List Of Known Cryptocurrencies

List of known cryptocurrencies
Share on facebook
Facebook
Share on google
Google+
Share on twitter
Twitter
Share on linkedin
LinkedIn
Reading Time: 4 minutes

Cryptocurrencies are becoming a new normal for financial institutions. It’s more than a trillion-dollar industry. Multiples companies have joined hands with these virtual currencies, and it’s part of our everyday new conversation.

This year, the king of Bitcoin has been shadowed by altcoins. This perfectly makes sense when we look at their returns for the year 2021. Bitcoin rose by 60% while altcoins rose by 11000% and 12000%. Altcoins managed to make a three-fold return this year as well.

Moreover, with each increasing day, the virtual currency market is adding new coins. These new coins normally add up to cope with the existing challenged or minimize the potential gaps of previous coins in the market.

We have gathered a list some known coins in the crypto market. Moreover, we have discussed different aspects of these coins individually.

Note:

There are hundred of cryptocurrencies in the market. We have gathered some popular coins which you need to familiar with, or at least which remains the part of most of the news. If you have specific questions about Crypto Tax, check out our Crypto Tax FAQ.

Our Methodology

Analyzing the crypto market is a bit hard. More specifically, preferring one coin over another is hard. It mostly depends upon the subjective needs of any consumer.

For example, if an investor wants to invest in a crypto coin, he will probably make some fundamental analysis and will use some consumer trends as well. Using this method, he can prefer one cryptocurrency over another.

Our methodology is a bit different. We have gathered a list of all virtual currencies with the most market capitalization presently. Using this standard metric, we can at least assume which currencies are mostly preferred by consumers for long-term investments.

CoinTickerTechnology
BitcoinBTCBlockchain
EthereumETHDistributed Blockchain
TetherUSDTBlockchain
Binance CoinBNBEthereum Blockchain
USD CoinUSDCEthereum Blockchain
RippleXRPIntermediary Blockchain
Terra LUNABlockchain
SolanaSOLBlockchain
Cardano ADAMulti-Ledger Blockchain
Avalanche AVAXStable Blockchain

Bitcoin (BTC)

Created by an unknown person (Satoshi) in 2009, Bitcoin has still been the king of the crypto market. Followed by effective blockchain technology, it offers a promise of the secure transaction by using cryptography.

Bitcoin has been associated with many risks as well. A sharp increase in prices since 2019 has made more insecure as well. From almost $8000 to $68000, the market has gotten speculative eyes. Some referred is as a bubble as well.

Moreover, other risks associated with this coin are related to govt. regulations, security, and a huge presence of altcoins in the market.

Ethereum (ETH)

Ethereum is the second most popular cryptocurrency in the market. Like Bitcoin, ETH also uses blockchain technology to be secure for safe transactions across the world. Moreover, in recent times, it transitioned to proof-of-stake protocol.

ETH has also been mentioned and compared with Bitcoin several times before. There are huge debates about comparing both coins.

Several large financial institutions considered ETH the most reliable cryptocurrency as well. However, some consider altcoin as a preference over ETH as well.

Tether (USDT)

Tether is also blockchain cryptocurrency and categorized into the stable coins. Normally, the crypto market remains in great fluctuations. The market constantly see a great risk of moving upside and down.

However, these stable coins (Tether) normally are backed by U.S dollars which makes it stable at the price of $1.

It is used by crypto traders as a medium of exchange as well. Tether offers them the stability in the volatile market of crypto.

Binance Coin (BNB)

Binance coin is a cryptocurrency offered by the Binance exchange itself. With its exchange being the most popular among crypto traders, its coin is no different. The latest market-cap makes it one of the most popular cryptos as well.

To minimize the supply in the market, Binance has been burning its coins lately. So, the supply keeps on decreasing. For example, the supply for BNB coin has decreased from 170,532,825 to 169,432,937.

USD Coin (USDC)

USD is also one of the stable coins to fight fluctuating crypto market. The coins maintain a stability with the U.S dollar prices and is largely used as a medium of exchange for crypto trading.

While it offers stability in the market, mostly this coin is not preferred for market trading to make any gains. Some people also use it as a hedge to fight against inflation.

Ripple (XRP)

Released in 2012, Ripple is a digital payment network and remittance system. Ripple is identified with the symbol XRP, and its main purpose comes with being intermediate between the networks.

Other than Blockchain mining, Ripple uses different groups of bank serves to legalize and proceed with a transaction.

In recent times, most cryptocurrencies like Bitcoins were considered as being associated with consuming a lot of energy. However, Ripple is different. It consumes very little energy and seconds for a transaction to proceed. As mentioned before, it ranks as one of the top coins in terms of market capitalization.

Terra (LUNA)

Terra is considered one of the many stable coins in the destabilized crypto market. The market remains mostly in a great fluctuation. Some coins get an increase and drop by almost 5000% as well.

In these uncertainties, Terra jumps in to provide a stable ground for your crypto assets. It’s also fascinating that like Luna, Terra is also an algorithmic-backed stable coin in the market.

It also measures different fiat currencies in the market and offers some stability. It uses supply and demand variables to control stability in the market.

Solana (SOL)

With Solana being considered as one of the top coins in terms of market capitalization, it is designed in a way that makes it capable of hosting different scalable applications.
 

People often compare this coin with Ethereum (ETH). However, Solana has been able to do more per second than his competitors with less transactional fee. Solana is reported to use proof-of-stake and proof of history technology.

Cardano (ADA)  

Cardano is considered one of the popular cryptocurrencies in the market. Investors, innovators, blockchain enthusiasts can’t complete their conversations without mentioning its name.

The coin has a goal to become a decentralized development platform. It also aims to develop its technology using multi-ledger and verified contracts.

Cardano runs on the Proof-of-stake Ouroboros consensus protocol and is largely symbolized as ‘ADA’. Moreover, it’s assumed to be built in five stages:

1) Foundation

2) Decentralization

3) Smart Contracts

4) Scaling

4) Governance

Avalanche (AVAX)            

Being titled as one of the popular cryptocurrencies, the Avalanche blockchain platform is associated with a native currency called AVAX. It’s also considered as one of the competitors to different cryptocurrencies which promise to offer scalability and efficient transactional fees. Its rates are determined by using governance models.

Other Popular Coins Are As Follows

CoinTickerTechnology
ChainlinkLINKDecentralized oracle
AlgorandALGOBlockchain
PolygonMATICScalable blockchain
VeChainVETPublic blockchain
TronTRXBlockchain
ZCashZECSecurity-focused
EOSEOSOpen-source blockchain
TezosXTZSecurity-focuses
NeoNEOSecurity-focused

Looking for a Cryptocurrency Accountant?

With cryptocurrency still being a new system under scrutiny by the IRS, it’s important to work with a CPA who is monitoring the industry and knows the ins and outs of cryptocurrency accounting.

Our in-house cryptocurrency accounting experts are here to help you navigate these investments. See Cryptocurrency Tax and Accounting Services for details.

Subscribe to Our Newsletters

Crypto Tax & Accounting Newsletter

*Email

Cross-Border Tax Newsletter

*Email
Sign up for our Newsletter
*Email
Over 100 5 Star Reviews!
AKIF CPA
5.0
Based on 107 reviews
powered by Google
Annie Phillips
Annie Phillips
12:35 10 Oct 21
Turn around time was amazing on the project I needed done. When you don’t understand all the different forms... communication is key and you will get that here. They are there to explain what and why you need it.read more
Meru Kapadia
Meru Kapadia
23:33 01 Oct 21
I usually don't write reviews much as everyone has different experiences, but definitely wanted to share the positive... experience I have had here and why I would recommend them to all my family, friends and co-workers.I got a referral for here from a friend, so thought of giving them a try over my old CPA firm. I have been going here for a couple years now and have to say they are top notch. They are always responsive and willing to work with me even when I am delayed. I generally like to ask a lot of questions and not once did I feel like they were annoyed by it and would very thoroughly and positively answer all my concerns with detail explanations. Even during the pandemic, they worked with me 100% virtual and it was seamless. Overall, I am very happy with this firm and will continue with them for the foreseeable future.read more
Kevan Shah
Kevan Shah
21:45 01 Oct 21
I’ve been going to them for 3 years now for multiple of my businesses. I changed to them after I had problems with my... previous CPA firm and I’m so glad I did! Best decision I ever made for my businesses. They have saved me thousands of dollars over the years as well as deal with my immensely complicated tax filling issues. No matter when I call, they always help answer all my questions (and trust me I have a lot) and put my mind at ease on all my concerns. I feel as if I am family the way they take care of me. The quality of their work has not changed; very consistent and professional. It is an understatement when I say I highly recommend them.read more
Maunil Shah
Maunil Shah
16:19 01 Oct 21
AKIF CPA is the best place for your tax needs! Saim has been easily available for my all my questions and concerns. ... Couldn’t ask for a better firm that provides excellent service and a familiarity with their clients. I always recommend family and friends to AKIF CPA!!read more
Shah Hussain
Shah Hussain
03:58 01 Oct 21
Hello AKIF CPA,I wanted to share my experience with you, your team and whomever may be reading this message. My most... humble thanks to you and your team for a being such great part of my success.You have done a fabulous job for us this year, and since you took over our books (during our most devastating times) you have literally taken weight off of our shoulders.Thanks for bringing everything up to date and also providing us with numbers or as you call it consultations, ahead of time so we could seal the holes.Great work!!!Shah H.read more
Sumit Dalwadi
Sumit Dalwadi
04:57 30 Sep 21
The professionals at Akif have been absolutely amazing! Quick to answer all the questions I had and always available... to offer their guidance.read more
Calvin R
Calvin R
20:21 29 Sep 21
I recommend these guys! I will be going back next year. They made everything simple and we understood what was... happening. There we issues with our taxes due to our previous accountant and these guys fixed everything. They answered our questions and service was always with a smile.read more
Ammoria Daniels
Ammoria Daniels
02:11 16 Sep 21
We contacted Akif with an urgent matter regarding corporate taxes. Akif immediately understood what was needed and... within days had everything ready to sign. The level of service we received was amazing and unmatched. Waqar expertise in trucking industry made our situation seamless. His communication was outstanding; I heard from him daily and could have been completed sooner if I was as fast as he was 😃 Highly recommended!read more
Joe Paneitz
Joe Paneitz
18:30 18 Aug 21
What an absolute pleasure to work with this CPA firm. My business is already seeing such a positive impact and growth.... I cannot believe I didn't connect with them sooner. This firm is helping in so many ways! 5 stars is an understatement! Thank you so much for your help AKIF CPAread more
Helptest ARCpoint Labs
Helptest ARCpoint Labs
15:02 18 Aug 21
The firm is quick, responsive, and has the latest technological software. Thus far, I have been with them for 3+ years... and will continue to work with them even after relocating. They make it easy even when I'm miles away. Would highly recommend them.read more
Luz Tipaz
Luz Tipaz
16:06 13 Jul 21
Saim and his team are the best CPAs in town. I have been their client for years. All started when I needed help with... company structure with multiple companies and then accounting and Taxes. I have been very happy ever since. Thank you AKIF CPA.read more
Maria perez
Maria perez
18:31 08 Jun 21
Me and my husband have been getting all of our personal Taxes, business Taxes, monthly bookkeeping, accounting and... payroll done with AKIF CPA. Recently, we had more stuff come up and had detailed analysis done on capital gains, single family rentals (SFR) and business disposition. You will only know how great this CPA company is until you have worked with them and given them a chance. Words can’t describe our experience. AKIF CPA gets the job done every time - very reliable, professional and affordable.read more
Afnaan Amin
Afnaan Amin
22:14 02 Jun 21
Very good experience, we had unique situation in regards to cross border income as Canadians currently residing in the... US. Income on both sides of the border through completely different channels. Everything was very easy and completed timely, I also had lots of random questions and Mohammad provided top notch service along the way and even after we finished our taxes!! Highly recommended.read more
Ryan Paton
Ryan Paton
10:56 08 May 21
I moved to the USA from Canada late 2018 as part of a promotion/relocation for work. For my 2019 returns, I used an... accounting firm recommended by the local Canadian social club in my city, which was a terrible experience. They were slow to respond to inquiries and would follow up in piecemeal requests which dragged out my return process over several months, often asking for information I had already provided.For the price I paid, I vowed to find better service. I found Mohammad online and decided to reach out. Mohammad was extremely responsive, took care of my US and Canadian returns as well as my wife's business returns in a timely manner. Overall, it was a very positive experience and I would recommend him to another in my situation.read more
Tuan Vo
Tuan Vo
01:59 20 Apr 21
I relocated to Texas from Alberta, Canada and needed a CPA to help me with my cross-border taxes as I was not happy... with the CPA that I used previously. During my interviewing process to find another CPA, I had good feedback from Mohammad as he was able to answer my questions regarding my unique tax situation with expertise, and importantly to me, in a timely manner. I decided to use his services for the current tax year and I have nothing but compliments for the work Mohammad provided. If you are in need of a professional cross-border CPA, I highly recommend reaching out to Mohammad Akif.read more
See All Reviews
js_loader