Primary Function of the Top 10 Cryptocurrency Coins

New: Join our 3-hour live workshop with Spencer to learn the basics of trading and make your first live trade!

These are the top 10 major cryptocurrency coins based on market capitalization.

Here is a quick summary of the primary function of each cryptocurrency coin:

1. Bitcoin (BTC) – A store of wealth, digital gold.
2. Ethereum (ETH) – Decentralized smart contract platform, allows apps to be built on top of it.
3. Cardano (ADA) – Decentralized smart contract platform with lower fees, specific use cases.
4. Tether (USDT) – Stablecoin, pegged 1-1 to the US dollar.
5. Binance Coin (BNB) – Owned by the largest crypto exchange, Binance.
6. Ripple (XRP) – Banker’s coin, settle global payments across borders.
7. Solana (SOL) – Decentralized smart contract platform, uses proof of history & proof of stake instead of proof of work.
8. Polkadot (DOT) – Multi-chain protocol to allow different blockchains to talk to each other.
9. DogeCoin (DOGE) – Meme coin
10. USD Coin (USDC) – Stablecoin, pegged 1-1 to the US dollar.

If you would like to learn more about crypto & DeFi, also check out: “The Ultimate Guide to Blockchain & Cryptocurrencies”

New to Trading? Make your first live trade today in this workshop! Meet Spencer live for 3 hours of hands-on training! No prior experience required! Learn all the basics of trading, and step-by-step guidance to make your first trade!

If you're looking for the best trading opportunities every day across various markets, and don't want to spend hours doing the research yourself, check out our private Telegram channel!

Spencer Li

Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.