Meet our cryptos: An A to Z of all Cryptocurrencies available on XBO.com
Choosing which cryptocurrencies to include on the XBO.com platform is no simple task.
Our mission is to provide our users with access to some of the breakthroughs being made in blockchain technology, based on a variety of criteria. Our scoring system evaluates potential candidates based not only on market capitalization, but also on intriguing initiatives, the potential for growth and disruption in their respective sectors, and the growth rate and vibrancy of each currency’s community.
More exciting cryptocurrencies will be introduced in the near future!
None of this, however, constitutes investment advice and you must conduct your own research. To begin, we urge you to check out the educational resources on our blog. For a guide on evaluating cryptocurrencies to include in your portfolio, have a look at "Selecting Altcoins with Potential."
Also keep an eye on this space, as we will soon be providing deep dives into each currency available on the platform.
Apecoin (APE) is an ERC-20 currency issued on the Ethereum blockchain. It was inspired by Yuga Labs’ Bored Ape Yatch Club. It lets users participate in the ApeCoin DAO and functions as a decentralized currency within the APE ecosystem. ApeCoin recorded significant gains in August 2022 as a result of Yuga Labs's decision to make the Otherside metaverse project accessible to a small group of users. In the same month, designer company Gucci announced it would expand its crypto payment options to also accept ApeCoin tokens for in-store transactions.
APE reached an all-time high of $26.70 in late April 2022 but traded as low as $3 in November 2022. There are currently 307 million tokens in circulation out of a maximum supply of 1 billion.
Check the price and market cap of APE today.
AVAX is the native token of Avalanche, which is an open-source platform for creating decentralized finance apps and enterprise blockchain deployments. Avalanche’s innovative architecture allows it to have a larger transaction output of up to 6,500 transactions per second while preserving scalability. Avalanche developers can design apps and unique blockchain networks with complicated rulesets, or they can build on existing private or public subnets. AVAX is a hard-capped asset that is used to pay fees, secure the platform through staking, and serves as a unit of account amongst the Avalanche subnets. It is reported to be quick, inexpensive, and eco-friendly.
AVAX reached an all-time high of $146 in November 2021 but changed hands for $12 in November 2022. It has a circulating supply of 300 million out of a maximum supply of 720 million.
Check the price and market cap of AVAX today.
The Bitcoin blockchain's native asset (BTC) is the first and biggest decentralized cryptocurrency. It is a peer-to-peer, permissionless, censorship-resistant settlement network based on distributed consensus and protected by encryption through a proof-of-work mechanism. BTC is the world's first digital currency without a central bank or administrator; it was designed to enable low-cost, direct internet payments between parties without the need for a financial institution. The quantity of Bitcoin is limited to 21 million coins, which are generated via a process known as mining.
From a fraction of a dollar few years ago, the price for one BTC reached $69,000 in mid-November 2021. There are already 19.2 million coins in circulation today with the maxim
Check the price and market cap of BTC today.
Binance USD (BUSD)
Binance USD (BUSD) is a stablecoin issued in the form of Ethereum ERC-20 tokens and backed 1:1 by USD stored in US bank accounts controlled by Paxos. It aims to allow users to trade with blockchain-based assets while minimizing price risk. The New York State Department of Financial Services (NYDFS) has only approved the issue of three stable coins, one of which is BUSD.
Trade BUSD – Simply and securely, with XBO.com.
Binance Coin (BNB)
BNB is an exchange-based token issued by the largest centralized cryptocurrency exchange (CEX), Binance. Having started as an Ethereum ERC-20 token, BNB migrated to the Binance blockchain, becoming its native token. The token employs a coin burn deflationary process to remove coins from circulation, which has resulted in a significant increase in the asset’s price and market cap. Binance has stated that it intends to remove from circulation half of the total supply of BNB through this process and has already burned around 20% of the initial 200 million supply.
BNB traded as high as $690 in May 2021 and as low as $186 in June 2022. 80% of its maximum supply is already in circulation.
Check the price and market cap of BNB today.
ADA is the native coin of Cardano, an open-source platform for smart contracts. Cardano employs the Ouroboros Proof-of-Stake (PoS) consensus algorithm to protect the network and control block generation. The blockchain has finally finished the long-awaited Vasil hard fork, which promises to improve its network by making it easier to scale, more efficient, and cheaper.
ADA reached an all-time high of $3.10 in September 2021. From a maximum supply of 45 billion coins, 35 are currently in circulation.
Check the price and market cap of ADA today.
MANA is the official currency of Decentraland, a decentralized blockchain-based virtual world. Users of the Ethereum-based platform can share experiences and monetize content and applications. MANA is an ERC-20 token used for governance and to purchase avatars, wearables, and other game items in the Decentraland marketplace. MANA can also be burned to acquire the platform’s non-fungible ERC-721 LAND token.
The price of MANA reached an all-time high of $5.90 in November 2021. There are currently close to 1.9 billion tokens in circulation.
Check the price and market cap of MANA today.
Dogecoin has been one of the most enduring meme coins since its introduction on Twitter at the end of 2013. In addition to poking fun at serious crypto maximalists, Dogecoin was aimed at newcomers as an alternative to Bitcoin, which was gaining unfavorable publicity at the time due to its link with shady online services. Its substantial price gains in 2021 were attributed to promotional efforts by the Reddit subreddit r/SatoshiBets, celebrities like Snoop Dog and Marc Cuban, and tweets from Elon Musk, who continues to support the cryptocurrency.
DOGE is the second largest proof-of-work coin after BTC. It reached an all-time high of 74 cents in May 2021 and has a circulating supply of 133 billion.
Check the price and market cap of DOGE today.
Ethereum PoW (ETHW)
Ethereum PoW (ETHW) is a fork of the Ethereum blockchain (ETH). While ETH has migrated to a Proof-of-Stake (PoS) consensus process, which decreases energy requirements but increases centralization, ETHW uses the same Proof-of-Work (PoW) mechanism as Bitcoin. The prohibitive expense of PoW's energy requirements safeguards the network's integrity against censorship.
ETHW has a circulating supply of 107 million.
Check the price and market cap of ETHW today.
ETH is the native token of Ethereum, a decentralized, open source blockchain platform for computing that introduced smart contracts and decentralized apps. Ethereum was the most significant advancement in blockchain technology since Bitcoin's inception, enabling the development of innovations such as DeFi and NFTs. Ethereum has its own ERC20 standard for producing new coins; most existing cryptocurrencies originated as ERC20 tokens before migrating to their own network.
The price of ETH reached $4,900 in November 2021. With a circulating supply of 123 million, Ether is the altcoin with the greatest market cap by far, its market dominance reaching close to 20%.
Check the price and market cap of ETH today.
Polygon (previously Matic Network) is a decentralized platform that enables developers to build decentralized apps (dApps) and connect Layer-2 infrastructures on top of the Ethereum network, thereby transforming it into a fully functional multi-chain system (a.k.a. the Internet of Blockchains). Like Polkadot, Cosmos, and Avalanche, it benefits from Ethereum's security and environment. Polygon is not an independent blockchain because it runs on the Ethereum network. Nevertheless, it can process transactions rapidly and with consistently low transaction fees. MATIC is a Proof-of-Stake (PoS) coin used to secure and administer the network.
MATIC reached an all-time high of $2.92 at the end of 2021. 87% of the token’s maximum supply of 10 billion is already in circulation.
Check the price and market cap of MATIC today.
Ripple (XRP) is the native cryptocurrency of the XRP Ledger, an open-source and decentralized cryptographic ledger. Micropayments and DeFi are two of the current use cases for XRP, which intends to accelerate and reduce the cost of money transfers between financial institutions. Ripple has been engaged in a long-running legal battle with the Securities Exchange Commission (SEC), through which its community (also known as the “Ripple army”) has demonstrated its resiliency. The court case may be suppressing the price of XRP.
XRP’s circulating supply is 50 billion units; just half of the 100 billion maximum supply. The price reached an all-time high of $3.30 in January 2018, temporarily making its co-founder and executive chairman one of the top 5 richest people!
Check the price and market cap of XRP today.
Solana also provides developers with a platform with which to create decentralized applications (dApps). Solana applications include decentralized finance (DeFi), non-fungible tokens (NFT), marketplaces, games, and e-commerce, making it an apparent rival to smart contract platform Ethereum. SOL differs from other cryptocurrencies in that its consensus process combines Proof-of-Stake (PoS) with a new timestamp technique called Proof-of-History (PoH), developed by Solana's primary founder Anatoly Yakovenko. Despite multiple outages, it enjoys widespread crypto community support and a high level of speed and performance.
SOL reached an all-time high of $260 in November 2021, more than 100 times its initial price in January of the same year.
Check the price and market cap of SOL today.
The tez (XTZ) is the native cryptocurrency of the open-source, multi-purpose Tezos blockchain that enables peer-to-peer transactions and the deployment of smart contracts. Proof-of-Stake is used in the Tezos network to reach consensus. The on-chain governance system of Tezos requires that a proposed update be approved by the community before the protocol can be changed.
XTZ reached an all-time high of $9.18 in October 2021. There are currently 916 million tokens in circulation.
Check the price and market cap of XTZ today.
The Sandbox (SAND)
The Sandbox is a virtual environment in which users may create and monetize their assets and experiences using SAND, the platform's utility token, as well as non-fungible tokens (NFTs). Due to their conceptual similarities, analysts frequently draw comparisons between Sandbox and Roblox. In Sandbox, however, users own the virtual world assets using NFTs. Then, landowners can host contests and events, bet SAND to buy and customize assets, take part in metaverse government, play games, and more.
SAND was trading as high as $8.44 in November 2021. There are currently 1.5 billion tokens in circulation out of a maximum supply of 3 billion.
Check the price and market cap of SAND today.
Tron is a versatile platform for smart contracts that can be used to design and deploy decentralized applications (dApps). It employs a consensus mechanism based on delegated proof of stake (DPoS), which enhances performance while maintaining full decentralization and censorship resistance. TRON is well known for its low transaction costs in comparison to other Layer-1 alternatives. The TRON blockchain just passed 4 billion transactions, but not enough developers are using it for it to be seen as a serious competitor to Ethereum.
Tron has a circulating supply of 92 billion and reached an all-time high of 29 cents in January 2018.
Check the price and market cap of TRX today.
USDT is a stablecoin issued by the Hong-Kong based company Tether. It is collateralized by cash and gives users the benefits of transacting with blockchain-based assets while reducing price risk. Stablecoins allow users who do not have access to USD to send and receive money. USDT contributed significantly to the 900% increase of crypto remittances observed in 2021, with the majority originating from Latin America. Tether primarily trades 1:1 with US dollars held in bank accounts and is issued on the Ethereum and Bitcoin blockchains. Tether claims that USDT is backed by equal reserves in U.S. dollars but has been under scrutiny for not meeting new transparency reporting requirements. Tether announced on October 13 that it has replaced the remainder of all its commercial paper investments in its reserves with U.S. Treasury Bills.
USDT is the largest stablecoin by a wide margin with a circulating supply close to 70 billion and the third largest cryptocurrency by market size.
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UNI is the governance token of Uniswap, an Ethereum-based decentralized exchange (DEX). It enables users to exchange Ethereum tokens without an account or fees. DEXs do not hold customer funds. Instead, users are held accountable via blockchain-stored smart contracts. The primary advantage of a DEX is that there is no exploitable single point of failure. In a second investment round led by Polychain Capital Funds, Uniswap raised $165 million in 2022 to promote Web3, DeFi, and NFT market activities.
UNI reached an all-time high of $45 in May 2021. There are currently 762 million tokens in circulation out of a maximum supply of 1 billion.
Check the price and market cap of UNI today.
USD Coin (USDC)
USDC is an open source, smart contract-based stable coin. It is issued by peer-to-peer payments technology company Circle, and managed by Centre, a consortium founded by Circle and cryptocurrency exchange Coinbase. Stablecoins enable the hedging of price volatility while trading with blockchain-based assets. Following the failure of algorithmic stablecoin Terra, Circle released its reserves report, which showed that USDC reserves contain $42.3 billion in US Treasury securities and $12.2 billion in cash deposits.
USDC has a current market cap of $44 billion. In theory, the supply is limitless, as new coins are minted in response to demand.
Buy USDC – Simply and securely, with XBO.