10 Greatest Cryptocurrencies Of October 2022 - Forbes Advisor

From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of various cryptocurrencies, making it overwhelming when you’re first getting started on the planet of crypto. To help you get your bearings, these are the highest 10 cryptocurrencies based mostly on their market capitalization or the total worth of all the coins at present in circulation.

What Are Cryptocurrencies?

A cryptocurrency is a digital asset that can circulate without the centralized authority of a bank or government. Thus far, there are more than 20,000 cryptocurrency initiatives out there that signify the entire $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 unique cryptocurrency. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of hundreds of computers. Because additions to the distributed ledgers must be verified by fixing a cryptographic puzzle, a course of known as proof of labor, Bitcoin is saved secure and safe from fraudsters.


Bitcoin’s price has skyrocketed as it’s turn out to be a household identify. In May 2016, you may purchase one Bitcoin for about $500. As of Sept. 30, 2022, a single Bitcoin’s value was around $19,531. That’s a progress of more than 3,800%.

Related: How To buy Bitcoin

2. Ethereum (ETH)

Market cap: $165 billion

Each a cryptocurrency and a blockchain platform, Ethereum is a favourite of program developers because of its potential applications, like so-known as good contracts that mechanically execute when circumstances are met and non-fungible tokens (NFTs).


Ethereum has additionally skilled great progress. From April 2016 to the top of September 2022, its worth went from about $eleven to round $1,388, rising around 12,518%.

Related: How To purchase Ethereum

3. Tether (USDT)

Market cap: $67 billion

Unlike some other types of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically retains a price equal to a type of denominations. In theory, this means Tether’s value is presupposed to be more constant than different cryptocurrencies, and it’s favored by buyers who're wary of the excessive volatility of other coins.

4. U.S. Dollar Coin (USDC)

Market cap: $Forty seven billion


Like Tether, USD Coin (USDC) is a stablecoin, which means it’s backed by U.S. dollars and goals for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you should use USD Coin to finish world transactions.

5. Binance Coin (BNB)

Market cap: $46 billion


Binance Coin (BNB) is a type of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world. Since its launch in 2017, Binance Coin has expanded previous merely facilitating trades on Binance’s alternate platform. Now, it can be used for trading, fee processing and even booking travel preparations. It will also be traded or exchanged for different forms of cryptocurrency, equivalent to Ethereum or Bitcoin.


BNB’s price in 2017 was simply $0.10. By late September 2022, its worth had risen to round $283, a achieve of roughly 282,900%.

Associated: How To buy Cryptocurrency

6. XRP (XRP)

Market cap: $24 billion

Created by a few of the identical founders as Ripple, a digital expertise and cost processing company, XRP can be used on that community to facilitate exchanges of different foreign money sorts, including fiat currencies and other major cryptocurrencies.


At the start of 2017, the price 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. greenback. To maintain this worth, Paxos holds an amount of U.S. dollars equal to the overall supply of BUSD. As with different stablecoins, BUSD gives traders and crypto users the flexibility to interact in transactions with other crypto assets whereas 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 method expedites transaction time and decreases power usage and environmental impression by eradicating the competitive, downside-fixing side of transaction verification in platforms like Bitcoin. Cardano also works like Ethereum to enable sensible contracts and decentralized functions, which ADA, its native coin, powers.


Cardano’s ADA token has had comparatively modest growth compared to different main crypto coins. In 2017, ADA’s price was $0.02. As of Sept. 30, 2022, its value was at $0.44. That is an increase of 2,100%.

9. Solana (SOL)

Market cap: $12 billion


Developed to assist energy decentralized finance (DeFi) makes use of, decentralized apps (DApps) and good contracts, Solana runs on a singular hybrid proof-of-stake and proof-of-historical past mechanisms to course of transactions rapidly and securely. SOL, Solana’s native token, powers the platform.


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

10. Dogecoin (DOGE)

Market cap: $8 billion


Dogecoin was famously began as a joke in 2013 but quickly evolved into a distinguished cryptocurrency due to a dedicated group and creative memes. Unlike many different cryptos, there isn't any restrict on the variety of Dogecoins that may be created, which leaves the foreign money susceptible to devaluation as supply will increase.

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