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What’s Hot in Crypto Part-2

From: Shazeb

This article is the second in the series reviewing the most popular crypto coins and tokens for 2022. In the first part, we covered the top five crypto coins by market cap including Bitcoin, Ethereum, USD Coin, BNB and Cardano. This article review coins ranking from 6th to 10th position in coins by largest market capitalisation.

1.    Ripple

Ripple protocol was designed to facilitate financial transactions like real-time gross settlement (RTGS), exchange and money transfer systems. It has a native currency called XRP. The current market cap (as of 14th August 2022) of XRP is $18.287 billion. Currently, one XRP coin is being traded at $0.37. The value of XRP is controlled by its limited supply. It has 49,139,217,191  coins in circulation and has a maximum supply of 100,000,000,000.

The returns of XRP for the past year are negative and stand at -70.9%. The all-time high price of XRP is $3.40 in January 2018. The attached graph shows the market cap movement of XRP since January 2020.

2.    Solana

Solana blockchain network was founded by Anatoly Yakovenko and others in 2017. However, the Solana mainnet beta launched in March 2020. The network provides an ecosystem for dApps using the PoS consensus mechanism for transaction verification. It is one of the fastest blockchain networks. Its native coin Solana token (SOL) is currently being traded at $44.50 and has a market capitalization of $15.413 billion. The SOL coin has a total supply of 508,180,963 and a circulating supply of 348,838,530.

Solana coin reached its all-time high price at $259.96 in November 2021 and has given a 1% return over the past year. The market cap of SOL since its inception is depicted in the attached graph.

3.    Polkadot

Polkadot is a different game when it comes to blockchain technology. It is a network of blockchains. It allows the blockchains to pool their security features while allowing them to maintain their arbitrary state-transition function. The network has its native coin called Polkadot coin (DOT) currently being traded at $8.91 after touching an all-time high of $54.98 in November 2021. The current market capitalization of DOT is $10.165 billion. The total supply of DOT is 1,222,393,450 and the circulating supply is 1,141,444,317.

The graph shows the market capitalization of Polkadot coin since inception i.e., August 2020.

4.    Shiba Inu

Shiba Inu coin was anonymously started in August 2020 as a meme coin hosted on the Ethereum network. It is often considered a counterpart to another meme coin Dogecoin. It currently has a market cap of $9.279 billion and the price of one SHIB coin is around $0.0000158. However, its price peaked at $ $0.00008616 in October 2021. It has a total supply of 999,991,217,008,178 and the circulating supply of 589,379,343,769,186.

The one-year returns for the Shiba Inu coin are positive 94.6% and the last 30-day return is 45.6%. The below graph shows the market capitalization of SHIB since August 2020.

5.    Avalanche

Avalanche is a fast, secure, low-cost and eco-friendly blockchain network. It provides blockchain-based smart contracts for businesses. Many popular DeFi applications are built on it. The Avalanche has a native coin called AVAX. Out of 409,035,084 total AVAX tokens only 284,942,526 tokens are in circulation. However, it has a maximum supply of 720,000,000. AVAX has a market cap of $7.921 billion. As of now, it is being traded at $27.80. It hit an all-time high of $144.96 in November 2021. AVAX has generated positive returns of 54.2% in a year and positive returns of 43.5% in the last 30 days.

The graph shows the market capitalization of Cardano since September 2020.

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Bitcoin (BTC) $ 38,159.22
Ethereum (ETH) $ 2,095.55
Tether (USDT) $ 1.00
USDC (USDC) $ 1.00
XRP (XRP) $ 0.611093
Polkadot (DOT) $ 5.48
Terra Luna Classic (LUNC) $ 0.000118
Avalanche (AVAX) $ 22.27
BUSD (BUSD) $ 1.00
Cronos (CRO) $ 0.090436
TerraClassicUSD (USTC) $ 0.053473
Wrapped Bitcoin (WBTC) $ 38,108.21
Polygon (MATIC) $ 0.77389
Shiba Inu (SHIB) $ 0.000008
Dogecoin (DOGE) $ 0.084347
Solana (SOL) $ 60.64
Cardano (ADA) $ 0.378931
Cosmos Hub (ATOM) $ 9.41
NEAR Protocol (NEAR) $ 1.86
Algorand (ALGO) $ 0.134571
Bitcoin Cash (BCH) $ 223.10
OKB (OKB) $ 56.93
Fantom (FTM) $ 0.311541
Stellar (XLM) $ 0.119261
TRON (TRX) $ 0.103756
Chainlink (LINK) $ 14.63
Lido Staked Ether (STETH) $ 2,094.45
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