Top 10 Crypto Currencies of Other Than Bitcoin 2024

Top 10 Crypto Currencies: The majority of the biggest cryptocurrencies have recently experienced positive momentum, but investors in cryptocurrencies are still waiting for more regulatory developments.

Top 10 Crypto Currencies

Bulls in cryptocurrencies think the erratic market is headed for new highs and are hopeful that more institutional investors will start embracing cryptocurrencies as a result of clearer regulations.

Ethereum and Bitcoin continue to rule the cryptocurrency world, despite the availability of thousands of other cryptocurrencies. Over two-thirds of the cryptocurrency market is made up of the market capitalizations of Bitcoin and Ethereum.

Without including stablecoins, these are the top ten cryptocurrencies by market capitalization.

What Are Cryptocurrencies?

Before taking a closer look at some of these alternatives to Bitcoin (BTC), let’s step back and briefly examine what we mean by “cryptocurrency” and “altcoin”:

1. Bitcoin (BTC): $1 trillion is its market value.

Return year over year: 112%: Almost 14 years after its inception, bitcoin remains the world’s most valuable and well-liked cryptocurrency. Under the pseudonym Satoshi Nakamoto, an anonymous individual or group created Bitcoin, a blockchain-based, decentralized transaction verification system and public ledger that completely changed the way people thought about online security.

2. The market value of Ethereum (ETH) is $353.6 billion.

Return year over year: 78%: One of the earliest altcoins, or bitcoin substitutes, was Ethereum. Other than Bitcoin, Ethereum is the most valuable cryptocurrency. It was introduced in July 2015. The first blockchain to use smart contracts—code that powers decentralized apps, or dApps—was Ethereum. The native cryptocurrency of the Ethereum network is called ether, and over 1,400 applications and developer tools reside on the Ethereum blockchain. Ethereum successfully switched from a proof-of-work consensus method to a proof-of-stake transaction verification system in 2023, which requires significantly less energy. Compared to Bitcoin, Ethereum is currently a greener investment, but its blockchain functionality is what sets it apart.

3. Binance Coin (BNB)

Market cap: $56.2 billion: BNB is the cryptocurrency issued by Binance, one of the world’s largest cryptocurrency exchanges. BNB was created as a utility token built on the Ethereum network that users could use to access discounted trading fees on the Binance exchange. But the token has since transitioned to Binance’s own blockchain. BNB can now be used for a wide range of transactions, applications, and other use cases.

4. Solana (SOL)

Market cap: $45.1 billion: Solana was launched in March 2020. Like Ethereum, its network supports dApps, smart contracts, and non-fungible tokens. But Solana’s unique, hybrid proof-of-stake and proof-of-history verification system makes it faster and cheaper than Ethereum. Unfortunately, the Solana network has been plagued by outages since its launch, undermining its credibility within the crypto world. The Solana network was down for nearly 20 hours in February 2023. Fortunately for investors, Solana’s price got a big boost from the XRP court ruling, and its triple-digit gain in 2023 makes it the best-performing crypto on this list.

5. XRP (XRP)

Market cap: $29.2 billion: XRP, created by Ripple, is a global payments network designed to be an alternative to the Society for Worldwide Interbank Financial Telecommunications. SWIFT is the global system banks and other financial institutions use to transfer money. But Ripple claims its technology is faster, cheaper and more transparent than the SWIFT system. XRP is the native cryptocurrency designed for the Ripple network and XRP Ledger blockchain.

6. Cardano (ADA)

Market cap: $20.7 billion: Cardano is a decentralized proof-of-stake blockchain launched in September 2017 to be a more efficient system than bitcoin, Ethereum or other proof-of-work blockchains available at the time. Cardano immediately had credibility among crypto enthusiasts because Ethereum co-founder Charles Hoskinson founded it. Like Ethereum, Cardano is focused on functionality and aims to be the platform of choice for dApp development and verifiable smart contracts.

7. Avalanche (AVAX)

Market cap: $13.8 billion: Avalanche is another protocol launched relatively recently. The mainnet went live in September 2020. Avalanche claims to have learned from other projects in the race to establish itself as the fastest, most secure blockchain. Like several other blockchains on this list, the avalanche is a smart contract platform where decentralized apps (dApps) can be built.

8. TRON (TRX)

Market cap: $12.2 billion: Tron is a cryptocurrency project launched in August 2017 with the long-term goal of using blockchain technology and dApps to decentralize the internet. The network has more than 177 million accounts and hosts the largest circulating supply of stablecoins. Tron’s network uses a delegated proof-of-stake verification system, and its native cryptocurrency is TRX.

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9. Dogecoin (DOGE)

Market cap: $12.0 billion Dogecoin was created in 2013 as a parody of bitcoin, but the cryptocurrency has become a legitimate investment to many crypto traders because of its simplicity, its high-profile supporters and the online appeal of its shiba inu mascot. Dogecoin investor and Tesla CEO Elon Musk has repeatedly triggered volatility in dogecoin’s share price by mentioning or referencing the crypto.

10. Chainlink (LINK)

Market cap: $10.5 billion: Released in April 2021, LINK is a decentralized system of nodes that connects an on-chain smart contract to data and information from outside a blockchain. For those new to crypto lingo, smart contracts function similarly to paper contracts.

Which coin will explode in 2024?

ETHEREUM (ETH)

Both a cryptocurrency and a blockchain, Ethereum is a favourite of ours for multiple reasons. The world’s second-largest cryptocurrency has a growing demand and accessibility, which will be boosted by the upcoming ETH ETFs expected in May 2024.

Also Read: Cryptocurrency under the ambit of law, Finance Minister Nirmala Sitharaman gave this important information

Which coin will boom in 2025?

Bitcoin Cash and Ethereum Classic have potential for future growth, Ethereum could reach a market cap of 2.2 trillion dollars and a price of 18,000 per token by 2025, while Binance and Kronos exchange tokens have growth potential and Dogecoin’s market cap could potentially increase from 9.1 billion to 90 billion.

Top 10 Cryptos in 2024(Which crypto is best for 2024?)