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
Top 10 Cryptocurrencies Of 2023
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.
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1. Bitcoin (BTC)
Market cap: $535.7 billion
Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy one Bitcoin for about $500. As of Oct. 10, 2023, a single Bitcoin’s price was around $27,459. That’s a growth of 5,392%.
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Top 10 Cryptocurrencies Of 2023
Kat Tretina
Contributor
Michael Adams
Editor
Fact Checked
Updated: Oct 10, 2023, 10:56am
Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations.
Top 10 Cryptocurrencies Of 2023
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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.
Best Crypto To Buy Now
Featured Partner Offers
Welcome Offer
Join eToro and get $10 of free Crypto! (US Only)
Fees (Maker/Taker)
1%/1%
Cryptocurrencies Available for Trade
20+
1
eToro
Learn More
Via eToro's Website
Trading Fees
0.4% Maker Fee / 0.6% Taker Fee
Tradable Coins
200+
2
Coinbase
Learn More
On Coinbase's Secure Website
Fees (Maker/Taker)
0.95%/1.25%
Cryptocurrencies Available for Trade
250+
3
Uphold
Learn More
On Uphold's Website
Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.
1. Bitcoin (BTC)
Market cap: $535.7 billion
Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy one Bitcoin for about $500. As of Oct. 10, 2023, a single Bitcoin’s price was around $27,459. That’s a growth of 5,392%.
Related: How To Buy Bitcoin
2. Ethereum (ETH)
Market cap: $189.7 billion
Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).
Ethereum has also experienced tremendous growth. From April 2016 to the end of October 2023, its price went from about $11 to around $1,578, increasing 14,244%
3.Tether (USDT)
Market cap: $83.5 billion
Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.
4. Binance Coin (BNB)
Market cap: $31.9 billion
Binance Coin (BNB) 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 expanded past merely facilitating trades on Binance’s exchange platform. Now, it can be used for trading, payment processing or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.
BNB’s price in 2017 was just $0.10. By late October 2023, its price had risen to around $207, a gain of 207,066%.
Related: How To Buy Cryptocurrency
5. XRP (XRP)
Market cap: $26.5 billion
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.
At the beginning of 2017, the price of XRP was $0.006. As of Oct. 10, 2023, its price reached $0.50, equal to a rise of 8,175%.
6. U.S. Dollar Coin (USDC)
Market cap: $25.4 billion
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.
7. Solana (SOL)
Market cap: $9.2 billion
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 October 2023, its price was around# $22.17, a gain of 2,779%.
