As of August 2024, the top 3 cryptocurrencies by market capitalization are:
1. **Bitcoin (BTC):** The very first and most widely identified copyright, Bitcoin continues to be the largest by market place capitalization. It really is normally noticed for a electronic retail outlet of price, much like gold.
2. **Ethereum (ETH):** Ethereum is the 2nd-largest copyright and is noted for its smart deal functionality, which permits decentralized applications (copyright) to operate on its blockchain.
3. **Tether (USDT):** cryptocurrencies Tether is the biggest stablecoin, pegged for the U.S. greenback, which is widely employed for trading and transferring value across diverse copyright exchanges.