addition to serving as currency. Today, ETH costs $3,301.70 and has a market capitalization of $394.4 billion. It has an uncapped supply with approximately 119.2 million ethers in circulation currently. It is listed on most stock exchanges.

3. Binance Coin (BNB)

The third most popular coin is the native token of the Binance exchange. It was created using the ERC-20 standard. BNB is a utility token for settling trading, listing, exchange, and other fees on the Binance ecosystem.

BNB was introduced in July 2017 with an ICO that lasted a month. Of the total supply of 200 million, 31.8 million was burned as a deflationary mechanism. BNB is priced at $483.43 right now. It has a market cap of $80.9 billion.

4.Tether (USDT)

Tether is the first and one of the most popular stablecoins. It has a market capitalization of $78.7 billion, with a trading volume of $56.4 billion. In July 2018, it peaked at $1.32. It is worth $1.00 right now.

It was launched in 2014 as RealCoin and started trading in February 2015. Tether is not highly volatile like most cryptocurrencies as it is pegged to USD. Also, it eliminates transaction costs and speeds up trade execution. It is listed on many stock exchanges.

5. Solana (SOL)

The “Ethereum Killer” was developed by Anatoly Yakovenko in 2017 as a fast, scalable and secure platform. It can support the creation of decentralized applications, NFT markets, DeFi, etc. The blockchain runs on proof-of-stake and proof-of-history consensus algorithms. Its native coin (SOL) has a market capitalization of $46.06 billion.

SOL reached an ATH of $259.96 in November 2021. Today it is trading at $146.10 per SOL. 313.5 million soles are currently in circulation. It is used as a governance token to settle transaction costs and staking.

It is listed on Huobi Global, KuCoin, Coinbase Exchange and Binance.

6. USD coin (USDC)

USD Coin is the second most popular stablecoin after USDT. It was launched in 2018 by CENTER and is also pegged to USD. Initially it was an ERC-20 token but it is now on Algorand ASA, Solana SPL and Stellar. It can be traded, held, or used in dApps and DeFi.

It is currently worth $1.00, but it peaked at $1.17 in May 2019. It has a market capitalization of $45.1 billion and a trading volume of $2.7 billion. There are 45.1 billion available in circulation today. It’s about DEXs and CEXs.

seven. Gimbal (ADA)

The native Cardano coin (ADA) is the 7th most popular coin with a market capitalization of $40.56 billion today. It costs $1.27 now after falling 59% from an ATH of $3.09 in September 2021. ADA allows users of the Cardano blockchain to transact and participate in network governance. It can also be staked.

Cardano is the first blockchain to use the Ouroboros consensus algorithm. It was developed in 2017 by Charles Hoskinson and Jeremy Wood. It supports the development of dApps with its ledger and smart contracts. The blockchain has two cores, the settlement and computation layers, which facilitate its operations.

8. Ripple (XRP)

Like BTC, XRP was created to settle payments. It is the native token of the XRP Ledger and other Ripple Labs services. Unlike most blockchains, validation is somewhat centralized on Ripple. It has a list of nodes where users can validate their transactions.

XRP is used to execute transactions on the XRP Ledger. It is worth $0.77 today, with a market cap of $36.9 billion now. It reached an ATH of $3.40 in January 2018. There is currently 47.6 billion of the pre-mined 100 billion in circulation.

9. Peas (DOT)

Peas was created in 2016 and launched in May 2020 by Robert Habermeier, Peter Czaban and Gavin Wood. It boasts of security, scalability and decentralization. It operates on a Nominated-Proof-of-Stake (NPoS) consensus mechanism.

DOT is its native cryptocurrency. It can be traded, staked and used as a governance token. The price of DOT is currently $26.28, but reached an ATH of $54.98 in November 2021. It has a market capitalization of $29.4 billion.

ten. Earth (LUNA)

Terra is a blockchain that supports the creation of stablecoins. They can be traded and traded on the ecosystem or various exchanges. Terraform Labs created it. It works on Tendermint Delegated-Proof-of-Stake (DPoS) consensus algorithm.

The ecosystem consists of CHAI, Anchor Protocol, Terra Bridge and Mirror Protocol. LUNA is its native token to make stablecoins stable. LUNA’s total supply is less than one billion. LUNA costs $80.47 as of today and has a market capitalization of $28.9 billion.

If you are looking for a stable cryptocurrencies for investing, these ten coins are your best bet. They have high market caps and more security advantages. However, don’t take my word for it. Be sure to research thoroughly and average out your expenses before investing in any cryptocurrency.

This news is republished from another source. You can check the original article here

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