According to the market cap, Bitcoin, the significant digital currency, has expanded its territory recently. Bitcoin has increased its market value by more than ten folds, and it's soared up by almost 14000% in the last five years.

Half of the cryptocurrency investors hold bitcoin, but some altcoins still managed to acquire the limelight. In just a few months, the digital currencies tumbled by a massive amount in the marketplace. Click here to find out more about bitcoin trading. Making a cryptocurrency is not that difficult. That is why developers are launching different digital coins every week.

From just bitcoin as the lone warrior in the industry, the cryptocurrency marketplace has more than 10000 altcoins. Despite such chaos, some cryptocurrencies have gained traction in just a significantly less period. Let's check out the market cap after bitcoin.

Bitcoin

Coinmarketcap lists bitcoin as the most prominent cryptocurrency as per its market cap. The market cap of this virtual coin has recently crossed the boundary of $1 trillion. After touching an all-time in November 2021, bitcoin is all set to create some new records.

Bitcoin whales and multinational companies like Microstrategy have held this token for a long time. The profit these long-term investors have retained from bitcoin is just immense. However, bitcoins are limited in circulation, and 88% of bitcoin's supply is in circulation.

Ethereum

We all know bitcoin can be classified as an asset class and a different payment method. But Ethereum is neither an asset class nor a payment method. Ethereum is an intelligent chain that has the feature of smart contracts. Three of Ethereum, Vitalik Buterin, came into the limelight when he made numerous donations in the health care industries of different regions.

Since it is an intelligent chain, a developer must pay some gas fees to create a decentralized application. One can pay the gas fees in the form of ether. Like NFT games have their in-game token, Ethereum has its currency named ether.

As per reports, ether is the second-biggest digital currency ranked by coin market cap. The market cap of ether crossed over $500 billion after it touched its all-time with bitcoin. Ether is trading at a value of $4000 at the instance.

Ripple

Ripple is also a blockchain network, just like ethereum. Similar to ethereum, ripple has XRP to pay gas fees on the network. One can use the ripple blockchain to create different decentralized finance apps, NFT games even you can mint your NFTs on this blockchain. XRP is also a popular digital coin, and the market cap of XRP is over $100 billion. XRP has soared by 50,000% over the past few years.

Cardano

Cardano is a decentralized blockchain network. Cardano is the leading blockchain network as it uses POS. POS refers to proof of stakes, and POW refers to proof of history. Although the combination of POW and POS is quite lethal, the transactions on the Cardano blockchain are very secure and scalable. One of the significant reasons Cardano has a fewer gas fee is proof of stakes.

Cardano has a token named ADA; the current market value of ADA is $1.35. ADA has gained considerable value in the past year. There are many upcoming projects on the Cardano blockchain, just like NFT games and NFTs themselves. If such projects successfully run on the Cardano blockchain, they will increase market value. Cardano has a very bright future, and if you want to invest resources in any digital currency, Cardano is the best option.

Solana

Solana and Polygon are currently two blockchain networks connecting one blockchain with another. For example, it can interconnect the Ethereum bright chain with the binance intelligent chain, and you can interchange tokens of this bright chain with one another. The token of Solana is popular as SOL; last year, Solana was trading at a market value of $2, and the current market value of Solana is $232. As per the cryptocurrency experts, Solana also has a very bright future, and this token will continue to rise.

The above mentioned are the top cryptocurrencies according to the market cap.