10 Greatest Cryptocurrencies Of October 2022 - Forbes Advisor

From Bitcoin and Ethereum to Dogecoin and Tether, there are hundreds of different cryptocurrencies, making it overwhelming when you’re first getting started on the planet of crypto. To help you get your bearings, these are the top 10 cryptocurrencies primarily based on their market capitalization or the entire worth of all the coins presently in circulation.

What Are Cryptocurrencies?

A cryptocurrency is a digital asset that may circulate without the centralized authority of a bank or government. Thus far, there are more than 20,000 cryptocurrency tasks out there that characterize your complete $952 billion crypto market.

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1. Bitcoin (BTC)

Market cap: $377 billion


Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed throughout a network of 1000's of computers. Because additions to the distributed ledgers must be verified by fixing a cryptographic puzzle, a process known as proof of work, Bitcoin is saved secure and safe from fraudsters.


Bitcoin’s value has skyrocketed as it’s develop into a family identify. In May 2016, you could buy one Bitcoin for about $500. As of Sept. 30, 2022, a single Bitcoin’s worth was round $19,531. That’s a progress of more than 3,800%.

Associated: How To buy Bitcoin

2. Ethereum (ETH)

Market cap: $165 billion

Each a cryptocurrency and a blockchain platform, Ethereum is a favorite of program builders due to its potential purposes, like so-known as good contracts that routinely execute when conditions are met and non-fungible tokens (NFTs).


Ethereum has also experienced great growth. From April 2016 to the tip of September 2022, its price went from about $11 to round $1,388, growing round 12,518%.

Associated: How To buy Ethereum

3. Tether (USDT)

Market cap: $67 billion

Not like another types of cryptocurrency, Tether (USDT) is a stablecoin, that means it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically retains a worth equal to one of those denominations. In theory, this implies Tether’s worth is purported to be more constant than different cryptocurrencies, and it’s favored by buyers who are cautious of the extreme volatility of other coins.

4. U.S. Dollar Coin (USDC)

Market cap: $Forty seven billion


Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by U.S. dollars and goals for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you need to use USD Coin to complete global transactions.

5. Binance Coin (BNB)

Market cap: $46 billion


Binance Coin (BNB) is a type of cryptocurrency that you need to use to trade and pay fees on Binance, one in all the biggest crypto exchanges on the planet. Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s alternate platform. Now, it can be utilized for buying and selling, payment processing or even booking journey arrangements. It may also be traded or exchanged for other types of cryptocurrency, comparable to Ethereum or Bitcoin.


BNB’s value in 2017 was just $0.10. By late September 2022, its value had risen to around $283, a achieve of roughly 282,900%.

Associated: How To purchase Cryptocurrency

6. XRP (XRP)

Market cap: $24 billion

Created by some of the identical founders as Ripple, a digital know-how and cost processing company, XRP can be utilized on that network to facilitate exchanges of different foreign money sorts, together with fiat currencies and other main cryptocurrencies.


Originally of 2017, the worth of XRP was $0.006. As of Sept. 30, 2022, its value reached $0.48, equal to a rise of 7,900%.

7. Binance USD (BUSD)

Market cap: $21 billion


Binance USD (BUSD) is a stablecoin that Paxos and Binance based to create a cryptocurrency backed by the U.S. dollar. To maintain this value, Paxos holds an amount of U.S. dollars equal to the full supply of BUSD. As with different stablecoins, BUSD gives traders and crypto customers the power to have interaction in transactions with different crypto assets while minimizing the danger of volatility.

8. Cardano (ADA)

Market cap: $14 billion


Considerably later to the crypto scene, Cardano (ADA) is notable for its early embrace of proof-of-stake validation. This technique expedites transaction time and decreases power utilization and environmental influence by removing the competitive, downside-fixing facet of transaction verification in platforms like Bitcoin. Cardano also works like Ethereum to enable sensible contracts and decentralized applications, which ADA, its native coin, powers.


Cardano’s ADA token has had comparatively modest progress compared to other major crypto coins. In 2017, ADA’s value was $0.02. As of Sept. 30, 2022, its value was at $0.44. This is an increase of 2,100%.

9. Solana (SOL)

Market cap: $12 billion


Developed to assist power decentralized finance (DeFi) uses, decentralized apps (DApps) and good contracts, Solana runs on a novel hybrid proof-of-stake and proof-of-historical past mechanisms to process transactions quickly and securely. SOL, Solana’s native token, powers the platform.


When it launched in 2020, SOL’s worth started at $0.77. By late September 2022, its worth was around $33.72, a acquire of nearly 4,279%.

10. Dogecoin (DOGE)

Market cap: $8 billion


Dogecoin was famously started as a joke in 2013 but quickly developed into a prominent cryptocurrency thanks to a devoted community and inventive memes. In contrast to many different cryptos, there isn't a restrict on the number of Dogecoins that may be created, which leaves the forex inclined to devaluation as provide increases.

Dogecoin’s value in 2017 was $0.0002. By Sept.