Top 10 Cryptocurrency by market cap-Cry Basics

Top 10 Cryptocurrency by market cap

The top 10 cryptocurrencies by market capitalization are a list of the 10 most valuable cryptocurrencies based on the value of their outstanding coin supply. Market capitalization is calculated by multiplying the total number of coins in circulation by the current market price of each coin. 

The ranking of the top 10 cryptocurrencies by market cap is often used as a measure of the relative size and value of different cryptocurrencies, and can provide a useful overview of the state of the cryptocurrency market. The list of the top 10 cryptocurrencies by market cap is constantly changing, as the value of cryptocurrencies can fluctuate significantly over time due to a variety of factors such as adoption, media attention, and regulatory developments.

Names of the best cryptocurrency by market cap :

• Bitcoin (BTC)
• Ethereum (ETH)
• Binance Coin (BNB)
• Dogecoin (DOGE)
• XRP
• Tether (USDT)
• Cardano (ADA)
• Polkadot (DOT)
• Chainlink (LINK)
• Litecoin (LTC)

Briefly explain these Cryptocurrency by market cap

Bitcoin (BTC) 

Bitcoin is a decentralized digital currency that uses cryptography for security and is considered the first and most widely used cryptocurrency. Bitcoin was created in 2009 by a group of individuals using the pseudonym Satoshi Nakamoto.

Ethereum (ETH) 

Ethereum is an open-source platform of blockchain that enables the creation of smart contracts and decentralized applications (dApps). This crypto Ethereum that was created by Vitalik Buterin in 2015 

Binance Coin (BNB) 

Binance Coin is the native cryptocurrency of the Binance cryptocurrency exchange. It is used to facilitate transactions on the platform and can also be traded on various cryptocurrency exchanges.

Dogecoin (DOGE)

Dogecoin is a cryptocurrency that was created as a joke in 2013 based on the popular "Doge" internet meme. It has since gained a significant following and is used for online transactions and as a form of tipping content creators on social media.

XRP 

XRP is a digital asset that is native to the Ripple network, a payment settlement and exchange platform. It is often used by banks and financial institutions as a bridge currency to facilitate cross-border transactions.

Tether (USDT)

Tether is a stablecoin, a type of cryptocurrency that is pegged to the value of a traditional asset such as the US dollar. It is designed to maintain a stable value and reduce the volatility commonly associated with cryptocurrencies.

Cardano (ADA)

Cardano is a decentralized, open-source blockchain platform that is focused on providing a secure and scalable foundation for the development of dApps and smart contracts. Cardano was created by Charles Hoskinson, co-founder of Ethereum in 2017.

Polkadot (DOT)

Polkadot is a decentralized, open-source blockchain platform that is designed to enable the creation of scalable, interoperable dApps and smart contracts. It was created in 2016 by Gavin Wood, co-founder of Ethereum.

Chainlink (LINK)

Chainlink is a decentralized oracle network that enables smart contracts to securely access off-chain data feeds, web APIs, and traditional bank payments. It was created in 2014 by Sergey Nazarov.

Litecoin (LTC)

Litecoin is a decentralized, open-source cryptocurrency that was created as a fork of Bitcoin in 2011. It is designed to be faster and more lightweight than Bitcoin, with a focus on facilitating small transactions and merchant adoption.

Note: 

Cryptocurrency market capitalizations can fluctuate significantly over time and the rankings of the top cryptocurrencies can change frequently. It's always a good idea to do your own research and due diligence before making any investment decisions.