Top 10 crypto currencies in 2022

– Market cap: £474 billion

1. Bitcoin (BTC)


Bitcoin (BTC)

The original cryptocurrency, Bitcoin was first mooted in 2008 by an anonymous individual, or group of people, using the pseudonym Satoshi Nakamoto. Its invention was a breakthrough in cryptography.

– Market cap: £182 billion

1. Bitcoin (BTC)


Ethereum (ETH)

Ethereum is both a cryptocurrency and a blockchain platform and is popular with programme developers because of its potential applications.

– Market cap: £57 billion

1. Bitcoin (BTC)


Tether (USDT)

Unlike some of its cryptocurrency rivals, Tether is a type of ‘stable coin’.

– Market cap: £40 billion

1. Bitcoin (BTC)


Binance Coin (BNB)

Binance Coin is a version of cryptocurrency where users can trade and pay fees on Binance, one of the world’s largest crypto exchanges. Fees paid on the exchange in Binance Coin receive a discount.

– Market cap: £42 billion

1. Bitcoin (BTC)


US Dollar Coin (USDC)

US Dollar Coin (USDC) is another stable coin. It’s redeemable on a 1:1 basis for US dollars, backed by dollar denominated assets held in segregated accounts with US-regulated financial institutions. USDC is powered by Ethereum and can be used to complete transactions worldwide.

– Market cap: £15 billion

1. Bitcoin (BTC)



XRP aims to be a fast, cost-efficient cryptocurrency for cross-border payments. Created by some of the same founders as Ripple

– Market cap: £8 billion

1. Bitcoin (BTC)


Dogecoin (DOGE)

Dogecoin began as a joke in 2013, but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. Dogecoin’s price in 2017 was £0.00016. By 6 June, 2022, its price was at 51p.

– Market cap: £17 billion

1. Bitcoin (BTC)


Cardano (ADA)

Later to the crypto scene, Cardano is notable for its early embrace of ‘proof-of-stake’ validation. This is the second (along with ‘proof-of-work’, see Bitcoin) of two major consensus mechanisms that cryptocurrencies use to verify new transactions, add them to the blockchain, and create new tokens.

– Market cap: £11 billion

1. Bitcoin (BTC)


Solana (SOL)

Solana is a public, open-source blockchain that supports smart contracts including NFTs and a variety of so-called decentralised applications also known as ‘dApps’ dApps are digital applications or programmes that run on a blockchain network of computers instead of a single computer..

– Market cap: £6 billion

1. Bitcoin (BTC)


Avalanche (AVAX)

Avalanche describes itself as an open, programmable smart contracts platform for dApps. It is used to pay transaction fees and is compatible with Solidity, Ethereum’s programming language.


What are cryptocurrencies? A cryptocurrency is a type of currency that only exists in digital form. Cryptocurrencies are increasingly being used to make online purchases, side-stepping the need of going through a third-party such as a bank. They are also used for investment/speculation.