It is fairly simple to search out out what the highest cryptocurrency is at any given time: primarily, it is Bitcoin. Nevertheless, the market strikes so rapidly that it is lots more durable to maintain up with what’s occurring.
That is as a result of whereas everyone knows about Bitcoin and the way wealthy we’d be as we speak if we’d invested in it 10 years in the past, there are lots of, if not 1000’s, or different cryptocurrencies. Many are various — supposedly improved — variations of Bitcoin, however others, like Ethereum, Cardano and Chainlink, are way more than only a forex. After which there’s Dogecoin, which began off as a joke however is now one of the helpful cryptocurrencies of all, in addition to “memecoins” similar to Shiba Inu coin.
Whether or not you are pondering of investing or are simply intrigued by this new monetary world, it is effectively price discovering out what the highest cryptocurrency performers are. And in contrast to 10 years in the past, we now know that it’s a legit asset, as large banks, funds, and tens of millions of people embody crypto of their funding portfolios.
Newest cryptocurrency information (up to date Could 16)
- The crypto market is recovering after a turbulent few of days sparked by Elon Musk’s tweet that Tesla would no longer accept Bitcoin as payment because of considerations over its environmental impression.
- Bitcoin has dropped from $59,000 to $49,000 as of this writing, down about 15% for the week.
- The Binance exchange is reportedly under investigation by U.S. agencies. In response to Bloomberg, the U.S. DoJ and IRS are probing it in relation to a number of offenses.
- An Elon Musk tweet stating that he was “Working with Doge devs to enhance system transaction effectivity. Probably promising” sent Dogecoin soaring. It’s now at $0.53, up about 10% within the final week having beforehand suffered a giant drop final Saturday (Could 8).
What’s the high cryptocurrency by worth?
So, which is the highest cryptocurrency proper now? One method is to have a look at market capitalization — primarily the overall greenback worth of an organization’s shares of inventory. And in that regard, it is laborious to see past Bitcoin and Ethereum, which have sizable leads over their respective competitors.
You can even have a look at the value of a person cryptocurrency share, or coin, which is beneficial for figuring out how effectively (or in any other case) a crypto is performing, nevertheless it would not at all times inform the complete story. So we’re sticking with market cap for this information to the highest cryptocurrency performers proper now.
That mentioned, most of the different crypto tasks listed beneath are tremendous fascinating and positively price wanting additional into. And with new cryptocurrencies similar to SafeMoon and Chia arising seemingly day-after-day, we’ll be updating this high cryptocurrency checklist often.
Editors’ Be aware: This roundup doesn’t represent funding recommendation and you have to be conscious that purchasing cryptocurrency, like all funding, includes threat. In actual fact, cryptocurrency is in some methods extra of a threat than different investments, because of the enormous rises and falls within the worth of even the highest cryptocurrencies. We might advocate by no means spending greater than you’ll be able to afford to lose.
With that caveat in thoughts, listed below are all the highest cryptocurrencies (by market cap as of Could 16) and the tales behind them.
1. Bitcoin (BTC)
Bitcoin market cap: $923 billion
Bitcoin worth: $49,300
The Bitcoin story: Bitcoin has been round since 2008 and is the blue chip cryptocurrency. It has, by far, the most important market cap, the very best coin worth, and the most important community of customers.
Bitcoin was created by an unknown particular person or group who goes by the identify of Satoshi Nakamoto. It was alleged to be the money of the longer term, and though you should use it as we speak to buy many items and companies, you wouldn’t use it to purchase a cup of espresso as a result of the price of the transaction can be too excessive.
Consider Bitcoin as a substitute just like the gold of the longer term: probably not helpful for every day transactions, however you wish to have some for its saved worth. It’s additionally like gold in that it has a restricted provide, which is among the issues that makes Bitcoin so enticing to traders: a complete of 21 million Bitcoins will ever be launched, which makes Bitcoin inflation-proof.
Bitcoin efficiency historical past: Like all cryptos, Bitcoin began out price nearly nothing. In 2017 it took off from below $1,000 to over $20,000, however inside a yr was down round $4,000. In late 2020 it started skyrocketing once more, this time from round $10,000 to a excessive of greater than $60,000, earlier than dropping steeply this week. It is at the moment within the $49,000 vary.
Tips on how to purchase Bitcoin: Bitcoin may be bought on crypto exchanges similar to Coinbase, Binance, and Kraken; at Bitcoin ATMs; on PayPal; and on Robinhood. Don’t be postpone by the excessive worth of a coin: you’ll be able to make investments as little as $25 in Bitcoin on Coinbase.
2. Ethereum (ETH)
Ethereum market cap: $442 billion
Ether worth: $3,821
The Ethereum story: If there may be one other contender for the highest cryptocurrency title, it is Ethereum. Nevertheless it doesn’t compete with Bitcoin. It’s vital to notice that many so-called cryptocurrencies aren’t straight-up currencies like Bitcoin. Some, like Ethereum, are as a substitute distinctive applied sciences that even have a coin element. In Ethereum’s case, its forex known as Ether, and it may be utilized in functions run on the Ethereum platform.
Ethereum is the chief in what’s often called these “sensible contract” platforms. Whereas Bitcoin was created for one use case — as a forex — Ethereum was based by Vitalik Buterin in 2015 with larger and broader ambitions. The blockchain it runs on is programmable, which means it might probably run packages, or apps, in a decentralized manner, i.e., on tens of millions of computer systems directly. This opens up many doable use circumstances, from know-how and finance to gaming and collectibles, making Ethereum a beautiful funding.
Ethereum efficiency historical past: Up to now yr, Ethereum’s worth has shot up from round $200 to effectively over $3,000. In actual fact, it lately handed $4,000 for the primary time in early Could and reached an all-time excessive of greater than $4,350 lately earlier than dipping.
Tips on how to purchase Ethereum: You should purchase ETH on the most important crypto exchanges, Robinhood, and PayPal.
3. BinanceCoin (BNB)
BinanceCoin market cap: $92.2 billion
BinanceCoin worth: $600
The BinanceCoin story: BinanceCoin was launched in 2017 by the Binance cryptocurrency alternate, the world’s largest crytpo alternate by quantity. Throughout its preliminary coin providing (ICO), it bought 100 million cash to the general public at $0.15 per coin. BinanceCoin can be utilized to pay transaction charges on the Binance alternate, to commerce for different cryptocurrencies, and to pay for some items and companies. Each quarter, Binance makes use of 20% of its income to purchase again and destroy BinanceCoins. This can proceed till Binance buys again and destroys 50% of the overall provide, making its coin scarcer and due to this fact extra helpful.
BinanceCoin efficiency historical past: Since launching in 2017, BinanceCoin has made an extended, gradual climb to about $60 a coin, earlier than taking pictures upwards in February 2021. As of as we speak (Sunday, Could 16) it was buying and selling within the $600 vary.
Tips on how to purchase BinanceCoin: The perfect place to purchase, promote, commerce, and maintain BinanceCoin is… Binance!
4. Cardano (ADA)
Cardano market cap: $77 billion
Cardano worth: $2.41
The Cardano story: Cardano, based in 2017, is one other Ethereum-like contender for the highest cryptocurrency crown: a blockchain platform that helps functions, techniques, and real-life enterprise use circumstances. It’s a promising know-how however, like all of the others, has a whole lot of catching as much as do with Ethereum when it comes to its community dimension.
What makes Cardano distinctive is that it’s the first blockchain platform to evolve out of a scientific philosophy and a research-first pushed method. The event group consists of a giant international collective of skilled engineers and researchers, and the platform was constructed by peer-reviewed analysis.
Cardano efficiency historical past: Cardano was cruising alongside at about $0.10 from its founding in 2017 till early 2021, when it jumped to effectively over a greenback and was lately buying and selling at effectively over $2. Cardano has weathered the latest crypto market issues higher than most, because of being one of many extra environmentally friendly cryptocurrency options.
Tips on how to purchase Cardano: Cardano may be bought on Coinbase, Binance, Kraken, and plenty of different crypto exchanges.
5. Dogecoin (DOGE)
Dogecoin market cap: $68.7 billion
Dogecoin worth: $0.53
The Dogecoin story: Dogecoin payments itself as “the enjoyable and pleasant web forex.” Launched in 2013 by software program builders Billy Markus and Jackson Palmer as a satire of Bitcoin and the exploding recognition of crypto, it’s mainly a Bitcoin clone with a cute canine meme for a mascot.
Dogecoin has no actual use (although some individuals use it to provide small recommendations on social media), nevertheless it’s developed a rising fanbase that’s boosted the value of a Dogecoin from lower than a penny just a few months in the past to about $0.50 as we speak, making it one of many high cryptocurrency performers by market cap if nothing else. Dogecoin additionally began what’s now often called the “memecoin” area. In the event you’re on the lookout for the subsequent large memecoin, it might be SafeMoon, which launched in March 2021 and already has over one million customers. SafeMoon encourages traders to purchase and maintain by imposing a ten% payment on anybody who sells their tokens.
Dogecoin efficiency historical past: In early 2021, Dogecoin crossed the $0.05 threshold for the primary time, then went to the moon in April, lately buying and selling at an all-time excessive of $0.70. It dropped to below $0.45 following Elon Musk’s look on Saturday Night time Dwell, then rallied barely, then plunged once more, then jumped again. It has been fairly the trip. It at the moment stands at round $0.53, however who is aware of the place it will likely be tomorrow…
Tips on how to purchase Dogecoin: You should purchase Dogecoin on Robinhood and most of the main crypto alternate like Binance and Kraken, nevertheless it’s not obtainable on Coinbase.
6. Tether (USDT)
Tether market cap: $58.3 billion
Tether worth: $1
The Tether story: Tether is exclusive among the many choices in our high cryptocurrency checklist: it is the chief within the class of cryptocurrency often called “secure cash.” Why secure? As a result of they’re pegged to a standard forex, on this case the US greenback.
For traders, these tokens provide the joint advantages of open blockchain know-how and conventional forex. Tether was launched in 2015 and operates on the Ethereum platform. USD Coin is one other secure coin, and plenty of crypto of us suppose it’s a safer wager than Tether, citing a better transparency.
Tether efficiency historical past: One Tether token = one USD. At all times has, at all times will.
Tips on how to purchase Tether: Purchase, promote, and use Tether tokens at Coinbase, Binance, Kraken, and different main crypto exchanges.
7. XRP/Ripple (XRP)
XRP/Ripple market cap: $54.8 billion
XRP worth: $1.56
The XRP/Ripple story: XRP’s declare to fame is that it is the quickest digital asset, enabling close to real-time international funds wherever on the earth. As such, some cost suppliers use XRP to broaden their attain, decrease international alternate prices, and settle funds extra rapidly.
XRP was launched in 2012 by a trio of builders, who then created a non-public firm known as OpenCoin, now known as Ripple Labs, and gifted it 80 billion XRP. That is what makes XRP distinctive — it’s, primarily, a for-profit platform, not like nearly each different crypto mission on the earth.
Purchaser beware: in late 2020, the US Securities and Change Fee filed go well with in opposition to Ripple and its two cofounders, claiming they raised over $1.3 billion by an unregistered, ongoing digital asset securities providing (aka XRP). The lawsuit continues to be unsettled.
XRP efficiency historical past: Except for a blip of a spike in December 2017-January 2018, XRP didn’t crack the $0.60 threshold till 2020. As of Could 16, 2021, it was buying and selling at $1.56.
Tips on how to purchase XRP: The best method to buy XRP is on one of many large crypto exchanges similar to Coinbase, Binance, or Kraken.
8. Polkadot (DOT)
Polkadot market cap: $42.9 billion
Polkadot worth: $45.5
The Polkadot story: A lot of the highest cryptocurrency tasks have lofty targets, however Polkadot’s is among the loftiest: to “allow a totally decentralized net the place customers are in management.” Launched in 2020, Polkadot is the flagship mission of the Swiss Web3 basis. If Internet 1.0 was commerce, and Internet 2.0 was social, consider Web3 as decentralization. Polkadot’s know-how stitches collectively completely different blockchains, enabling them to alternate info and transactions and function collectively seamlessly.
Polkadot efficiency historical past: This crypto was buying and selling at a couple of nickel till late 2020, when it took off (cease us in the event you’ve heard this one earlier than) and was lately buying and selling at $45.
Tips on how to purchase Polkadot: Purchase Polkadot on main crypto exchanges similar to Coinbase, Binance and Kraken.
9. Web Laptop (ICP)
Web Laptop market cap: $31.2 billion
Web Laptop worth: $254
The Web Laptop story: Web Laptop solely formally launched on Could 10, 2021, nevertheless it instantly jumped into the High 10 checklist of the largest cryptocurrencies by market cap. And that is no shock, as a result of Web Laptop, or ICP, is a giant deal. In response to CoinMarketCap, it is “the world’s first blockchain that runs at net velocity with unbounded capability” and in addition “the third main blockchain innovation, alongside Bitcoin and Ethereum.”
Daring claims, certainly, however ICP — which was created by tech startup Dfinity — is an bold mission that seeks nothing lower than the reinvention of the internet. Round 469 million ICP tokens had been issued on its launch, of which roughly 26% are anticipated to be in circulation.
Web Laptop efficiency historical past: ICP loved a stellar launch on the open market, leaping from $0 to $488 in a day. It then fell again sharply and is at the moment buying and selling at round $250.
Tips on how to purchase Web Laptop: ICP is already obtainable on Coinbase and is predicted to return to Binance and different crypto exchanges quickly.
10. Bitcoin Money (BCH)
Bitcoin Money market cap: $23.6 billion
Bitcoin Money worth: $1,250
The Bitcoin Money story: Do not be confused by the identify, as a result of Bitcoin Cash is a totally completely different cryptocurrency to Bitcoin. That mentioned, it does owe its existence to the market chief, in that it was created by a gaggle of builders intent on bringing down the price of Bitcoin transactions. An extra break up then resulted within the creation of Bitcoin SV.
Bitcoin Money efficiency historical past: Bitcoin Money has a whole lot of catching as much as do to Bitcoin when it comes to the dimensions of its community. After reaching a excessive of almost $4,000 again in 2018, it then dropped significantly and settled to round $300-400 for the subsequent couple of years. An enormous leap in latest weeks has seen it climb again to greater than $1,500, though it is at the moment at round $1,250.
Tips on how to purchase Bitcoin Money: You should purchase Bitcoin Money on main crypto exchanges similar to Coinbase, Binance and Kraken.
11. Uniswap (UNI)
Uniswap market cap: $21.7 billion
Uniswap worth: $38
The Uniswap story: Most cryptocurrency buying and selling takes place on centralized exchanges similar to Coinbase, Binance, and Kraken. Uniswap, launched in 2018, is a decentralized crytpo alternate that runs on the Ethereum platform — transaction charges should be paid for in ETH.
The Uniswap app can swap all various kinds of tokens however doesn’t connect with the standard monetary community, which means you’ll be able to’t convert to USD or Euro or different fiat currencies. (Although you’ll be able to convert to some stablecoins — see Tether above.) Uniswap additionally has its personal “governance token”: in the event you personal this token, you’ve a proper to vote on the course of the mission’s growth. Uniswap lately handed Coinbase in buying and selling quantity, and plenty of crypto followers suppose it might be the way forward for all exchanges.
Uniswap efficiency historical past: Launched in 2018, Uniswap hit a excessive of $42 in late April 2021. It is at the moment buying and selling at round $38.
Tips on how to purchase Uniswap: Purchase Uniswap on main crypto exchanges similar to Coinbase, Binance and Kraken.
12. Litecoin (LTC)
Litecoin market cap: $21.4 billion
Litecoin worth: $318
The Litecoin story: Litecoin, created in 2011 by Charlie Lee, is among the earliest Bitcoin clones, aka “altcoins,” and is a well-established crypto. It was developed with a deal with velocity, effectivity, and wider preliminary coin distribution than Bitcoin. For instance, Litecoin transactions are confirmed each two and a half minutes, which is 4 instances extra ceaselessly than Bitcoin transactions. One other distinction: Litecoin has a provide cap of 84 million cash, precisely 4 instances Bitcoin’s — that is what makes many traders consider Litecoin because the silver to Bitcoin’s gold.
Litecoin efficiency historical past: Litecoin spiked briefly over $300 in late 2017 earlier than dipping as little as $25 in 2019. In late 2020, it started one other ascent and lately handed the $400 mark for the primary time, though it is since dropped again to about $315.
Tips on how to purchase Litecoin: Litecoin may be bought on any main crypto alternate, in addition to on Robinhood and PayPal.
13. Chainlink (LINK)
Chainlink market cap: $18.8 billion
Chainlink worth: $43
The Chainlink story: Like Ethereum, Chainlink is much less a single cryptocurrency however moderately a know-how that helps underpin your entire crypto construction. Primarily — and that is essentially a really stripped-back rationalization — it is a community that allows blockchains to work together with one another and with non-blockchain applied sciences. You’ll be able to read more about how it works here. Chainlink additionally has its personal forex, known as LINK tokens, of which 1 billion had been issued. A complete of 35% of those had been issued to Node Operators, one other 35% had been bought to the general public and the corporate retains the remaining 30%.
Chainlink efficiency historical past: LINK grew steadily from being price lower than a greenback initially to round $12 on the finish of 2020. It is soared in 2021 and is price round $43 as of Could 16.
Tips on how to purchase Chainlink: Purchase Chainlink on main crypto exchanges similar to Coinbase and Binance.
Jonathan Lesser didn’t purchase any Bitcoin 10 years in the past. He lately purchased some Dogecoin for the youngsters.