With the rise of Bitcoin and the increasing popularity of cryptocurrency, the market has seen the emergence of several alternative coins, or altcoins, that are competing for investors attention. In this video, we'll be counting down the top 10 altcoins as per their market cap. Starting off our list at number 10, we have Binance Coin. Market cap $40 billion. Binance Coin is a cryptocurrency that was launched by the Binance Exchange in 2017. It is used to pay for transaction fees on the exchange and can also be used for other services on the platform. It has seen a meteoric rise in price in the past few years. At number 9, we have Solana. Market cap $41 billion. Solana is a blockchain platform that aims to be faster and cheaper than Ethereum. It has a strong development team behind it. Solana is a high-performance blockchain that is designed to handle large-scale decentralized application. It uses a unique consensus mechanism called Proof of History to achieve faster transaction speeds and lower costs. Coming in at number 8, we have Dogecoin. Market cap $53 billion. Dogecoin is a meme-inspired cryptocurrency that started as a joke but has gained a large following due to its viral marketing and celebrity endorsements. It has also been used for charitable causes, such as raising money for clean water and developing countries. At number 7, we have Cardano. Market cap $78 billion. Cardano is a blockchain platform that aims to offer a more sustainable and scalable approach than existing blockchain networks. It has a strong development team behind it and has partnerships with several major companies. Moving on to number 6, we have Polkadot. Market cap $83 billion. Polkadot is a blockchain platform that allows for cross-chain interoperability. It aims to solve the issue of blockchain fragmentation and has seen significant growth and value over the past year. At number 5, we have XRP. Market cap $90 billion. XRP is a cryptocurrency that was created by Ripple and a payment protocol that is designed to facilitate fast, low cost, and secure cross-order payments. It has gained traction in the financial industry due to its ability to settle transactions in seconds. It has partnerships with several major banks and financial institutions. Coming in at number 4, we have Binance USD. Market cap $103 billion. Binance USD is a stablecoin that is pegged to the value of the US dollar. Binance Coin is the native token of the Binance Exchange, which is one of the largest cryptocurrency exchanges in the world. It is used to pay for trading fees and can also be used for other services on the platform. At number 3, we have USD Coin. Market cap $120 billion. USD Coin is a stablecoin that is pegged to the US dollar, meaning its value is designed to remain constant relative to the US dollar. This makes USD see a reliable store of value and an attractive option for those looking to transfer funds internationally without the volatility of traditional cryptocurrencies like Bitcoin. It is issued by Circle, a peer-to-peer payments technology company. In partnership with Coinbase, a cryptocurrency exchange platform. Coming in at number 2, we have Tether. Market cap $68 billion. Tether is a stablecoin that is pegged to the value of the US dollar. It was created to provide stability in the cryptocurrency market by offering a digital asset that maintains a 1-to-1 ratio with the US dollar. Tether is often used as a means of trading cryptocurrencies without having to go through the traditional banking system. It has become one of the most popular stablecoins in the market and is used on many cryptocurrency exchanges. And finally, at number 1, we have Ethereum. Market cap $470 billion. Ethereum is the second largest cryptocurrency by Market cap and is the leading platform for decentralized application. It has become the foundation for the DEFI space and has also been used for initial coin offerings. It has a strong development team behind it and that's a wrap on our top 10 altcoins by Market cap. Remember, cryptocurrency is a highly volatile market and these rankings can change rapidly. It's important to conduct your own research before investing in any cryptocurrency. Thanks for watching and we'll see you in the next video.