As of August 2022, the crypto market shows a huge drop. It happened due to several factors, including the economic crisis and Binance’s temporal blocking of BTC withdrawals. First dropped Bitcoin, then other crypto assets followed this downtrend. However, the crypto market always lives through such ups and downs, and every time bullish trend replaces a bearish market period.
Despite the overall market drop, new crypto projects and new cryptocurrencies are launched. They are connected with the GameFi industry, NFTs, metaverses, marketplaces, etc.
Examples of such up-and-coming projects:
- Cartesi (CTSI)
- MOBOX (MBOX)
- Green Satoshi Token (GST)
Also, we can add to this list a new cryptocurrency Lucky Block (LBLOCK) and Voyager Token (VGX). These crypto assets have all the chances to become popular and receive wide adoption in the future.
Now let’s switch to the list of cryptocurrencies by market capitalization.
Big Cryptos By Market Cap
To learn more about the leading and other crypto asset prices, trade volume, and market capitalization, you can check out live crypto prices on the Coinmarketcap resource or any credible crypto platform like Binance, WhiteBIT, etc.
What is market cap? It is an indicator that shows the cryptocurrency market value, popularity, and dominance.
We came up with the list of the biggest crypto assets in terms of the market cap.
As of August 5, 2022, the BTC rate is $23,13. The market capitalization is $442,4 billion. Bitcoin is the leading crypto asset, which has received the reputation of the most stable growing asset on the crypto market.
This is the next big cryptocurrency with a current rate of $1,668. Ethereum is not only an asset but also a platform for developers of smart contract applications. Ethereum hosts numerous applications deployed on this network. Ethereum’s market cap is $202,61 billion.
This is a stablecoin pegged to the value of the USA dollar, that is, 1 USDT = $1. It is the most popular and often used stablecoin with a market cap of $66,4 billion. Stablecoins are used to hedge trading risks and money transfers. Transactions in USDT are protected from the crypto market fluctuations because Tether is not subject to volatility, and its price is always around one dollar.
USD Coin (USDC)
This is a tokenised US dollar, another stablecoin. So еhe USDC price is $1. The price remains unchangeable, ensuring stability.
Binance Coin (BNB)
This crypto asset was issued by a popular Binance crypto exchange. The current BNB rate is $319,8, and the market cap is $51,4 billion. BNB is a native token of the Binance Chain. First, it was used for paying transaction fees within the network but later received adoption in many other apps, travel bookings, payments for online services, etc.
XRP is a native token of the Ripple platform, which allows fast and cheap transactions worldwide. XRP is meant to improve the conversion of currencies on the international level, making them lightning-fast and less costly compared with traditional financial establishments’ money transfer services. Today’s XRP price is $0,3742, and the market cap is $18 billion.
These were just a few popular assets that made it the best cryptocurrency by market capitalization. All of them are promising projects that have rich technological backgrounds and use cases in many fields.
If you want to buy any of the before-mentioned assets, you can use a centralized crypto exchange WhiteBIT. It is a young platform, but it has already made it to the top exchanges in Europe. WhiteBIT is focused on users’ safety, holding 96% of investments offline. Also, the platform has launched its Insurance Fund, which secures users’ funds in the case of hacker attacks.
The platform offers a convenient application for trading on the go, over 400 crypto assets, and the possibility to trade with fiat currencies.
On WhiteBIT, you can make futures trading using the most popular crypto assets, trade with leverage, attach trading bots, etc. Or, if you are not an experienced trader yet, you may get a lot of practice using a demo account on WhiteBIT. The platform has issued special tokens that are traded only on demo accounts. You cannot lose them or cash them out. So practicing different trading tools and strategies, you will quickly receive the needed experience and confidence.
You are welcome to visit the White Blog to learn more about the most popular crypto assets and live crypto prices. It is a resource with comprehensive information on the market, educational articles, explanation of trading strategies, guides for beginners, etc. Also, you will find exciting quizzes and competitions for the community, staking programs to receive passive income, and much more helpful information.
There is also a section for new cryptocurrencies emerging in the market and joining the WhiteBIT family.