What Are the Most Popular Cryptocurrencies?

Updated by Loren Oller verified symbol on July 12, 2022

With a dazzling array of around 19,000 cryptocurrencies currently in virtual circulation, it can be tricky knowing where to start if your goal is to invest or buy to use these coins. Luckily, we've compiled a list of the most popular cryptocurrencies to get you started. You'll also learn a little bit about each one, including how they got started, each one's current market value and the various types of cryptocurrencies that exist.

Find the best cryptocurrencies according to our experts

Top 10 Cryptocurrencies

A huge number of cryptocurrencies are in circulation these days, but only a handful of them have any meaningful activity and value. Since the activity and value of most cryptocurrencies is notoriously volatile, it's more appropriate to use a combination of factors when determining the popularity of these coins. This list of the top 10 cryptocurrencies is based on market value at the time of writing (ie. active coins x USD value per coin):

  • Bitcoin: $557 billion
  • Ether: $233 billion
  • Tether: $76 billion
  • USD Coin: $45 billion
  • XRP: $40 billion
  • Solana: $25 billion
  • Cardano: $17 billion
  • Stellar: $13 billion
  • Avalanche: $11 billion
  • Dogecoin: $11 billion

Bear in mind that the value of crypto coins can shift dramatically in a short space of time, so these values are subject to change. Having said that, they're a good indication of the popularity of the various coins currently vying for position.

Let's take a look at each one in a bit more detail.

Bitcoin (BTC)

Bitcoin is the most well-known cryptocurrency of the lot, mostly due to the fact that it was the What is Bitcoin? Detailed Cryptocurrency Guide 2022 but also because it is still going strong after so many years. Launched in 2009 by the person/entity known as Satoshi Nakamoto, Bitcoin uses the symbol ₿ and operates on its own blockchain.

Like most of the popular cryptocurrencies, Bitcoin is a decentralised, open source cryptocurrency, which means it is not issued or controlled by a single entity, rather driven and verified by a peer-to-peer network. The 21 million coin total supply is still in the process of being mined, with about 19 million coins currently in circulation. 1 BTC is currently worth around $29,300.

Ether (ETH)

Vitalik Buterin created Ether along with its blockchain Ethereum back in 2013, with the project crowd-funded to fruition and launch in 2015. Ether (Ξ) shows many similarities to Bitcoin, with both operating on blockchain technology, but while Bitcoin uses proof-of-work for transaction verification, Ether will switch to proof-of-stake on completion of the current upgrade to Ethereum 2.0, resulting in faster transaction times (though at the potential cost of a reduced rate of issue).

Also contrasting with BTC's setup, Ether's supply isn't limited, with some 120 million coins currently in circulation. This may partly explain Ether's much smaller value compared to BTC, with 1 ETH worth $1,970.

Tether (USDT)

Tether is a slightly different cryptocurrency that was launched initially in 2014 as Realcoin by Craig Sellars, Brock Pierce and Reeve Collins. The idea was to create a cryptocurrency that wasn't subject to the wild fluctuations of other coins on the market by tying its value to that of a more stable currency, in this case, the US dollar. Referred to for this reason as a stablecoin, 1 ₮ is always valued at 1 USD.

However, Tether doesn't come without its controversies. Many question the nature of the setup, given that a single entity, Tether Limited, is responsible for the issue of the coins, which means it is not decentralised like many other cryptocurrencies. On top of that are the legal problems resulting from the claim that only 2.9% of the Tether coins in circulation are actually backed up by USD. A lot of people, use Tether to gamble too. 

USD Coin (USDC)

Another stablecoin, USD Coin was created and launched in 2018 by a consortium called Centre, which is owned and operated by a private entity called Circle. Like Tether, the coin has been designed to maintain a value of $1 per 1 USDC, with the value of the circulating supply backed by 'fully reserved assets'.

The issuing entity, Circle, enjoyed investment from financial giants such as Goldman Sachs and Baidu, with major credit and debit card company Visa announcing in early 2021 that it would accept the coin for transaction settlement on its network. This kind of large entity backup has resulted in USDC garnering the reputation of being more stable and secure than Tether.

XRP (XRP)

Launched in 2012 by a company called Ripple Labs Inc., XRP coins are another type of cryptocurrency that offer faster transaction times but retain the familiar security of centralisation. The platform on which XRP operates, Ripple, is less a blockchain and more a network of nodes consisting of banks and financial institutions that accept and support transactions in fiat currencies and other forms of value such as frequent flyer miles.

In contrast to other cryptocurrencies, XRP coins can only be bought, not mined. There is a large limited supply of 100 billion coins, which may partly explain its relatively low value of 1 XRP to $0.40. There is also a bunch of Ripple online casinos out there.

Solana (SOL)

The concept of Solana was first posed by Anatoly Yakovenko back in 2017, who described a new form of transaction verification called proof-of-history, as opposed to the existing proof-of-stake and proof-of-work methods currently in use. The Solana blockchain was created in 2020, with claims shortly after touting the new technology as a potential rival for Ethereum.

Boasting faster transaction times and lower fees, Solana operates a cryptocurrency called Sol, which uses the symbol ◎, with a circulating supply of around 335 million coins. 1 Sol is roughly equal to $50.

Cardano (ADA)

Currently the largest proof-of-stake based platform, Cardano was conceptualised back in 2015 by Ethereum co-founder Charles Hoskinson, who was keen to open up the ETH blockchain for private profit while Vitalik Buterin wanted it to maintain its nonprofit status. The Cardano blockchain, named after mathematician Gerolamo Cardano, and its coin Ada, named after mathematician Ada Lovelace, came online in 2017.

As the namesakes suggest, Cardano was developed with a more scientific approach in order to succeed Bitcoin and Ether/Ethereum in several key ways: security, scalability, speed and flexibility. Transactions are faster, more secure and have a greatly reduced environmental impact compared to BTC especially. 1 Ada is currently worth $0.50.

Stellar (XLM)

Stellar is a decentralised open-source payments network that supports the exchange and transfer of both digital and fiat currencies. Launched in 2014 by Ripple co-founder Jed McCaleb, Stellar accepts many types of currencies and works in practice most commonly as a cross-border exchange platform. The cryptocurrency is referred to as Lumens, using the symbol *, with a supply limit of 50 billion coins. 1 Lumen is currently worth around $0.13.

Avalanche (AVAX)

Avalanche was originally developed in 2018 by a group called Team Rocket to solve the problem of undefined crashes by a network of machines. The Technology was picked up and further developed by computer science professor Emin Gün Sirer and his doctoral student assistants Kevin Sekniqi and Maofan “Ted” Yin at Cornell University, with the release of the blockchain Avalanche and its cryptocurrency Avax in 2020.

One of the major benefits of the Avalanche platform is it is far more energy efficient than others, which is becoming an ever more relevant issue. There are currently around 400 million Avax in circulation, with 1 Avax roughly equal to $28.

Dogecoin (DOGE)

Though originally created as a comedic response to Bitcoin, Dogecoin still earns its place in the top 10 based on market value and is a popular choice due to its much faster transaction times compared to that of Bitcoin: 1 minute for DOGE compared to 10 minutes for BTC.

The coin was created by Jackson Palmer and Billy Markus in 2013 in response to Bitcoin's claim that BTC would take over the world. As part of the satire, the coin itself was designed to feature the Shiba Inu dog from the popular meme. Dogecoin uses the symbol Ð and is the well-known favourite coin of Tesla founder Elon Musk. 1 DOGE is currently worth about $0.08. A lot of beliebers think DOGE will be the next Bitcoin

Let's discuss the different types of cryptos

Types of Cryptocurrencies

Cryptocurrencies become popular for a variety of reasons, from being the virtually minted equivalent of popular memes to operating as a decentralised form of finance that could potentially solve today's problems of economic inequality. As a result, crypto coins can be broadly categorised into several groups based on their usage and appeal.

Decentralised Finance

Perhaps the biggest pull of cryptocurrencies is as a form of decentralised finance. In contrast to today's fiat currencies, which are issued and controlled by banks, cryptocurrencies are decentralised in nature, which means no one entity has control over them, making them less susceptible to corruption.

The ultimate goal of cryptocurrencies operating as part of a decentralised finance system is to cover all the needs that you currently use a bank for, such as loans, insurance and credit cards. DeFi, as it is abbreviated, is suggested by some to be the finance system of the future, in a similar way to how today's smart technology has gradually become part of our everyday lives.

Two countries, namely, El Salvador and the Central African Republic, have already recognised the potential stability that these cryptocurrencies offer, as indicated by the official recognition of Bitcoin as legal tender in these parts of the world.

Digital Gold

People also see cryptocurrencies as a form of investment similar to gold and other precious metals. This concept works best with more established coins with a limited supply such as Bitcoin and Litecoin, whose value is expected to (hopefully) increase over time. Although Bitcoin is classed as the digital gold standard, it wasn't originally intended to be used for the purposes of investing, but as a digital currency. Unfortunately, BTC's volatility means it isn't suitable for such use at the moment.

Digital Cash

The idea of digital cash is for it to be used online to buy products or services as an alternative to fiat currencies. This was the initial concept behind the creation of Bitcoin, but due to the coin's volatility, this didn't come to fruition. Once its shortcomings became apparent, it came down to a popularity contest in terms of Bitcoin's future, with its current gold-like investment potential becoming its dominant value. Meanwhile, those who wanted BTC to be a digital currency created a fork coin in Bitcoin Cash, which serves as an online version of cash. Another example of digital cash is XRP.

Stablecoin

Stablecoins like Tether and USDC attract those interested in cryptocurrencies but who want to avoid the pitfalls of the high volatility coins. These coins are pegged to an existing fiat currency such as the US dollar, which stabilises the value and offers a cash-like form of money that is always worth the same. Many use these stablecoins as a way of minimising or avoiding losses in other crypto stocks.

Meme Coins

Riding the wave of trends in social media, meme coins and other satirical forms of cryptocurrency usually offer little more than entertainment value, though that's not always the case. Popular meme crypto Dogecoin, which features the Shiba Inu dog, is in our top 10 list above due to its market value of $11 billion. Elon Musk is famous for his support of the coin, which itself bolsters the crypto's value. Other character-based coins include Shiba Inu (the Dogecoin killer), Putincoin and Whoppercoin (by Burger King).

Final words on the most popular cryptos

Final Words

Popularity can be a mysterious thing, with unpredictable influences having an equally unpredictable impact on the value of seemingly valueless objects and concepts. This is the case with some cryptocurrencies, particularly those whose beginnings lie in the depths of social media memes

However, there are a wide range of cryptos whose traits offer legitimate advantages as a part of a potential future financial system and whose value is already reflected in their market share. Though cryptocurrencies are still in their infancy compared to the longevity of fiat currencies, coins with a mix of popularity and increasing usage show a lot of promise for the future.

FAQs

Want to know more about the most popular cryptocurrencies? Read our FAQs.

Which cryptocurrency is the best?

The most popular cryptocurrency right now is Bitcoin, with a market value of $557 billion. However, that doesn't mean it's the best crypto coin for you. That will depend on what you want from a cryptocurrency. Check out our article on why cryptocurrency is valuable.

Will Bitcoin ever become real money?

That's a difficult question to answer as no-one really knows what will happen in the future. Out of all cryptocurrencies, Bitcoin is the most valuable, but it has also been recognised that its current volatility makes it unsuitable as a form of cash.

Can you gamble with cryptocurrencies?

Yes! A growing number of existing and new online casinos accept cryptocurrencies as a form of payment, with some even allowing you to play games using your favourite coins too. For a good place to start, check out our article on the Most Popular Bitcoin Casinos for 2022.

Latest News View all

Global Poker: Fall Carnivall

September 26, 2022

Global Poker never ceases to amaze us! This time they are welcoming autumn in no other better way than with their first-ever Fall Carnival event that will go on from September 26th to October 2nd! Bear with us with this short article where we will explain anything you need to know about this fun event!

Read more

Global Poker: Micro Thunder Series V

September 09, 2022

Once again one of the top US and Canadian social poker casinos, Global Poker, will be hosting the legendary Micro Thunder Series for the fifth time! From September 11th to 18th you will be able to witness the madness where over 22,260,000 in Gold Coins and over 74,200 in Sweeps Coins are guaranteed in total prizes. Find out how you can participate with a small purchase and potentially win tremendous amounts.

Read more

Most Popular

100 Best Payout Online Slots

November 23, 2021

It is common for a gamer to want to know about the best slots to play. And this includes the ones that are the best for payouts. Of course, there are various developers operating today, creating entertaining, high-quality slot games with amazing payouts included. Therefore, we have put together a selection of the best payout online slots for you to experience and separated them into their respective developer sections.

Read more

Biggest Gambling Cities Across the Globe

August 13, 2021

Gambling is not something that is restricted to one specific area of the world. In fact, it is present in more countries than you may know, be that in an official way or a bit more of an underground format. Whatever the case may be, gambling has become an appealing pastime for many people all over the globe. So much so that various cities around the world have risen to obtain the status of being the biggest gambling locations today.

Read more

Euro 2020 Final Odds Italy vs England - Who Will Win It?

July 09, 2021

Italy and England will face each other on Sunday at Wembley in what has been an existing European Championship tournament. Hosted a year later due to the pandemic, the Euro 2020 will come to an end on Sunday at 3 pm, with the final taking place at Wembley. Is it coming home? Or is it coming to Rome? Let’s see what the bookmakers say.

Read more

How Do No-Risk Bonuses Work?

June 09, 2021

Let’s face it, most of us love a bonus. These are the joyous treats that keep us ticking and give us that little bit extra. Making us feel welcome at our favourite online casinos, or rewarding us for our loyalty. They come in all different shapes and sizes these days, as sites compete for our business.

Read more

Biggest Online Jackpot Wins of Last Year

March 26, 2021

It is always a momentous occasion when someone wins an online jackpot from a casino. And while many of us believe that they do not come around so frequently, several big winners were recorded in 2020. So, keep playing and you never know, you could be the very next person to claim a jackpot payout. Let’s have a look at the biggest online jackpot wins of 2020.

Read more

Bankroll Warriors Gets New Host for 2021

February 09, 2021 CasinoTopsOnline is re-launching its exciting slots and casino Twitch stream Bankroll Warriors with a brand new host for 2021. At different times in his life, Dreezy has been a professional poker player, gambler, esports bar owner, trucking business owner and Twitch streamer. Read more

£100 Deposit Bonus UK

February 07, 2021

UK online casinos that offer a £100 deposit bonus are quite common, especially as we see an increase in the number of online casinos, which results in greater competition between them - and better offers for players!

Read more

Bankroll Warriors is Back With HUGE NEWS

February 03, 2021

Bankroll Warriors is our hit casino podcast, offering you a look into the world of the best slot games online at the top casinos around. So get right for lights, camera, and spin! Whether you’re after discovering the best bonuses or just after some suggestions for a new game, our new all-star streamer team has got what you need.

Read more

5 Favourite Slots by European Players

December 01, 2020

Europe is a hotbed for casino gaming activity, and there’s little wonder. With locations like Monte Carlo, London and Malta all playing host to exciting casino escapades, it has quite the popular appeal for players. It is also due to this that many online casino slots have become popular in their own right with players from the continent. So, which ones can be considered the five favourites of European casino players? We’ve got a look at each of these and their inbuilt features below.

Read more

New Series of Podcasts by Our Very Own Bankroll Warriors!

November 12, 2020 Bankroll Warriors, better known as Jon Pardy and Drew Gonzalez, have teamed up with CasinoTopsOnline to provide viewers with a series of exciting, livestreamed games at the best online casinos. A combination of casinos hand-picked by experts and the professional play brought to you by the Warriors themselves will take casino livestreaming to a whole new level. Read more
Loren Oller
Loren Oller verified symbol Author
224 Articles gmail linkedin
I consider myself to be an avid guitar player, sports enthusiast, and a big fan of blackjack and social casinos. My task is pretty easy to resume.. make sure you are well informed on all US casinos that might interest you. I've been writing reviews based on my experiences for a while and I'm happy to say that my work will truly help you even if it's just by telling you the legal gambling laws of a state or the top games that are trending right now!
More about this author

Reviewed by Julia Attard, Senior Author