According to crypto.com, more than 5,000 altcoins (other than BTC) are available on more than 20,000 decentralized market caps.
Bitcoin (BTC) is the oldest and best-known digital currency that introduced blockchain technology. After Bitcoin, almost every digital currency lies under the name “altcoins.”
The term “altcoin” refers to those thousands of predominant cryptocurrencies that are working alongside Bitcoin to compete for ultimate supremacy.
In this article, we are going to see a few of the top altcoins registered on crypto.com along with their markets.
After BTC, the first altcoin was Ethereum. Today, its market cap is $362,913,612,643 at around USD 3,114.87.
Cardano (ADA) is a decentralized blockchain and cryptocurrency project and is fully open source. Today, its market cap is $73,958,729,254 at an affordable price of around USD 2.34.
Tether (USDT) is a cryptocurrency that is USD-pegged, otherwise known as a stable coin. Today, its market cap is $68,597,121,702at an affordable price of around USD 1.00.
Binance Coin (BNB) is used to pay fees on the Binance cryptocurrency exchange. Today, BNB has a circulating supply of 168,137,036.00 BNB at a price of around USD 381.46.
Ripple (XRP) connects DeFi (Decentralized Financial System) via RippleNet to provide a frictionless experience to send money globally. Today, its market cap is $46,115,004,320 at an affordable price of around USD 1.00.
Core to Solana (SOL) scaling solution is a decentralized clock known for Proof-of-History (PoH). This altcoin was created to solve timing issues in distributed networks where there is not a distinct, trusted, source of managing time. Today, anyone can acquire SOL at around 15 USD.
Polkadot (DOT) has a sharded protocol to let decentralized networks operate together. For now, it governs the network, staking, and bonding. Today, anyone can acquire DOT at around 33.46 USD dollars.
Based on an internet meme and featuring a Shiba Inu due to its logo, Dogecoin (DOGE) was forked from Lite coin in late 2013. Today, DOGE’s circulating supply is 131,419,507,713.68 DOGE at 0.227 USD, today.
Today, Litecoin (LTC) is available at USD 162.40, with a trading volume of USD 2,111,523,124.10.
LTC has lower transaction fees than Bitcoin and can be used on the web to pay for goods at crypto casinos.
Tron is a blockchain-based decentralized network that aims to construct an entertainment system to freely publish, store and own data. Today, Tron is available at USD 0.09756, with a trading volume of USD 2,111,523,124.10.
Conclusion
Everyone loves these altcoins nowadays!
Today, anyone who wants to spend, store, trade, and save these altcoins can start mining at affordable rates. These altcoins seem to get stronger day by day, consolidating advanced functionalities while reducing the gap of other conventional cryptocurrencies.
The most challenging part for these currencies is to overcome gaps such as ease in converting your money, introducing Cashback cards, acquiring scalability, and so on…
Let’s see how altcoins shape the crypto world in the upcoming months….
