There are thousands of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making it difficult to get started in the world of crypto. These are the top 10 cryptocurrencies by market capitalization, or the total worth of all coins currently in circulation, to help you gain your bearings.

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1. Bitcoin is number one (BTC)
   $880 billion in market capitalization
   Bitcoin (BTC) is the first cryptocurrency, having been created in 2009 under the pseudonym Satoshi Nakamoto. BTC, like most cryptocurrencies, is based on a blockchain, which is a distributed ledger that logs transactions across a network of thousands of computers. Bitcoin is maintained secure and safe from fraudsters because updates to the distributed ledgers must be confirmed by solving a cryptographic problem, a process known as proof of work.

Bitcoin's value has soared as it has grown in popularity. In May 2016, a Bitcoin could be purchased for around $500. The price of a single Bitcoin reached above $46,300 on April 1, 2022. That's an increase of over 9,000 percent.

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#2.Ethereum is number two (ETH)

$415 billion in market capitalization
Ethereum is a darling of programmers because of its potential applications, such as smart contracts that run automatically when conditions are satisfied and non-fungible tokens. Ethereum is both a cryptocurrency and a blockchain platform (NFTs).

Ethereum has also exploded in popularity. Its price increased by more than 31,000 percent from April 2016 to the beginning of April 2022, from around $11 to over $3,450.

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3. Tether (USDT)

Over $79 billion in market capitalization
Tether is a stablecoin, which means it is backed by fiat currencies such as the US dollar and the Euro and has a value that is theoretically equal to one of those denominations. Tether's value is intended to be more consistent than other cryptocurrencies, which is why it's appreciated by investors who are frightened of other coins' excessive volatility.

4. Binance Coin (BNB)

Over $68 billion in market capitalization
Binance Coin is a cryptocurrency that may be used to trade and pay fees on Binance, one of the world's largest cryptocurrency exchanges.

Binance Coin has grown beyond simply conducting deals on Binance's exchange platform since its introduction in 2017. It can now be used for trade, payment processing, and even making travel reservations. It can also be exchanged or traded for other cryptocurrencies like Ethereum or Bitcoin.

In 2017, the price of BNB was only $0.10. Its price had climbed to over $445 by the beginning of April 2022, a gain of almost 445,000 percent.

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5. Coin of the United States of America, (USDC)

Over $53 billion in market capitalization
USD Coin (USDC), like Tether, is a stablecoin, which means it's backed by US dollars and aspires for a 1 USD to 1 USDC ratio. USDC is based on Ethereum, and it may be used to make international transactions.

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