Who is at the top now? We analyze the TOP-10 CoinMarketCap.

Briefly about the largest cryptocurrencies by capitalization at the moment:

1) Bitcoin (BTC) is the first cryptocurrency described in 2008. Used as a digital analoggold or as a decentralized payment system. There is not a single cryptocurrency in the world that is so widespread and well-known.

2) Ethereum (ETH) is a blockchain platform for creating decentralized applications based on smart contracts. In 2022, it is planned to switch from proof-of-work (PoW) to proof-of-stake (PoS).

3) Tether (USDT) is a stable digital asset (“Stablecoin”), the rate of which is pegged to the US dollar and does not experience strong fluctuations, like the rates of other cryptocurrencies. Issued by Tether Limited and Bitfinex. It is backed not only by dollars, but also by various assets and derivatives.

4) Binance Coin (BNB) is the native cryptocurrency of the Binance exchange, which is used in the crypto exchange ecosystem and as fuel for two blockchains: Binance Chain and Binance Smart Chain (BSC). BSC is currently the largest analogue of Ethereum with a similar application ecosystem

5) USD Coin (USDC) is another stablecoin. Unlike Tether, USDC is issued by regulated financial institutions. It is more transparent than USDT - each token is backed by $1 held in reserve in the form of cash and short-term US Treasuries.

6) Cardano (ADA) is another analogue of Ethereum, developed in accordance with the principles of collective scientific philosophy. This year they finally added smart contracts and launched a decentralized exchange.

7) XRP (or Ripple) is a decentralized platform for payment systems. They want to provide banks and payment systems with a convenient way to send and receive money around the world. Due to the development of DeFi and the lawsuit from the SEC, the prospects of the project are in doubt.

8) Solana (SOL) is an analogue of Ethereum, which has the cheapest and fastest transactions among all the largest platforms for smart contracts. Unlike Cardano, the project already has a developed DeFi ecosystem.

9) Terra (LUNA) is a blockchain that allows users to create stablecoins pegged to fiat currencies. The platform also has synthetic assets pegged to US stocks, NFTs and DeFi. Today we buy this cryptocurrency in an experimental portfolio.

10) Dogecoin (DOGE) is a meme-cryptocurrency that is technically similar to Bitcoin, but with cheaper transactions.