Here we can see, “25 Cryptocurrencies That You Should Be Aware Of”
Cryptocurrencies number in the tens of thousands, and the number is growing by the day. However, most of these cryptocurrencies are insignificant and are merely personal projects; it’s relatively easy to create a cryptocurrency nowadays, so it’s no wonder that there are so many.
Only about 3,000 of these cryptocurrencies have a market capitalization of any significance. Because they don’t have any coins in circulation, they don’t have any market capitalization. At the time of writing, Bitcoin is the most popular cryptocurrency—it’s a coin that most people are familiar with, even if they don’t understand cryptocurrency.
To help you better understand the crypto market, we’ve compiled a list of the top 25 cryptocurrencies worth knowing about, collectively accounting for more than 90% of the industry’s value.
A Quick Guide to the Most Popular Cryptocurrencies
| Cryptocurrency | Year Created | Summary and Interesting Facts |
|---|---|---|
| Bitcoin (BTC) | 2009 | On August 18, 2008, the bitcoin.org domain was registered, and the concept was initially detailed in a white paper published on October 31, 2008. The first Bitcoin was not generated until January 3, 2009, when the Genesis block (the first Bitcoin block) was mined. Satoshi Nakamoto is the person who created it. Nobody knows who Satoshi is, which has led to many people claiming to be him. With a supply of $795 billion coins, Bitcoin is the largest and most trusted cryptocurrency. |
| Ethereum (ETH) | 2013 | Vitalik Buterin, a programmer, created Ethereum in 2013. On July 30, 2015, the first Ethereum currencies, known as Ether, were mined. Ethereum is a software tool that allows developers to create decentralized apps (DApps) on a public ledger. Smart contracts, which are bits of software that enable developers to create apps with activities such as trading, investing, lending, and borrowing, were initially deployed on the Ethereum blockchain. Ethereum 2.0 is expected to be released in 2022, allowing it to become the top-performing blockchain in terms of speed, cost, and energy efficiency. |
| Tether (USDT) | 2014 | Brock Pierce, Reeve Collins, and Craig Sellars established Tether in July 2014. The first tokens were released on the Bitcoin network on October 6, 2014. On November 20, 2014, it was rebranded Tether, and it currently issues currency on the Ethereum, EOS, Tron, Algorand, SLP, and OMG blockchains. Tether is a stablecoin, which means its value is linked to real-world assets like the US dollar. Tether claims that either cash backs each coin in the bank or other assets like equities and bonds, which keeps Tether's value consistent, unlike most cryptocurrencies. One Tether coin is roughly equal to one dollar in US currency. |
| Binance Coin (BNB) | 2017 | Binance Coin (BNB) is a cryptocurrency first launched in July 2017 and is based on the Ethereum network. Binance Chain, the Binance blockchain, and its native BNB token were released in 2019. BNB coin's primary purpose is to trade and pay the Binance cryptocurrency exchange fees. Binance Chain and Binance Smart Chain are compatible with BNB (BSC). Binance uses 20% of its revenues every three months to repurchase and permanently destroy Binance coins, removing them from circulation. This assures that the total number of Binance tokens in circulation will never exceed 200 million. |
| USD Coin (USDC) | 2018 | USDC was launched in September 2018 due to a partnership between the Centre consortium and the Coinbase cryptocurrency exchange. It's an Ethereum-based stablecoin that's pegged to the US dollar. There are no fees associated with exchanging one USDC for one US dollar. USDC can be purchased on a cryptocurrency exchange and stored in any Ethereum-compatible wallet. Visa, a wire transfer service, offers USDC as a payment method. |
| Cardano (ADA) | 2017 | Charles Hoskinson, a co-founder of Ethereum, launched the Cardano blockchain in 2017. The coin's name is ADA, after Ada Lovelace, a 19th-century English mathematician widely regarded as the world's first computer programmer. The entire production of ADA coins is limited to 45 billion. Cardano is highly energy-efficient, consuming less than 0.01 percent of the energy that Bitcoin consumes. |
| Solana (SOL) | 2020 | Anatoly Yakovenko and fellow co-founders founded Solana in February 2020. Solana is an open-source blockchain with innovative contract capabilities that allows it to host decentralized applications (DApps) that provide services and products in finance, gambling, and various other industries. The SOL token is used to pay transaction fees and validate blockchain transactions. Token holders will also have a say in future system updates. Solana is one of the world's fastest blockchains, and it also aims to be carbon neutral. |
| XRP | 2012 | XRP is the Ripple blockchain's native coin, established in 2012. XRP is a cryptocurrency that uses the Ripple blockchain to allow for rapid currency conversions. For example, you can transmit XRP to a receiver who requires Bitcoin payment. Ripple transforms XRP into Bitcoin and distributes it to the recipient and any other money, including dollars. Ripple also competes with SWIFT as a worldwide payments network. Customers include central banks and financial service suppliers. |
| Terra (LUNA) | 2019 | Terra blockchain was founded by Korean startup Terraform Labs' Daniel Shin and Do Kwon. Its LUNA coin was released in July of this year. Terra is a blockchain that hosts and issues stablecoins, backed by intelligent contract algorithms rather than US dollars. Luna is used to running the blockchain by creating stablecoins, paying transaction fees, and voting on the administration of the blockchain. |
| Dogecoin (DOGE) | 2013 | As a prank, Jackson Palmer and Billy Markus created Dogecoin in 2013. They were online pals who worked at major IT firms and wanted to bring attention to the silliness of the cryptocurrency craze. Surprisingly, it grew a big following and is one of the most popular cryptos today. It was the first "memecoin," using the Shiba Inu dog as its symbol. Dogecoin is designed to be plentiful. Ten thousand new coins are mined every minute, and there is no limit to the number of coins available. For some transactions, Tesla accepts it. AMC Entertainment Holdings, Inc. (AMC) is another company that takes Dogecoin for digital gift card transactions. |
| Polkadot (DOT) | 2020 | Gavin Wood and others released Polkadot on May 26, 2020. The Polkadot coin DOT is utilized as a governance token, allowing holders to vote on the Polkadot blockchain's management. Staking, which is how the Polkadot network verifies transactions and provides new DOT tokens, is also done. Polkadot is also a technology that allows two separate blockchains to communicate and trade data (Bitcoin and Ethereum, for example). |
| Avalanche (AVAX) | 2020 | Ava Labs, created by Cornell University professor Emin Gün Sirer and others, debuted Avalanche in 2020. It's a smart contract, a decentralized application (DApp), and a blockchain subnet platform (blockchain within a blockchain). AVAX is Avalanche's native coin, with a total supply limit of 720 million tokens. At the time of the introduction, 360 million tokens were created. Payments, staking, and trading are all done via AVAX. |
| Binance USD | 2019 | Paxos and Binance launched the BUSD stablecoin in 2019. It's a stablecoin with the US dollar as its backer. One BUSD unit is the same as one US dollar. Paxos owns US dollars in an amount equal to the total supply of BUSD. The token exists on the Ethereum, Binance Smart Chain, and Binance Chain blockchains. Holders can trade their tokens between blockchains on the Binance exchange (when making withdrawals) or through Binance Bridge. |
| Shiba Inu (SHIB) | 2020 | Ryoshi, an unknown developer, invented the Shiba Inu coin in August 2020. It was intended to be a Dogecoin-compatible Ethereum alternative. SHIB, like DOGE, has an ample supply. The total number of coins in circulation is one quadrillion. Shiba Inu's name refers to a Japanese dog breed, which is also the breed shown in Dogecoin's symbol. On May 13, 2021, Ethereum founder Vitalik Buterin gave approximately 50 trillion SHIB (about $1 billion) to the India COVID-Crypto Relief Fund. |
| Polygon (MATIC) | 2019 | In 2019, blockchain technologists Sandeep Nailwal, Jaynti Kanani, and business expert Anurag Arjun co-founded the Polygon network. It's an Ethereum layer 2 off-chain solution, which means it doesn't execute transactions directly on the blockchain to improve speed. It operates by establishing a link to Ethereum. It is significantly faster and less expensive than Ethereum. MATIC is the native cryptocurrency of the Polygon network, and it is used for fees, staking, and trade. The total number of MATIC coins available is capped at 10 billion. |
| TerraUSD (UST) | 2020 | TerraUSD was created in September 2020 due to a collaboration between Terra and Bittrex Global. It's a stablecoin based on Ethereum with a $1.00 value. It is not, however, backed by US dollars. Instead, the TerraUSD coin (UST) is created by burning (destroying) $1.00 worth of the LUNA token, TerraUSD's reserve asset. |
| Crypto.com Coin (CRO) | 2016 | Kris Marszalek and three other founding members created Crypto.com in June 2016. Its original token was MCO (Monaco coin), but it now uses the CRO coin as the Crypto.com Chain's native token. Businesses can accept cryptocurrency as payment through the Crypto.com Chain. Payments are made quickly in CRO or stablecoins and standard fiat currencies like dollars. The Crypto.com app allows users to purchase, sell, store, send and track more than 80 crypto assets and many fiat currencies. |
| Wrapped Bitcoin (WBTC) | 2019 | Wrapped Bitcoin (WBTC) was launched in 2019 by Bitgo, Kyber, and Ren, three cryptocurrency asset platforms. WBTC is an ERC-20 token that allows Bitcoin (BTC) to be stored in Ethereum wallets and used in DApps and smart contracts. 1 Bitcoin is worth 1 Wrapped Bitcoin. |
| Cosmos (ATOM) | 2014 | The Cosmos network was co-founded by Jae Kwon and Ethan Buchman in 2014, and it was published in 2019. Cosmos is a network ecosystem that allows users to share data and tokens without needing a central hub. Each Cosmos blockchain (referred to as a "zone") is linked to the Cosmos Hub, which keeps track of the status of each zone and vice versa. ATOM is Cosmos's native token. |
| Dai (DAI) | 2017 | Dai (DAI) is a decentralized stablecoin first released in December of 2017. It is based on Ethereum and seeks to maintain a $1.00 value. DAI isn't backed by a bank account full of US money. Instead, it's backed by collateral on the Maker platform, governed by a smart contract. DAI is a cryptocurrency that may be used to lend and borrow crypto assets without the need for a middleman. |
| Litecoin (LTC) | 2011 | Litecoin was founded in October 2011 by Charlie Lee, a former Google programmer. Because it is built on Bitcoin's source code, Litecoin is essentially identical to Bitcoin. It does, however, mine blocks at a rate that is at least four times faster than Bitcoin. Although transactions are often smaller in size, they are faster and cheaper than those on the Bitcoin network. The total quantity of Litecoins in circulation has been set at 84 million. |
| Chainlink (LINK) | 2017 | Chainlink was founded by Sergey Nazarov and Steve Ellis in 2017 and debuted on the Ethereum blockchain in 2019. It's a decentralized oracle network that allows Ethereum smart contracts to process data from external sources, APIs, and payment systems securely. The blockchain's token is LINK. LINK is used to pay for network services and incentivize network members to give correct data and verify transactions accurately. |
| NEAR Protocol (NEAR) | 2020 | Illia Polosukhin, a former Google engineer, and Alexander Skidanov, a Microsoft employee, developed NEAR in April 2020 as an Ethereum alternative. The network has a transaction rate of 100,000 per second. Transactions are instantly verified and accepted. NEAR provides customers with wallets with human-readable domain names and doesn't rely on third-party services like Ethereum Name Service. Two-factor authentication is used to handle the private keys of each wallet, making it simple to administer. |
| Uniswap (UNI) | 2018 | Hayden Adams, a former Siemens engineer, founded Uniswap in 2018. In September 2020, it debuted its UNI token. Uniswap is an Ethereum-based decentralized crypto exchange (DEX) that is fully automated. It allows traders to securely exchange Ethereum tokens using smart contracts rather than depending on a centralized exchange like Coinbase or Binance. Uniswap allows traders to swap tokens with one another easily. |
| Algorand (ALGO) | 2017 | Professor Silvio Micali of MIT founded Algorand in 2017. In 2019, he released the Algo token, a maximum supply of 10 billion Algo. It, like Ethereum, is intended to serve as a foundation for the development of crypto networks, decentralized apps (DApps), and crypto tokens. It's a fast, low-cost, carbon-neutral blockchain with smart contract functionality. |
Will Cryptocurrencies Become More Commonplace?
There was a period when money was only available in the form of a physical object. Cowrie shells, salt, gold, copper coinage, and paper were examples. They’ve all served as money or currency at some point in history.
Today, digital money accounts for most of the money in circulation. Credit cards, debit cards, mobile money, and, more recently, cryptocurrencies are examples.
It is unavoidable that, in the not-too-distant future, you will use cryptocurrencies to pay for groceries or rent in the same way that you do now.
Conclusion
I hope you found this guide useful. If you’ve got any questions or comments, don’t hesitate to use the shape below.
User Questions
1. Is XRP a good investment?
It’s also worth investing in XRP because it’s not only a wise choice in the cryptocurrency sector because of its differences, but it’s also a coin that’s now on the cheap. This indicates that there is still room for it to rise higher and reclaim the $1 level.
2. What is the next big crypto?
PancakeSwap is the next cryptocurrency to consider investing in in 2022. PancakeSwap, in its most basic form, is a decentralized exchange that debuted in late 2020. Users can purchase and sell digital tokens without going via a third party on the exchange.
3. What is Sol crypto?
Solana is a highly active open source project that develops a new layer-1 blockchain that is permissionless and fast. Solana was founded in 2017 by Anatoly Yakovenko, a former Qualcomm executive, to scale throughput beyond what is currently possible with popular blockchains while keeping prices low.
4. Top 25 Cryptocurrencies – 3 Pros, 3 Cons – Reddit
Top 25 Cryptocurrencies – 3 Pros, 3 Cons from CryptoCurrency
5. 25 Notable Cryptocurrencies [OC] : r/dataisbeautiful – Reddit
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