You might think that Dogecoin and Shiba Inu would be sitting at the top of the cryptocurrency world will all the buzz they receive. But that’s not the case– at least not based on where investors are actually putting their money.

The most objective way to determine the top cryptocurrencies is to look at their market caps. For digital coins, market caps are calculated by multiplying the current price times the circulating supply. Here are the five most popular cryptocurrencies on the market right now, according to CoinMarketCap. 

Gold coins showing a lock in the center with 1s and 0s around the edge..

Image source: Getty Images.

1. Bitcoin

There’s absolutely no surprise whatsoever that Bitcoin (CRYPTO:BTC) still reigns as the world’s most popular cryptocurrency. Its market cap currently stands at nearly $1.1 trillion. If Bitcoin were a company, it would be bigger than Meta Platforms (formerly known as Facebook) and Tesla.

Bitcoin continues to enjoy the advantage of being the first cryptocurrency. It’s more widely accepted than any other digital coin, mainly because it’s been around longer. Bitcoin is even viewed by some investors as a good hedge against inflation since there will never be more than 21 million Bitcoin tokens in
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