A visual guide to understanding the ranking of cryptocurrencies
Bitcoin (BTC): The 'king' of the entire cryptocurrency market, possessing primacy and dominance.
Ethereum (ETH): Ranks just below Bitcoin, known as the world computer.
Cardano (ADA): Created by a co-founder of Ethereum, but its market value and application ecosystem have yet to reach the heights of Ethereum.
Dogecoin (DOGE): Originally a joke, but with endorsements from celebrities like Musk, it has become a 'meme coin' in the market.
XRP (Ripple): A cryptocurrency focused on cross-border payments, with a highly volatile market position.
BNB (Binance Coin): The native token issued by the Binance exchange, which has ecological advantages within the exchange.
Shiba Inu (SHIB): A 'meme coin' that rose to prominence by imitating Dogecoin.
Dash: A cryptocurrency characterized by privacy and fast payments, but has seen a decline in popularity in recent years, being surpassed by emerging coins.