Primary Function of the Top 10 Cryptocurrency Coins

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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”

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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.