As of July 2024, the top cryptocurrencies by market capitalization are:
- Bitcoin (BTC): The original cryptocurrency, often referred to as digital gold.
- Ethereum (ETH): Known for its smart contract functionality and decentralized applications.
- Tether (USDT): A stablecoin pegged to the US dollar, widely used for trading and transactions.
- Binance Coin (BNB): The native coin of the Binance exchange, used for transaction fees and more.
- USD Coin (USDC): Another stablecoin pegged to the US dollar, used for stability in trading.
- XRP (XRP): Linked to Ripple, it facilitates cross-border payments and currency exchanges.
- Solana (SOL): A high-performance blockchain supporting decentralized apps and finance.
- Cardano (ADA): Known for its eco-friendly proof-of-stake mechanism and support for smart contracts.
- Dogecoin (DOGE): Originally a meme coin, now widely accepted and used for transactions.
- Toncoin (TON): A relatively new entrant, known for its fast transaction speeds and low fees.