Popular types of cryptocurrencies


  1. DeFi (decentralized finance)
  2. NFT
  3. Utility tokens
  4. Store of value tokens (e.g. Bitcoin, Litecoin)
  5. Yield farming tokens (e.g. Aave) 

Most popular cryptocurrencies

Bitcoin (BTC)

  • 21 million BTC limit
  • THE currency of the Internet in less than 10 years (when there are fewer scammers)
  • global currency payment 
  • if you bought $100 in 2009, at its all-time high it would have $58 million 
  • by Satoshi Nakamoto in 2009, became popular in 2017 
  • no single place in the world to shut it down
  • every other cryptocurrency price is dependent on Bitcoin’s price 
    • it it crashes, everything else crashes

Ethereum (ETH)

  • process transactions faster than Bitcoin
  • up 35,000% since inception

Tether (USDT)

  • called a stablecoin and is anchored at $1 per coin
  • tied to USD
  • acts as a medium when traders move from one cryptocurrency to another

Binance Coin (BNB)

  • issued by Binance, one of the largest crypto exchanges in the world
  • can now be used for payments as well as purchasing various goods and services
  • originally created as a token to pay for discounted trades


  • Like Tether, its value should not fluctuate
  • backed by fully reserved assets


  • useful in cross-border transactions

Terra (LUNA)

  • currency Luna
  • a platform that helps backstop a range of stablecoins based on real currencies such as the dollar or euro
  • helps stabilize the price of stablecoins through various technical means
  • supports smart contracts

Cardano (ADA)

  • technologically superior
  • Created by the co-founder of Ethereum
  • currency: ada
  • cryptocurrency platform behind ada
  • also uses smart contracts to enable identity management

Solana (SOL)

  • currency SOL, capped at 480 million coins
  • launched in 2020
  • speedy transactions 

Avalanche (AVAX)

  • users can process transactions in the native AVAX token
  • fast and low-cost smart contracts-based blockchain platform
    • building decentralized apps and facilitating the creation of custom blockchains

Polkadot (DOT)

  • Launched in May 2020
  • connects the technology of blockchain from many different cryptocurrencies
  • A co-founder of Ethereum is one of Polkadot’s inventors


  • newer algorithm 

Binance USD (BUSD)

  • dollar-backed stablecoin from top crypto exchange Binance
  • launched in 2019
  • regulated by the New York Department of Financial Services
  • runs on top of the Ethereum blockchain