10 biggest cryptocurrencies

November 18, 2014 07:33 AM
It's not just bitcoin

While everyone has heard of bitcoin, cryptocurrencies, a subset of alternative, digital currencies, are gaining in popularity and number.

With the advent of bitcoin in 2009, hundreds of similar currencies have hit the market, albeit with less of a following. Coinmarketcap.com logs a total of 567 digital currencies, with a total market capitalization of $5,619,219,706. While many of these digital currencies have no quantifiable market cap, the top 10 are all above the $10 million mark, and there is evidence of growing institutional interest in the space. 

The installment of the first bitcoin ATM in Oct. 2013 (dubbed "Robocoin") cements the presence these currencies are holding in everyday society, as well as the increasing interest in this market. If governments begin recognizing digital currencies, it could have a major effect on their success and development in the future.

Continue reading to see the list of top 10 cryptocurrencies by market capitalization!


All information courtesy of coinmarketcap.com.

10. Darkcoin (DRK)

Market Cap: $11,508,029

Price: $2.36

Available Supply: 4,869,145

Volume (24hr): $187,611

Introduced: Jan. 18, 2014


Darkcoin was originally released under the name "XCoin," and was designed to be an anonymous form of bitcoin.

9. MaidSafeCoin (MAID)

Market Cap: $11,911,587

Price: $0.03

Available Supply: 452,552,412*

Volume (24hr): $4,077

 Introduced: Not yet officially released, development began 2006


In 2006, over $5 million was raised to fund the development of MaidSafe/"Safecoin." 

* Not Mineable

8. Peercoin (PPC)

Market Cap: $16,247,919

Price: $0.74

Available Supply: 21,879,644

Volume (24hr): $107,187

Introduced: Aug. 12, 2012


Unlike other cryptocurrencies, there is a charge to trade Peercoin. It is also the official digital currency at Trek Con, a Star Trek convention.Source

7. Nxt (NXT)

Market Cap: $17,992,448

Price: $0.02

Available Supply: 999,997,096*

Volume (24hr): $39,696

Introduced: Nov. 24, 2013


Nxt is designed as a new payment system, not just an individual currency. 

6. Counterparty (XCP)

Market Cap: $19,532,444

Price: $7.38

Available Supply: 2,647,023*

Volume (24hr): $34,487

Introduced: Unknown


Counterparty is actually a finanacial platform represented by its currency, XCP. 


Be sure to check out our other educational and fun slideshows here

5. Dogecoin (DOGE)

Market Cap: $21,092,596

Price: $0.0002

Available Supply: 95,706,226,277

Volume (24hr): $306,424

Introduced: Dec. 8, 2013


The Dogecoin community focuses on charitable events, working to fund the 2014 Winter Olympic Jamaican bobsled team's trip to Sochi, as well as contributing to foundations that help special needs children get paired with service dogs.

4. BitShares (BTSX)

Market Cap: $30,605,017

Price: $0.02

Available Supply: 1,999,883,512*

Volume (24hr): $334,589

Introduced: Unknown


BitShares was originally an experiment to test the economic theory behind a new kind of prediction market. This experiment creates a decentralized bank and exchange that uses a decentralized transaction ledger secured by DPOS to create fungible digital assets that are market-pegged to the value of anything from dollars, to gold, to gallons of gasoline.Source

3. Litecoin (LTC)

Market Cap: $127,714,013

Price: $3.76

Available Supply: 33,939,487

Volume (24hr): $3,937,590

Introduced: Oct. 7, 2011


Some believe that Litecoin will be not onyl an alternative to bitcoin, but its successor.

2. Ripple (XRP)

Market Cap: $156,708,361

Price: $0.01

Available Supply: 28,989,252,282*

Volume (24hr): $463,689

Introduced: Unknown


Ripplepay, originally Opencoin, is the system behind XRP, the actual digital currency. It was designed to improve many aspects of bitcoin.

Image Credit: zach zoley

 1. Bitcoin (BTC)

Market Cap: $5,074,709,801

Price: $375.49

Available Supply: 13,516,200

Volume (24hr): $31,836,900

Introduced: Jan. 3, 2009


Bitcoin, the grandaddy of them all,  is being considered as an option for contributing to future political campaigns.

Be sure to check out our other educational and fun slideshows here


Source: coinmarketcap.com


About the Author

Lauren is the editorial assistant for Futures Magazine. She graduated from DePaul University in 2013 with a degree in English.