Top 10 Cryptocurrencies Update 14th May 2021 

Its May 2021 and the world of cryptocurrency is more popular than ever, because of this we thought it would be useful to update you on the top 10 cryptocurrencies ranked by market capitalisation

1. Bitcoin (BTC) – $941,787,643,753 Market Cap 

Bitcoin is the grandfather of crypto, having been the first ever cryptocurrency invented back in October 31st 2008. The true identity of Bitcoin’s founder, Satoshi Nakamoto is still shrouded in mystery. 

Bitcoin is used as both a decentralised digital currency and a store of wealth. As the total supply of Bitcoin is limited to 21,000,000 it is incredibly scare, unlike traditional fiat currencies like the US Dollar. 

Find out more information with our Bitcoin Guide  

2. Ethereum  (ETH) – $459,858,039,637 Market Cap 

Ethereum is both a digital currency and the main platform used for building decentralised applications (Dapps). Projects built on the Ethereum platform are known as ERC-20 tokens. Ethereum has been so successful that over 200,000 projects have been built on the Ethereum network. 

Read more at our EthereumGuide  

3. Binance Coin (BNB) – $92,360,818,052 Market Cap 

Binance Coin (BNB) is the official token of the Binance cryptocurrency exchange. It is used to power the Binance Smart Chain. It can be used for payments, travel bookings, entertainment and finance. 

Read more using our Binance Coin Guide

4. Dogecoin (DOGE) – $70,311,053,120 Market Cap 

Dogecoin has received a lot of attention since the start of 2021 as the most popular shina ibu based meme coin. Elon Musk and other celebrities have successfully managed to pump Doge’s individual coin price from a mere $0.0045 per DOGE in January to an $0.72 all-time high this year! 

Read more in our full Dogecoin Guide 

5. Cardano (ADA) – $59,483,805,424 Market Cap 

Much like Ethereum & Polkadot, Cardano is a decentralised cryptocurrency and smart contract platform, the native currency of Cardano is ADA. ADA as a currency is used to facilitate transactions on the Cardano blockchain. 

5. Tether (USDT) – $57,752,749,001 Market Cap 

Tether is the original and most used stablecoin, in an average 24 hours over $183 billion is transacted in Tether. The most popular form of Tether is USDT, this is where it is pegged to the US Dollar. Traders often use Tether to enter and exit their trading position so that they are not exposed to more volatile cryptocurrencies in between trades. 

Read more about Tether with our Tether Guide 

7. XRP – $48,916,652,758 Market Cap 

XRP is the cryptocurrency designed and used by Ripple Labs. XRP is one of the fastest cryptocurrencies in terms of transaction times, the network can handle up to 1500 transactions per second and each transaction normally takes between 3-5 seconds. XRP is used to transfer money across the Ripple network and also as a bridge between other currencies. 

8. Internet Computer (ICP)- $38,973,589,500 Market Cap  

Internet Computer (ICP) is a brand-new entry in to the top 10, as it was only listed this week on Monday 10th May. ICP was created by the Swiss based Dfinity foundation, the foundation aims to completely decentralise the internet by allowing developers to create software and content without the need for central providers such as Amazon Web Services (AWS). 

Lucky early enthusiasts of Internet Computer received 119 ICP free of charge as an airdrop. That 119 ICP was worth almost $70,000 earlier this week! 

9. Polkadot (DOT) – $38,240,377,114 Market Cap 

Polkadot’s main goal is to allow all blockchains to operate together in a network, much like the way that the current internet operates. This system is known as cross chain interoperability. 

Like Ethereum, Polkadot is a network that allows users to create their own blockchains. 

For more information head over to our Polkadot Guide 

10. Bitcoin Cash (BCH) – $24,254,348,792 Market Cap 

Bitcoin Cash was created as a Bitcoin hard fork in 2017. It is focused on being the premier peer-to-peer electronic cash system. It is designed for both customers and merchants in mind with high speed, ultra-low cost transactions. 

To read about this crypto in more detail, head over to our Bitcoin Cash Guide 

The new entry by Internet Computer (ICP), has knocked one of the OG crypto’s out of the Top 10 – Litecoin. To learn more about Litecoin have a look at our guide here. 

What cryptocurrencies do you think are most likely to get in to the hailed Top 10 spot in the coming months and years?