more than 23,000
There are more than 23,000 cryptocurrencies, according to CoinMarketCap. That’s a far cry from a decade ago, when there were just seven.
However, that astonishing growth rate isn’t entirely good news. Many new cryptocurrencies have little purpose other than making money for their developers. Overall, it’s still a very top-heavy market. A small number of cryptocurrencies are responsible for most of the market’s total value.
Below are the most valuable and influential cryptocurrencies.
Bitcoin (CRYPTO:BTC) The first cryptocurrency and the largest by market cap.
Ethereum (CRYPTO:ETH) The cryptocurrency with the first programmable blockchain that developers can use to build decentralized apps (dApps).
Tether (CRYPTO:USDT) A stablecoin that follows the U.S. dollar and the cryptocurrency with the most trading volume.
BNB (CRYPTO:BNB) The native cryptocurrency on the BNB Chain, which was built by the popular Binance exchange.
XRP (CRYPTO:XRP) The native cryptocurrency for Ripple and the subject of an SEC lawsuit alleging that it’s an unregistered security.
Cardano (CRYPTO:ADA) A research-based cryptocurrency that uses less energy than many others.
Dogecoin (CRYPTO:DOGE) The first meme coin to gain widespread popularity.
Solana (CRYPTO:SOL) A cryptocurrency with a high-performance blockchain capable of ultrafast and inexpensive transaction processing.
Polkadot (CRYPTO:DOT) A cryptocurrency designed to allow different blockchains to communicate and work with each other.
Every day, a new superstar starts their journey on NFT-tradingcards.biz.
Leave a Reply