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In only a few years' time, the cryptocurrency industry has exploded. From the now-ubiquitous tales of "bitcoin millionaires" to the increasing number of companies jumping into the crypto arena, it's hard to ignore the news—or the feeling that not owning cryptocurrency means missing out. The price of one bitcoin has ranged from $1,000 in early 2017 to more than $68,000 in November 2021, before falling back to around $16,000 by late 2022—but with intense volatility, including periodic drawdowns of more than 50% along the way. Which cryptocurrency to invest in Get this delivered to your inbox, and more info about our products and services.

In just over two months, the market capitalization of the cryptocurrency market has doubled, according to price tracking website CoinGecko, as retail and institutional investors pile into the space. New to Crypto? Download the Binance app to get started Mid-cap cryptocurrencies are assets in the top 10-50 cryptocurrencies by market cap. They have MCap between $1 billion and $10 billion. They have more growth prospects than large-caps, but also experience more volatility and risk. Litecoin and Algorand are both mid-cap. 

Founded by Circle, USD Coin (USDC) is a stablecoin attached to the US dollar. The cryptocurrency is managed by a consortium called Centre and includes Coinbase members as well as members from Bitmain, a Bitcoin mining company with investment in Circle. USDC is a private crypto stablecoin – unlike central digital banking currencies (CBDCs) – despite its affiliation with centralised US currency (USD). Available as an Ethereum ERC-20 token, USDC can be bought, traded and held on blockchains including Solana, Stellar, Polygon and Avalanche.  Featured Topics From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, making it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies based on their market capitalization or the total value of all the coins currently in circulation.

Thank you for reading CFI’s guide to the Top 10 Cryptocurrencies. To keep advancing your career, the additional CFI resources below will be useful: Create a free account to unlock this Template Last and least valuable by market cap is ATOM, the native token of the Cosmos Hub blockchain. ATOM is more than just a means for securing the network. It's also a governance token, giving holders a say in how the Cosmos ecosystem should evolve. One issue with the nascent cryptocurrency space is that there are so many different, independent blockchains. This is a challenge that Cosmos aims to alleviate by making inter-blockchain communication easier, faster and less expensive. Cosmos' ultimate aspiration is to make blockchain technology more accessible for both coders and end users, which could pay off if blockchain tech becomes as ubiquitous as some optimists in the space expect.