Top 10 Popular Cryptocurrencies In The USA In 2022

Last Updated August 3rd 2022
17 Min Read

While there are 20000+ cryptos today, investors are only interacting with a handful of the most popular cryptocurrencies in the US.

Some of the features that all these coins have in common include listing with virtually all the most popular crypto exchanges, attractive past performance, and a massively promising future price action.

But what are these most traded cryptocurrencies in the USA? Even better, where can you buy them today?

We answer both these questions in this guide and provide you with a step-by-step guide on how to buy the most popular cryptocurrencies in the US today.

Read on.

Most Popular Cryptocurrencies In The USA

Here is an outline of the most popular cryptocurrencies in the USA. In the section below, we will tell you what makes them popular and how you, too, can start interacting with the most popular cryptocurrencies in the USA.

  • Bitcoin (BTC) -  Overall Most Popular Cryptocurrency To Buy In The US
  • Ethereum (ETH) -  Most Popular Among Long-Term Investors
  • Dogecoin (DOGE) -  Most Popular Meme Coin
  • Ripple (XRP) -  Most Controversial Cryptocurrency
  • Shiba Inu (SHIB) -  Best Performing Meme Coin To Buy Before Next Rally
  • Bitcoin Cash (BCH) -  Most Popular Bitcoin Alternative
  • Binance Coin (BNB) -  Most Popular Exchange Linked Cryptocurrency
  • ApeCoin (APE) -  Most Popular New Cryptocurrency
  • Solana (SOL) -  Most Popular Growth Crypto
  • Cardano (ADA) -  Popular Undervalued Cryptocurrency

 

eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

A Closer Look At The Most Popular Cryptocurrencies In The USA In 2022

By mid-2022, more than 51% of the American adult population was estimated to have bought a cryptocurrency in the last 12 months. Another crypto study indicated that 29% of all millennial parents owned cryptocurrencies.

But what cryptocurrencies are these individuals interacting with? Our team of analysts set out to find the most popular cryptocurrencies in the US and settled on the following top 10 digital coins.  

Let us discuss each of these cryptos in detail, identify the factors that make them increasingly popular among US crypto investors, and tell you why you, too, should consider investing in a few today.

1. Bitcoin (BTC) - Overall Most Popular Cryptocurrency to Buy in the US

Bitcoin is the most popular cryptocurrency in the US. It is also one of the most traded cryptocurrencies in the US. Multiple surveys and studies have also ranked it as the most recognizable crypto asset in the country, with 9 out of every 10 Americans saying they have heard about the legacy digital asset in the past.

A recent report by the New York Digital Investment Group further indicated that more than 22% of the US adult population currently own or have bought BTC in the past. We might add that the US is home to the largest Bitcoin mining farms - accounting for 35% of the Bitcoin mining hash rate.

This popularity can be attributed to a host of factors. Among them is Bitcoin’s usability - noting that even though Bitcoin isn’t a legal tender in the US, the number of individuals, physical stores, and ecommerce platforms accepting BTC payments has been on a steady rise.

It could also be attributed to the media attention - both mainstream and digital media - that BTC has received. Bitcoin was particularly a major news item throughout early and late 2021 when it rallied at unprecedented rates - shuttering previous price records - to peak above $64000.

It is also popular because it has been publicly adopted by a lot of A-list celebrities like Kanye West and Snoop Dogg, entrepreneurs like Elon Musk and Mark Cuban, as well as enterprises like Tesla and Microstrategy. But even more importantly, it is popular because its price is expected to continue rising, which has seen most investors adopt it as a store of value and as a useful tool for fighting inflation.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

2. Ethereum (ETH) - Most Popular Among Long-Term Investors

Ethereum is the second most popular cryptocurrency in the US - following closely behind Bitcoins. It is also one of the most traded cryptocurrencies here with a growing number of digital wallets holding the altcoin. It is particularly popular among long-term investors because of its massively promising future.

Its popularity can be attributed to such factors as its close association with all the leading crypto technologies. These include metaverses like Decentraland, meme coins like Dogecoin, dApps, DeFi protocols like Aave, DEXs like Uniswap, and NFTs like BAYC all of which are housed on the Ethereum network.

It is also massively popular among crypto investors because of its stellar past price performance - seeing that by the time it peaked in late 2021, its ROI exceeded 163000%. By the turn of the decade, ETH is expected to rally by a further 19000% and break above $190,000 - which has drawn in a lot of future-focused investors.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

3. Dogecoin (DOGE) - Most Popular Meme Coin

Dogecoin is arguably the most popular meme currency in the US. And we attribute its surging popularity to 5 key features. First is the Elon Musk factor as the entrepreneur has constantly been popularizing it to his 100 million followers on Twitter and different speaking engagements.

On Reddit, Dogecoin - and other social media networks by extension - Dogecoin has acquired a massive following. This community has played a key role in popularizing Dogecoin through memes, views, reviews, and keeping its price on an uptrend through well-coordinated price pumps.

Dogecoin also makes it to the list of most popular cryptocurrencies in the US because of its stellar past price action. In early 2021, for instance, DOGE made headlines when its price shot up by more than 10000%. Moving forward, Dogecoin is expected to replicate these gains - probably before or during the next crypto market rally.

All these, plus its accessibility - seeing that it currently is listed with virtually all the most popular crypto exchanges - have played a critical role in making DOGE one of the most popular and most traded cryptocurrencies.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

4. Ripple (XRP) - Most Controversial Cryptocurrency

Ripple has also dominated mainstream and digital media headlines. But unlike the rest of the most popular cryptocurrencies in the US, Ripple makes it here because of the controversy brought about by the ongoing SERC case against Ripple labs. It all started in December 2020 when the SEC filed a case against Ripple Labs and its directors, accusing them of selling unregistered securities to US residents. 

Over time, however, Ripple has won several court battles against the SEC, and this has most analysts convinced that XRP has a high chance of winning this case. This has also sparked significant investor interest in the coin. The case has also earned XRP a lot of sympathy from the crypto community, with a majority of them rallying behind the coin and helping maintain its position among the top 10 most valuable cryptos.

Stellar is also popular in the US because it has posted stellar past price action. During its peak in early 2018, for example, XRP token prices were already up by more than 70000%.

Moving forward, analysts are confident that Ripple will replicate these gains in the future - especially if it wins against the SEC. Some expect XRP price to grow as much as 16000%+ by the turn of the decade to break above $50.

We must also add that in addition to the SEC battle, it has also had to deal with an extended crypto winter and volatile market crashes - like any other cryptocurrency. And it has proved its resilience by quickly rebounding after a value dip and maintaining a near-permanent position among the 10 most valuable cryptos.

These two - a promising future and proven resilience - have not just helped Ripple grow its popularity. They are some of the key reasons why you should consider buying these top cryptocurrencies in the US.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

5. Litecoin (LTC) - Popular Altcoin to Buy With PayPal

Litecoin was at one time the most popular Bitcoin alternative. But during the 2017 crypto market rally, its momentum faltered and fell off the rails when Litecoin founder - Charlie Lee - sold his LTC holdings and went to work for the Coinbase exchange.

But a few factors have helped win investor confidence in the altcoin and help it ascend back to the coveted list of most popular cryptocurrencies US. First, Charlie Lee is back to heading steering Litecoin’s future as the head of the Litecoin Foundation. Secondly, Litecoin’s acceptability as a medium of exchange across the country has been on a steady rise - preferred to its ultra-fast transaction processing speed and low transaction cost.

Thirdly, and perhaps the most significant, is the PayPal effect. In late 2020, PayPal - the most popular eWallet in the US - made it possible for its clients to buy BTC, ETH, BCH, and LTC. This had the effect of bringing the spotlight back to Litecoin and made it one of the most traded cryptos among PayPal users. 

Yet another reason why Litecoin features among the most popular cryptocurrencies in the US - and one of the reasons why you too should buy the altcoin is its promising future. Moving forward, LTC is expected to recapture its $400 peak prices and rally by as much as 4000% by the turn of the decade

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

6. Bitcoin Cash (BCH) - Most Popular Bitcoin Alternative

A host of factors have helped Bitcoin Cash maintain relevance and become one of the most popular cryptocurrencies in the US. First is its ease of accessibility, seeing that it is already listed with virtually all the most popular crypto exchanges in the country. This was given a further boost by PayPal when it included it in the list of crypto exchanges that can be traded on its accounts.

It is also popular because it has been welcomed as an excellent alternative to Bitcoin by most physical and ecommerce stores that accept crypto payments. Like Litecoin, BCH is largely favored because of its fast transaction processing speeds and affordable trading fees.

Moving forward, Bitcoin cash prices are expected to sustain an uptrend - rallying by an estimated 7500%+ to tear above $9000 by the turn of the decade. This promising future makes it one of the top cryptocurrencies in the US, particularly among long-term crypto investors.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

7. Binance Coin (BNB) - Most Popular Exchange Linked Cryptocurrency

Binance Coin continues to dominate the crypto trading niche. It recently overtook Coinbase as the centralized exchange with the most Bitcoins but also threatens to overtake it as the most popular exchange with the highest trade volumes in the US. 

But the fast-rising crypto exchange isn’t the only thing making BNB coin the most popular cryptocurrency in the US. Others include its close association with the fast-expanding Binance Smart Chain - a smart contract blockchain.

Binance coins are also popular because they have performed exemplarily well in the past. Having debuted into the market with an ICO price of $0.15 in 2017, BNB price peaked at $676 in 2021 - more than 450000% above its introductory price and making it one of the most lucrative investments.

Moving forward, a number of factors are expected to continue fueling BNB coin prices - making it an excellent choice for future-focused crypto investors. First is the growing popularity of the Binance exchange and Binance smart chain, which increases demand for BNB coins.

Secondly, Binance has committed to burning 50% of the BNB token supply - which would catapult the token’s prices to unimaginable heights, especially when you consider the rapidly growing demand for BNB coins.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

8. ApeCoin (APE) - Most Popular New Cryptocurrency

ApeCoin is the newest of the most popular cryptocurrencies in the US. There are a host of reasons why the altcoin, which is only a few months old became one of the most talked about and one of the most traded cryptocurrencies in the US today. First is its attractive price action - evidenced by the fact that it was able to rally in early 2022 while the rest of the market underwent a devastating contraction.

Secondly, APE is popular because of its close association with equally popular NFT projects, seeing that it is the utility token for BAYC and MAYC NFTS. These NFTs are collected by A-list celebrities like Kevin Hart, Justin Bieber, Madonna, and Tom Brady as well as crypto influencers like Gary Vee. These have made APE tokens insanely popular among crypto investors.

ApeCoin is also popular because it is new and full of untapped potential - which gives it a massively promising future. It, for instance, only recently launched the Otherside metaverse that is full of promise. ApeCoin developers have also hinted about leaving Ethereum and launching their own mainnet to escape the high gas fees and low transaction speeds that characterize the ETH network.

These factors have helped make ApeCoin one of the most popular cryptos in the US. Moving forward, they are expected to fuel value gain for the APE token, which makes it one of the best buys today.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

9. Solana (SOL) - Most popular Growth Crypto

Solana is one of the fastest-growing smart contract ecosystems. The price of its SOL tokens has also grown at tremendous rates in the recent past - by more than 130000% in the last two years. Both these factors have captured the American investor’s attention and helped make Solana one of the most popular cryptocurrencies in the US.

The Ethereum-killer is considered one of the best growth cryptos to invest in today because of its massively promising future. Solana is faster, more affordable, developer-friendly, and more dynamic than most other smart contract platforms - including Ethereum. It just started expanding its ecosystem to include as many of the programs and features available on Ethereum - but this has already had its value rise by more than 1000X.

Moving forward, and as Solana integrates more programs and protocols, its SOL token prices are expected to rally to newer heights - as high as 5000% by 2030. Buying the today would, therefore, mean getting in at a 12000%+ discount - and this has had all future-focused crypto investors rushing to accumulate SOL tokens.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

10. Cardano (ADA) - Popular Undervalued cryptocurrency

Cardano is an equally-promising digital coin. It is one of the most traded and popular cryptocurrencies in the US because it is considered undervalued. Both technical and fundamental analysis of the coin indicates that it is grossly undervalued and that ADA is due to embark on upward price correction - anytime.

For the longest time, the only thing holding Cardano's price back from exploding was its peer-research requirement. This made it rigid and was, in effect, overtaken by newcomers like Solana and Avalanche, who were quick to adopt new crypto technologies.

But in late 2021, Cardano’s ecosystem growth started picking pace when it integrated the smart contract feature. This has opened the floodgates of innovation on the platform as it allowed for the integration of DeFi, dApps, and Web3 protocols.

These and Cardano’s unmatched commitment to security have seen developer activity and the number of on-/off-chain brands interested in building on the network rise. These are precursors of value gain for any crypto asset as they push up the demand for its tokens.

The general feeling is that Cardano has the potential to overtake Ethereum as the most used smart contract platform. But before it flips ETH, analysts are confident that ADA will have grown its investor portfolios by more than 6000% by the turn of the decade when its price races past 6000%. This massively promising future doesn’t just inform its popularity but also confirms why you should consider buying ADA today.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

Where To Buy Popular Cryptocurrencies In The US?

Virtually all the most popular crypto exchanges in the world have set up shops in the US. There simply is no shortage of crypto trading platforms that list all the popular cryptocurrencies we have discussed above.

We, however, would recommend registering an account and buying crypto from one of the following crypto exchanges:

  • eToro - Best exchange to buy crypto for beginners in the US. eToro has a straightforward account registration process, maintains an easy crypto trading process, and integrates social and copy trading tools.
  • Coinbase - Best exchange to buy crypto instantly in the US. Coinbase is deeply liquid, lists many cryptos and trading pairs, and has an intuitive trading interface.
  • Binance - Best exchange to buy crypto at low fees in the US. Binance is deeply liquid, lists one of the widest range of cryptocurrencies, and insures clients’ digital assets held in their exchange-based digital wallets.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

How To Buy Popular Cryptocurrencies On eToro For Beginners - Step-by-Step Guide

Want to jump straight to buying one or a couple of the popular cryptos in the US that we have discussed above? We recommend starting out on eToro because of the user-friendliness of the trading platform and affordability.

Here is the detailed guide on how to start buying cryptocurrencies on eToro.US:

Step 1: Create a crypto trader account

Start by registering a user account with eToro. The account creation process is smooth and straightforward - taking no more than 10 minutes. Just click the “Join Now” button on the home page of the official eToro.us website and complete the user registration form that pops up.

Step 2: Verify your identity

In the US, eToro is regulated by SEC and FINRA - which require all crypto trading platforms to subject their clients to KYC and AML checks. For this reason, eToro will ask that you verify your identity before you can start trading. Simply upload a copy of your Passport or Driver’s license.

Note: You will receive an email informing you that your crypto trader account has been approved.

Step 3: Deposit funds

Log in to the now-approved crypto trader account, and on your user dashboard, tap on the “Deposit Funds” tab. On the funding tab that pops up, choose a supported payment option and follow the prompts to initiate the cash transfer to eToro.

Note: The minimum you can deposit into eToro is $10.

Step 4: Choose crypto(s) to buy

Click on the “Discover” tab on your user dashboard to reveal the supported asset classes. Choose to trade “Crypto,” and a list of supported will pop up. Choose the crypto(s) you wish to buy.

Step 5: Buy cryptocurrencies

Tap on the “BUY” option against the coin you would like to invest in. A trading tab will pop up and you can use it to customize the purchase by indicating the number of coins you wish to buy or the amount of fiat cash you wish to spend. Hit the “Open Trade” button to complete the purchase.

Note: The private keys for the cryptocurrencies you just purchased will be deposited into the exchange-based digital wallet. You are free to move them to an online wallet, the eToro mobile wallet app, third-party exchange, or the more secure and reliable hardware wallet.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

Conclusion - Most Popular Cryptocurrencies In The USA

Crypto investments are all the rage in the US as more and more individuals and institutions seek to future-proof their investments against inflation and the looming economic recession. But not all digital assets are good stores of value or excellent hedges, as evidenced by the rise of investor interest in sustainable and promising crypto assets shoot to new heights.

In the above post, we have introduced you to the most popular cryptocurrencies in the US today. We have told you what makes them popular and why they are worth buying during the current crypto market dip.

Want to buy one or a couple of the most traded cryptocurrencies in the US? Follow the step-by-step guide to buying cryptos on eToro above, which teaches you how to start buying crypto on the al-popular exchange in less than 10 minutes.

eToro - The Best Crypto Exchange In The USA

Open an account with eToro, deposit some funds with USD, and finally – buy cryptocurrencies for just $10.

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eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. This is not meant to be tax advice or financial advice of any kind. The above information we compiled from online tax forums. Please, consult a CPA or lawyer if you have questions about filing your tax return, forms to use, or what is/is not taxable. eToro is not a tax advisor.

FAQs On Most Popular Cryptocurrencies In The US

What are cryptocurrencies?

A cryptocurrency is a wholly digital currency and an alternative form of payment. But unlike fiat currency printed by the government and stored in Federal Reserve, digital currencies are created using cryptographic technology and maintained on a highly decentralized blockchain.

What is the most popular cryptocurrency in the USA?

Bitcoin is by far the most popular cryptocurrency in the USA. It is not only the most recognized crypto asset but also the most purchased cryptocurrency both by individuals and institutional investors.

Where do I buy popular crypto in the US?

There is a growing number of crypto exchanges where you can buy all the most popular cryptocurrencies in the US. But we would recommend registering an account and buying these assets on eToro.US.

What is the most used crypto in the USA?

The most cryptocurrency in the USA has to be Bitcoin. More individuals accept Bitcoin payments today, and many physical and ecommerce stores accept BTC as a medium of exchange. 

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