In recent years, altcoins, or alternative coins to Bitcoin, have emerged as an attractive investment opportunity. Altcoins offer investors the potential for high returns, making them a popular choice among traders. As we approach 2023, it’s worth taking a look at the top 10 altcoins by market share.

Before we dive into the top 10 altcoins, let’s take a look at some previous statistics. In 2017, Bitcoin held a market share of around 87%, while other cryptocurrencies accounted for only 13%. By 2021, this trend had started to shift, with Bitcoin’s market share falling to around 47%, while altcoins’ market share had risen to around 53%. This shift in the market share is a testament to the growing popularity of altcoins.

So, without further ado, let’s dive into the top 10 altcoins in 2023 by market share:

1. Ethereum (ETH): Ethereum has been one of the most popular altcoins for several years, with a market share of around 19%. Ethereum is a blockchain-based platform that enables developers to build decentralized applications (DApps) on top of its network.
2. Binance Coin (BNB): Binance Coin is the native token of the Binance exchange, with a market share of around 8%. Binance Coin can be used to pay for trading fees on the exchange, and it has been on the rise since its launch in 2017.
3. Cardano (ADA): Cardano is a blockchain-based platform that aims to offer a more secure and sustainable blockchain infrastructure, with a market share of around 7%.
4. Solana (SOL): Solana is a fast and scalable blockchain that offers high-speed transactions, with a market share of around 5%.
5. Dogecoin (DOGE): Dogecoin is a meme-based cryptocurrency that started as a joke, but it has since become a popular investment choice among traders, with a market share of around 4%.
6. Polkadot (DOT): Polkadot is a blockchain-based platform that aims to provide interoperability between different blockchains, with a market share of around 3%.
7. Chainlink (LINK): Chainlink is a decentralized oracle network that provides data to smart contracts on the blockchain, with a market share of around 3%.
8. XRP (XRP): XRP is a digital currency developed by Ripple that aims to provide fast and secure transactions, with a market share of around 2%.
9. Avalanche (AVAX): Avalanche is a blockchain-based platform that offers high-speed transactions and interoperability between different blockchains, with a market share of around 2%.
10. Terra (LUNA): Terra is a blockchain-based payment network that aims to provide fast and low-cost transactions, with a market share of around 2%.

Altcoins have gained popularity over the years, with more investors showing interest in these cryptocurrencies. The top 10 altcoins in 2023 by market share offer investors a range of opportunities to invest in high-growth potential cryptocurrencies. However, it’s important to note that the cryptocurrency market can be highly volatile, so it’s crucial to do your research and invest wisely.