The Top 50 Cryptocurrencies

In the blockchain ecosystem, there are a variety of cryptocurrencies and digital tokens available. As of now, in 2021, there have been more than 6,500 cryptocurrencies in the market and the number is increasing day by day. However, not all have gained immense popularity and trading volumes like Bitcoin and Ethereum. Cryptocurrency trading is practiced commonly nowadays but considering cryptocurrency security is crucial. In this article, you will learn about Top 50 cryptocurrencies that can be considered for trading and investment. Also, these cryptocurrencies have the maximum market capitalization and are very common amongst bankers and investors.   

Table of Content

• Overview 
• Top 50 Cryptocurrencies
• Conclusion 

Overview 

When talking about cryptocurrencies, new digital tokens are coming each day, and old ones are fading simultaneously. But some coins have made their space in the market and are going to stay. There is a high demand for blockchain professionals and cryptocurrency expert advisors in the market. Therefore, knowing the top cryptocurrency in detail will give cryptocurrency enthusiasts a kick start in their blockchain career. Understanding crypto and blockchain technology are necessary when pursuing your career in blockchain. Also, if you are keen to learn about cryptocurrency trading, you can anytime explore online cryptocurrency certifications and courses on the blockchain council. 

It is always beneficial to be updated about the new cryptocurrencies which have made up the top 50 list. Nevertheless, the list changes from time to time, and it is always recommended to check portals like coinbase and coinmarketcap for the latest cryptocurrency prices and market capitalization. 

Top 50 Cryptocurrencies 

• Bitcoin (BTC)

Bitcoin is the very first cryptocurrency that created a market for all digital tokens and provided the concept of blockchain technology. BTC originated in 2008 as a peer-to-peer digital currency. All the transactions are done through a decentralized network without any third-party dependency.  

• Ethereum (ETH)

It introduced smart contracts to the blockchain. It processes transactions quickly and inexpensively and runs smart contracts.

• Binance Coin (BNB)

It uses its cryptocurrency platform, Binance, to process 1.4 million orders per second.

• Cardano (ADA)

It focuses on interoperation with other cryptocurrencies by fixing issues such as scalability and democratized voting.

• Tether (USTD)

It aims to fix legal issues and protects people from market volatility.

• Solana (SOL)

Newly launched cryptocurrency, Solana aims to make the decentralized finance (DeFi) accessible worldwide. It was launched in March 2020 by the Solana Foundation. Solana improves the scalability with the help of the proof-of-history (PoH) and proof-of-stake (PoS) consensus algorithm.

• Ripple (XRP)

Ripple aims to improve the speed of financial transactions. It is considered one of the biggest cryptocurrencies globally as it currently comprises more than 150 people.

• USD Coin (USDC)

USDC is a stable coin that increases its value as per the dollar rate. Meaning, each circulating unit of the cryptocurrency is backed up by 1$ and kept reserved. It gives users the surety that they can withdraw 1 USD coin and receive 1$ in return, and this coin can be utilized for real-time transactions. 

• Polkadot (DOT)

It is an open-source sharding multichain protocol providing network governance and operations. Dot creates parachain (parallel chains), which means it can do multiple transactions on several chains in parallel, eventually improving the scalability. 

• Dogecoin (DOGE)

Dogecoin was started as a joke based on the internet Dog meme and featuring Shiba Inu on its logo. It is an open-source digital currency that was forked from litecoin. Elon Musk, Tesla CEO, tweets about Dogecoin being his favorite coin. It is used for microtransactions and for tipping on articles. 

• Terra (LUNA)

It is a blockchain protocol used to stabilize the price of stable coins and offers wide adoption of fiat currencies. LUNA coin is a utility and governance token for operating collateralizing mechanisms. This secure and backs up the price stability of Terra network’s stablecoin. 

• Uniswap (UNI)

UNI is utilized chiefly for automated trading of DeFi tokens. Uniswap solves the liquidity issue and offers automated solutions. It is a governance token for Uniswap introduced in September 2020. This token allows the users to participate in the protocol governance. 

Learn more about Uniswap blockchain technology from here.  

• Avalanche (AVAX)

Avalanche is one of the fastest smart contracts platforms in the blockchain industry. The token AVAX is used to pay for fees at low cost and fast speed. 

•  Binance USD (BUSD)

It is a 1:1 US dollar-backed stable coin. BUSD is issued by binance in partnership with the Paxos. This stable coin was launched in September 2019 and used for making transactions, payments, and settlements. Also, DeFi is it’s one of the prominent use cases. 

• Algorand (Algo)

Algo was introduced to improve the efficiency of the transaction. It also offers high-speed and low transaction fees and as compared to BTC and other cryptocurrencies. It is used for buying and selling goods and services through e-commerce instantly. Algorant works on the PoS consensus algorithm. 

• Chainlink (LINK)

It applies smart contracts to the outside world by creating APIs which are compatible with off-chain-based software.

• Litecoin (LTC)

It is a peer-to-peer platform designed to handle a more significant number of transactions for a lower cost.

• Bitcoin Cash (BCH)

It enabled the block size to be increased from 1 MB to 8 MB. Its goal is to increase the number of transactions.

• Wrapped Bitcoin (WBTC)

WBTC is a tokenized version of Bitcoin complied with ERC-20. It runs on the Ethereum blockchain. It is backed up the bitcoin at 1:1 and used for Ethereuim capable decentralized finance applications (DApps). It was founded by the joint group of Bitgo, Ren, and Kyber Network. 

• Axie Infinity (AXC)

AXC is a token for Axie Infinity, a blockchain-based trading and gaming platform. Here players and users can collect, raise, battle, breed, and trade token-based creatures known as Axies. 

• Polygon (MATIC)

Polygon is an Ethereum based platform introduced as a layer two solution. MATIC token uses the proof of stake consensus algorithm and aims to reduce scaling complexity. All the transactions are executed instantly as the blockchain is well structured and easy to use. MATIC tokens can be earned by offering computational resources to the polygon network.

Learn more about Polygon blockchain technology and MATIC token from here.

• Cosmos (ATOM)

Atom is the native cryptocurrency offered by Cosmos network. It performs smart contracts and automated transactions. It creates an internet of blockchain where blockchain networks communicate efficiently without any interruption from third parties. It works on the Proof-of-Stake consensus blockchain. 

• Internet Computer (ICP)

The very first blockchain that operates at web speed with unbounded capacity is the Internet Computer. It provides robust software frameworks and computes the smart contract efficiently. ICP aims to be the world’s computer platform and elongate the public Internet. 

• FileCoin (FIL)

It is a decentralized storage system that aims to protect the integrity of the data’s location and make it hard to censor. Users can participate in mining FileCoin and store it according to their winnings.

• Tezos (XTZ)

It works to create a cryptocurrency ‘commonwealth’ where holders have the ability to vote in new protocols. It is based on smart contracts with more advanced infrastructure limiting the danger of hard fork. 

• Stellar (XLM)

It is an open network by which money can be moved and stored. It launched in July 2014 to help financial entities communicate with each other through blockchain technology. This network uses blockchain to speed up international payments for a small transaction fee.

• VeChain (VET)

It focuses on eliminating counterfeiting in industries such as automobiles, food, and fashion. A blockchain-based supply chain platform launched in 2016, working on the Internet of Things (IoT) technology. It aims to increase the traceability and transparency of supply chains. Also, it reduces the cost and offers more control at the user end.  

• Ethereum Classic (ETC)

It helps implement decentralized applications (DApps) and smart contracts. It is a hard fork of Ethereum (ETH) introduced in 2016. 

• FTX Token (FTT)

FTT was launched in 2019 by Sam Bankman-Fried and Gary Wang; it is a native token for crypto trading platform FTX. 

• TRON (TRX)

It enables users to publish, store freely, and own data, thereby vesting them with the power to decide where and how to share.

• Dai (DAI)

It is a stable coin based on the ethereum blockchain that is pegged to the U.S dollar price. It is managed by the Maker protocol and the MarkerDAO decentralized organization. 

• THETA (THETA)

THETA launched in March 2019 as a decentralized network for video streaming. Here users can share bandwidth and computing resources on a P2P  foundation. 

• Hedera Hashgraph (HBAR)

Hydra hashgraph is a public network that creates robust decentralized applications (DApps)  and is billed as the “trust layer of the Internet. It is an efficient system limiting the instability and poor performance in the network.  

• Bitcoin BEB2 (BTCB)

BTCB is a token for Binance Chain. Each BTCB token is reserved by Bitcoin (BTC) at the rate of 1 BTCB = 1 BTC.  it was launched in April 2019 and has managed to active better decentralization and interoperability

• Elrond (EGLD)

Elron is a blockchain-based platform offering relatively high-speed transactions using the Sharding technique. Its native token is EGLD or eGold utilized for paying fees, rewarding validators, and staking. It was launched in July 2020.

• Monero (XMR)

XMR is a token for Monero, launched in 2014. It aims to create the fastest platform for making payments with reduced cost and limiting censorship. Also, it focuses on high-security standards and uses advanced cryptography. It implements cryptogenic hashing of receiving address, thereby separating the coin from the address it is going to.

• Crypto.com Coin (CRO)

CRO is a native token for an open-source, decentralized blockchain platform called Crypto.com chain. It is a trading, payments, and financial services company. 

• PancakeSwap (CAKE)

It is an automated market maker (AMM) known to be a DeFi. With CAKE, users can exchange, trade, stake tokens, and gain rewards. It is a binance smart chain-based decentralized exchange (DEX). 

• EOS (EOS)

While ethereum involves a fee for every interaction or modification with the network, the DAPP (Decentralized app) creator foots the bill, and the user doesn’t pay anything.

• Aave (AAVE)

It is decentralized finance (DeFi) protocol allowing users to lend and borrow cryptocurrencies. 

• Quant (QNT)

Quant was the first blockchain platform that solved the interoperability issue from the network. This was achieved by creating the first blockchain operating system without reducing the efficiency of the system. It was launched in June 2018, aiming to connect the blockchains and network globally. 

• NEAR Protocol (NEAR)

It is a blockchain platform for building and developing DApps used on the web. It runs on the PoS consensus mechanism, which is known as Nightshade. It provides the solution to the scalability issues and offers stable fees. 

• Fantom (FTM)

It is a direct acyclic graph (DAG) smart contract platform. Also, DeFi services to the developers are available.  FTM was launched in 2019 officially. The token is called FTM, where the users can experience transactions within 2 seconds. 

• The Graph (GRT)

GRT is the token for the indexing protocol called Graph. It brings the decentralized public infrastructure, which is reliable and efficient. It allows the data queries for networks like Ethereum and IPFS. 

• IOTA (MIOTA)

When issuing a transaction in IOTA, two previous transactions are validated. This saves computing power and coins, rather than when done by miners.

• SHIBA INU (SHIB)

SHIBA INU was created in August 2020. It is a meme coin that gained the spotlight quickly.  It is an ethereum-based cryptocurrency like Dogecoin. At the SHIBA INY website, artists can create their own art as an NFT. 

Know more about NFT development courses from here.

• NEO (NEO)

It aims to digitize many types of assets and aims to make them possible for use in smart contracts.

• Kusama (KSM)

It is built on a blockchain building kit called Substrate. Much similar to polkadot. KSM is the native token for Kusama, usually used by startups. 

• Waves (WAVES)

It helps even a person without coding experience to create their own blockchain token.

• Klaytn (KLAY)

It is built on a blockchain building kit called Substrate. Much similar to polkadot. KSM is the native token for Kusama, usually used by startups. 

Conclusion 

We have mentioned the top 50 cryptocurrencies available in the market and are here to stay longer. Having the knowledge about these cryptocurrencies will give you a head start about the different types of digital tokens and blockchain platforms on which they work. Also, you will have a basic idea about cryptocurrency security and apply the learning in your professional career. If you are enthusiastic about learning cryptocurrency in detail, check blockchain professional courses and certification. You can find a plethora of blockchain and cryptocurrency certifications and Instructor-led training sessions at the blockchain council.