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Our team did some real study today and came up with a list of the top 10 cryptocurrencies in the world in 2024. The list is based on their market capitalization, which is the value of all the coins that are currently in circulation. Even though the crypto market isn’t solid, there are still many types of cryptocurrencies out there, and it can be hard to decide which ones are worth looking into.
There’s no doubt that people who are new to the crypto world find it hard to figure out which cryptocurrency is the big one and best for dealing in.
Top 10 Cryptocurrencies In The World 2024
1. Bitcoin
It’s no news that Bitcoin is the most valuable cryptocurrency on the list. It’s crazy that it has a market cap of $445.5 billion. Bitcoin has had a lot of ups and downs over the years, but it still ranks high on the list.
BTC is based on a ledger called a blockchain, which records transactions and is spread across a network of thousands of computers. A few months ago, Bitcoin crashed very hard, and the Ethereum merge was going on at the same time.
2. Ethereum (ETH)
It would be rude to talk about cryptocurrencies without mentioning Ethereum. It’s clear that Ethereum rules the NFT market, but it still managed to get second place.
The market value of Ethereum is currently $193.9 billion. It has grown very quickly over the years and is now a choice among programmers who want to use it for many different things. When Visa paid $150,000 for a CryptoPunk, Ethereum’s value went up.
3. Tether (USDT)
Tether is different from the ones above and other cryptocurrencies because it is backed by real money, like the U.S. dollar and the Euro. In theory, this means that Tether’s value would stay the same compared to other cryptocurrency.
It’s worth $67.8 billion on the market.
4. Binance Coin (BNB)
For those of you who trade cryptocurrencies, Binance is a name you may already know. The biggest cryptocurrency exchange in the world, Binance, lets you trade and pay fees with this type of cryptocurrency.
Binance has grown and changed over the years. It can now be used to trade, make payments, and even book travel.
The market value of it is $49.3 billion.
5. U.S. Dollar Coin (USDC)
Like Tether, U.S. Dollar Coin is a stable coin that is only backed by U.S. dollars. Its goal is for 1 USD to 1 USDC. U.S. Dollar Coin, unlike Tether, is driven by Ethereum, and you can use it to make purchases all over the world.
About $42.7 billion is how much the market is worth.
6. XRP (XRP)
The same people who started Ripple also made XRP. Ripple is a company that works with electronic payments. It has been used to set up exchange programs for fiat currencies and other big cryptocurrencies, among other types of money.
About $20.4 billion is how much the market is worth.
7. Binance USD (BUSD)
Binance and Paxos came up with Binance USD. Why? Because they wanted to make a coin that was backed by the dollar. Paxos has been able to keep an amount of U.S. dollars equal to the total supply of BUSD in order to keep the value fixed.
The market value of Binance B USD is about $15.7 billion.
8. Cardano (ADA)
The Cardano coin exists in the virtual world, but you may not have heard of it. It became famous for being one of the first to use proof-of-stake confirmation.
It also works like Ethereum, with smart contracts and private apps. It is worth $13.2 billion on the market.
9. Dogecoin (DOGE)
Dogecoin is on the list, which is a surprise, and it comes in at number two. People say that Dogecoin began as a joke, but it became a huge hit, and Elon Musk even backed it at one point.
This coin is worth about $12.4 billion.
10. Polygon (MATIC)
Polygon, also known as Matic, is a well-known cryptocurrency that was started in 2017. A lot of people call it “Ethereum’s internet of blockchains.” More than 7,000 decentralized apps (dApps) can run on MATIC.
This is the last coin we’ll talk about because its market cap is only $9.7 billion.
There’s no question that most of the cryptocurrencies you may know have some kind of value in the crypto world.
