Top 10 Most Popular Cryptocurrencies In The World (2022)

It is no longer news, how cryptocurrency has taken the traditional finance market by force, as of the time of this post, they are more than 18,000 cryptocurrencies in existence. Some of these currencies have little to no following or trading volume, while others enjoy immense popularity among dedicated communities of investors. To help you navigate this complex world of crypto, we have compiled the 10 most popular cryptocurrencies in the world in 2022.

10 most popular cryptocurrencies in the world(2022)

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1. Bitcoin (BTC)

Bitcoin is the first cryptocurrency in the world, it was launched in 2008, by an anonymous person named Satoshi Nakamoto. It has however grown to be the biggest and most widely traded cryptocurrency with a market cap of around $565 Billion

Like most cryptocurrencies, Bitcoin runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers.  The coin was initially created to be used as a digital payment system, but experts say it is still too volatile to be used for that.

2. Ethereum (ETH)

Ethereum is the cryptocurrency of the Ethereum network, an open-source blockchain upon which developers can build apps and other cryptocurrencies. It’s also the second largest cryptocurrency by market cap, behind Bitcoin and is expected to hit $3,500 per token come 2023.

Ethereum is projected with better potential than even Bitcoin. The project is speculated potentially revolutionise many industries as its major goal is to create a decentralized suite of financial products that anyone in the world can freely access, regardless of nationality, ethnicity, or faith.

3. Tether (USDT)

Tether (USDT) is a stable coin cryptocurrency. Unlike most cryptocurrencies, Tether is backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations.  It is one of the first cryptocurrencies to tie its value to a fiat currency.

With a market cap of $72 Billion, Tether takes third place among the top 10 most popular cryptocurrencies in 2022. It is also the largest stable coin by market capitalization. Its tokens are issued by the Hong Kong company Tether Limited on the Ethereum and Bitcoin blockchains.

4. U.S. Dollar Coin (USDC)

Like Tether, USDC is a stable cryptocurrency that is tied to the U.S dollar and one of the most popular cryptocurrencies in the world in 2022, with a market cap of $54 Billion. The coin was created by a global financial firm called Circle and is often described as “the world’s digital dollar.”

USDC is much more stable than other cryptocurrencies. That stability lends itself more toward digital payments, while other cryptocurrencies have more potential to increase or decrease in value as investments.

5. Binance (BNB)

With a market cap of $49 Billion, Binance is one of the most popular cryptocurrencies in the world in 2022. It was created by the popular crypto exchange Binance and is the native token on both the Binance Chain and Binance Smart Chain.

Although it was initially created to serve as an alternative way to pay for trading fees on the Binance platform, It has however grown to be one of the biggest tokens in the crypto space. The coin is now used beyond the Binance ecosystem and Blockchain. For example, it can be used to pay for goods, property, and online services via platforms such as TravelbyBits and Gifto.

6. XRP (XRP)

XRP is the cryptocurrency of the Ripple network and one of the most popular cryptocurrencies in the world, with a marketcap of $19 Billion  in 2022. The  token  was created by  the founders of  Ripple, a digital technology and payment processing company.

Although the coin is presently in a state of destitution, due to certain trouble with the US Securities and Exchange Commission, it is  however speculated to be a potential  as it can be used on the Ripple network to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies.

7. Cardano (ADA)

Charles Hoskinson, one of the initial founding members of Ethereum, after having some disagreements on the direction of the team, left the project, and help create Cardano, an open-source blockchain network with excellent prospects.

The project was designed with a research-based approach by engineers, mathematicians, and cryptography experts. It is believed to have more capability than Ethereum after beating it to the PoS consensus model.

With a marketcap of $18 Billion, Cardano has grown to be one of the most popular cryptocurrencies in the world in 2022.  The project  aims to be the world’s financial operating system by establishing DeFi products similar to Ethereum’s, as well as providing solutions for chain interoperability, voter fraud, and legal contract tracing, among other things.

8. Binance USD (BUSD)

Binance USD (BUSD) is a stablecoin that Paxos and Binance founded to create a cryptocurrency backed by the U.S. dollar. To maintain this value, Paxos holds an amount of U.S. dollars equal to the total supply of BUSD.

As with other stablecoins, BUSD gives traders and crypto users the ability to engage in transactions with other crypto assets while minimizing the risk of volatility.

Binance USD takes the eighth place among the top 10 most popular cryptocurrencies in the world in 2022, With a market cap of $18 Billion

9. Solana (SOL)

Solana (SOL) was developed in 2020 to help power decentralized finance (DeFi), decentralized apps (DApps) and smart contracts. It is has however grown to be one of the most popular cryptocurrency in the World in 2022, with a market capitalization of $14 Billion

Solana (SOL) is generally considered a rival to Ethereum even though it significantly outperforms it across many metrics.  For example, Solana can handle over 65,000 transactions per second while Ethereum can handle 16. Ethereum is also extremely expensive compared to Solana. and the transactions fees on the SOL network are almost free.

10. Dogecoin (DOGE)

Dogecoin is one of the most adopted meme coin  and one of the most cryptocurrencies in the world in 2022. It began to attain prominence last year after Elon Musk, the richest man in the world, tweeted about the meme coin multiple times in a positive way that helped it achieve huge pricing returns and massive adoption.

Although Dogecoin (DOGE) is as presently it is undervalued, analysts believe that DOGE has a further upside potential to offer investors.

Summary

Here is a recap of the 10 most popular cryptocurrencies in the world in 2022.

1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Tether (USDT)
4. U.S. Dollar Coin (USDC)
5. Binance (BNB)
6. XRP (XRP)
7. Cardano (ADA)
8. Binance USD (BUSD)
9. Solana (SOL)
10. Dogecoin (DOGE)