Check out the in-depth analysis of top cryptocurrencies on May 17, 2024
1.Bitcoin (BTC)
Price: US$66,247.86
24h Change: +0.08%
24h Volume: US$15.90B
Market Cap: US$1.31T
Category: Currency
Overview
Bitcoin, the pioneer of top cryptocurrencies, continues to dominate the market with its substantial market capitalization and trading volume. Often referred to as digital gold, Bitcoin serves as a store of value and a medium of exchange.
2.Ethereum (ETH)
Price: US$3,031.42
24h Change: +1.07%
24h Volume: US$13.31B
Market Cap: US$364.14B
Category: Smart Contract Platform
Overview
Ethereum, known for its innovative contract capabilities, is the second-largest cryptocurrency by market cap. It is the backbone of decentralized applications (dApps) and the DeFi ecosystem.
3.Tether (USDT)
Price: US$0.99993296
24h Change: -0.03%
24h Volume: US$29.15B
Market Cap: US$111.20B
Category: Stablecoin
Overview
Tether is a stablecoin pegged to the US dollar, providing a stable digital currency option in the volatile crypto market. It is widely used for trading and as a store of value.
4.BNB (Binance Coin)
Price: US$578.15
24h Change: -0.67%
24h Volume: US$960.65M
Market Cap: US$88.95B
Category: Smart Contract Platform
Overview
BNB, the native cryptocurrency of the Binance exchange and one of the top cryptocurrencies has grown beyond a mere exchange token to a multifaceted asset used in the Binance Smart Chain (BSC) for smart contracts and decentralized applications.
5.Solana (SOL)
Price: US$168.54
24h Change: +3.21%
24h Volume: US$3.16B
Market Cap: US$75.64B
Category: Smart Contract Platform
Overview
Solana is known for its high-speed and low-cost transactions, making it a popular platform for dApps, DeFi, and NFTs. It has positioned itself as a strong competitor to Ethereum.
6.USD Coin (USDC)
Price: US$0.99952259
24h Change: -0.15%
24h Volume: US$5.93B
Market Cap: US$33.29B
Category: Stablecoin
Overview
USD Coin is a fully backed stablecoin pegged to the US dollar. It is known for its transparency and regulatory compliance and is used extensively in trading, lending, and DeFi.
7.XRP (Ripple)
Price: US$0.52124934
24h Change: +0.59%
24h Volume: US$884.23M
Market Cap: US$28.82B
Category: Currency
Overview
XRP, the native cryptocurrency of the Ripple network and one of the top cryptocurrencies, is designed for fast and cost-effective cross-border payments. It focuses heavily on institutional use cases.
8.Toncoin (TON)
Price: US$6.69
24h Change: +2.04%
24h Volume: US$816.29M
Market Cap: US$23.23B
Category: Smart Contract Platform
Overview
Toncoin is a decentralized layer-1 blockchain developed by the Telegram team. It aims to provide high throughput and security for various decentralized applications.
9.Dogecoin (DOGE)
Price: US$0.15251665
24h Change: -1.40%
24h Volume: US$1.00B
Market Cap: US$22.01B
Category: Currency
Overview
Created as a joke, Dogecoin has evolved into a widely recognized cryptocurrency known for its strong community and viral marketing.
10.Cardano (ADA)
Price: US$0.48965525
24h Change: +7.53%
24h Volume: US$388.73M
Market Cap: US$17.31B
Category: Smart Contract Platform
Overview
Cardano is a third-generation blockchain platform focused on sustainability, scalability, and interoperability. It aims to provide a balanced and secure ecosystem for the development of dApps.
