Top cryptocurrency 2022 by value: Bitcoin, Ether, Dogecoin, BinanceCoin and more
Summit cryptocurrency 2021 past value: Bitcoin, Ether, Dogecoin, BinanceCoin and more than
Editor's note
Be careful with cryptocurrency. The crypto marketplace is highly volatile and we do not recommend whatever particular cryptocurrency.
Unsurprisingly, the top cryptocurrency is Bitcoin. And it has been for years. Only when it comes to other cryptocurrencies, things are a lot more fluid. If fact, the marketplace moves so fast that what's boom today could be bust tomorrow.
That's why it'south important that you lot do know most Bitcoin alternatives before taking the plunge and investing in what can be a risky area. The crypto market place is far more than volatile than traditional stocks, with some coins growing in value swiftly, then dropping simply equally rapidly. Bitcoin, for instance, rose from $45,000 in March to a high of $63,000 in mid-Apr — and then plunged to $35,000 in May earlier ticking up to $36,000 in June.
If you practise determine to buy cryptocurrency, a good piece of advice is never to spend more than you can afford to lose. Summate the effect on your investment if the coin you owned were to fall past 20%, l% or even lxxx% overnight and weigh upward whether you lot could afford to hold on in the hope that values rose again, or if y'all'd exist tempted to sell at a loss.
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- Plus: Crypto scam: Nearly 100,000 people fleeced by fake mining apps
That said, fifty-fifty if you're not thinking of investing, cryptocurrency is a fascinating subject area.
While we all know about Bitcoin, there are hundreds, if not thousands, or other cryptocurrencies. Many are alternative — supposedly improved — versions of Bitcoin, but others, like Ethereum, Cardano and Chainlink, are much more than just a currency. And and so there'due south Dogecoin, which started off as a joke but is now 1 of the near valuable cryptocurrencies, plus other "memecoins" such as Shiba Inu coin.
In our guide to the peak cryptocurrency performers, nosotros outline the stories behind some of the key cryptos to be enlightened of, plus their current value, latest news and more.
Latest cryptocurrency news (updated July 7)
- Bitcoin is now 28% less difficult to mine, as a result of People's republic of china's crypto crackdown reducing the number of miners.
- Sotheby's appear it is accepting either Bitcoin or Ether in the sale of a rare diamond.
- A new study from CNBC explains why cryptocurrencies tend to crash on weekends.
What is the top cryptocurrency by value?
And so, which is the top cryptocurrency right now? Ane approach is to expect at market capitalization — essentially the total dollar value of a company'due south shares of stock. And in that regard, it'south hard to see across Bitcoin and Ethereum, which have sizable leads over their corresponding competition.
You can also await at the toll of an individual cryptocurrency share, or coin, which is useful for knowing how well (or otherwise) a crypto is performing, only it doesn't always tell the full story. So we're sticking with market cap for this guide to the top cryptocurrency performers right now.
That said, many of the other crypto projects listed beneath are super interesting and certainly worth looking further into. And with new cryptocurrencies such as SafeMoon and Chia springing up seemingly every twenty-four hour period, we'll be updating this top cryptocurrency list regularly.
Here are all the top cryptocurrencies (by marketplace cap every bit of July seven).
one. Bitcoin (BTC)
Bitcoin market cap: $649 billion
Bitcoin value: $34,692
The Bitcoin story: Bitcoin has been around since 2008 and is the blue chip cryptocurrency. It has, past far, the largest market place cap, the highest coin value, and the largest network of users.
Bitcoin was created by an unknown person or group who goes by the proper name of Satoshi Nakamoto. It was supposed to be the cash of the time to come, and although you can use it today to buy many goods and services, you lot wouldn't use information technology to buy a cup of coffee because the price of the transaction would be as well loftier.
Think of Bitcoin instead like the gilt of the future: not really useful for daily transactions, but yous want to have some for its stored value. It'southward likewise like gold in that it has a express supply, which is one of the things that makes Bitcoin so bonny to investors: a total of 21 one thousand thousand Bitcoins will always exist released, which makes Bitcoin inflation-proof.
Bitcoin performance history: Like all cryptos, Bitcoin started out worth virtually cypher. In 2017 information technology took off from under $one,000 to over $20,000, but within a twelvemonth was down around $4,000. In late 2020 it began skyrocketing again, this fourth dimension from effectually $ten,000 to a high of more than $threescore,000, before dropping sharply in May, mostly due to various Elon Musk tweets. Information technology's been up and down since then and is currently worth around $35,000.
How to purchase Bitcoin: Bitcoin tin can be purchased on crypto exchanges such every bit Coinbase, Binance, and Kraken; at Bitcoin ATMs; on PayPal; and on Robinhood. Don't be put off by the high cost of a coin: you can invest every bit little as $25 in Bitcoin on Coinbase.
2. Ethereum (ETH)
Ethereum market cap: $276.8 billion
Ether value: $2,378
The Ethereum story: If there is another contender for the top cryptocurrency title, it's Ethereum. Merely it doesn't compete with Bitcoin. Information technology's important to note that many and then-called cryptocurrencies aren't straight-upwards currencies like Bitcoin. Some, similar Ethereum, are instead unique technologies that besides take a money component. In Ethereum's case, its currency is chosen Ether, and it can be used in applications run on the Ethereum platform.
Ethereum is the leader in what'south known as these "smart contract" platforms. While Bitcoin was created for one apply case — as a currency — Ethereum was founded by Vitalik Buterin in 2015 with bigger and broader ambitions. The blockchain it runs on is programmable, meaning information technology can run programs, or apps, in a decentralized way, i.due east., on millions of computers at in one case. This opens upwardly many possible use cases, from technology and finance to gaming and collectibles, making Ethereum an bonny investment.
It's also worth noting that a new version of Ethereum is coming before long. Among other things, Ethereum 2.0 will reportedly by 99.95% more environmentally friendly than the current model.
Ethereum functioning history: In the past year, Ethereum's price has shot upward from around $200 to well over $iii,000. In fact, it recently passed $4,000 for the first time in early May and reached an all-fourth dimension high of more than than $4,350 recently, but has fallen sharply recently and currently stands at around $2,370.
How to buy Ethereum: You can buy ETH on the major crypto exchanges, Robinhood, and PayPal.
iii. Tether (USDT)
Tether marketplace cap: $62.3 billion
Tether value: $1
The Tether story: Tether is unique among the options in our elevation cryptocurrency list: it'south the leader in the category of cryptocurrency known as "stable coins." Why stable? Because they are pegged to a traditional currency, in this case the United states of america dollar.
For investors, these tokens offer the joint benefits of open blockchain engineering science and traditional currency. Tether was launched in 2015 and operates on the Ethereum platform. USD Coin is another stable coin, and many crypto folks think information technology's a safer bet than Tether, citing a greater transparency.
Tether functioning history: One Tether token = one USD. Always has, always will.
How to buy Tether: Purchase, sell, and use Tether tokens at Coinbase, Binance, Kraken, and other major crypto exchanges.
iv. Binance Money (BNB)
Binance Coin market cap: $50.half dozen billion
Binance Coin value: $331
The Binance Coin story: Binance Coin was launched in 2017 by the Binance cryptocurrency commutation, the world's largest crytpo commutation by volume. During its initial coin offer (ICO), it sold 100 million coins to the public at $0.fifteen per coin. Binance Coin can be used to pay transaction fees on the Binance commutation, to trade for other cryptocurrencies, and to pay for some goods and services. Every quarter, Binance uses 20% of its profits to purchase back and destroy Binance Coins. This will continue until Binance buys back and destroys 50% of the total supply, making its coin scarcer and therefore more valuable.
Binance Coin performance history: Since launching in 2017, Binance Coin has made a long, dull climb to about $threescore a money, before shooting upwards in February 2021 and reaching more than $600 at one point. As with virtually all of the top cryptocurrencies, it suffered a major fall recently; it's currently trading at around $330.
How to buy Binance Coin: The all-time place to buy, sell, trade, and agree Binance Coin is Binance
v. Cardano (ADA)
Cardano market place cap: $45.iv billion
Cardano value: $1.42
The Cardano story: Cardano, founded in 2017, is another Ethereum-like contender for the acme cryptocurrency crown: a blockchain platform that supports applications, systems, and real-life business utilise cases. It's a promising engineering just, like all the others, has a lot of catching upwardly to exercise with Ethereum in terms of its network size.
What makes Cardano unique is that information technology is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development squad consists of a large global commonage of proficient engineers and researchers, and the platform was built through peer-reviewed research.
Cardano functioning history: Cardano was cruising along at about $0.10 from its founding in 2017 until early 2021, when information technology jumped to well over a dollar and was recently trading at effectually $ii. Cardano had weathered the recent crypto market problems better than most, due to being one of the more environmentally friendly cryptocurrency options, but suffered a big autumn recently and is now back to around $1.42.
How to buy Cardano: Cardano can be purchased on Coinbase, Binance, Kraken, and many other crypto exchanges.
half dozen. XRP/Ripple (XRP)
XRP/Ripple market cap: $30.eight billion
XRP value: $0.66
The XRP/Ripple story: XRP's merits to fame is that information technology'south the fastest digital asset, enabling most real-fourth dimension global payments anywhere in the world. As such, some payment providers utilize XRP to expand their accomplish, lower strange exchange costs, and settle payments more than quickly.
XRP was launched in 2012 by a trio of developers, who then created a private company called OpenCoin, now chosen Ripple Labs, and gifted it 80 billion XRP. This is what makes XRP unique — it is, substantially, a for-profit platform, dissimilar almost every other crypto projection in the world.
Buyer beware: in belatedly 2020, the US Securities and Exchange Commission filed suit against Ripple and its two cofounders, challenge they raised over $1.3 billion through an unregistered, ongoing digital asset securities offer (aka XRP). The lawsuit is nonetheless unsettled.
XRP performance history: Aside from a blip of a fasten in Dec 2017-January 2018, XRP didn't scissure the $0.lx threshold until 2020. However it's grown throughout April and May is currently trading at around $0.79.
How to buy XRP: The easiest style to buy XRP is on one of the big crypto exchanges such as Coinbase, Binance, or Kraken.
7. Dogecoin (DOGE)
Dogecoin marketplace cap: $30.four billion
Dogecoin value: $0.23
The Dogecoin story: Dogecoin bills itself every bit "the fun and friendly net currency." Launched in 2013 by software developers Billy Markus and Jackson Palmer as a satire of Bitcoin and the exploding popularity of crypto, it's basically a Bitcoin clone with a cute dog meme for a mascot.
Dogecoin has no real use (though some people use it to give small tips on social media), just it's developed a growing fanbase that'due south boosted the cost of a Dogecoin from less than a penny a few months ago to well-nigh $0.twoscore today, making it ane of the acme cryptocurrency performers by marketplace cap if zip else. Dogecoin also started what is at present known as the "memecoin" infinite. If you're looking for the next large memecoin, it could be SafeMoon, which launched in March 2021 and already has over a million users. SafeMoon encourages investors to buy and hold past imposing a 10% fee on anyone who sells their tokens.
Dogecoin operation history: In early 2021, Dogecoin crossed the $0.05 threshold for the starting time time, then went to the moon in Apr, recently trading at an all-time high of $0.70. Information technology dropped to below $0.45 following Elon Musk's appearance on Saturday Night Live, and at one point in May was as low every bit $0.27. Nevertheless, its topsy-turvy year connected final month, when the news that it will exist listed on the Coinbase Pro exchange helped information technology climb back above $0.40. A fall since so has seen it return to around $0.23.
How to buy Dogecoin: Y'all can buy Dogecoin on Robinhood and many of the major crypto exchange like Binance and Kraken, simply information technology's non available on Coinbase.
eight. USD Coin (USDC)
USD Money market cap: $25.seven billion
USD Money value: $i
The USD Coin story: Like Tether, USD Coin is a and then-called stable coin that's linked to the U.S. dollar. That makes information technology far less subject to price fluctuations than many other cryptocurrencies — and indeed, USD Money has been relatively unaffected by the recent turmoil in the market. USD is also big on transparency, assuring investors that they volition be able to withdraw 1 USDC and receive $1 in return.
USD Money performance history: USDC is worth $1
How to buy USD Coin: Purchase USD Coin on major crypto exchanges such as Coinbase and Binance.
9. Polkadot (DOT)
Polkadot market cap: $15.9 billion
Polkadot value: $16.68
The Polkadot story: Lots of the acme cryptocurrency projects take lofty goals, but Polkadot's is 1 of the loftiest: to "enable a completely decentralized spider web where users are in control." Launched in 2020, Polkadot is the flagship project of the Swiss Web3 foundation. If Web 1.0 was commerce, and Web ii.0 was social, think of Web3 as decentralization. Polkadot's technology stitches together different blockchains, enabling them to substitution information and transactions and operate together seamlessly.
Polkadot performance history: This crypto was trading at about a nickel until late 2020, when information technology took off (stop us if yous've heard this one earlier) and was recently trading at around $41. However a big fall recently has seen information technology drop back to effectually $16.50.
How to buy Polkadot: Buy Polkadot on major crypto exchanges such as Coinbase, Binance and Kraken.
x. Uniswap (UNI)
Uniswap market cap: $13.3 billion
Uniswap value: $22.78
The Uniswap story: Virtually cryptocurrency trading takes place on centralized exchanges such as Coinbase, Binance, and Kraken. Uniswap, launched in 2018, is a decentralized crytpo exchange that runs on the Ethereum platform — transaction fees must exist paid for in ETH.
The Uniswap app can swap all different types of tokens but does not connect to the traditional financial network, meaning you can't convert to USD or Euro or other fiat currencies. (Though yous can catechumen to some stablecoins — see Tether above.) Uniswap as well has its own "governance token": if you own this token, you have a right to vote on the management of the projection'southward development. Uniswap recently passed Coinbase in trading book, and many crypto followers think it could be the future of all exchanges.
Uniswap operation history: Launched in 2018, Uniswap striking a loftier of $42 in late April 2021. It is currently trading under $23.
How to purchase Uniswap: Purchase Uniswap on major crypto exchanges such equally Coinbase, Binance and Kraken.
- More than: Our guide to the all-time crypto wallets
Source: https://www.tomsguide.com/news/top-cryptocurrency-by-value-bitcoin-ether-dogecoin-binancecoin
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