Terry We can tell if a cryptocurrency is a popular cryptocurrency by its market capitalization. The higher the market capitalization, the more popular it is.
As of May 26, 2022, the top 20 cryptocurrencies by market capitalization are Bitcoin, Ethereum, Tether, USD Coin, BNB, XRP, Binance USD, Cardano, Solana, Dogecoin, Polkadot, Wrapped Bitcoin, TRON, Avalanche, Dai, Shiba Inu, Polygon, UNUS SED LEO, Litecoin, Cronos.
The market capitalization of the top 20 cryptocurrencies is as follows.
- Bitcoin: $564.12B
- Ethereum: $231.74B
- Tether: $73.20B
- USD Coin: $53.41B
- BNB: $52.15B
- XRP: $19.14B
- Binance USD: $18.47B
- Cardano: $16.91B
- Solana: $15.62B
- Dogecoin: $10.68B
- Polkadot: $9.55B
- Wrapped Bitcoin: $8.17B
- TRON: $7.65B
- Avalanche: $6.89B
- Dai: $6.58B
- Shiba Inu: $6.24B
- Polygon: $5.03B
- UNUS SED LEO: $4.70B
- Litecoin: $4.65B
- Cronos: $4.52B
Here are some popular cryptocurrency brief introduction. such as Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ripple etc.
Bitcoin is considered to be the most original and most famous cryptocurrency. Satoshi Nakamoto is a person or group of people by this name, created in 2009. It can be said that its characteristics are more like commodities than traditional currencies. In fact, this is reflected that it is used more as a form of investment than as a payment method now. Traders can buy bitcoin through exchanges or speculate on its price movements through CFDs and spread betting.
Ethereum is relatively new in the cryptocurrency space. It is currently the second-largest digital currency now. It operates similarly to the Bitcoin network, allowing people to send and receive tokens representing value over the open network. The token is called ether and is used as payment on the network. However, the primary use of ether is as a smart contract rather than a payment method. Smart contracts are scripts of code that can be deployed on the Ethereum blockchain. The restrictions on ether are also slightly different from bitcoin. The issuance is capped at 18 million ether per year, which is equivalent to 25% of the initial supply. So while the absolute issuance is fixed, the relative inflation rate is falling every year.
Bitcoin Cash (BCH) is a cryptocurrency and payment network created by the Bitcoin fork in December 2017. A fork occurs when the cryptocurrency community diverges. In general, the divergence point is mainly related to the software update used in the network, but for Bitcoin Cash, the divergence point of the fork that is generated mainly comes from a proposal to increase the block size limit. After the fork, the blockchain split in two, with miners and the wider community deciding which digital cryptocurrency to choose. After the Bitcoin fork, a Bitcoin Cash coin is generally allocated for each Bitcoin held (but some exchanges do not recognize Bitcoin Cash).
Litecoin (LTC) is a peer-to-peer digital cryptocurrency founded by Charlie Lee (a former Googler) in 2011. Litecoin is an early “altcoin” derived from Bitcoin, originally created for smaller trading than Bitcoin. Technically, Litecoin is almost identical to Bitcoin, but with some notable differences and improvements. For example, Litecoin processes block up to 4 times faster than Bitcoin. Litecoin mining is more technically demanding, but the total volume is also much higher – currently set at 84 million, four times the number of bitcoins.
Ripple is a network that can trade any currency (both fiat and cryptocurrencies) globally. Ripple is designed to ensure safe, fast and low-cost transactions in the network without the risk of fraud or chargebacks. Ripple is much faster than Bitcoin – transactions can be completed in seconds. Minimum transaction costs are also much lower, which is one of the reasons why more and more banks are choosing Ripple for settlement. Ripple also refers to Ripple’s own digital cryptocurrency, Ripple, used on the network. Ripple claims to enable “secure, instant and virtually free global financial transactions of any size, with no chargebacks”.
