Top 10 Cryptocurrencies 2022: Cryptocurrencies have become very popular in today’s era. Thousands of different cryptocurrencies exist in the form of digital currency in Cryptocurrency, up to Bitcoin (Bitcoin), Ethereum (Ethereum), Dogecoin , Binance Coin and Tether etc.
Some of these are stable like Tether and USD coin and some are trending quite a lot. Digitization of currency is happening all over the world and these cryptocurrencies have a significant contribution in that.
You also need to know that crypto currency is digital money that takes the form of tokens or ” coins “. Although some cryptocurrencies have entered the physical world with credit cards or other projects, most cryptocurrencies are completely intangible . Today we bring you the world ‘s top 10 cryptocurrencies in 2022 and their market value .
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You can start by joining the world of crypto , if you are also thinking of investing in cryptocurrency by joining the word crypto, or want to know about crypto , today we are telling you about the top 10 cryptocurrencies. So let’s know top ten cryptocurrency in the world 2022 , here we have come up with word top ten cryptocurrency in Hindi to help you. These are the top 10 cryptocurrencies based on their market capitalization , or all the coins currently in circulation. is the total value.
Top 10 Cryptocurrencies 2022
1. Bitcoin (BTC) Bitcoin(BTC )
Market Scope – Over $882 Billion
When one thinks of cryptocurrency, the most common name that comes to mind is bitcoin . You need to know that Bitcoin is virtual currency , which is transacted through digital medium. Bitcoin was introduced in 2009 by Satoshi Nakamoto (the name Satoshi Nakamoto used by the pseudonymous person or persons who developed bitcoin.
Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies , BTC runs on a blockchain. Bitcoin works on a process of cryptographic puzzle , so that bitcoin is kept safe from fraudsters. Bitcoin has become the world ‘s most expensive cryptocurrency , the price of bitcoin has skyrocketed as it has become a household name.
If we talk about starting you could buy bitcoin for around $500. But as of today, January 7, 2022, the price of one bitcoin was over $42,445.91 USD. That is, a growth of about 9,100%.
2. Ethereum (ETH) Ethereum
Market Scope – Over $447 Billion
It is the second most widely used cryptocurrency after bitcoin . Ethereum is a platform powered by blockchain technology that is known for its native cryptocurrency, called ether, or ETH, or simply Ethereum . Ethereum is a favorite of program developers because of its potential applications such as smart contracts, non-fungible tokens (NFTs) .
Ethereum also saw a tremendous jump like bitcoin. Its price jumped from around $11 today to over $3238.49 in January 7, 2022, up by more than 33,200%.
3. Binance Coin (BNB)
Market breadth – about $86 billion
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 only served to facilitate trades on Binance’s exchange platform.
Now, it can be used for business, payment processing or even booking travel arrangements. It can also be traded or exchanged for other types of cryptocurrencies , such as Ethereum or Bitcoin. Talking about its price, in 2017 its price was just $ 0.10, which by today January 7, 2022, it has increased by almost several thousand % to about $ 449.71.
4. Tether (USDT)
Market breadth – about $78 billion
Unlike some other forms of cryptocurrency, Tether is a stablecoin , which means that it is backed by fiat currencies such as the US dollar and euro and is hypothetically equal to one of the dollar and euro. In theory, this means that the value of Tether is considered to be more consistent than that of other cryptocurrencies, and is favored by investors who are wary of the extreme volatility of other coins.
5. Solana (SUN)Solana (SUN)
Market breadth – over $52 billion
Developed to help decentralized finance (DFI) use, decentralized apps (DApps) and smart contracts, Solana is a unique hybrid Proof-of-Stake and Proof-of-Stake. It runs on a proof-of-history mechanism which helps it to process transactions quickly and securely.
SOL, Solana ‘s native token, powers the platform. When it recently launched in 2020, the price of SOL started at $0.77. As of January 7, 2022, it was priced at around $140.15, a gain of over 22,000%.
6. Cardano (ADA) Cardano (ADA)
Market Scope – Over $44 Billion
Cardano is notable for its early embrace of proof-of-stake verification, sometime after the cryptocurrency landscape . This method accelerates transaction times and reduces energy use and environmental impact by removing the competitive, problem-solving aspect of transaction verification present in platforms such as bitcoin. Cardano also acts like Ethereum to enable smart contracts and decentralized applications , powered by ADA, its native coin.
Cardano’s ADA token has seen a relatively modest increase in comparison to other major crypto coins. In 2017, the initial price of ADA was $0.02. As of January 7, 2022, it was priced at $1.23. This is an increase of 6,600%.
7. U.S. Dollar Coin (USDC)
Market Scope – Over $42 Billion
Like Tether, the USD coin (USDC) is a stablecoin , which means it is backed by the US dollar and targets a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions. As of January 7, 2022, it was priced at $1.00.
8. XRP XRP
Market Scope – Over $39 Billion
Created by some of the same founders as digital technology and payment processing company Ripple, XRP can be used to facilitate the exchange of various currency types on a network that includes fiat. currencies and other major cryptocurrencies.
It started in 2017 with the price of XRP at $0.006. As of January 7, 2022, its price reached $0.75, which is an increase of over 13,700%.
9. Earth (MOON) Earth (Moon)
Market Scope – Over $33 Billion
Terra is a blockchain payment platform for stable coins that relies on maintaining a balance between two types of cryptocurrency. Terra-backed stablecoins, such as TeraUSD, are tied to the value of physical currencies. Their counterweight, Luna, powers the Terra platform and is used to shield more Terra stablecoins. The Terra stablecoins and Luna work in concert by supply and demand: when the price of a stablecoin is higher than that of its pegged currency. value is exceeded, users are encouraged to burn their Luna to make more of that Terra stablecoin.
Similarly, when its value drops compared to its native currency, it encourages users to burn their Terra stable coins in order to mint more Luna. As adoption of the Terra platforms increases, so does the value of Luna. Since January 7, 2021, when it was priced at $0.64, Luna has grown by 14,300% a year later to $92.64.
10. Polka dots (DOT)
Market Scope – Over $29 Billion
Cryptocurrencies can use any number of blockchains; Polkadot (and its namesake crypto) aims to integrate them by creating a cryptocurrency network that links different blockchains so that they can work together. This integration could change how cryptocurrencies are managed and has seen impressive growth since the launch of Polkadot in 2020. Between September 2020 and January 7, 2022, its price increased by nearly 925%, from $2.93 to $ 25.25 .