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10 Largest Cryptocurrencies

Most Popular Cryptocurrencies
Most Popular Cryptocurrencies

Last updated on October 23rd, 2022 at 11:36 am

Cryptocurrency investors and enthusiasts have seen their assets go red in the last couple of days. It’s across the board, Altcoins and Stablecoins also plunged.

For instance, the largest cryptocurrencies by market capitalization, Bitcoin and Ethereum are currently down by more than 50% from their all-time highs posted in the November 2021 bull run.

This post takes a look back at the all-time high of the 10 largest cryptocurrencies since they were launched even as the dip continues, prompting a Redditor to share a story of how he recovered from trading loses

N.B: All-Time High or ATH is the highest price paid for a crypto asset since it was launched or listed.

So, what are the 10 largest digital coins in the World?

Table of Contents

Bitcoin (BTC)

During the 2021 bubble, the largest and most valuable cryptocurrency, Bitcoin reached an all-time high of $68,789 on November 10, 2021.

But at the time of updating this write-up, Sunday, October 23, 2022 (11:40) BTC is trading at $19,177.41 (it was $29,444.70/BTC in May 2022), which means BTC dropped more than 50% of its value since its 2021 bubble.

Its market capitalization is $537,056,478,591 as of November 10, 2021 market capitalization, but it is $368,062,625,989). It reached the highest market cap $1,226,431,510,693 in history, according to the November 2021 historical data of BTC.

About Bitcoin

Bitcoin was first introduced by Satoshi Nakamoto in 2009. It was worthless at the time of its invention. Its value has given birth to more than 1,000 digital coins. It remains the most popular cryptocurrency in the market.

The technology that backed the BTC blockchain is being explored by researchers in many sectors to quicken the ways and processes of carrying out tasks that would have ordinarily taken weeks or months to accomplish.

Want to invest in Bitcoin?

You don’t have to buy a whole BTC. A bitcoin can be divided into small units called satoshis, named after the creator. A satoshi is equivalent to 0.00000001 bitcoin.

It is decentralized and community-driven. There will be 21 million BTC in existence. At the time of publication, 19,037,850 bitcoins are circulating in the market and are in public hands.

Also Read:  3 Reasons US Army Want To Track Cryptocurrency Transactions

Ethereum (ETH)

The second most popular coin, Ethereum (ETH) was worth $2,007.62 on May 12, 2022, it was trading at $1,309.08 on Oct. 23, 2022, losing at least -0.53% of its value in the last 24 hours. It attained ATH on November 12, 2021, reaching $4,891.70.

Ethereum’s market capitalisation currently stands at $160,168,143,024 as against November 2021 MarketCap when it hit $552,199,380,998.

About Ethereum (ETH)

The second-largest cryptocurrency token in terms of market capitalization, Ethereum (ETH) was founded by a Russian-born Canadian programmer, Vitaly Dmitriyevich popularly known as Vitalik Butein.

It was officially released on July 30, 2015. The creation of Ethereum was like a revolution to the cryptocurrency industry as the project brought a lot of innovations, especially its introduction of smart contract functionality, which open the way for the decentralized finance industry (DeFi).

Ethereum network is decentralized and also allows users to build and deploy software, commonly in the form of Dapps, which are then powered by a globally distributed network of computers all running Ethereum.

Ethereum is an open-source blockchain platform that runs on the usage of its native currency known as ETH or Ether.

On Thursday, May 12, 2022, $ 120.75M ETH are in circulation.  There is no cap to the Ethereum Blockchain, meaning more of it will be mined. It’s reported that at least 5 new Ether can be created about every 14-15 seconds, says bitrates.

Tether (USDT)

Tether (USDT) is the first and the largest stablecoin by market capitalization and the third after BTC and ETH in the crypto space with $82,427,746,685 on May 12, 2022, its MarketCap was $68,461,250,684 at the time of this update, trading at $1.00 compared to its all-time high of $1.21549 which it posted on February 25, 2015.

About TetherUS (USDT)

Tether (USDT) is a stablecoin pegged to the United States dollar. It came to being in 2014 when it was known Realcoin.

Issued by Tether Limited, Tether was created by leading voices in blockchain technology Reeve Collins, Brock Pierce, and Craig Sellers.

Tether was initially only available on the Bitcoin network through Omni Layer, it is now available on several blockchains like Ethereum, Solana, TRON, EOS, Algorand, and OMG network.

USD Coin (USDC)

Currently, worth $1, USDC is another stablecoin pegged to the US dollar. It was initially minted on Ethereum.

Also Read:  The Basics of Cryptocurrency Investment That You Must Know

Currently, USDC is the second-largest stablecoin by market capitalization after Tether. It can directly be minted on USDC using US dollars without incurring any fee.

USDC which is a joint enterprise between Coinbase and Circle is available on Avalanche, Algorand, Ethereum, TRON, Hedera, Stellar, and Solana.

USDC’s all-time high is $2.3495564 on November 16, 2021. USD Coin’s market cap was $43,931,546,371.

BNB (BNB)

If one compared the value of BNB on May 10, 2021, to what it is one year after, May 12, 2022, it’s clear that BNB has dipped by at least 50%, from $690.93 to $274.60 is a huge difference.

About BNB

Launched through an Initial Coin Offering (or ICO) between June 26 to July 3, 2017, BNB is a cryptocurrency coin that powers the BNB Chain ecosystem.

It is one of the most popular utility tokens. The issue price was 1 ETH for 2,700 BNB or 1 BTC for 20,000 BNB.

BNB is useful in many cases, they include:

  • It provides liquidity on Binance Liquid Swap.
  • It is used to participate in token sales hosted on the Binance Launchpad
  • It used as a means of donation on Binance Charity
  • It is used to pay for transaction fees on the BNB Smart Chain among others.

Ripple (XRP)

The all-time high of XRP since its launch is $3.84 which it attained on January 4, 2018. It is currently trading at $0.4564 with $22,888,488,624 market capitalisation.

About XRP

XRP was developed by Ripple Labs Inc, a cryptocurrency payment system. XRP is Ripple’s digital asset built for global payments, which would allow users to send money at a very low cost.

Ripple Labs Inc was established in 2012 by Chris Larsen and Jed McCaleb based on the work of Ryan Fugger, who created the XRP Ledger in 2012.

Binance USD (BUSD)

BUSD is the third-largest stablecoin in the world by market capitalization after Tether and USD Coin. It is the seventh in the crypto space. BUSD’s all-time high is $ 1.1065118 on Mar 13, 2020. It’s currently $1.

About BUSD

Binance USD was launched on September 5, 2019. It is a USD-backed stablecoin issued by Binance in partnership with Paxos, which is approved and regulated by the New York State Department of Financial Services (NYDFS).

Like BNB, BUSD has many uses, including being used as a means of payments and settlements; used to transfer digital dollars (BUSD) at low cost and on the blockchain among others.

Also Read:  How To Mine RENEC Token in 6 Easy Steps on Remitano App

Cardano (ADA)

Currently trading at $0.3495, the highest price Cardano has ever attained was $3.10 on September 2, 2021. ADA is a decentralized Proof-of-Stake (PoS) blockchain platform that was founded in 2017.

Solana (SOL)

SOL is the 9th largest cryptocurrency by market capitalization. SOL reached an all-time high during the 2021 bull, reaching $260.06.

Currently trading at $28.35 as against $44.05 on May 12, 2022, SOL has recorded one of the worst losses within a year when its value of November 6, 2021, is compared with May 2022.

About Solana (SOL)

Founded by Anatoly Yakovenko in 2017, Solana’s strength is its high transaction speed and processing times which it achieves through Proof of History technology.

Solana blockchain is the fastest with 65k TPS in the industry as it is capable of processing around 50,000 transactions per second.

But it’s reported that another blockchain has surpassed Solana’s speed. Bitgert blockchain is now the fastest for attaining 100k TPS, according to analyticsinsight.net

SOL is Solana’s native token and has an unlimited supply.

Dogecoin (DOGE)

DOGE’s all-time high is $0.7375666 (May 08, 2021). Developed in 2013 by Jackson Palmer and Billy Markus, dogecoin started as a “meme coin”.

The table below shows the all-time high of the largest cryptocurrencies:

CryptocurrenciesAll-Time HighCurrent Price Thursday, May 12, 2022 (16:02)
Bitcoin (BTC)$68,789$29,444.70
Ethereum (ETH)$4,891.70 $2,007.62
Tether (USDT)$1.21549$0.995
USD Coin (USDC)$2.3495564$1.00
BNB (BNB)$690.93 $278.84
Ripple (XRP)$3.84$0.3884
Binance USD (BUSD)$1.1065118$1.01
Cardano (ADA)$3.10$0.4612
Solana (SOL)$ 260.06$44.05
Dogecoin (DOGE)$0.7375666$0.07713
ATH of 10 largest cryptos. Sources: CoinMarketCap and Binance

Note: The price of cryptocurrencies is not stable. Digital assets are volatile. We urge you to seek investment advice from your advisor.

The price of the largest cryptocurrencies listed above may be different from what you see on lice charts, always check the live trading charts for an updated price.

What is the largest cryptocurrency in the world?

With MarketCap of $367,595,951,031 as of October 23, 2022, Bitcoin (BTC) is the largest crypto in the world. The market cap of the next crypto to BTC is Ethereum (ETH) with $159,748,187,197.

What are the 10 largest cryptocurrencies?

By using the vale of market capitalization, BTC, ETH, Tether (USDT), USDC, BNB, XRP, BUSD, ADA, SOL, and DOGE are the top 10 largest cryptocurrencies in the world.

Which coin is next Bitcoin?

It is definitely Ethereum (ETH), going by ETH’s performance in the crypto markets, it is next to BTC.

What are the top 5 biggest cryptos?

The five biggest cryptos and their marketcap are: BTC ($367,595,951,031); ETH ($159,748,187,197); Tether ($68,462,527,045); USD Coin ($43,938,468,764), and BNB ($43,076,460,442).

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