by Apoorva Komarraju
June 2, 2021
Here are today’s largest cryptocurrencies.
The global cryptocurrency market capital is now US$1.62 trillion, after a 2.17% decrease yesterday. In the past 24 hours, the total cryptocurrency market volume reached the US$108.80B mark, as a result of a 9.77% decrease. Furthermore, the volume of all stable coins is US$92.46B, amounting to 84.98% of the total cryptocurrency market’s 24-hour volume.
The crypto market is still coping with the market crash caused by the Chinese government’s ban on cryptocurrencies. This is opening many good investment opportunities for budding investors who want to diversify their portfolios. Here are the top cryptocurrencies according to the latest numbers.
INR – 26,95,596
Bitcoin’s price today is US$36,321.45. In the past 24 hours, the value grew by 2.22%, adding to the total spike of 6.30% in the past week. Recovering well after the crash and tweets by Elon Musk rejecting Bitcoin payments for his company on the grounds of not being environmentally friendly, the 24-hour market cap volume is US$678,918, with 482,584 Bitcoins in circulation.
INR – 1,93,402
Ethereum’s price today is uS$2,581.94, an increase of 2.80% in 24 hours. The seven-day growth amounts to 6.90%, which is a result of its utility value. Compared to Bitcoin, Ethereum has more coins in circulation, about 901,387. It is the second-largest cryptocurrency which is dominating the market with a 24-hours market cap volume of US$299,371.
3. Tether – INR 73.45
Tether’s value is pegged to the US dollar, which means Tether is backed by an equal amount of conventional money stored in banks like the dollar-euro, or yen. Tether’s price today is US$0.9998, an overall spike of 0.05% in one day. There are 829,541 coins in rotation, after an aggregate increase of 0.13% in the past week.
4. Cardano – INR 129.19
One of the most reliable altcoins in the market, Cardano is always among the top 5 cryptocurrencies of all time. Cardano’s price today is US$1.75, 1.60% growth within a day. Recovering from the crash, its value grew by 8.36% in the past 7-days. The investor’s favorite, Cardano’s circulating supply is 637,696.
5. Binance Coin – INR 26,618
Backed by one of the most popular cryptocurrency exchanges Binance, Binance coin’s price today is US$355.50. As Binance is used by many crypto traders globally, its value increased by 0.95% in a day and 0.39% in a week. With Bitcoin, Ethereum, and Cardano as competitors, there are only 573,296 coins in supply.
6. Dogecoin – INR 29.130
The meme-coin that rose to glory, thanks to Elon Musk, Dogecoin is still making news by staying relevant. Dogecoin’s price today is US$0.3634, growing rapidly by 8.49%. After facing some highs and lows, its value grew by 4.04% this week, with a 24-hour market cap of US$47,089.
7. XRP – INR 77.9
XRP by Ripple stands at US$0.9973, after a spike of 5.64%. One of the original blockchain startups, Ripple is not decentralized. XRP’s value grew by 0.79% in the past week, reaching some stability. Its market capitalization of US$45.68B puts XRP among the top 10 cryptos based on market value.
8. USD Coin – INR 77.299
USD Coin is a stable coin which means investors can redeem US$1 for one crypto coin. Launched in September 2018, the value of a USD coin is expected to increase from US$1 to US$1.2797 by the end of 2022. If you’re looking for a no-risk investment option, a stable coin is a good bet.
9. Polkadot – INR 1,843
Polkadot works on proof-of-stake cryptocurrency technology, unlike many other cryptos in the market. Its utility feature that allows an independent blockchain to share information, and creates decentralized apps have made this a promising cryptocurrency. Polkadot’s price today is US$23.70, after a 5.39% increase.
10. Uniswap – INR 2,123
Uniswap’s price today is US$26.63, which increased by 4.69% in a day. Its weekly high is 2.04%, stabilizing at a steady pace. With a 24-hour market cap volume of US$15,065, there are currently 651,703 coins in supply.
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