Top 10 cryptocurrencies in April 2022

From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies that can be confusing when first entering the world of cryptocurrencies. To help you find your way around, here are the top 10 cryptocurrencies by market capitalization or the total value of all coins currently in circulation.

1. Bitcoin (BTC)

Market cap: $880 billion

Created in 2009 under the pseudonym of Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. Like most cryptocurrencies, BTC runs on a blockchain or laser logging process distributed across a network of thousands of computers.

 Bitcoin is safe from scammers because additions to distributed ledgers must be verified by solving a cryptographic puzzle, a process that is supposed to work.

The price of Bitcoin skyrocketed when it became a household name. As of May 2016, you can buy bitcoin for around $500. Since April 1, 2022, the price of one bitcoin has exceeded $46,300. This is a growth rate of over 9,000%.

Related Topics: Buy Bitcoin

2. Ethereum (ETH)

Market capitalization: 415 billion

As a cryptocurrency and blockchain platform, Ethereum is favored by software developers for its potential applications such as smart contracts and immutable tokens (NFTs), which automatically expire when conditions are met.

Ethereum has also seen strong growth. From April 2016 to early April 2022, the price increased by more than 31,000% from around $11 to $3,450.

Related: How to buy Ethereum

3. Bond (USDT)

Market capitalization: more than 79 billion dollars

Unlike other types of cryptocurrencies, Tether is a stable coin, which means it is backed by fiat currencies like the US dollar and euro and has a default of either other. In theory, this means that Tether's value is more consistent than that of other cryptocurrencies, and investors should beware of excessive volatility in other currencies.

4. Binance Coin (BNB)

Market capitalization: more than 68.68 billion

Binance Coin is a type of cryptocurrency that allows you to trade and pay commissions on Binance, one of the largest cryptocurrency exchanges in the world.

Since its launch in 2017, Binance Coin has historically grown to facilitate transactions on the Binance exchange. This means that it is now possible to book transactions, payment transactions, and even travel arrangements. It can also be exchanged for other cryptocurrencies such as Ethereum or Bitcoin.

In 2017, the price of BNB was only 0.10. At the beginning of April 2022, the price increased by around $445,000, an increase of around $445.

Related Topics: Buying Cryptocurrency

5. Currency in US Dollars (USDC)

Market capitalization: more than 53 billion dollars

Like Tether, the US Dollar (USDC) is a stable coin, which means it is backed by the US Dollar and aims to trade between $1 and $1. USDC is powered by Ethereum and you can use USD Coin to transact worldwide.

6. Left (Left)

Market value: 44.5 billion

Designed to improve the use of decentralized finance (Defi), decentralized applications (DApps), and smart contracts, Solana provides unique hybrid proof of sharing and anecdotal evidence to help manage transactions. quickly and safely It works with Solana's legacy code SOL process, improving the platform.

At the time of launch in 2020, the price of SOL starts at 0.77, as of April 1, 2022, the price is around 6.136, an increase of over 17500%.

7. XRP

Market value: 40 billion

Created by the founder of digital technology and payment processing company Ripple, XRP will be used in this network to facilitate transactions in various currencies, including fiat currencies and other major cryptocurrencies.

In early 2017, XRP was priced at $0.06. As of April 2022, it was priced at 8 0.83, an increase of 13.70%.

8. Gimbal (ADA)

Market value: $39 billion

Soon, in the cryptocurrency situation, Cardano came to the fore with its initial implementation of proof-of-stakeholder checks. This approach resolves issues related to the validity of transactions on platforms such as Bitcoin, reducing transaction times. To reduce energy costs and eliminate the competitive edge, Cardano works like Ethereum, enabling ADA decentralized smart compacts and applications.

Cardano's ADA has moderately grown compared to The other main cryptocurrencies in 2017, ADA was $0.02, as of April 1, 2022, it was $1.17, corresponding to a 5,750% increase.

9. Moon

Market value: 37.5 billion

Terra is a stable blockchain payment platform based on balancing cryptocurrency. Stablecoin coin similar to TerraUSD is fixed with real currency value. Their Luna counters empower the Earth Platform and use it to generate more Earth Coins.

Earth and Moon Stablecoins work together based on supply and demand if the value of the stable coin is higher than the value of the respective currency. Users are encouraged to burn Luna and create more terra from this Stablecoin. Users are encouraged to burn terra Stabilcoins and generate more lunas when the price is lower than the base coin. As the use of the Earth platform increases, so does the value of the Moon.

From January 3, 2021, to early April 2022, when the price was $0.64, Luna increased by more than 16,400% to $106.


10. It's Snowing (Afax)

Market value: more than 26 26 billion

Like Ethereum and Cardano, Avalanche provides blockchain software with the ability to create and execute smart contracts using local tokens. (In this case, AVAX) Since its launch in 2020, snowfall has skyrocketed due to relatively low fuel fees and fast trading processes.