Top 10 Performing Cryptocurrencies In 2021/2022-Next big cryptos

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There are thousands of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making it difficult to get started in the world of crypto. These are the top 10 performing cryptocurrencies by market capitalization, or the total worth of all coins currently in circulation and popularity, to help you gain your bearings.

1. Bitcoin (BTC)

  • With Market cap: Over $955 billion

Bitcoin (BTC) is the first cryptocurrency, having been created in 2009 under the pseudonym Satoshi Nakamoto. BTC, like most cryptocurrencies, is based on a blockchain, which is a distributed ledger that logs transactions across a network of thousands of computers. Bitcoin is maintained secure and safe from fraudsters because updates to the distributed ledgers must be confirmed by solving a cryptographic problem, a process known as proof of work.

Bitcoin’s price has skyrocketed as it’s become a household name. Five years ago, you could buy Bitcoin for about $600. As of Oct. , 2021, a single Bitcoin’s price was over $65,000. That’s a growth more than 13,400%.

2. Ethereum (ETH)

  • Market cap: Over $509 billion

Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).

Ethereum has also experienced tremendous growth. In just over five years, its price went from about $11 to over $4,700, increasing over 42,000%.

3. Binance Coin (BNB)

  • Market cap: Over $96.44 billion

The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.

Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

Its price in 2017 was just $0.10; by Nov. 30, 2021, it had risen to over $658 and dropped to $578.19, a gain of approximately 627,000%.

4. Tether (USDT)

  • Market cap: Over $76 billion

Tether is a stablecoin, which means it is backed by fiat currencies such as the US dollar and the Euro and has a value that is theoretically equal to one of those denominations. Tether’s value is intended to be more consistent than other cryptocurrencies, which is why it’s appreciated by investors who are frightened of other coins’ excessive volatility.

5. Solana (SOL)

  • Market cap: Over $64 billion

Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. SOL, Solana’s native token, powers the platform.

When it launched in 2020, SOL’s price started at $0.77. By Nov. 30, 2021, its price, rose up to $260, a gain of more than 26,500%.

6. Cardano (ADA)

  • Market cap: Over $52 billion

Cardano is famous for being one of the first crypto projects that use proof-of-stake validation. By removing the competitive, problem-solving part of transaction verification found in platforms like Bitcoin, this solution reduces transaction time, energy consumption, and environmental effect. Cardano functions similarly to Ethereum in that it uses ADA, its native coin, to enable smart contracts and decentralized apps.

In comparison to other prominent crypto coins, Cardano’s ADA token has grown slowly. The price of ADA in 2017 was just $0.02. Its current price is $1.37 as of December 08, 2021. This is about 7,850 percent rise.

8. U.S. Dollar Coin (USDC)

  • Market cap: Over $38 billion

USD Coin (USDC), like Tether, is a stablecoin, which means it’s backed by US dollars and aspires for a 1 USD to 1 USDC ratio. USDC is based on Ethereum, and it may be used to make international transactions.

7. XRP (XRP)

  • Market cap: Over $38 billion

Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.

At the beginning of 2017, the price of XRP was $0.006. As of Nov. 30, 2021, its price reached $1.00, equal to a rise of 16,666%.

9. Polkadot (DOT)

  • Market cap: Over $30 billion

Polkadot (and its namesake crypto) intends to unify them by building a cryptocurrency network that connects the multiple blockchains so they may work together. Since Polkadot’s inception in 2020, this integration has sparked significant growth and may transform how cryptocurrencies are maintained. Its price increased more 3,200 percent from $2.93 to $50 between April 2021 and July 30th, 2021.

10. Terra (LUNA)-The top 10 performing cryptocurrencies 2021 & 2022

  • Market cap: Over $26.12 billion

Terra is a decentralized financial payment network that uses the blockchain to recreate the traditional payment stack. To promote programmable payments and the creation of open financial infrastructure, it uses a basket of fiat-pegged stablecoins that are algorithmically stabilized by its reserve currency Luna. The network has transacted an estimated $299 billion for over 2 million members as of December 2020. On January 06, 2021 the price of Luna was at $0.716676, the current price of Luna is at $70 that’s obviously a great win for the early holders

Give your comments on what you think the future of these crytocurrency hold

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