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Bitcoin, the first cryptocurrency ever created, made its debut more than a decade ago. Since then, dozens of other cryptocurrencies have been created, all of which are direct competitors of Bitcoin.

If you are not aware of the world of cryptocurrencies, the following list will provide an overview of the top 10 biggest cryptocurrencies based on their market capitalization. This statistic, which is sometimes abbreviated as market cap,’ indicates the entire worth of all coins that are currently in circulation.

The ticker symbol is a way of identifying a cryptocurrency for the sake of trading, and the abbreviation that follows each coin, such as BTC, refers to that symbol.
1. Bitcoin (BTC)
Bitcoin, the first cryptocurrency ever created, was initially proposed in 2008 by an unknown person or group of persons under the pseudonym Satoshi Nakamoto. The development of this was a pivotal moment in the history of cryptography.

Bitcoin, like the majority of other cryptocurrencies, is powered by a blockchain, which is a piece of software that functions as a digital ledger and tracks transactions. This ledger is spread throughout a network that consists of thousands of computers.

Bitcoin has protected against dishonest users thanks to the ‘proof of work protocol, which requires each new block of data to be validated by the solution of a cryptographic problem before it can be added to the public ledger.

Although Bitcoin has become a household brand, its price has been quite volatile over the last several years. At the time this article was written, the value of a coin was around $35,000, having reached an all-time high of little more than $51,000 in November of the previous year. During the year 2016, a single Bitcoin may be purchased for close to $450.

2. Ethereum (ETH)

Ethereum is a decentralized application platform (app) and a cryptocurrency that has gained a lot of traction among developers of computer programs due to its versatility of the platform.

These include non-fungible tokens, also known as NFTs, as well as so-called “smart contracts,” which are agreements that automatically carry out their terms when certain criteria are satisfied. NFTs, also known as non-fungible tokens, are a kind of digital asset that may be used to represent physical items, such as one-of-a-kind pieces of art.

Ethereum is another cryptocurrency that has seen phenomenal development over the last several years. For instance, between April 2016 and the present, its price has increased from $9 to somewhere around the level of $1800.

3. Tether (USDT)

A tether is a form of stable coin,’ in contrast to some of its competitors in the cryptocurrency market.

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