The cryptocurrency market is considered an ambiguous market in the absence of laws that protect investors, especially young and novices, in case they are exposed to fraud.

Cryptocurrency exchanges are also not subject to any regulatory laws, and their operations lack transparency.

Therefore, fraud and breaches of privacy are common, and investors are not fully protected from fraud or losses.

In the same vein, digital currencies are part of a new, rapidly developing industry that is subject to a high degree of uncertainty.

Also, most cryptocurrencies are not backed by a central bank or a national or international organization, but rather their value is determined by market transactions, and this may mean that a loss of confidence can lead to a collapse and a sharp decline in the value of your investments in cryptocurrencies.

Despite all these risks, investors are still pumping nearly a trillion dollars to invest in cryptocurrencies, and in this report we review the trading of the top 10 currencies through the platforms in terms of trading volume, but before you invest in this field, make sure that you are ready to bear any losses.

Referring to a report published by Yahoo Finance today, we find that the 10 largest cryptocurrencies in terms of trading are:

1. Bitcoin: The No. 1 Cryptocurrency in the Market That Still Dominant

After Bitcoin, which was the first major digital alternative to fiat currency, dominated the entire crypto market, investing in it became important, as it today holds a market share of 42.5% of the crypto industry.

It has been adopted by large hedge funds and major investors for the past 12 months.

With each passing month, businesses in fashion, real estate, automobiles, travel, e-commerce, and even governments around the world (such as El Salvador and the Central African Republic) are turning to Bitcoin, where it is used in digital stores of value, is instantly transferable, and is considered tamper-proof.

Bitcoin, which has been the bedrock of the cryptocurrency revolution, is likely to drive the bull markets in the future, which makes it one of the best cryptocurrencies to buy for a long-term ROI.

2. Ethereum: The Most Used Crypto Network

Without Ethereum, much crypto would not have happened, as the network powers the largest market of non-fungible tokens by trading volume, as well as the largest decentralized exchange, the largest monetized metaverse, and the top 20 cryptocurrencies, such as “ Polygonal and Dogecoin to this network.

Ethereum is the largest crypto smart contract platform, and the second largest cryptocurrency by market capitalization.

Although it has been subject to high fees and slow processors in recent months, this may change by the end of this year and enjoy minimal fees.

3. Tether (USDT)

A digital currency issued by Tether Limited and owned by BitFinex.

This coin has been issued on many blockchain platforms including: Ethereum, Binance, Tron, Bitcoin and others.

Tether Limited assures that each Tether coin in circulation is backed by at least $1 from its reserves, and users can redeem this coin for dollars at any time.

Tether is one of the many “stablecoins” in the cryptocurrency ecosystem.

4. BINANCE USD

It is the original currency of one of the largest cryptocurrency exchanges in the world.

It is focused on bringing cryptocurrency exchanges to the forefront of financial activity on a global basis.

Although it seems that it is currently suffering because almost all cryptocurrency exchanges are suffering due to declining crypto values, it has proven to be a more profitable investment than many other cryptocurrencies in the market.

5.USD Coin (USDC)

When the price of TERRA UST fell, most investors became skeptical about investing in stablecoins.

USDCoin can be used for several purposes as it not only provides protection against volatility but is also accepted on many exchanges for payment purposes.

6. Rebel (XRP)

Ripple is not just a digital currency, it is basically a company with a digital payment processing system, and it has another name: XRP which is similar to Bitcoin, but Ripple’s blockchain system is very different, in addition to the fact that the currency is owned by Ripple.

Ripple's infrastructure is designed to speed up transactions and align them with banks, so it is a more popular option for large financial institutions.

Ripple digital assets can, in theory, settle a payment in 4 seconds, and process 1,500 transactions every second.

7. CARDANO

Even after market volatility, Cardano has not lost its reputation as an active blockchain venture.

It is one of the fastest growing cryptocurrencies and also has the largest “blockchain” to successfully use the Proof of Stake consensus mechanism which is less power consuming than the Proof of Work algorithm XRP.

XRP, the original token for the Ripple network, offers a cheaper and more efficient alternative to the popular SWIFT system for processing international transactions.

It operates independently of Ripple's economy, although the latter uses it for different purposes.

8. Solana

Solana is known as one of the most popular and widespread digital currencies compared to more than 10 thousand currencies currently in the market.

This coin was created by Anatoly Yakovenko on a decentralized computer network, using the famous blockchain database, which manages and tracks currency data and records all transactions made on it.

The database also verifies the integrity of all data that takes place on the currency, and this decentralized system had a great credit for making the currency more powerful and effective, as the user will not need any intermediary to conduct his transactions using this currency.

Solana billed itself as the fastest blockchain currency in the entire world, and it has proven its ability to perform 65,000 transactions per second, at a cost of less than a penny per transaction.

9. Dogecoin

This coin rose for a short period of time when Elon Musk announced his acquisition of Twitter.

It's quite a volatile cryptocurrency, given that one hint from Musk is making it move violent, and because he might add it to Twitter's payments system, it may soon regain market dominance.

10. Avalanche

She was the rising star of the cryptocurrency market before the crash started.

In 2021, it recorded a massive growth of at least 4500%, outperforming many major cryptocurrencies.

Since it is also in a similar position to the rest of the cryptocurrency, it has not seen any massive declines.

However, its current position has been predictable since the entire crypto market plummeted.