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List Of Cryptocurrency And Their Value

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Cryptocurrency Market Value Slumps Under $1 Trillion

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Everything You Want To Know About Bitcoin And Cryptocurrencies: Origin, Risks, How They Work, And Potential

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How To Trade Cryptocurrency: A Beginners Guide

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Bitcoin gets all the headlines when people talk about cryptocurrencies, but there are actually thousands of other options when it comes to these digital currencies. In fact, non-Bitcoin cryptocurrencies are often considered “working” – so-called “altcoins” or alternatives to Bitcoin.

While Bitcoin may be the first major cryptocurrency to hit the market, having launched in 2009. – many others are very popular, though not as big as the original.

Different Types Of Cryptocurrencies

Here are the top cryptocurrencies by total dollar value of coins in existence, i.e. market capitalization or market capitalization. (Data as of February 20, 2024 from CoinMarketCap.com.)

As the pioneer of the cryptocurrency era, Bitcoin is still the coin that people usually talk about when they talk about digital money. Its mysterious creator – the alleged Satoshi Nakamoto – debuted this currency in 2009. and it has been sailing ever since. However, it wasn’t until 2017 that cryptocurrency entered the mainstream. in 2024, the SEC approved the trading of ETFs that invest directly in Bitcoin, making it easier for investors to bet on Bitcoin.

Ethereum, the name of the cryptocurrency platform, is another name you may know in the cryptocurrency space. The system allows you to use Ether (money) for many tasks, but the smart contract part of Ethereum helps it become a popular currency.

The price of Tether is set at $1 per coin. This is because it is a so-called stablecoin. In the case of Tether, stablecoins are tied to the value of a specific asset in US dollars. Tether often acts as an intermediary when traders move from one cryptocurrency to another. Instead of going back to dollars, they use Tether. However, some people are concerned that Tether does not have dollar deposits, but instead uses short-term unsecured debt.

What Is Cryptocurrency?

BNB is a cryptocurrency issued by one of the largest cryptocurrency exchanges in the world, Binance. Although Binance Coin was originally created as a token to settle discount transactions, it can now be used to make payments and purchase various goods and services.

In 2020 March. introduced by Solana is a new cryptocurrency that accelerates the speed of transactions and the overall power of the “web balance” platform. The proposed currency, called SOL, has a supply of 480 million coins.

Known as Ripple and created in 2012, XRP provides a means of payment in various real-world currencies. Ripple can be useful for international transactions and uses an unreliable system to facilitate payments.

Like Tether, USD coin is a dollar asset, meaning its value does not change. The fund’s founders said it is backed by assets that are reserved or of “equal value” and that those assets are held as US government securities.

I Made An Infographic Of The Most Popular Cryptocurrencies By Category

Cardano is a cryptocurrency platform named after the ada currency. Ethereum developer Cardano also uses smart contracts to manage identity.

Avalanche is a blockchain that was launched in 2020. and competes with Ethereum as one of the most popular smart contract chains. AVAX is the native currency of the Avalanche blockchain.

Originally coined as a joke after the advent of Bitcoin, the name Dogecoin comes from an Internet meme featuring a Shiba Inu dog. Unlike most digital currencies that limit the number of coins in existence, Dogecoin has an unlimited supply. It can be used to pay or send money.

In 2017 Tron, created by Justin Sun in September, is a blockchain ecosystem aimed at decentralizing the Internet using blockchain technology and shared principles. According to CoinMarketCap.com, Tron is the largest stablecoin in the world.

Chart: How Common Is Crypto?

Chainlink was created in 2017. and enables the integration of blockchain-based contracts with external data flows. Blockchain Chainlink resides on the Ethereum platform and is known as the blockchain abstraction layer. Chainlink was created by Sergey Nazarov and Steve Ellis.

The cryptocurrency market is the Wild West (although the US government plays a very active role in regulating the cryptocurrency space), so those speculating in these digital assets should not invest more money than they can afford to lose.

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