The cryptocurrency world is constantly changing, every second, every minute, with the ups and downs of various coins always happening unexpectedly. Over the past 10 years of cryptocurrencies, many new types of coins have emerged to serve various purposes.
The market sees hundreds of thousands of meme coins being created. However, surviving in this fierce market is not easy.
Today, we will present the top 10 oldest and most widely used coins, which the crypto community uses and invests in the most.
Top Oldest and Most Used Coins
10, Cardano (ADA)
Cardano is a coin that uses a public blockchain platform, as well as a source code and is decentralized, agreed upon by the community using proof of stake.
Cardano is a coin that can facilitate peer-to-peer transactions with its internal cryptocurrency. The current value at the time of writing is $0.4578.
Development and Formation History
Development of Cardano began in 2015 and was led by Ethereum co-founder Charles Hoskinson. The project is overseen and monitored by the Cardano Foundation in Zug, Switzerland. When it was launched in early 2017, it was the largest cryptocurrency and used blockchain proof of stake, considered the best and greener alternative to proof of work protocols.
9, Toncoin (TON)
What is The Open Network?
TONcoin, also known as The Open Network (TON), is a Layer 1 blockchain platform powered by the Proof of Stake (PoS) consensus mechanism to improve user experience by processing transactions quickly and with extremely low fees. TONcoin was launched in early 2018 by the Telegram messaging app development programming team with the goal of mass adoption for all users to easily access and use digital currency.
And of course, the current value at the time of writing is $5.48.
History of The Open Network – Toncoin (TON) In 2018, the Telegram Open Network, the parent company of The Open Network, launched a project whitepaper with the GRAM token. Initially, Telegram raised funds for the project through ICOs and raised a whopping $1.7 billion. From there, the Telegram Open Network quickly became known to the crypto community, being the fastest-growing project among many cryptocurrency projects.
Next, in March 2020, the Telegram Open Network began preparations for the next ICO. However, they unexpectedly received a ban order from the U.S. Securities and Exchange Commission (SEC). And then they sold the entire project to The Open Network.
8, Dogecoin
As you know, Dogecoin is the darling of Elon Musk. Created by former IBM engineer Billy Markus in Portland, Oregon, it was created as an experimental coin, caught the attention of billionaire Elon Musk, and its price has risen rapidly. However, after nearly 8 years, the price of Dogecoin has never reached $1. And its current value at the time of writing is $0.1387.
7, XRP
If you are a crypto enthusiast, you surely cannot miss XRP. It is the third-largest cryptocurrency in the world by market capitalization, created by Ripple Labs.
6, USDC
USD Coin (USDC) is a stablecoin that is probably not unfamiliar to many investors in the crypto world, with the second-largest market capitalization in the world after USDT in the stablecoin segment.
According to you, what is USD Coin (USDC)? USDC is a type of digital asset, a stablecoin centered around a 1:1 Fiat-backed Stablecoin, specifically backed by USD. Each USD coin in circulation and traded on the market can be converted to $1 in traditional US dollars or equivalent assets such as short-term U.S. Treasury bonds managed by Circle – the company issuing USDC.
5, Solana (SOL)
As you know, in the world of cryptocurrencies, there are many ecosystems or wallets that store coins belonging to those ecosystems.
Solana (SOL) is also a separate ecosystem and was launched in 2020 by Solana Labs. The Solana (SOL) blockchain has experienced many disruptions due to hacker attacks. In 2021, Solana was hacked for an amount of up to $65 million. The market downturn caused the coin to plummet. However, from 2023 until now, it has seen remarkable growth. The SOL community is very large, and its current value is $141.35 USD.
4, BNB
If you are an investor or frequently use cryptocurrency exchanges, you surely cannot be unaware of BNB.
BNB is the official coin of the famous Binance exchange, launched in July 2017 through an ICO model.
Initially, BNB was built and used on the Ethereum (ETH) blockchain according to the ERC-20 standard from 2017 to 2019, and it was the official coin of the Binance exchange ecosystem led by CEO CZ and Binance Chain (BEP-2). Then, from 2020, BNB switched to Smart Contracts (BSC).
The new breakthrough for BNB is that this coin is widely used as gas fees for smart contract transactions between various coins from the Binance exchange to Poo.app.
The current price of BNB is also quite high at $578.7. If you are considering investing, this coin is worth noting.
3, Tether USDT
Tether USDT is a digital currency pegged to the US dollar, and its market capitalization is probably at the top due to its widespread conversion with other coins.
2, Ethereum ETH
This coin stands only behind the king coin and has been around for a long time, experiencing many market fluctuations. While the halving cycles of other coins have seen significant declines, Ethereum has remained virtually stable. There have been times of decline, but not significant.
Ethereum (ETH) is a decentralized, public computing application platform, an open-source based on Blockchain technology. It features and uses smart contracts (scripts), facilitating online contract agreements and transactions. This platform includes many fully Turing-complete virtual machines – Ethereum Virtual Machine (EVM), which can execute various scripts using an Ethereum computer network. Ethereum also provides and supplies a cryptocurrency called “Ether,” which can be transferred between different accounts and used for rewards and fees for miners to help with computations. “Gas fees” are an internal smart transaction fee mechanism used to minimize spam transactions and allocate resources on the network.
Ethereum (ETH) was proposed and launched in late 2013 by Vitalik Buterin, a disciple of Dr. Nicolas, the creator of Pi Network, a cryptocurrency researcher, and programmer. The development of Ethereum was initially funded and sponsored through crowdfunding during July and August 2014. The system was officially launched on July 30, 2015, with 11.9 million pre-mined ethers sold back to the sponsors. This amount accounted for about 13% of the total circulating ether.
1, The first position is Bitcoin (BTC)
BTC was officially released in 2008, distributed freely, marking the beginning of the emergence of other cryptocurrencies, also based on blockchain technology. However, Bitcoin mining requires powerful computer configurations and enormous energy sources.
Over 10 years since its launch, BTC has become the number one cryptocurrency in the market. Like other cryptocurrencies, its initial value was virtually negligible. However, its current value is very high, at over $61,000 USD. If you intend to invest, you need to carefully consider and have a huge capital.
Above is a compilation of the top 10 coins to watch. If you want to invest for profit, consider investing in 8 out of these 10 coins. Wish you success. Visit our Pi shopping mall for more useful information.
