1•Solana (SOL)
Market cap: $73.94 billion
YTD: 682.23%
Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms to process transactions quickly and securely. SOL, Solana’s native token, powers the platform.
When it launched in 2020, SOL’s price started at $0.77. By late July 2024, its price was around $156.62, a gain of 20,241%. As of August 27, 2024, Solana is trading at $158.64.
2. U.S. Dollar Coin (USDC)
Market cap: $34.53 billion
YTD: -0.02%
Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions. As of August 27, 2024, USDC is trading at $0.9998.
Market cap: $33.34 billion
YTD: 12.73%
Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on that network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.
3•XRP
At the beginning of 2017, the price of XRP was $0.006. As of May 2, 2024, it reached $0.52, a rise of 8,497%. As of August 27, 2024, XRP is trading at $0.5922.
4•Doge
Market cap: $15.45 billion
YTD: 68.37%
Developed initially as a layer-1 blockchain for Telegram’s encrypted messaging platform, Toncoin was soon abandoned before being taken over by the TON foundation. The project name was even changed to “The Open Network” from “Telegram Open Network,” both referred to by their acronym: TON.
Toncoin—first known as Gram—is TON’s native token. It is an application that allows users to buy, send, and store funds on TON’s incredibly fast, environmentally friendly network. As of August 27, 2024, DOGE is trading at $0.1061.
5•Tron
Market cap: $14.06 billion
YTD: 109.87%
The Tron Foundation launched TRON in 2017. It is a decentralized blockchain-based operating system. At first, the tokens were ERC-20-based and developed on ETH, but a year after its launch, they moved to their own network.
The TRON software supports smart contracts, dApps, and various blockchain systems. The crypto platform uses a transaction model similar to Bitcoin (BTC). As of August 27, 2024, TRX is trading at $5.38.
