Cryptocurrency The Digital Currency
Taking the market by storm, cryptocurrency is the novelty in the investment space.
Cryptocurrency is the next big thing that has excited everyone from collegegoing youth to well-settled individuals. Everybody can be heard talking about crypto-currency.
It refers to the decentralized digital money based on a blockchain system. Anyone can buy or sell and even spend and trade in crypto all over the world.
Cryptocurrencies In The Market And Their Value: Recent studies suggest that there are more than 5000 to 7000 cryptocurrencies currently existing in the market.
This list not just includes the successful ones, but also the failed ones. Bitcoin is the most popular currency nowadays and also the first one.
It has a capital of around six hundred billion dollars. Only the top six cryptocurrencies account for more than 80% of the value in the market.
Top Cryptocurrencies :
This is the list of the top 5 cryptocurrencies after Bitcoin, according to the Asia cryptocurrency news. 1. Ethereum(ETH) 2. Binance Coin(BNB) 3. Cardano(ADA) 4. Tether(USDT) 5. Dogecoin(DOGE)
(1) Ethereum(ETH):
Ethereum is a blockchain platform as well as a cryptocurrency. It is the go-to choice of developers. This is because it has potential apps and smart contracts.
It meets the conditions and automatically executes the contracts thereafter. In a short span of five years, it has done wonders in the market. It started with a value as small as $11 and is over $3000 today.
(2) Binance Coin(BNB):
Binance is one of the biggest exchanges in the crypto sector all over the world. And the Binance Coin is the currency that can be used on Binance. It can be used for trading, processing payments, and other travel-related expenses. One can also trade BNB against BTC or ETH, making it more in demand.
(3) Cardano(ADA): Cardano has the world’s third-largest market capitalization of $71 billion. It has a proof of stake validation process.
It is a research-based approach formed by a team of mathematicians, engineers, and crypto experts. It has a similar working to Ethereum. ADA token is its native coin.
(4) Tether(USDT): It is a stable currency. This means that it has a backup from US dollars or euros. So, the value never goes below these currencies’ value. Hence, it is believed to be a more consistent and reliable cryptocurrency in the market.
(5) Dogecoin(DOGE):
This has been one of the trending hot topics in the market. A joke that was cracked back in 2013 turns out to be one of the biggest cryptocurrencies today.
The main feature of this currency is that there is no limit to the number of coins created. So far, its value has increased by 155000% in the past 4 years.
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