Here are the 10 Cryptocurrencies with the Largest Market Capitalization

In recent years, cryptocurrencies have seen a surge in popularity in various countries, including Indonesia. This new form of currency has been driven by rapid advancements in digital technology.

One cryptocurrency quite familiar to the public today is Bitcoin (BTC). According to Coinbase data, Bitcoin's market capitalization was Rp 18,252.3 trillion on September 9, 2021. This is the largest compared to other cryptocurrencies. In fact, Bitcoin's capitalization is higher than Indonesia's 2020 Gross Domestic Product (GDP), which was only Rp 15,434.2 trillion.

The cryptocurrencies with the second-largest market capitalization are Ethereum (ETH) and Ethereum 2 (ETH2), each at Rp 8,094.9 trillion. This is followed by Binance Coin (BNB) with a capitalization of Rp 1,536.1 trillion, Solana (SOL) at Rp 1,057.4 trillion, and Cardano (ADA) at Rp 1,030.8 trillion.

Next, XRP has a market capitalization of Rp 853.1 trillion, Polkadot (DOT) Rp 743.6 trillion, Dogecoin (DOGE) Rp 535.3 trillion, and Shiba Inu (SHIB) has a market capitalization of Rp 444.6 trillion.

During the Covid-19 pandemic, cryptocurrencies became a very lucrative investment alternative, especially amidst a sluggish global economy. Therefore, individuals familiar with digital currencies gained significant profits from cryptocurrency mining.

(read: [Trend Adoption of Cryptocurrency in the World, How About Indonesia?](https://katadata.co.id/ariayudhistira/analisisdata/613b6c1d8a22d/tren-adopsi-uang-kripto-di-dunia-bagaimana-indonesia))