According to Accenture research titled "Digital Assets: Unclaimed Territory," as many as 52 percent of Asian investors have invested in digital assets. After equity, fixed income, cash equivalents, and real estate, digital asset investment trends are the fifth most popular investment.
Meanwhile, Indonesia is ranked first in the Asian market as the country with the most popular digital asset investment trend, with a total of 86 percent. According to the data, 72 percent of Indonesian investors have invested, and 14 percent are considering doing so.
Even though the crypto market has been cold since the beginning of 2022, the number of coins that entered at the start of the year has not decreased. As of January 1, 2022, the total number of crypto coins and tokens was 16,238. As previously stated, the crypto market has grown by approximately 3,555 new digital assets.
The number of cryptocurrencies is growing over time, indicating how many cryptocurrency enthusiasts there are today. According to the Coinmarketcap.com website, the following are the ten largest crypto coins in terms of market capitalization.
1. Bitcoins (BTC) (BTC)
Satoshi Nakamoto developed Bitcoin (BTC) in 2009. BTC participates in the blockchain system, which is a technology for storing digital data that records all transactions in cryptography.
BTC is the most promising crypto coin, according to Analytics Insight, and is expected to be the most purchased coin in 2022. El Salvador, for example, has made Bitcoin legal tender.
Year after year, the price of Bitcoin has risen dramatically. Bitcoin was worth around $500 or Rp in May 2016. As of June 1, 2022, one BTC is worth around $29,700 or Rp. The calculated growth rate from 2016 is more than 5,800 percent.
According to Coinmarketcap.com, the price of the BTC coin is currently $ 20.3 thousand, or approximately Rp. As of Monday, (20/6), the stock was worth 300.9 million and had dropped 23.63 percent in the previous week. Meanwhile, Bitcoin continues to have the world's largest market capitalization, with a value of $391 billion dollars, or IDR 5.7 quadrillion.
2. Ethereum (ETH) (ETH)
Vitalik Buterin launched Ethereum in 2014 with a crypto token called ETH. According to Forbes.com, Ethereum is popular among developers because it is the most comprehensive smart contract platform. ETH is also the home of crypto technologies such as DeFi, NFTs, meme coins, and even dApp technologies.
According to Analytics Insight, ETH is the most promising crypto after Bitcoin because it has been able to survive the crypto market turmoil and has provided investors with a Return on Investment (ROI) of more than 650,000 percent.
As of Monday (20/6), the ETH price is trading at $1.097 thousand dollars or IDR 16.2 million. It should be noted that the price of ETH has increased by 16,300% since April 2016, when it traded for $ 11 or IDR per coin. It currently has a market capitalization of $136.54 billion dollars, or approximately Rp.2.02 thousand trillion, and ranks second only to Bitcoin.
3.Tether (USTD) (USTD)
RealCoin, a cryptocurrency, was launched in July 2014. Then, in November, RealCoin changed its name to Tether, and in February 2015, a company called Tether Ltd began trading with a token called USTD.
The goal of USTD is to facilitate cryptocurrency transactions using fiat currency exchange rates such as US dollars or Euros. Because USTD has a one-to-one relationship with the US dollar, it can be considered a stable crypto coin.
On Monday (20/6), the price of one USTD was reported to be $0.99 or IDR 14.6 thousand. Tether's market capitalization of $ 67.84 billion dollars, or equivalent to Rp, currently ranks third among the world's largest crypto market capitalizations. 1.05 quadrillion with a $ 56.12 billion trading volume
4. US Dollar Coin (USDC)
Circle, a payment technology company, first introduced USD Coin and its token, USDC, in September 2018. USDC, like Tether, is part of the stablecoin network and has a one-to-one exchange rate with the US dollar. However, in terms of auditing and regulation, USDC is said to be safer to use. USDC adheres to US regulations and collaborates closely with banks and auditors to be audited monthly.
The USDC price is trading at $ 1 or the equivalent of IDR 14,850 per Monday (20/6), according to Coinmarketmap.com. Its market capitalization is $55.89 billion USD or IDR 828.7 trillion, with a 24-hour trading volume of $5.97 billion USD or IDR 88.5 trillion.
5. The Binance Coin (BNB)
Binance coin is a cryptocurrency coin issued by the Binance company in 2017 that is traded with the BNB token. This coin could initially only be used on the Binance platform. However, the function has evolved and it can now be traded or exchanged for other cryptocurrencies.
BNB is one of the most popular crypto coins in the world, with a five-year ROI of over 200,000 percent. The BNB price was only $0.10 or Rp.1,482 in its first trade. However, the price has now risen by around 300,000 percent, with a coin costing around $300 or Rp.4.4 million in early June 2022.
In today's trading, the price of BNB was $208.04 USD, or approximately IDR 3.08 million. Meanwhile, its market capitalization has risen to $ 34.97 billion, or the equivalent of Rp. 515.5 trillion and is the world's fifth largest cryptocurrency by market capitalization, trailing only USD Coin.
6. USD Binance (BUSD)
Binance USD, also known as BUSD, is a stablecoin launched in September 2019 by the Binance company and the blockchain company Paxos Trust. BUSD, like USDC or USDT, has a value comparable to that of a fiat currency, namely the US dollar.
Since the launch of Coindesk.com in 2019, the price of BUSD has not changed at all until the global pandemic hits the financial markets in 2020. BUSD was recorded as reaching a high of $1.11 or IDR 16,457 on March 11, 2020 and falling to a low of $0.88 less than 24 hours later.
In today's trading, the price of BUSD is $1 or IDR 14,867.00. Meanwhile, with a total market capitalization of $ 17.21 billion dollars, or the equivalent of Rp, BUSD is ranked sixth. 255.1 trillion dollars
7. Cardano (ADA) (ADA)
Cardano was created in 2015 by Charles Hoskinson, the founder of the Ethereum blockchain. In 2017, he launched his main platform and token, ADA.
According to Forbes.com, the ADA token has grown relatively slowly in comparison to other crypto coins. The ADA coin costs $0.55 or Rp as of June 1, 2022. 8,154.85. This figure has only increased by 2,650% since the initial trading price in 2017, which was $0.02 (roughly Rp).
In the meantime, its market capitalization is $16.23 billion (IDR 240.6 trillion). The ADA coin is currently trading at $ 0.47 or IDR 6,968.00 per coin as of Monday (20/6).
8. Ripple (XRP) (XRP)
Ripple was launched in 2012 by Ripple Labs Inc., a technology company, with a token called XRP. At the start of 2017, one XRP was worth $0.006, or the equivalent of IDR 88.9 silver. The price then reached $0.40 on June 1, 2022, representing a gain of more than 6,400 percent since the beginning of 2017.
On Monday's trade (20/6), the price of the XRP coin was $ 0.318 or IDR 4,714.99. Meanwhile, its market capitalization is $15.73 billion dollars or IDR 233.23 trillion, ranking it eighth in June 2022 as the crypto coin with the highest market capitalization.
9. Solana (SOL) (SOL)
Solana is one of the crypto coins that has grown exponentially in the two years since its release in 2020. Solana, with its token SOL, is clearly included in the list of the top ten crypto coins by market capitalization.
It is known that the price of SOL has increased by 5,100% as of June 1, 2022, and is now worth $ 40.58 or Rp. 601 thousand from the initial trading price in 2020, which was only worth $ 0.77 or Rp. 11.4 million
Meanwhile, SOL's ROI has reached 18,000 percent, and it has the ninth largest market capitalization of $11.67 billion dollars or IDR 173 trillion as of Monday (20/6).
10. Dogecoin (DOGE) (DOGE)
At first, this digital currency was just a joke created by software engineer Billy Markus to mock other digital currencies, specifically Bitcoin. Dogecoin, which has the face of a Shiba Inu dog, was first introduced on December 6, 2013 with the DOGE token.
DOGE's growth has been increasing year after year in its development. Even at the start of 2021, the growth rate had surpassed 5000 percent. Elon Musk became a major supporter. During the launch of Katadata.co.id, Tesla's CEO stated that DOGE is his favorite crypto coin.
The price of the DOGE token is $ 0.05, which is equivalent to Rp. Today's silver price is $741. Meanwhile, Dogecoin ranks last in the list of the largest crypto market capitalizations, with a total market capitalization of $ 7.98 billion or IDR 118.4 trillion.