It was created in 2009 by a person using an assumed name Satoshi Nakamoto, Bitcoin (BTC) is the first cryptocurrency. Like many cryptocurrencies, BTC runs on a blockchain which is an electronic ledger that records transactions over a vast network of computers. Because any changes to the ledgers distributed by be verified through solving a cryptographic puzzle the process is known as proof of work Bitcoin is protected and protected from criminals.
The price of Bitcoin has soared since it became the most popular name. In May of 2016 you could purchase Bitcoin for around $500. Since then, Bitcoin has experienced a number of fluctuations and ups, but it has been able to show incredible resistance. In the year 2000, Bitcoin dropped 65 percent of its market value . currently, as of Jan 10, 2023, Bitcoin is trading between $17,500-$18,000.
- Market Cap: Over $4 billion
AVAX is an original token from the Avalanche blockchain, which is able to support smart contract capabilities. It operates with the Proof of Stake (PoS) mechanism and is considered to be one of the most efficient and most reliable smart contract platforms within the DeFi space. Similar to Ethereum it is able to support smart contracts for running applications that are decentralized on its network and utilizes the Solidity language, which is the similar to the one utilized by Ethereum.
Avalanche has a limit on supply of 780 million AVAX tokens. Half of these were created and distributed prior to the date of its initial launch in 2020. The remainder of the tokens are still to be produced through the process of minting as Staking rewards. Furthermore unlike Bitcoin and Ethereum Avalanche’s fees are not paid out to validators and instead the fees are all burned, which makes it more difficult to obtain AVAX.
AVAX was valued at about $4.00 when it was first announced for debut in September of 2020. AVAX reached its highest price in the range of $134.87 on November 23rd 2021. On January 15th 2023 AVAX has a price that are close to $15.4.
3. Polkadot (DOT)
Polkadot (DOT) was established in the year of 2016, is a blockchain interoperability technology that is designed to connect various chains. It also permits exchange of data and processing transactions on parallel blockchains or parachains without any compromise to their security. Developers can build their own blockchains employing the Polkadot Security.
The main creator of Ethereum, Gavin Wood created Polkadot. The best part about DOT is that it does not have a hard limit on the total amount of its supply. Instead, a brand constant supply of new tokens is in circulation.
The price of Polkadot hit its highest in May 2020 , at $6.30 and, later, on May 20, 2021 it reached its record high of $55.11 and then fell to nearly $4 by the end of the month of December 2022. In January 2023, the price was at $5.10.
As a cryptocurrency and cryptocurrency platform for blockchain, Ethereum can be the preferred choice of programmers due to its many potential applications, such as smart contracts, which automatically run upon the fulfillment of certain conditions and tokens that are not fungible ( NFTs).
Ethereum has also seen a tremendous growth. From April 2016 until at the start of March 20, 2022 its value increased from $11 to nearly $3,000 rising over 27,000 percent. Due to the general market downturn, Ethereum plunged to an annual low of $1091 on the 9th of November in 2022. It then rebounded up to levels close to $1,400 as of January 10 2023.
Litecoin (LTC) The Litecoin (LTC) open-source blockchain project that was launched in 2011 was developed by the former cryptocurrency exchange Coinbase software engineer Charlie Lee. It was among the first cryptocurrencies that’s algorithm is based on Bitcoin’s. Although it shares many similarities with Bitcoin but it was developed to speed up confirmation of transactions. It is an option to pay anyone around the world, without the intermediary. LTC is often described by some as “silver as Bitcoin’s precious metal.”
Litecoin has the total round-off supply 85 million tokens. It was launched in May of 2021. the coin reached its highest ever recorded value of $413.47 however, it fell by more than 50 percent. There are an increasing amount of companies that use Litecoin. It’s a token worth of about $84, making it the 11th most valuable cryptocurrency globally.
6.MATIC / Polygon
If you exclude the stablecoins, MATIC is now the seventh largest cryptocurrency in terms of market capitalization, having an estimated capitalization of $7 billion. It is still less than one percent of the overall market of its size Polygon can afford potential to expand, but it is interesting to note that its future growth is contingent on the continued acceptance and usage by its Ethereum network. This is since Polygon is a Polygon network functions as a platform for scaling that seeks to expand its capabilities Ethereum which will allow the platform to run an almost infinite number of decentralized applications known as dApps. Like most other tokens, MATIC’s value fell in 2022, shedding 70 percent of its value over the past year. Polygon receives financial support from the industry’s majors Binance as well as Coinbase Global Inc. ( COIN) which shows that crypto giants are ready to confirm their faith in Polygon’s work with hard, cold cash.
VeChain can be described as an open source blockchain platform that is focused on offering supply chain management solutions. The platform makes use of blockchain technology, with the help of AI to facilitate the monitoring and verification of different kinds of information and goods such as pharmaceuticals and food to industrial and luxury products.
The platform is a set of business solutions that include the execution of smart contracts, tracking assets data storage and various other business processes. Its native VET token is the engine that powers transactions through the network, allowing access to various services , and reward users for their contribution. Apart from the services offered, Vechain’s AI-powered solutions allow businesses to gain insight into the supply chain process and help them make better decisions and improve efficiency.
Fetch.ai is a peer-to-peer AI-driven technology that functions as an operating system to the internet of things (IoT). The purpose for Fetch.ai is to build an interconnected digital environment that allows agents to interact in real-time taking decisions automatically and executing agreements with no the supervision of a human. The platform makes use of its own currency, FET, to facilitate an autonomous economic process in the network, remunerating agents for successfully completing tasks.
Its Fetch.ai blockchain is built with Cosmos SDK. Cosmos SDK, which enables the highest performance and throughput needed for the scaling of AI-based transactions. It is the biggest and most lucrative cryptocurrency in the AI industry and has the top tier of venture capitalists joining.
9.Ocean Protocol (OCEAN)
Ocean Protocol is an open platform that allows data exchange and sharing. It is based on blockchain technology and utilizes smart contracts to allow safe as well as transparent transactions. The aim Ocean Protocol’s goal Ocean Protocol is to build an transparent and fair data ecosystem that allows both organizations and individuals are able to easily access and share high-quality information to use in machine-learning or different AI applications.
With the help of Ocean Protocol, organizations can share their data , while maintaining the control of who is able to access it and how it’s utilized, and also be paid to share their information. This allows for the development of an efficient and more collaborative AI ecosystem where data is accessible to be used in creating and developing AI models.
10. Mogul Productions Crypto
Mogul Productions is a leader in all Film3 subcategories.
Filmmakers use Mogul as a platform to launch their movie campaigns. Mogul and its partners establish product lines to connect movie-makers with fans to decentralize the filmmaking process and provide better fan engagement opportunities.
Mogul partners with artists, filmmakers, actors, and other entertainers to provide an end-to-end solution for minting and launching their own NFT collections through their marketplace. They are an immersive and inclusive platform transforming how movies and other forms of art and entertainment get funded by allowing members of its expansive community to participate in the production process like never before.
Projects are greenlit through a combination of voter staking, NFT film memorabilia sales, private funding, and film funds.