Top Cryptocurrency by Market Capitalization | Crypto with Highest Market Cap.
Cryptocurrency is the one of the trending topic worldwide in 2024, let’s have a look on top cryptocurrency by market capitalization in 2024.
Cryptocurrency is a decentralized digital/virtual currency, that works by using a technology named Blockchain (a database recording digital database). The cryptocurrency market is highly fluctuating; consequently, within minutes, it can experience significant ups and downs. As a result, changes in crypto market capitalization are observed frequently.
The global crypto market cap will be over $2.43 Trillion in 2024. This is the all-time highest, the surge in the crypto market led by Bitcoin, and followed by other major cryptocurrencies ETH, XRP, Doge, etc.
Before going further let me clarify what exactly a market cap is. and how we calculate it.
Market Capitalization is defined as the market value of a company/Crypto coin, it measures the worth of the coin in an open market.
The individual crypto coin market cap equals the coin price multiplied by the coin circulating supply.
List of Top Cryptocurrencies by Market Cap.
| S. No. | Crypto Name | Price (in $US) | Market Cap. (in $US) |
|---|---|---|---|
| 1. | Bitcoin (BTC) | $1.32 Trillion | |
| 2. | Ethereum (ETH) | $420.57 Billion | |
| 3. | Tether (USDT) | $112.82 Billion | |
| 4. | Binance Coin (BNB) | $91.37 Billion | |
| 5. | Solana (SOL) | $79.95 Billion | |
| 6. | USD Coin (USDC) | $33.91 Billion | |
| 7. | Ripple (XRP) | $32.42 Billion | |
| 8. | Dogecoin (DOGE) | $19.11 Billion | |
| 9. | Toncoin (TON) | $17.52 Billion | |
| 10. | Cardano (ADA) | $15.29 Billion | |
| 11. | Tron (TRX) | $11.68 Billion | |
| 12. | Avalanche (AVAX) | $11.53 Billion | |
| 13. | Shiba Inu (SHIB) | $10.47 Billion | |
| 14. | Wrapped Bitcoin (WBTC) | $10.21 Billion | |
| 15. | Chainlink (LINK) | $8.69 Billion |
Bitcoin (BTC)
It is considered that Bitcoin is the oldest and first cryptocurrency invented in 2008 and began using in 2009, developed by an unknown person named Satoshi Nakamoto. It operates on a decentralized network using a proof-of-work consensus mechanism and remains the leading cryptocurrency by market capitalization.
Bitcoin Market Cap – $1.33 Trillion
Price – $67,178
Total BTC Supply – 19 Million Bitcoins
Ethereum (ETH)
Ethereum is a decentralized blockchain platform, developed by Vitalik Buterin in 2015. It allows developers to build and deploy self-executing contracts with the terms directly written into the code. Ethereum is currently transitioning to Ethereum 2.0, a major upgrade.
Ethereum Market Cap – $420.57 Billion
Price – $3,462
Total ETH Supply – Right now 120 Million Ethereum coins circulated
Tether (USDT)
Tether is a stablecoin designed to maintain a stable value, primarily the US dollar, Launched in 2014 by Tether Limited. It is widely used for trading, remittances, and as a means of preserving value during market downturns.
Tether Market Cap – $112.82 Billion
Price – $1
Total USDT Supply – 114 Billion USDT in circulation
Binance Coin (BNB)
Binance Coin is the native cryptocurrency of the Binance Exchange, introduced in 2017 and operated on Binance’s blockchain. BNB is primarily used to pay for transaction fees on the Binance platform, where users receive discounts for using it.
Binance Market Cap – $91.37 Billion
Price – $591
Total BNB Supply – 145 Million Binance coins
Solana (SOL)
Solana is a high-performance blockchain platform known for its exceptional transaction speed and low costs, launched in 2020 by Anatoly Yakovenko. Solana aims to provide a scalable solution for decentralized applications (dApps) and cryptocurrencies without sacrificing decentralization.
Solana Market Cap – $79.95 Billion
Price – $175
Total SOL Supply – 464 Million SOL in circulation
USD Coin (USDC)
USD Coin is a stablecoin pegged to the US dollar, launched in 2018. USDC offers the stability of traditional currencies combined with the benefits of blockchain technology.
USD Coin Market Cap – $33.91 Billion
Price – $0.99
Total USDC Supply – 33 Billion coins circulated
Ripple (XRP)
Ripple is both a digital payment protocol and a cryptocurrency, founded by Chris Larsen and Jed McCaleb in 2012. Ripple aims to facilitate real-time cross-border transactions for banks and financial institutions.
Ripple Market Cap – $32.42 Billion
Price – $0.58
Total XRP Supply – 55 Billion in circulation
Dogecoin (DOGE)
Dogecoin began as a meme cryptocurrency in 2013, created by software engineers Billy Markus and Jackson Palmer. Its origins as a joke, It is often used for tipping content creators online and for charitable fundraising.
Dogecoin Market Cap – $19.11 Billion
Price – $0.128
Total DOGE Supply – more than 145 billion Dogecoin circulated
Toncoin (TON)
Toncoin is the native cryptocurrency of the TON (Telegram Open Network) blockchain, launched in 2018. TON aims to provide a fast, secure, and scalable solution for decentralized applications, payments, and micropayments.
Toncoin Market Cap – $17.52 Billion
Price – $7.06
Total TON Supply – right now 2 billion Tether coins circulated
Cardano (ADA)
Cardano is a blockchain platform that emphasizes security, scalability, and sustainability, launched in 2017. Cardano aims to provide a balanced and sustainable ecosystem for decentralized applications and smart contracts.
Cardano Market Cap – $15.29 Billion
Price – $0.42
Total ADA Supply – 35 Billion Cardano coins
Tron (TRX)
Tron is a blockchain-based platform for creating and sharing digital content, founded by Justin Sun in 2017. Tron aims to decentralize the internet by enabling developers to build decentralized applications (dApps).
Tron Market Cap – $11.68 Billion
Price – $0.13
Total TRX Supply – right now 87 Billion Tron coins circulated
Avalanche (AVAX)
Avalanche is a high-performance blockchain platform designed for decentralized applications, launched by Ava Labs in 2020. Avalanche aims to provide a scalable and efficient platform for financial products and services.
Avalanche Market Cap – $11.53 Billion
Price – $30.54
Total AVAX Supply – 394 Million coins in circulation
Shiba Inu (SHIB)
Shiba Inu is a meme-based cryptocurrency inspired by Dogecoin, created in August 2020 by an anonymous person or group known as Ryoshi. Shiba Inu is referred to as “Dogecoin Killer” All of a sudden gained popularity due to its vibrant community and significant presence on social media platforms.
Shiba Inu Market Cap – $10.47 Billion
Price – $1.74
Total SHIB Supply – 589 Trillion Shiba Inu coins
Wrapped Bitcoin (WBTC)
Wrapped Bitcoin is an ERC-20 token representing Bitcoin on the Ethereum blockchain, launched in 2019. WBTC allows Bitcoin holders to participate in the Ethereum DeFi ecosystem by using their Bitcoin as collateral or for trading.
Wrapped Bitcoin Market Cap – $10.21 Billion
Price – $66,906
Total WBTC Supply – 154 K Wrapped Bitcoin in circulating supply
Chainlink (LINK)
Chainlink launched in 2017 by Sergey Nazarov and Steve Ellis, is a decentralized oracle network that connects smart contracts with real-world data. Chainlink provides reliable and tamper-proof data feeds, which are crucial for the functionality of decentralized finance (DeFi) applications.
Chainlink Market Cap – $8.69 Billion
Price – $14.30
Total LINK Supply – 608 Million Chainlink Coins
Note: This information is as of July 2024, all these coins are mostly at the top and in the same position but the Crypto market is very fluctuating and the coin price and market cap change frequently, so at that time the position of few coins maybe change or exchange with another one.
