Top 10 Cryptocurrencies In December 2021

5. Solana (SOL)

  • Market cap: Over $64 billion

Solana was created to support the usage of decentralized finance (DeFi), decentralized applications (DApps), and smart contracts. It operates on a special hybrid proof-of-stake and proof-of-history system that aids in the speedy and safe processing of transactions. The platform is run by the native token of Solana, SOL.

SOL’s pricing started at $0.77 when it debuted in 2020. Its cost reached over $213.42 on November 30, 2021, an increase of more than 26,500%.

6. Cardano (ADA)

  • Market cap: Over $52 billion

Cardano is noteworthy for using proof-of-stake validation early while entering the crypto industry somewhat later. By eliminating the competitive, problem-solving part of transaction verification seen in systems like Bitcoin, this approach reduces energy consumption, increases transaction speed, and has a smaller negative impact on the environment. Similar to Ethereum, Cardano uses ADA, its native token, to power smart contracts and decentralized apps.

In comparison to other significant crypto currencies, the rise of the Cardano ADA token has been somewhat muted. The cost of ADA was $0.02 in 2017. On November 30, 2021, it cost $1.57. This represents a growth of 7,850%.

7. XRP (XRP)

  • Market cap: Over $47 billion

XRP is a cryptocurrency that may be used on that network to allow trades of many currency kinds, including fiat currencies and other significant cryptocurrencies. It was developed by some of the same founders as Ripple, a digital technology and payment processing firm.

XRP was worth $0.006 at the start of the year 2017. On November 30, 2021, it cost $1.00, an increase of 16,666%.

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