Top 10 Cryptocurrencies Ruling the Market

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May 17, 2021

For today’s investment, check out these top 10 cryptocurrencies

I know while reading this you are probably well-aware of the crypto market and how it has got a sudden boom all over the world. Not your fault, top cryptocurrencies are stealing the media highlights as well as investors and next-gen’s attention. Wondering if this is the future of how we transact, then you are right. Cryptocurrency will largely dominate how we make transactions in the future.

Bitcoin is the best cryptocurrency but did you know that there are more than 5,000 cryptocurrencies in the market? The underlying principle of cryptocurrency is to make purchases. However, many people are viewing it as a long-term investment.

Nonetheless, if you don’t know about cryptocurrency trading, here’s a guide for you. Moreover, the cryptocurrency market is highly volatile. So, carry out proper research and analyze trends before investing.

Some of the attributes that you can consider before investing are the performance of the cryptocurrency over the years, consistency in prices, growing traction, speed of the transactions, related fees, etc.

While you may find many articles talking about the top 10 cryptocurrencies, this article will focus on the top 10 cryptocurrencies of today. Please note that since prices keep fluctuating constantly, these cryptocurrencies are ranked at the time of writing this article. We have used CoinMarketCap analysis and trends for this article.

 

 

Bitcoin

Bitcoin, founded in 2009 is the largest cryptocurrency in the world. The current price of Bitcoin is 43,372.99 USD with a 24-hour trading volume of 65,906,428,346 USD. However, it dipped down by 9.48% in the last 24 hours. It is still the most powerful cryptocurrency in the world.

 

Ethereum

Following Bitcoin, Ethereum is the second-largest cryptocurrency in the world. Ethereum supports Ether, which is widely known for facilitating smart contracts. The current price of Ethereum is 3,237.06 USD with a 24-hour trading volume of 47,984,200,362 USD. Similar to Bitcoin, Ethereum is down by 15.25% in the last 24 hours. However, the volume has grown by 8.51%.

 

Binance Coin

Binance Coin is regarded as one of the largest crypto exchanges worldwide. It aims to introduce a new realm of global finance. The current price of Binance Coin is 511.44 USD with a 24-hour trading volume of 4,314,478,358 USD. In the last 24 hours, the price has gone down by 11.51%. However, the volume has gone up by 25.63%.

 

Cardano

A proof-of-stake blockchain platform, Cardano aims at creating a secure and transparent society by redistributing power from unaccountable structures to the margins of individuals. The current price of Cardano is 2.05 USD with a 24-hour trading volume of 12,398,620,134 USD. In the last 24 hours, the price has gone down by 10.74%. Even the volume has gone down by 17.74%.

 

Dogecoin

Our favorite meme-inspired cryptocurrency has witnessed a surge in prices in the last few weeks. The current price of Dogecoin is 0.465184 USD with a 24-hour trading volume of 8,557,030,339 USD. However, the price has gone down by 12.66% in the last 24 hours. The volume has also gone down by 14.56%.

 

Tether

Tether is a stable coin that replicates the price of the U.S. dollar. It was initially built as a second-layer cryptocurrency token formed on top of Bitcoin’s blockchain using an Omni platform. The current price of Tether is 1.00 USD with a 24-hour trading volume of 161,688,816,509 USD. The price of Tether has gone up by 0.03% in the last 24 hours. The volume is also up by 0.93%.

 

XRP

Many people are confused between XRP, Ripple, and RippleNet. XRP is a currency that operates on RippleNet, which is a digital payment platform. RippleNet is operated by the company Ripple. The current price of XRP is 1.35 USD with a 24-hour trading volume of 11,536,277,367 USD. The price and volume both have gone down by 12.24% and 25% respectively.

 

Internet Computer

While many of us don’t know about this cryptocurrency, it is the world’s first blockchain that operates on web speed with unlimited capacity. After Bitcoin and Ethereum, it is considered a significant blockchain innovation. The current price of the Internet Computer is 207.82 USD with a 24-hour trading volume of 363,107,074 USD. The price and volume have gone down by 18.47% and 20.28%.

 

USD Coin

USD Coin is again a type of stable coin, which is basically designed to encourage cashless transactions. It is valued as to the U.S. dollar on a 1:1 basis. The current price of USD Coin is $1 with a trading volume of 3,954,377,061 USD. It has been fluctuating rapidly at the time of writing. The price has gone by 0.03% and the volume by 17.03%.

 

Chainlink

It was founded in 2017, a blockchain abstraction layer that empowers globally connected smart contracts. The current price of Chainlink is $36.95 with a trading volume of 2,386,190,412 USD. The price and volume have gone down by 13.90% and 4.44% respectively.

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