10 Most Popular Cryptocurrency Tokens
Blockchain is one of the fastest-growing industries in the world. It is safe to assume that while there are hundreds of crypto projects being introduced on a daily, only a few can truly claim the top spots. Projects that have been around for a long time and boast of a fundamentally strong product have been dominating the market since forever, and rightfully so. However, the market does have a tendency to focus on the most popular cryptocurrencies and ride the wave of hype.
While most of these projects had already been among the top 10 cryptocurrencies at some point, their current standings along with sizeable communities and overall popularity earned these tokens a place in the list. Now, let us take a look at each project and review them in detail.
Most Popular Cryptocurrencies Reviewed
Dash 2 Trade (D2T)
Since volatility in the cryptocurrency industry is something that investors cannot speculate on at all, it is necessary to have a platform that one can rely on for factual data and analysis. Naturally, such a project became the need of the hour. And that is exactly when Dash 2 Trade was introduced.
Dash 2 Trade is a crypto analytic and social trading platform that has rightly garnered the attention of crypto investors worldwide. It was introduced recently in 2022 by Learn 2 Trade, which is a financial education platform with over 70,000 current members. This pre-existing user base clearly helped the project become so popularized within such a short span of time.
Dash 2 Trade has around 50K followers on Twitter already, which in itself is a major feat since the project was announced just a couple of weeks ago. Currently, in its presale phase, the popularity has surely helped the platform’s native token surge in demand. D2T has been performing greatly in its current presale phase, which may be a reflection of its widespread community.
One major problem that the industry has been facing recently has been its struggle to mitigate negative environmental effects. IMPT.io enters the space with the right product to contribute to a revolution where crypto can be looked at from a fresher perspective. It claims to be the greenest cryptocurrency, with one of the best use cases in the crypto domain at the moment.
IMPT.io is a marketplace which shall feature a wide variety of products in the future. Infact, the project has already gotten more than 10,000 brands to agree on becoming a part of the ecosystem post-launch. Users will be able to purchase products from the marketplace and be rewarded with carbon credits. Ideally, the project’s aim is to offset the carbon footprint left behind by investors.
The carbon credits won by users can then be retired or exchanged for NFTs. Naturally, such an eco-friendly platform caught the attention of several environment-friendly crypto communities and helped it spike in demand considerably. IMPT.io is also in its presale phase and has been performing splendidly even as the market continues to be bearish.
The IMPT token has been trending on several social media websites and has been mentioned on major news websites for its highly innovative and green approach.
The 2021 bull run ensured that the P2E gaming industry is here to survive and thrive. However, an increasing number of projects have been criticized recently due to developers’ sole focus on the Defi part of the game. Calvaria managed to negate this, with an excellent game ecosystem that boasts a highly creative universe.
It is actually a P2E NFT card game, which is one of the main reasons for its increasing popularity. The aforementioned universe of the game is called the Calvaria Universe and features three main plots. They include the Arcilla Divina, Miaquilia and The Void. The entire universe is built based on the theme of these three locations.
Calvaria too is one of the latest projects to be announced amidst the ongoing crypto winter. Despite this, the demand for RIA, the platform’s native token has been skyrocketing, thanks to its unique art and engaging game type.
While RIA is still in its presale phase the token has already been mentioned several times on highly reputed websites like Crypto News, Yahoo Finance, B2C etc.
As mentioned above, the P2E gaming domain has been growing at a phenomenal rate. But Tamadoge manages to stand apart from its contenders for several reasons. Firstly, the project is not only a high potential crypto but also comes with the memecoin status. Being a part of the popular Doge ecosystem, Tamadoge has managed to make its way to several major investors.
Tamadoge is a P2E game platform which is set to feature a variety of games in the future. Users can buy Tamadoge NFTs that can be fed, nurtured; or even used to battle against others after a point. Developers of the project, however, have ensured that they will constantly look for more innovative developments in the future. This will include unique ideas like Move to Earn games and more.
The popularity of Tamadoge can be traced back to its presale success. The TAMA token, which is the native token for Tamadoge was one of the fastest presales in the space this year. Within a very short span, the project had managed to raise a whopping $19 million way before its presale’s end date. This was due to its high popularity from the initial days, which was thanks to its highly fundamental products and memecoin fame.
The project has been leading on several analytical platfroms that trck popularity too. Currently, the token is available on various exchanges like OKX, Gate.io, MEXC etc and has still been seeing a steady increase in popularity as well as demand.
Battle Infinity (IBAT)
Sports fantasy leagues have increased in popularity on a drastic level in the past couple of years. Platforms like Dream 11, MPL etc have been dominating the market as leaders for quite a while now. Battle Infinity emerged as a disruptive cryptocurrency alternative to these sports fantasy league giants.
The project is the first ever Blockchain-based sports fantasy league, which is set to host a variety of sports while being integrated with the metaverse. This concept alone was enough for sports enthusiasts and crypto fans to flock to the project. Battle Infinity’s IBAT token has been on several watchlists for a while now. Popular YouTubers have also added the token to many of the videos they created recently.
As a platform created by a group of Indian professionals, similar to the popular crypto Polygon’s team, Battle Infinity is a highly talked-about project at the moment. It has excellent utility and a huge choice of sports fantasy games to be integrated soon, which makes it a great investment option too.
Anyone who has dealt with the Ethereum chain and has considered buying crypto on decentralized exchanges must be aware of Uniswap. Launched in 2018, Uniswap is currently the leading decentralized trading protocol with one of the biggest crypto communities. It is very popular for its role in facilitating the automated trading of Defi tokens.
It is an example of an Automated Market Maker or AMM and is the preferred choice for investors when it comes to buying crypto on the Ethereum chain. Uniswap is a high-potential project which is covered by almost every crypto influencer in the space. It has been featured in various articles and is constantly making headlines for various developments.
The project has also been within the top 10 cryptocurrencies for a brief period. However, it was pushed down amidst the market crash. Uniswap has over 900K followers on Twitter and has seen constant growth in terms of popularity and product development. The DEX boasts more than 1.5 million users, which itself is a statistic that showcases the platform’s popularity. UNI is the native token of Uniswap and is available on all major exchanges.
The popularity of Cosmos is something that has been born, simply due to its extremely important use case. Infact, the project is also called the most important cryptocurrency due to its functionality.
Essentially, Cosmos claims to solve some of the “hardest problems” facing the blockchain industry. By offering an ecosystem of connected blockchains, it aims to provide a solution to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, such as those used in Bitcoin.
Since its launch in 2016, developers have constantly strived to bring more value to ATOM, which is the native token of the Cosmos ecosystem. This has been reflected in the demand for the token, and its rising popularity. It is a very common sight at this point to see ATOM turn up on most of the major crypto news reporting platforms and youtube videos.
Infact, it has managed to gain a massive community with a bullish sentiment too, which has caused the token to gain decent value even during the bear market.
Shiba INU (SHIB)
When it comes to popularity, there are rarely any tokens that can compete with Shiba INU. The memecoin had managed to take the crypto community by storm back in 2021. Shiba Inu is one of the few coins that rose in price solely due to the actions of an influential figure. Elon Musk’s tweet about wanting to adopt or buy the Shiba Inu breed of dogs is what caused the creation of SHIB.
Since its launch, the project shot up in value and continued rising in price and popularity before the market crashed in mid-2021. While most of the memecoins failed to retain their value during the bull run towards the end of 2021, Shiba Inu was the only exception. Infact, it was then that it recorded its all-time high, thanks to its huge community. With a Twitter following of more than 3.6 million, Shiba Inu cannot be ignored when considering popular projects.
While the token may not have featured utility of high fundamentals during its initial days, the project’s growth has ensured that developers find ways to bring utility to the SHIB token. It has one of the biggest fanbases, which calls itself the Shiba Army and remains among the top projects when it comes to social media trends.
In 2020, Polkadot was launched as an open-source, sharded multichain protocol for connecting and securing a network of specialized blockchains, allowing them to communicate with each other on any type of data or asset, not just tokens, thus making them interoperable. Decentralized internet of blockchains, also known as Web3, was intended to be built on top of this project.
The creator of Polkadot– Gavin Wood, who was also a co-founder of Ethereum, had ambitions to make the project a truly decentralized ecosystem and has been successful with developments towards that goal. Polkadot is one of the few large-cap projects with a dedicated community. It is popular as a crypto in general but gains even more fame due to its parachain auctions, where investors have a chance to get rewards in the form of crypto.
Polkadot has a massive Twitter following of around 1.3 million and may be one of the few projects to have gained constant support from influential figures in the crypto space. It is also celebrated across platforms like Reddit and on its official telegram and boasts high engagement even during the current market scenario.
Solana was a top gainer in the 2021 bull run. This itself helped the project gain recognition on a major level. Since it shot up more than 17,000% in 2021 alone, the project gained followers at an alarming rate. Naturally, this wasn’t something that was solely built around hype. Solana exists today as one of the most efficient and pro-utility ecosystems in the crypto domain.
In essence, the Solana protocol facilitates the creation of Dapps. In addition to the underlying proof-of-stake consensus, this solution aims to improve scalability through proof-of-history consensus. Traders of all levels are interested in Solana due to its innovative hybrid consensus model. Moreover, Solana aims to focus on eventually making Defi accessible to a wider audience, which has been appreciated by a huge chunk of the community.
SOL, which is the native token of the platform currently has one of the biggest fan following. The reason for investors being so involved and dedicated to the project is mainly because of the returns it rewarded investors in the last bull run. The effects of those returns are visible even today, in the form of increasing popularity. Infact, community members have created a huge number of fan accounts and pages across the web to propagate the token and its use case.
How We Ranked the Most Popular Cryptocurrency Assets
As mentioned above, this guide aims to target highly popular projects that are not in the top leagues; for instance, the top 10 cryptocurrencies by market cap. However, every token will be a promising asset, which combines popularity and utility together. In short, the guide will aim to filter assets that are highly popular, but also have a fundamentally strong product to offer.
The popularity of the projects will be determined based on several factors. This includes:1. Size of their community across various social media platforms with respect to time of launch2. The project’s overall social media presence3. Successful events that saw high engagement in terms of investors and non-investors alike.4. Trending hashtags on popular media platforms like Twitter, Reddit, Instagram etc.5. Mention of projects on notable cryptocurrency websites like Cointelegraph, Cryptonews, Coindesk, Yahoo Finance, Business 2 Community and others
Is Investing in the Most Popular Cryptocurrencies a Good Idea?
A high virtual presence overall that includes all these points along with a sustainable ecosystem is what determines the ranking of the most popular cryptocurrency coins on our list.
This sounds like a good option. To invest in a project right when it is at the peak of popularity, and exit with handsome profits as soon as the hype starts dying out. But the recent market crash gave every investor a reality check by showing the highly volatile nature of the industry. These projects that do not feature actual utility may be attractive assets with surprisingly high returns. But it may crash just as hard, leaving investors with almost nothing.
That leads to the question – is buying the most popular cryptocurrencies a good investment? Well, this needs to be looked at from a practical perspective. Surely, popular projects will have an increased number of buyers and demand. But it is extremely important that these projects also feature use cases that have true potential going forward. Popularity may only get a project so far, but it is the sustainability of a crypto that makes it truly worth investing in.
This guide will review 10 tokens that have time and again, topped the list of most popular cryptocurrencies. However, it will not simply feature those cryptos that are already known to everyone like Bitcoin or Ethereum. Instead, it will review tokens that may be in their early phase or the ones with high potential that have also been amassing a huge community lately.
Best Platforms to Buy Popular Cryptocurrency Tokens
The most popular cryptocurrencies are available on almost every major platform. But there are some projects which are still in the presale phase. Due to this, it is essential to know where one can acquire each token from. This list below will help users find the right place to buy and store their cryptocurrencies safely.
The first 5 cryptocurrencies- D2T, IMPT, RIA, TAMA and IBAT can be purchased from the Metamask wallet. It is a decentralized wallet which can be used to interact with the respective platforms and purchase tokens. While there are other choices too, Metamask has managed to position itself as the preferred choice for projects.
For the last 5 cryptocurrencies- UNI, ATOM, SHIB, DOT and SOL, the best choice to purchase and store them would be the eToro crypto exchange. Regulated by CySec and FCA, the eToro exchange is a highly secure platform with millions of registered users globally.
Popularity isn’t the only factor that should be considered while investing in a highly volatile asset like cryptocurrencies. Popularity can surely be a contributing factor. However, it is more important to consider if the project will actually be able to provide solutions or some product of actual value to potential users. Such projects are likely to succeed in the upcoming months and are clearly the best investment options too.
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FAQs on Popular Cryptos
Will all popular cryptocurrencies have massive returns?
While it may be possible for popularity to drive up prices to a certain extent, it is often not a sustainable move. Investing in high-value projects instead of simply popular options is always a better idea.
Can popular crypto-presales be profitable?
Yes. Investing in a popular crypto-presale that has been performing well can be a good option to make great profits. However, it is always advisable to research the respective project before parking funds.
What platforms are used to popularize a particular crypto project?
Social media platforms of all types can be leveraged to increase the popularity of a token. Twitter, Reddit, Youtube, Instagram, Telegram, Facebook etc are some of the many options when it comes to creating buzz around cryptocurrency projects.