The global surge of liquidity has not only driven stock markets to record highs—pushing U.S. and Taiwan indices to new peaks—but also ignited a frenzy in the cryptocurrency market. Bitcoin skyrocketed nearly 700% in under a year, briefly touching $63,000 (approximately NT$1.77 million). Yet beyond Bitcoin, the most recognized digital asset, numerous high-performing cryptocurrencies are capturing attention across Taiwan. Using data from the KEYPO Big Data Key Engine, this article explores the top 10 most热议 (discussed) cryptocurrencies among Taiwanese netizens—revealing which digital assets are making waves in 2025.
No.10: Huobi Token (HT)
Huobi Token (HT) is the native utility token of Huobi, once ranked among the world’s top three cryptocurrency exchanges. Originally issued on the Ethereum blockchain, HT has a capped supply of 500 million tokens, with a strict no-inflation policy. Every quarter, Huobi allocates 20% of its profits to buy back and burn HT from circulation—boosting scarcity and long-term value.
While primarily used to reduce trading fees on the exchange, HT also supports staking for passive income. In late 2020, Huobi launched its own blockchain ecosystem, the Huobi ECO Chain (Heco), migrating part of HT’s supply to serve as the network’s native digital asset. This expansion has strengthened HT’s utility beyond mere exchange perks.
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Market Cap (April 20): $3.2 billion
No.9: Cardano (ADA)
Launched in 2017 and often dubbed the “Japanese Ethereum,” Cardano is a foundational public blockchain developed by Charles Hoskinson, a co-founder of Ethereum. Designed to solve scalability while preserving decentralization, Cardano stands out for its research-driven approach and peer-reviewed development.
ADA, its native token, enables peer-to-peer transactions without intermediaries and grants holders governance rights. Users can stake ADA in pools to earn rewards—a key driver of adoption. With a fixed supply of 45 billion ADA and no future minting, scarcity is built into its design.
Cardano’s partnerships with governments and enterprises continue to grow, reinforcing its reputation as a next-generation blockchain.
Market Cap (April 20): $37.9 billion
No.8: Monero (XMR)
Privacy is king for Monero (XMR), an open-source cryptocurrency launched in April 2014. Unlike transparent blockchains like Bitcoin, Monero uses advanced cryptographic techniques—such as ring signatures and stealth addresses—to obfuscate sender, receiver, and transaction amount.
This strong privacy focus once fueled adoption on darknet markets, contributing to price surges in 2017. However, regulatory scrutiny led major exchanges in Japan and South Korea to delist XMR, Dash, and Zcash around 2018 due to compliance concerns.
Monero also resists ASIC mining, favoring CPU-based mining to maintain decentralization. This makes it accessible to everyday users with standard hardware.
Market Cap (April 20): $6.2 billion
No.7: Dogecoin (DOGE)
From meme to mainstream: Dogecoin went from internet joke to financial phenomenon. Originally created in 2013 as a lighthearted tribute to a Shiba Inu meme, DOGE had no practical use—until Elon Musk began endorsing it.
In early 2025, Dogecoin surged from $0.005 to $0.40 by April 20—a staggering 8,000% increase—with one week alone seeing a 500% spike. The rallying cry “Doge to the moon!” became a viral movement, driven by social media campaigns and community-driven “buy and hold” strategies.
Despite lacking technological innovation, Dogecoin’s cultural momentum and low entry barrier have made it one of the most discussed cryptos in Taiwan.
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Market Cap (April 20): $50 billion
No.6: Ripple (XRP)
XRP, issued by Ripple Labs, powers the first open payment network designed for fast, low-cost international transfers. Unlike decentralized blockchains, XRP operates under a more centralized model but excels in speed and efficiency.
Users can send any currency and have it automatically converted at the destination—eliminating cross-border fees and delays. XRP is burned as transaction fees, gradually reducing its total supply of 100 billion tokens over time.
Though not mineable, XRP’s integration with financial institutions and remittance services keeps it relevant in global payments.
Market Cap (April 20): $57.7 billion
No.5: IOTA (MIOTA)
Launched in 2015, IOTA targets the Internet of Things (IoT), enabling secure machine-to-machine transactions without fees. Its breakthrough lies in abandoning traditional blockchain architecture for Tangle, a directed acyclic graph (DAG) system.
Tangle allows infinite scalability and near-instant confirmations while consuming minimal energy—ideal for IoT microtransactions. IOTA has partnered with Microsoft, Fujitsu, Samsung, and even signed a memorandum with Taipei City Government in 2018 to explore smart city applications.
Though not a blockchain per se, IOTA represents a bold alternative to conventional consensus models.
Market Cap (April 20): $5.6 billion
No.4: Bitcoin Cash (BCH)
Born from a hard fork of Bitcoin in 2017, Bitcoin Cash was created to address Bitcoin’s slow transaction speeds and high fees. Supported by mining giant Bitmain, BCH increased block size from 1MB to 8MB (later 32MB), enabling faster and cheaper transactions.
Holders of Bitcoin at the time of the fork received an equal amount of BCH—a major catalyst for early adoption. Once seen as Bitcoin’s biggest rival, BCH sparked debates over “true” Bitcoin lineage.
Yet despite technical advantages, BCH hasn’t matched Bitcoin’s market dominance or price performance.
Market Cap (April 20): $17.4 billion
No.3: Binance Coin (BNB)
BNB, the native token of Binance—the world’s largest crypto exchange by volume—started as an ERC-20 token on Ethereum. Initially used for trading fee discounts, BNB evolved with the launch of Binance Smart Chain (BSC), becoming the gas token for smart contracts and decentralized apps (dApps).
Binance burns BNB quarterly using 20% of its profits—a deflationary mechanism that reduces supply over time. One recent burn destroyed nearly 1.1 million BNB worth $600 million, fueling investor confidence.
With BSC rivaling Ethereum in dApp activity, BNB’s utility continues to expand.
Market Cap (April 20): $76.5 billion
No.2: Ethereum (ETH)
Ethereum is more than just a cryptocurrency—it’s a decentralized computing platform powered by ETH. Founded by Vitalik Buterin, Ethereum enables developers to build smart contracts and dApps, creating an expansive ecosystem including DeFi, NFTs, and DAOs.
Though second in market cap to Bitcoin, Ethereum leads in functionality. However, rising popularity has caused network congestion and high gas fees—prompting urgent scalability upgrades like Ethereum 2.0.
The surge in ETH mining has also contributed to global GPU shortages in early 2025, as miners seek high returns from staking and computation rewards.
Market Cap (April 20): $246.9 billion
No.1: Bitcoin (BTC)
Unsurprisingly, Bitcoin remains Taiwan’s most discussed cryptocurrency. From under $10,000 just a year ago, BTC surged past $60,000 multiple times in 2025. With a market cap exceeding $1 trillion, it dominates the digital asset landscape.
Major companies like PayPal and Tesla now accept Bitcoin for payments, while financial instruments such as futures, options, and ETFs have made it accessible to traditional investors. Institutional “whales” like MicroStrategy and Tesla continue accumulating BTC, reinforcing its status as digital gold.
Despite volatility and ongoing debates about its role as a store of value versus medium of exchange, Bitcoin’s cultural and financial impact is undeniable.
Market Cap (April 20): $1 trillion
Frequently Asked Questions
Q: Why is Dogecoin so popular despite being a meme coin?
A: Dogecoin’s popularity stems from strong community support and celebrity endorsements—especially from Elon Musk. Its low price and fun branding make it accessible and viral on social media.
Q: Can I mine Bitcoin Cash at home?
A: While possible with specialized hardware (ASICs), mining BCH profitably requires low electricity costs and high-efficiency equipment—making large-scale operations more viable than home setups.
Q: Is Ethereum transitioning to proof-of-stake?
A: Yes—Ethereum is upgrading to Ethereum 2.0, shifting from energy-intensive proof-of-work to sustainable proof-of-stake consensus to improve scalability and reduce environmental impact.
Q: Why did Monero get delisted from some exchanges?
A: Due to its strong privacy features that hinder transaction tracking, regulators raised anti-money laundering (AML) concerns—leading some exchanges to remove it for compliance reasons.
Q: How does Binance burn BNB tokens?
A: Binance uses quarterly profits to buy back BNB from the market and permanently destroy it—reducing total supply and increasing scarcity over time.
Q: What makes IOTA different from blockchain?
A: IOTA uses Tangle technology instead of blockchain—a DAG-based system that enables feeless transactions, faster confirmations, and infinite scalability without miners.
👉 Explore the future of decentralized finance and see which cryptos are poised for growth in 2025.
Core Keywords: Bitcoin, Ethereum, Dogecoin, Binance Coin, cryptocurrency market, smart contracts, decentralized finance, blockchain technology