4) Solana (SOL)
Market Cap – $65 Billion (As on 10th March, 2024)
Solana (SOL) was developed to support decentralized finance (DeFi) applications, decentralized apps (DApps), and smart contracts. It utilizes a unique hybrid mechanism combining proof-of-stake and proof-of-history to process transactions swiftly and securely. SOL, the native token of Solana, fuels the platform.
Upon its launch in 2020, SOL commenced trading at $0.77. By late February 2024, its price had surged to approximately $150.19, marking an impressive gain of 15,210%.
5) Binance Coin (BNB)
Market Cap – $74 Billion (As on 10th March, 2024)
Binance Coin (BNB) serves as a cryptocurrency utilized for trading and paying fees on Binance, one of the world’s largest cryptocurrency exchanges. Since its inception in 2017, Binance Coin has evolved beyond facilitating trades on Binance’s platform. It now facilitates trading, payment processing, and even booking travel arrangements. BNB can also be exchanged for other cryptocurrencies like Ethereum or Bitcoin.
Initially priced at $0.10 in 2017, BNB’s value skyrocketed to around $496 by late March 2024, reflecting a remarkable gain of 320,295%.
6) XRP (XRP)
Market Cap – $34.2 Billion (As on 14th Feb, 2024)
XRP, created by some of the founders of Ripple, a digital technology and payment processing company, is utilized within the Ripple network to facilitate exchanges of various currency types, including fiat currencies and major cryptocurrencies.
Starting at $0.006 in early 2017, XRP’s price reached $0.625 as of March 10, 2024, representing a notable increase of 8,539%.
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