Top 10 Market Cap Cryptocurrency – Do not invest unless you want to lose the entire amount invested. Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Take two minutes to learn more. In addition, capital gains tax may apply to profits from the sale of cryptocurrency.
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Table of Contents
- Top 10 Market Cap Cryptocurrency
- Too Big To Fail? Crypto Market Size Vs Traditional Assets
- Top 10 Algorithmic Stablecoins By Market Cap
- Top 10 Cryptocurrencies By Market Cap In February 2024
- Coinmarketcap December 2023 Market Overview
- Cryptocurrency Market Cap Explained
- Visualizing The Meteoric Rise Of Cryptocurrency In The Past 5 Years
- Market Wrap: Bitcoin Holds Above $60k As Crypto Market Cap Reaches New High
- How The Top Cryptocurrencies Performed In 2021
Top 10 Market Cap Cryptocurrency
Market cap (or market capitalization) is a metric used to measure the size and popularity of a cryptocurrency based on the current price and volume of cryptocurrency in circulation. The higher the market value, the more popular the cryptocurrency.
Too Big To Fail? Crypto Market Size Vs Traditional Assets
To get the market cap at any given time, simply multiply the current price of your chosen cryptocurrency by the total number of that cryptocurrency in circulation.
Remember that crypto-assets are highly volatile and unregulated investment products with no UK or EU investor protection. You can lose all the money you have invested in them.
*Note: Do not invest unless you want to lose all the money you invested. Cryptocurrencies are high-risk investments and you should not expect to be protected if something goes wrong. Take two minutes to learn more. In addition, capital gains tax may apply to profits from the sale of cryptocurrency.
Bitcoin is a form of digital money that you can safely buy, sell or send to anyone anywhere in the world without the intervention of banks, payment platforms or central authorities.
Top 10 Algorithmic Stablecoins By Market Cap
Launched in 2008, Bitcoin is the world’s largest and most popular cryptocurrency, with a market capitalization of around £724 billion (at the time of writing).
There will only ever be 21 million Bitcoins in the world, making it a scarce cryptocurrency. There are still around 3 million bitcoins available for mining and this will happen slowly over the next hundred years. The last blocks will theoretically be mined in 2140.
Bitcoin was created in 2009 by a person or organization called Satoshi Nakamoto, who explained his theory of peer-to-peer digital transactions without government interference, “Bitcoin.
A blockchain is a special type of database that contains a list of transactions that anyone can see and verify. You can think of it as a bank statement or a bank book where you can see the history of transactions made over a period of time. In the case of Bitcoin, the Bitcoin blockchain is a record of every time someone buys or sells a Bitcoin. Read more about blockchain here.
Top 10 Cryptocurrencies By Market Cap In February 2024
Bitcoin uses cryptographic technology that makes it more secure than standard debit or credit card transactions. However, there are some risks associated with Bitcoin transactions. For example, Bitcoin wallets are not necessarily anonymous and rely on passwords that can never be recovered once lost.
In early 2010, one bitcoin was worth a fraction of a cent. By October 2013 it had risen to £100 (that’s an increase of over 1,000,000% in just three years) and by December 2017 the price had risen to a whopping £15,000 (an increase of around £15,000). % in four years). As of April 2022, the price of Bitcoin was £33,000 (a 120% increase from 2017).
Ethereum is a technology that allows you to send cryptocurrency to anyone for a small fee. It also provides apps that anyone can use and no one can delete. According to the official Ethereum website, Ethereum is much more than just payments. It’s a marketplace for financial services, games and apps that can’t steal your data or censor you.
Ethereum was launched in 2015 and is the world’s second largest cryptocurrency by market capitalization after Bitcoin. Ethereum builds on Bitcoin’s innovation with significant differences, making it an even more interesting blockchain network and cryptocurrency.
Coinmarketcap December 2023 Market Overview
In 2013, Vitalik Buterin (a 19-year-old computer programmer and co-founder of Bitcoin Magazine) published a white paper proposing a highly flexible blockchain that could support almost any type of transaction. The Ethereum blockchain will enable automated, immutable causal statements for the development of smart contracts and next-generation decentralized applications (dApps). Buterin’s goal was to unify the way dApps work.
Ethereum is a decentralized blockchain network powered by Ether. Ethereum, unlike Bitcoin, was not created to be a digital currency. Instead, the founders set out to build a global, decentralized, open-source computing platform that would take the security and transparency of blockchains and extend those features to a wide range of applications. The Ethereum blockchain enables automatic and immutable causal statements, enabling the development of next-generation smart contracts and decentralized applications (dApps).
Like Bitcoin, Ethereum is protected by proven encryption. This protects your wallet, your ETH and your transactions. However, there are some risks associated with Ethereum transactions. For example, Ethereum wallets are not necessarily anonymous, and if you choose to use an Ethereum domain name (like yourname.eth) to make your wallet address more readable, anyone with an internet connection will be able to see all of your transactions. Additionally, Ethereum wallets rely on passwords that can never be recovered once lost.
In 2015, the price of one Ethereum was less than one British pound. Three years later, in 2018, the price had risen to £950 (an increase of over 9,000,000% in just three years). In November 2021, the price of one Ethereum reached an all-time high of around £3,500 (up around 270% in four years). By April 2022, the price of Ethereum had fallen to £2,500 (down 29% from its 2021 high).
Cryptocurrency Market Cap Explained
Tether, or USDT, is a stablecoin that is pegged one-to-one to the US dollar. This means that you should always be able to exchange 1 USDT for 1 USD (at least in theory).
Stablecoins are cryptocurrencies that are linked one-to-one to “stable” reserve assets such as US dollars, euros, yuan or gold. They are designed to reduce the volatility associated with cryptocurrencies. In theory, a stablecoin should almost always be equal to the value of the underlying asset it is linked to (ie 1 USDT = 1 USD). So you can spend, hold or give away stablecoins without worrying about the price volatility associated with non-pegged cryptocurrencies like Bitcoin or Ethereum. This is particularly beneficial for people in developing countries where national currencies are volatile. Stablecoins also act as a safe haven for cryptocurrency traders in times of extreme volatility.
Launched in 2014, Tether is the third largest cryptocurrency in the world by market capitalization after Bitcoin and Ethereum.
Tether’s creators say that each Tether token is 100% backed by reserves, including traditional currencies and cash equivalents, and may include other assets and borrowings from Tether’s loans to third parties.
Visualizing The Meteoric Rise Of Cryptocurrency In The Past 5 Years
Tether is not only available in USD. It is also available in Euro (EUR₮), Offshore Chinese Yuan (CNH₮) and Gold (XAU₮).
Tether USDT was founded in July 2014 by cryptocurrency enthusiasts and entrepreneurs Brock Pearce, Craig Sellers and Reeve Collins and was originally known as “Realcoin”.
Tether does not have its own blockchain. Instead, Tether tokens are built on several leading blockchains, including Ethereum, Solana, Omni, Bitcoin Cash’s Simple Ledger Protocol (SLP), EOS, Liquid Network, Tron, and Algorand.
Like Bitcoin or Ethereum, Tether is protected by proven encryption. However, there are some risks associated with buying and owning Tether, such as losing all your money if you lose access to your wallet or become a victim of fraud or scams. Another point to note about Tether is that, unlike Bitcoin or Ethereum, which have a strong sense of community and purpose, Tether presents itself as a money market fund managed by one independent company.
Market Wrap: Bitcoin Holds Above $60k As Crypto Market Cap Reaches New High
At the beginning of March 2015, the price of 1 USDT was around 0.61 USD. A few days later, it rose to USD 1. Since then, it has mostly stayed around the US dollar, with a few occasions where it has moved slightly lower or slightly higher against the US dollar.
BNB, which stands for Build and Build, is the primary cryptocurrency of the BNB Network (formerly Binance Smart Chain and Binance Chain). It was first launched in July 2017 on Ethereum, but later moved to Binance Chain.
BNB is a utility that allows holders to pay discounted fees for trading on the Binance exchange. BNB can be used for travel expenses and can be spent on goods and services using the Binance Visa card. Owners can also donate BNB to charity through the Binance Charitable Foundation (BCF) project.
The coin has a limited supply of 200 million and Binance holds a quarterly coin burn as a deflationary measure to reduce the total supply of BNB in circulation. Hot events will happen until the total access is reduced to 100 million.
How The Top Cryptocurrencies Performed In 2021
BNB, or Binance Coin, was created by Binance, a cryptocurrency exchange and blockchain platform originally based in China but now based in the Cayman Islands.
BNB Chain is a native blockchain created by Binance. It is a programmable ecosystem similar to Ethereum that can manage smart contracts and act as a platform
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