What is the most valuable cryptocurrency? Bitcoin, Ethereum, Dogecoin, BinanceCoin, and a whole lot more.
The cryptocurrency with the most market capitalization has historically been Bitcoin, and it seems doubtful that this will change soon. As such, it is quite difficult to keep up with all of the many cryptocurrencies in the market.
Even though you should know about them, bitcoin investing is a risky proposition. Crypto markets are highly volatile; one currency can see a sudden rise in value before suddenly losing it. Bitcoin, for instance, reached a high of $63,000 in mid-April, before dropping below $35,000 in May.
For best results, never invest more than you can afford to lose. Weigh up whether you could afford to hold on, or if you'd be tempted to sell at a loss, and calculate the impact on your investment.
Robinhood app - a simple explanation
It's mind-blowing how fast this electric hypercar is. Additionally, Bitcoin remains exciting even if you're not thinking on investing.
While we all know about Bitcoin, there are likely thousands of other cryptocurrencies. Many alternative coins, like as Ethereum, Cardano, and Chainlink, are more than just a currency. Dogecoin is one of the most valued cryptocurrencies, and there are several "meme coins" as well, such as the Shiba Inu coin.
Read our guide to the top cryptocurrencies' performance, and see where the big cryptos stand, along with their recent movements, headlines, and valuation.
Latest cryptocurrency news (updated June 2)
- The news that it will be featured on the Coinbase Pro exchange drove up Dogecoin's price for two weeks. Right now, the price has increased by twenty percent in the last day.
- According to Coindesk, Biden's 2022 budget contains new crypto reporting requirements.
- "Alternative Payments" is hiring someone with cryptocurrency experience.
What is the most valuable cryptocurrency?
Which coin has the most value? A method of analysis is to measure the entire dollar worth of the stock issued by a corporation. At the moment, it's nearly impossible to envision anything beyond Bitcoin and Ethereum.
It is also possible to examine the price of an individual cryptocurrency share, or coin, and examine how well (or otherwise) a particular cryptocurrency is performing. So we'll be using market cap for this bitcoin performance guide.
However, of course, this doesn't mean that the other initiatives listed below are bad or useless. New cryptocurrencies, such as SafeMoon and Chia, appear daily. This list will be updated frequently.
Find all the top cryptocurrencies (by market cap as of June 2).
1. Bitcoin (BTC)
Market cap: $706.1 billion
Bitcoin price: $37,757
Bitcoin: Bitcoin has been around since 2008 and is the go-to cryptocurrency. It has the largest market cap, biggest coin value, and the largest user base.
Bitcoin was invented by an anonymous person or group known as Satoshi Nakamoto. Future currency. While you can use it today to purchase numerous goods and services, you wouldn't use it to buy a cup of coffee since the transaction costs would be too high.
Instead of thinking of Bitcoin as a currency for everyday transactions, think of it as a safe haven asset. As with gold, Bitcoin has a limited supply, and it is one of the things that attracts investors: 21 million Bitcoins will ever be created, which makes Bitcoin inflation-proof.
Like all cryptos, Bitcoin's initial value was close to zero. Within a year, though, it was trading under $4,000. In the previous several weeks, the price has dropped substantially due to numerous Elon Musk comments. Currently, it's worth $37,700.
Where to buy Bitcoin: Exchanges such as Coinbase, Binance, and Kraken; ATMs; PayPal; and Robinhood are all good options. Invest as little as $25 in Bitcoin with Coinbase, and you'll have your Bitcoin in no time.
2. Ethereum (ETH)
Market cap: $317.5 billion.
Worth: $2,731
Ethereum's storey: Ethereum is currently the number two cryptocurrency behind Bitcoin. Bitcoin doesn't challenge it. Many so-called cryptocurrencies are not straight-up currencies like Bitcoin. Some, like Ethereum, are technology in addition to a cryptocurrency. The primary function of Ethereum's currency is to operate on the Ethereum platform.
Ethereum is regarded as the “smart contract” platform. Ethereum was built by Vitalik Buterin in 2015 with a greater and more ambitious purpose in mind. The blockchain is programmable, which means it can execute apps, or programmes, on millions of computers at simultaneously. With so many different use cases available, the price of Ethereum makes it an enticing investment.
In addition, a new version of Ethereum is on the way. Ethereum 2.0 will supposedly be around 99.95% more environmentally friendly than the present iteration.
In the past year, Ethereum's price has gone up from roughly $200 to over $3,000. In fact, it just reached an all-time high of $4,350, but has subsequently plummeted to $2,700.
You may buy ETH on the following exchanges: Robinhood, and PayPal.
3. Binance Coin (BNB)
Binance Coin market cap: $62.1 billion
Binance Coin (BNB) market capitalization: $404.9
The Binance storey: Binance Coin was created in 2017 by the world's largest crypto exchange, Binance. During its ICO, it offered 100 million coins to the public at $0.15 per coin. Binance Coin may be used to pay fees on the Binance exchange, to trade for other cryptocurrencies, and to pay for goods and services. Binance spends 20% of quarterly income to purchase back and destroy Binance Coins. Until Binance buys back and destroys 50% of the total supply, the coin will remain scarce and more valuable.
Binance Token history, since introduction in 2017: The coin slowly rose from roughly $20 a coin to a high of over $600 in February 2021. It saw a massive decline recently, and is now trading at $375.
The best location to purchase, sell, trade, and hold Binance Coin is Binance.
4. Tether (USDT)
USDT market cap: $61.7 billion
Brick value: $1
Tether explained: Tether is the leader in the type of cryptocurrency known as “stable coins.” What's so stable about that? In this example, they are linked to the U.S. dollar.
Traditional cash and open blockchain technology work together to benefit investors. Tether was founded in 2015 and uses the Ethereum blockchain. The other stable coin, USD Coin, is more transparent than Tether, according to the crypto community.
A tether token is one USD. has, will always
Buy, sell, and use Tether coins at Coinbase, Binance, Kraken, and other major crypto exchanges.
5. Cardano (ADA)
Cardano's market cap: $56.4 billion
Cardano price: $1.76
Cardano's storey Another Ethereum-like competitor, Cardano, was established in 2017. This new technology has a lot of catching up to do with Ethereum when it comes to its network size.
Cardano is the first blockchain platform to have evolved out of a scientific ideology and a research-first oriented strategy. The development team includes a big collective of skilled engineers and academics who constructed the platform using academic research.
Cardano performance history: Cardano had cruised along at roughly $0.10 until early 2021, when it climbed beyond $1 and was recently trading at $2. Although being more ecologically friendly than other cryptocurrencies, Cardano had a substantial drop in value. As of today, it is trading about $1.76.
On Coinbase, Binance, Kraken, and other crypto exchanges, you can buy Cardano (ADA).
6. Dogecoin (DOGE)
Market cap: $53.1 billion
Bitcoin value: $0.41
Dogecoin bills itself as “the fun and friendly online currency.” The creators of dogecoin, Billy Markus and Jackson Palmer, launched it in 2013 as a parody of bitcoin and the increasing popularity of cryptocurrencies.
Dogecoin has no real use, but its rising fandom has seen the price of a single Dogecoin jump from less than a penny a few months ago to $0.40 today, which is why it's currently the seventh largest cryptocurrency by market valuation. Dogecoin also created the “memecoin” industry. The next major memecoin could be SafeMoon, which began in March 2021 and has over a million users currently. SafeMoon charges a 10% fee on anyone who sells their tokens.
Dogecoin history: in early 2021, the Dogecoin token broke the $0.05 mark for the first time, and in April reached an all-time high of $0.70. After Saturday Night Live, the price sank to under $0.45 USD, but later in the day it rose after the announcement that it will be listed on Coinbase Pro. It's presently worth $0.41.
Dogecoin can be bought on Robinhood and many of the big crypto exchanges, but not on Coinbase.
7. XRP/Ripple (XRP)
XRP market cap: $47.3 billion
XRP: $1.03
XRP is known to be the fastest digital asset, which is a big reason it is so well known. XRP can help increase payment providers' reach, cut down on foreign exchange costs, and settle payments more swiftly.
XRP was established in 2012 by three developers, who subsequently founded a private corporation named OpenCoin, and handed it 80 billion XRP. Because of this, XRP is, in essence, a profit-making platform, unlike practically every other cryptocurrency.
The SEC sued Ripple and its creators last year, claiming they conducted an unregistered and ongoing digital asset securities sale that raised over $1.3 billion (aka XRP). The lawsuit is not yet over.
Other than a brief increase in December 2017-January 2018, XRP failed not break the $0.60 barrier until 2020. But, in spite of this, the current price is approximately $1.
The easiest way to purchase XRP is via a major cryptocurrency exchange such as Coinbase, Binance, or Kraken.
8. Polkadot (DOT)
The market cap of the Polkadot token is $24.1 billion
value: $26.1
Polkadot's storey: Polkadot's mission is to provide a totally decentralised web where users are in charge. Polkadot is the flagship project of the Swiss Web3 foundation. To sum it up, think of Web 3.0 as decentralisation. Polkadot's technology weaves together several blockchains, allowing them to communicate and conduct transactions.
Polkadot past performance: This crypto traded at roughly a nickel until late 2020, when it began to rise and is currently trading around $41. Recent bad news has seen it go down to about $26.
Buy Polkadot on major crypto exchanges such as Coinbase, Binance, and Kraken.
9. USD Coin (USDC)
USDC market cap: $22.7 billion
one U.S. dollar.
USD Coin: Like Tether, USD Cryptocurrency is a stable coin linked to the dollar. USD Coin is less volatile than many other cryptocurrencies, and the recent turbulence in the market has had little effect on USD Coin. USD is transparent, ensuring investors that they would be able to withdraw 1 USDC and receive $1.
USDC has appreciated over time.
How to acquire USD Coin: Buy USD Coin on Coinbase and Binance.
10. Uniswap (UNI)
Uniswap market cap: $15.7 billion
Swap value: $27.7
Most bitcoin trading happens on centralized exchanges like Coinbase, Binance, and Kraken. Uniswap was founded in 2018 and runs on the Ethereum blockchain.
We've launched! Ready for an intriguing tech event?
Uniswap enables token swapping but cannot link to the traditional financial network, meaning you cannot convert to USD or Euro or other fiat currencies. You can convert some cryptocurrencies to some stablecoins. Uniswap also includes its own “governance token”: owning this token gives you a voice in how the project is run. A lot of people in the crypto community think that uniswap is the future of all exchanges.
Uniswap performance history: Uniswap launched in 2018 and peaked at $42 by April 2021. Currently trading at $27.
How to buy Uniswap: Buy Uniswap on major crypto exchanges like as Coinbase, Binance, and Kraken.
11. Chainlink (LINK)
Chainlink's market cap: $13.2 billion
$30.8Chainlink value
Chainlink's backstory: As with Ethereum, Chainlink is a tool that underpins the crypto market, rather than a single currency. To be clear, it's essentially a network that facilitates interoperability between blockchains and non-blockchain technology. More information can be found here. 1 billion LINK tokens were issued with Chainlink, the blockchain network. 35% of these were issued to Node Operators, another 35% were offered to the public, and the firm holds the other 30%.
Over the course of Chainlink's lifespan, LINK's price fluctuated significantly. It increased to $31 in June but has since decreased to $29.
Buy Chainlink on major crypto exchanges like as Coinbase and Binance.
12. Internet Computer (ICP)
Internet market cap: $13.1 billion
Value: $106
Internet computer storey Before May 10, 2021, the Internet Computer only entered the top 10 largest cryptocurrencies by market cap. This isn't surprising because Internet Computer, or ICP, is large. It's sometimes referred to as the third significant blockchain innovation, following Bitcoin and Ethereum.
However, ICP, which was founded by the software startup Dfinity, wants to reinvigorate the internet. Around 469 million ICP tokens were created, of which around 26% are estimated to be in circulation.
The launch of the Internet Computer was an enormous success. It rose from $0 to $488 in one day. After falling back dramatically, it's hovering at $106.
ICP is accessible on Coinbase and is likely to be available on Binance and other crypto exchanges soon.
13. Bitcoin Cash (BCH)
The market cap of Bitcoin Cash is $13.3 billion.
BCH value: $700
Bcash's short history: Beware of the term; Bitcoin Cash is a distinct cryptocurrency from Bitcoin. Nevertheless, this implementation was designed by a group of developers that wanted to reduce down the transaction fees of Bitcoin. After another split, Bitcoin SV was created.
Bitcoin Cash has a lot of catching up to do to Bitcoin in terms of the size of its network. Prices soared to about $4,000 back in 2018, and then decreased dramatically over the next two years. A sudden spike in recent weeks saw it rise to about $1,500, but it has since decreased and is currently worth about $700.
On Coinbase, Binance, and Kraken, you may buy Bitcoin Cash.
14. Litecoin (LTC)
The market cap of Litecoin is $12.4 billion.
Litecoin: $186
The Litecoin storey: Litecoin was launched in 2011 by Charlie Lee, and is an established Bitcoin-based cryptocurrency. Speed, efficiency, and larger initial coin distribution were all put forth as priorities. Litecoin confirmation times are four times faster than Bitcoin confirmation times. Litecoin has a supply limitation of 84 million coins, four times the amount of Bitcoin.
Litecoin soared quickly above $300 in late 2017 before dropping as low as $25 in 2019. It recently passed the $400 barrier for the first time and is currently trading at $185.
You may buy Litecoin on a number of different exchanges, including Coinbase, Robinhood, and PayPal.
15. Polygon (MATIC)
The polygon market cap is $11.3 billion.
Total: $1.81.
This Polygon storey: Polycoin is significantly more than just a money. Polygon is a network that provides a framework for developing and connecting blockchains, powered by Ethereum technology. It also has a token, in this case MATIC.
Polygon polygonal history: In January 2021, MATIC was valued as $0.19. It recently had a value of $2.63, before declining to its current price of $1.81.
On major cryptocurrency exchanges such as Coinbase and Binance, buy Polygon.
