Are you thinking of investing in crypto? As of 2022, there are almost 10,000 cryptocurrencies that you can invest in. With so many cryptocurrencies in the market, a new investor may feel overwhelmed and confused about which crypto to invest in. Luckily for you, we have compiled a list of the top 10 cryptocurrencies in the US today according to their market capitalization. Have a look.
Bitcoin was the first ever cryptocurrency to be created in 2009. Its current market cap is over $730 billion. Back in 2016, you could buy a single Bitcoin at $500. However, in Feb 2022, the price of a single Bitcoin has increased by 7600% to about $38000. If you want a cryptocurrency that is safe against fraudsters, BTC is the way to go.
Ethereum serves two purposes; a block chain platform and a cryptocurrency. The current market capitalization of Ethereum is over $327 billion. In 2016, the price of Ethereum was about $11. Today, the market price of Ethereum is more than $2500. If you want to invest in NFTs, ETC is a good option.
Do want to invest in a cryptocurrency that is stable and backed by fiat currencies such as the Euro and US dollars? If so, then Tether is what you are looking for. It has a market capitalization of more than $78 billion and is the best option if you do not like the risks associated with volatile cryptos.
Apart from being one of the best cryptocurrencies in the US, Binance is also among the biggest crypto exchanges globally. The crypto has a market capitalization of above $63 billion, and can be used for functions such as booking travel reservations, trading, and processing payments.
US Dollar Coin (USD Coin)
Did you know that the US dollar also has its own cryptocurrency? The US Dollar coin is a stable coin that is powered by Ethereum and backed up by the US dollar. The current market capitalization is above $50 billion, making it a suitable option for carrying out global transactions.
Cardano is one of the most efficient cryptos that you will find out there. ADA powers the crypto as its native coin and its market capitalization is above $35 billion. In 2017, the price of ADA was only $0.02. In 2022, ADA’s price is about $0.84. Cardano is a good cryptocurrency for beginner investors because it is cost friendly.
Solana was launched in 2020, and its starting price was only $0.77. In 2022, the price of Solana is more than $80. Solana was created to power smart contracts, DeFi uses (decentralized finance), and DApps (decentralized apps). If you are looking for a platform that processes transactions securely, then the hybrid mechanisms (proof of stake and proof of history) of Solana will be an added advantage to you. The market capitalization of Solana is above $33.5 billion.
With a market capitalization of above $29 billion, XRP is a digital payment processing tech company that facilitates the exchanges of both cryptocurrencies and fiat currencies. Its price rose from $0.006 in 2017 to $0.69 in 2022.
The market capitalization of Terra is more than $21 billion. Terra provides a payment platform for various stable coins such as Terra USD, which are tied to physical currency values. On the other hand, Luna powers the Terra block chain platform. Its price has risen from $0.64 in 2021 to $65.75 in 2022.
Polkadot integrates various cryptocurrencies to create a network that connects block chains allowing them to work together. The market capitalization of Polkadot is over $19 billion with its price increasing from $2.93 in 2020 to about $16.02 in 2022.
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