- Market cap: $43.9 billion
USD Coin (USDC) is a leading stablecoin, backed by U.S. dollars and pegged to a 1 USD to 1 USDC ratio. It is powered by Ethereum, which provides increased security and flexibility. USDC can be used to complete global transactions quickly and securely. With USDC, users can send and receive payments from any country in the world without worrying about exchange rate fluctuations or transaction fees.
Transactions on the Ethereum network are also highly transparent, allowing for easy tracking of USDC payments and ensuring that all transactions are secure. USDC is a reliable, secure, and cost-effective way to complete global transactions, making it an ideal choice for businesses, organizations, and individuals looking to transfer funds quickly and securely.
6. XRP (XRP)
- Market cap: $17.66 billion
Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP is a digital asset that has been designed to enable fast, secure, and low-cost financial transactions. It is intended to act as a bridge between different currency types, including fiat currencies and other major cryptocurrencies. XRP can be used on the Ripple network to facilitate exchanges of these different currencies, providing a cost-effective, highly reliable platform for transactions.
At the beginning of 2017, the price of XRP was extremely low, at only $0.006. This was a far cry from the asset’s current valuation, with XRP now trading at much higher prices. This increase in value is likely due to the.
7. Binance USD (BUSD)
- Market cap: $16.3 billion
Binance USD (BUSD) is a stablecoin created by Paxos and Binance that seeks to provide users with a reliable and secure cryptocurrency backed by the U.S. dollar. In order to maintain its value, Paxos holds an equivalent amount of U.S. dollars to the total BUSD supply in reserve.
This enables traders and crypto users to engage in transactions with a degree of assurance that the value of their funds will remain consistent over time. BUSD offers a number of advantages to its users, including faster transaction times, low fees, and global availability. Furthermore, it can be used as a secure means of storing wealth without the need to purchase or sell actual fiat currencies. BUSD provides a new option for traders.
8. Cardano (ADA)
- Market cap: $10.93 billion
Cardano (ADA) is a relative latecomer to the cryptocurrency space, however, it has already made waves for its early adoption of the proof-of-stake validation system. This approach to transaction verification is more efficient than the traditional proof-of-work method found in other platforms, requiring much less energy and creating significantly less environmental impact.
The proof-of-stake system also cuts transaction time and removes the competitive, problem-solving element of transaction verification. With its advanced approach to cryptocurrency validation and its commitment to sustainability, Cardano has the potential to be a major player in the crypto world.
Cardano's ADA token has seen relatively modest growth compared to other major cryptocurrencies. In 2017, the price of ADA was $0.02. As of January 10, 2023, its price is $0.32. This is an increase of 1,483%.
9. Dogecoin (DOGE)
Market cap: $10.1 billionDogecoin was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. Unlike many other cryptos, there is no limit on the number of Dogecoins that can be created, which leaves the currency potentially vulnerable to devaluation as it becomes increasingly available. With a current circulation of over 119 billion coins, it has the potential to become more accessible than other, more exclusive cryptocurrencies.
However, the Dogecoin community has been able to maintain a strong value for the currency, which has been consistently at or above 0.05 USD since mid-2020. This is due to the strong sense of camaraderie associated with the currency, with its members actively working together to promote.
Dogecoin’s price in 2017 was $0.0002. By January 2023, its price was at $0.08, up 38,035%.
Founded in 2017 and formerly known as Matic Network, Polygon is a relatively popular cryptocurrency. With its designation as “Ethereum’s internet of blockchains”, it is no wonder that Polygon supports more than 7,000 decentralized applications (dApps). Since its first launch, Polygon has experienced tremendous growth in its user base and technology sophistication.
The platform implements second-layer scaling solutions to increase the throughput of the Ethereum blockchain, while also providing an environment for developers to create and deploy their own dApps quickly and easily. Polygon also supports the MATIC token which can be used to pay for various services within the Polygon platform. With a plethora of features and a user-friendly interface, Poly.
Market caps and pricing sourced from coinmarketcap.com, current as of 2:31 p.m. UTC on Jan. 10, 2023.