The most valuable virtual currency rankings, the top ten legal virtual currencies in the world in 2024

The ranking of 24 legal virtual currencies worldwide. Bitcoin (BTC) tops the list with a market cap of over $1 trillion, making it a pioneer in the cryptocurrency space. Ethereum (ETH) follows with its smart contract platform with a market cap of over $500 billion. Binance Coin (BNB) ranks third with a market value of over $100 billion and is the native token of Binance Exchange. The USD pegged stablecoin Tether (USDT), with a market cap of over $80 billion, provides hedging for cryptocurrency market volatility. Litecoin (LTC) is a derivative token of Bitcoin, known for its faster transaction speeds and lower transaction fees. Dogecoin (DOGE) is popular with its dog-themed cryptocurrency, with a market capitalization of over $20 billion. Ripple (XRP) is a cross-border payment network designed to facilitate fast and low-cost transactions. Cardano (ADA) is a smart contract platform that focuses on scalability, security and sustainability. Tron (TRX) is a decentralized content sharing platform that provides control over digital assets. Polygon (MATIC) is the second layer solution for Ethereum, which can improve scalability and reduce transaction fees.

24 2019 Top Ten Legal Virtual Currencies in the World

1. Bitcoin (BTC) 🎜>

Market Value: Over $1 trillion

• Trading Volume: Over $10 billion per day
• Blockchain Platform: Bitcoin Network
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Coin is the first cryptocurrency and the largest market capitalization. It is a pioneer in the cryptocurrency space and sets standards for decentralization, security and transparency. Its blockchain platform is used to record transactions and verify blocks to ensure the stability and security of the network.

2. Ethereum (ETH)

Market Value: Over $500 billion
• Trading Volume: Over $5 billion per day
• Blockchain Platform: Ethereum Virtual Machine

Ethereum is a smart contract platform that allows the construction of decentralized applications (dApps) on its blockchain. Its virtual machines provide a secure and scalable environment for executing smart contracts, allowing developers to create innovative and powerful applications.

3. Binance Coin (BNB)

Market Value: More than 100 billion US dollars

• Trading volume: More than US$1 billion per day
• Blockchain platform: Binance Chain
• Binance Coin is the native token of Binance Exchange. It is a multi-functional token that can be used to trade fees, book travel and participate in other services in the Binance ecosystem. Binance Chain is Binance Coin’s blockchain platform, it is a high-performance blockchain focused on scalability and efficiency.

4. Tether Co. (USDT)

Market Value: Over US$80 billion
• Trading Volume: Over US$10 billion per day
• Blockchain platforms: Ethereum, Binance Chain, Tron, etc.

Teda is a stablecoin pegged to the US dollar. It aims to keep the value of 1USDT equivalent to $1, making it an attractive hedge tool for cryptocurrency market volatility. Tether is based on a variety of blockchain platforms, making it widely used in the cryptocurrency ecosystem.

5. Litecoin (LTC)

Market Value: Over US$20 billion
• Trading Volume: Over US$500 million per day
• Blockchain Platform: Litecoin Network

Litecoin is a derivative token of Bitcoin designed to provide faster transaction speeds and lower transaction fees. Its blockchain platform uses different proof-of-work algorithms called Scrypt, making it easier to mine and less energy consuming.

6. Dogecoin (DOGE)

• Market Value: More than US$20 billion
• Trading Volume: More than US$500 million per day
• Blockchain Platform: Dogecoin Network

Dogecoin is a dog-themed cryptocurrency that was originally created as a joke. However, it has gained great support and has become a popular payment method, especially for small transactions. Its blockchain platform provides low transaction fees and fast transaction confirmation.

7. Ripple (XRP)

• Market Value: Over $10 billion
• Trading Volume: Over $500 million per day
• Blockchain Platform: Ripple Network

Ripple is a cross-border payment network designed to promote fast and low-cost transactions between banks and other financial institutions. Its blockchain platform uses a unique consensus mechanism called the XRP consensus protocol to enable high throughput and fast transaction confirmation.

8. Cardano (ADA)

• Market Value: Over US$10 billion
• Trading Volume: Over US$500 million per day
• Blockchain Platform: Cardano Network

Cardano is a smart contract platform that focuses on scalability, security and sustainability. Its blockchain platform adopts a multi-layer architecture, where the main chain focuses on clearing and settlement, while the side chain is used for smart contract execution.

9. Tron (TRX)

Market Value: More than US$5 billion

• Trading volume: More than US$500 million per day
• Blockchain platform: Tron Network
• Tron is a decentralized content sharing platform focusing on Provide users with control of digital assets. Its blockchain platform offers high throughput and low transaction fees, making it a popular choice for hosting decentralized applications and issuing tokens.

10. Polygon (MATIC)

• Market Value: More than US$4 billion
• Trading Volume: More than US$500 million per day
• Blockchain Platform: Ethereum, Binance Chain, etc.

Polygon is Ethereum's second layer solution, aiming to improve the scalability of the Ethereum network and reduce transaction fees. Its blockchain platform uses independent chains called sidechains that run parallel to the Ethereum mainchain, enabling high throughput and faster confirmation time.

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