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Top 5 Cryptocurrencies By Market-Capitalisation

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Market capitalization for a cryptocurrency like any other security will vary from time to time based on the price of the underlying. Nonetheless here we mention the top cryptocurrencies by market capitalization as on June 4, 2021.

 

1. Bitcoin (BTC):

1. Bitcoin (BTC):

Bitcoin is indeed the prominent cryptocurrency in the crypto universe. Since its inception in the year 2009, the digital currency has witnessed significant highs and lows. At a time when it was launched as the first decentralized currency to run on Blockchain, 1 Bitcoin (BTC) was valued at $0.

In July 2010, it began trading at a price between $0.0008 to $0.08 per BTC.

And in April 2021, it hit an all time high price of $64,863.10.

Currently, owing to a number of developments as being influenced by Elon Musk's repeated tweets then later Tesla's withdrawal from accepting bitcoin for purchase of its electric vehicles and now again on Tesla's boss Musk's cryptic tweet which suggested of a breakup with the largest cryptocurrency, bitcoin was down in trade and quoted at a price of $37032.85

M-cap of BTC- $693.47 billion

2.	Ethereum (ETH):
 

2. Ethereum (ETH):

Ethereum is the most actively used decentralized and open source blockchain. The cryptocurrency of the platform is Ether. The current trend suggests that ether is surpassing bitcoin in trading volume and is said to take over Bitcoin as the largest digital currency

Trading in Ethereum began on August 7, 2015 at a price of $2.77

All time high price of Ethereum is $4362.35

Current market price- $2712.62

Now at the current market price, Ethereum commands a market cap of $314.843B

3. Tether(USDT)

3. Tether(USDT)

In January 2015, the cryptocurrency exchange Bitfinex began trading of Tether on its platform. The digital token Tether is categorized amongst stablecoins as it was primarily designed to be always worth $1. The digital token is found on various blockchains and over the last few years has seen increasing trading volumes as well as improved liquidity.

USDT facilitates traders in cryptocurrencies as it enables them to avoid volatility associated with other crypto assets including BTC.

52-week high price- $1.0564

Current price- $1.001

M-cap: $62.019 billion

4. Binance Coin (BNB):

4. Binance Coin (BNB):

This is the crypto issued by the Binance exchange (launched first in 2017) as an utility token and trades with the symbol BNB. Binance until the year 2018 was the largest crypto exchange world over but has now been replaced by CoinDCX.

Talking about the crypto Binance Coin it is largely a Ethereum based currency which enables trading in cryptocurrencies and also for fee payment over the Binance exchange. The company has a broader vision of becoming the main infrastructure providing company for the whole of blockchain ecosystem.

All of the 100 million BNB tokens that were available for public sale were sold at 15 cents per coin during the ICO.

Binance Coin was last priced at $391

52-week high- $690.93

M-Cap is $60.348 Billion

5. Cardano (ADA):

5. Cardano (ADA):

According to Investopedia, Cardano is a decentralised third-generation proof of stake blockchain. The token used for paying fees as well as utilize as a payment mode on the Cardano blockchain is ADA. In the crypto universe, ADA is usually known as Cardano. The cofounder of Ethereum, Charles Hoskinson began to develop Cardano in 2015 and launched it in 2017. Every transaction on the platform is permanently recorded on blockchain

It is an important altcoin, a cryptocurrency other than Bitcoin.

52 week range - $0.069-2.461

The altcoin Cardano with the token ADA last quoted at a price of $1.75

At the current price, Cardano is the fifth leading crypto by market cap of $55.91 billion

GoodReturns.in


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