You might have heard about Bitcoin or Ethereum, the most common types of cryptocurrencies, but there are several other options when discussing digital currency. Knowing about all types of cryptocurrency is crucial for informative decision-making. Here is a list of the types of cryptocurrency by the dollar value of the coin’s existence, that is, market capitalisation or market cap, and their prices.
1.Bitcoin (BTC)
Bitcoin is the world’s first and one of the most popular types of cryptocurrency. Published in 2008, bitcoin transactions are recorded on a public ledger called the blockchain. However, Bitcoin’s journey since its inception has been a roller-coaster. In 2017, Bitcoin broke into popular consciousness. In 2024, the SEC approved the trading of ETFs that invest directly into Bitcoin, the simplest change for investors to bet on.
Price- $57,252
Market Cap- $ 1,129.04B
2. Ethereum (ETH)
On the list of the types of cryptocurrency, the second name is Ethereum. What makes Ethereum second most like cryptocurrency is the smart contract aspect. Like Bitcoin, Ethereum operates on its own blockchain. Ethereum was proposed in 2013 by Vitalik Burterin, and development began early in 2014. The most important thing about Ethereum that makes it one of the most popular types of cryptocurrency after Bitcoin is that Ethereum is safe and transparent.
Price- $3,069.33
Market Cap- $ 371.13B
3. Tether (USDT)
Tether is a type of stablecoin. Unlike other cryptocurrencies, which can be highly volatile, Tether is designed to maintain a stable value by being pegged to a reserve of fiat currencies. It was launched in 2014 to provide a stable digital alternative to traditional currencies, facilitating the movement of funds between cryptocurrency exchanges without the volatility associated with other cryptocurrencies.
Price- $1.00
Market Cap- $ 112.24B
4. BNB (BNB)
BNB, also known as Binance Coin, is one of the largest types of cryptocurrency exchanges. It was launched in 2017 during an Initial Coin Offering (ICO), issued as an ER-20 token on the Ethereum blockchain. Later, it was migrated to Binance’s own blockchain. The prime use of BNB is to pay transaction fees on the Binance Exchange.
Price – $ 522.45
Market Cap- $ 77.35B
5. Solana
Solana, or SOL, is among the types of cryptocurrency that works on blockchain systems, like Bitcoin and Ethereum. Its network can perform a whopping 50,000 transactions per second, making it an attractive platform for investors who want to trade quickly. It is a highly-performing blockchain platform designed to support decentralised applications and cryptocurrencies.
Price – $ 136.96 pe
Market Cap- $63.32B
6. USD Coin (USDC)
Just like Tether, USD Coin is a stablecoin connected to the US dollar. It was launched in 2018 by the CENTRE consortium, a collaboration between Circle and Coinbase. USD Coin was issued by regulated financial institutions and fully backed by reserve assets. One of the benefits of using USD Coin is it is transparent and accepted across cryptocurrency exchanges.
Price – $1. 00
Market Cap – $32.86B
7. XRP (XRP)
On the list of types of cryptocurrency, XRP is the last one. It runs on the Ripple Network and is described as ‘Cryptocurrency for banks’ because it is designed to serve the financial services industry’s needs. It serves as a bridge between two currencies to offer cheaper, quicker global transfers.
Price – $0.47
Market Cap- $24.61B
Different types of cryptocurrency have different values in the market and are stored and transferred in a location called crypto wallets. Knowing about all types of crypto helps you to understand which coins or tokens might be right for you. It reduces the risks and helps investors to make informed decisions about their money.
