TOP 10 CRYPTOCURRENCIES IN THE WORLD 2023 EDITION
T H I S D O C U M E N T I S C R E A T E D B Y P A R H L O
BITCOIN
Bitcoin is the leading cryptocurrency on the list with no surprise at all. it holds a market cap of $445.5 billion and it’s ridiculous. Over the past years, Bitcoin saw many ups and downs but still stands tall on the list.
BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. A few months back, Bitcoin crashed severely and the Ethereum merge was happening.
ETHEREUM
Talking about cryptocurrencies and avoiding Ethereum would be a bad manner. Ethereum surely dominates the NFT market, but with that, it managed to secure the second spot. Ethereum market cap is about $193.9 billion, over the years it has seen rapid growth and become a favorite of program developers for various potential applications. Ethereum’s rose took place when Visa bought a CryptoPunk for $150,000.
TETHER
Unlike above or other cryptocurrencies, Tether is more like a stablecoin because it’s been backed by fiat currencies like U.S. dollars and the Euro. This means, hypothetically Tether value would stay consistent compared to other cryptocurrencies. The market cap of Tether is $67.8 billion. It's also included in the list of Cryptocurrencies in the world 2023.
BINANCE COIN
Binance word you might be familiar with it if you are into the crypto trading world. It’s is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world. Binance evolved over the past years, it can be used for trading, payment processing or even booking travel arrangements. Its market cap is $49.3 billion.
U.S. DOLLAR COIN
Just like Tether, U.S. Dollar Coin is also a stablecoin, it’s purely backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio. Unlike Tether, U.S. Dollar Coin is powered by Ethereum, and you can use USD Coin to complete global transactions. The market cap is around $42.7 billion.
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