10 crypto tokens that are rising alongside bitcoin

Brian McGleenon
Updated ·4-min read

Bitcoin (BTC-USD) recently hit a new all-time high, surpassing $99,580 over the weekend, setting the stage for a renewed wave of excitement in the cryptocurrency market.

As the original and most valuable cryptocurrency leads the charge, other coins have also witnessed significant activity, driven by increased investor confidence and market momentum.

Read more: Crypto live prices

Below is a look at the top 10 cryptocurrencies performing well, showcasing their market trends and potential for further growth.

Bitcoin remains the undisputed leader, with a market capitalisation now exceeding $1.8tn (£1.43tn). Its price surge of nearly 159% year-over-year reflects a growing acceptance of bitcoin as a store of value amid macroeconomic uncertainty.

Created in 2009 by the pseudonymous Satoshi Nakamoto, bitcoin’s proof-of-work consensus mechanism continues to secure its network and attract institutional and retail investors alike.

Read more: Bitcoin soars close to $100k as Trump election rally continues

Despite criticisms over energy use, bitcoin’s dominance remains unmatched, with its price hovering around the $97,800 mark.

Ethereum (ETH-USD), the second-largest cryptocurrency by market cap, has also enjoyed robust growth, bolstered by its role as the backbone of decentralised finance (DeFi) and non-fungible tokens (NFTs).

With a market cap of $392.4bn (£311bn), ether’s price has risen to around the $3,500 mark, representing a 53% increase over the past year, according to Coingecko data.

Developers remain drawn to its smart contract capabilities, while its upgrades, including the transition to proof-of-stake, have enhanced scalability and energy efficiency.

Solana (SOL-USD) has emerged as a major winner in the altcoin space, leveraging its high-speed and low-cost blockchain to attract developers and users alike. With a market cap of about $120bn (£78.89bn), Solana’s price has surged to $251 marking an astonishing 239% year-over-year return.

Read more: Will bitcoin hit $100,000 before Christmas?

Its unique hybrid proof-of-stake and proof-of-history mechanisms have made it a favourite for decentralised applications (DApps) and DeFi projects, despite occasional network outages that critics highlight.

Binance coin (BNB-USD) continues to gain as the native token of Binance, the world’s largest cryptocurrency exchange. Trading at $667, BNB has risen 184% since this time last year, with a total market cap of $85.8bn.

Dogecoin (DOGE-USD), which began as an internet meme, has defied expectations to become a top cryptocurrency market performer. Its loyal community and celebrity endorsements have fuelled its rise, with its price now at $0.42, a staggering 434% increase year-over-year.

Another high-market-cap cryptocurrency in the memecoin category is shiba inu (SHIB-USD), ranked 12th by market capitalisation. Over the past year, its price has surged by an impressive 179%, solidifying its position as a prominent player in the digital asset space.

The memecoin sector has experienced remarkable growth over the past year, with standout performances capturing market attention. One notable example is pepe (PEPE-USD), which has skyrocketed by an extraordinary 1,625% in the same period.

Ripple’s (XRP-USD) has experienced a mixed year, its market cap of $82.9bn reflects its resilience amid ongoing regulatory scrutiny. XRP's ability to facilitate fast and cost-effective cross-border payments continues to drive its use case, particularly in traditional financial systems. The token is now priced at $1.46.

Cardano (ADA-USD) has held its ground as one of the most energy-efficient blockchains, thanks to its early adoption of the proof-of-stake consensus mechanism. Trading at $1.03, cardano has seen growth, with a 160% year-over-year price increase. Cardano's focus is on scalability and smart contracts, which keeps it relevant as a competitor to ethereum.

Tron (TRX-USD) has also gained traction, with its market cap reaching $18.2bn. The platform’s focus on DeFi and entertainment applications has driven its adoption, with its price climbing to $0.21, a 85% increase over the past year. Tron's efficient proof-of-stake consensus mechanism and active development community make it a strong contender in the blockchain space.

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