Top 10 Cryptocurrencies In December 2021

Top 10 Cryptocurrencies In December 2021

There are dozens of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making it difficult to get started when you’re new to the field. These are the top 10 cryptocurrencies by market capitalization, or the sum of the value of all coins currently in circulation, to help you get your bearings.

1. Bitcoin (BTC)

  • Market cap: Over $1.08 trillion

Bitcoin (BTC) is the first cryptocurrency, having been developed in 2009 by a person using the alias Satoshi Nakamoto. BTC operates on a blockchain, which is a ledger that records transactions and is shared over a network of thousands of computers, like the majority other cryptocurrencies. Bitcoin is maintained secure and protected from fraudsters because updates to the distributed ledgers have to be validated by cracking a cryptographic puzzle, a procedure known as proof of work.

As Bitcoin has gained popularity, its price has risen. Five years ago, one Bitcoin cost around $500. On November 30, 2021, the cost of one Bitcoin was above $57,000. 11,400% increase is shown by it.

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