What are the most valued cryptocurrencies? A cryptocurrency is a digital medium of exchange that uses cryptography to secure transactions,...
What are the most valued cryptocurrencies?
A cryptocurrency is a digital medium of exchange that uses cryptography to secure transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are classified as alternative or virtual currencies. Bitcoin, the first and most well-known cryptocurrency, was invented in 2009.
The value of cryptocurrencies is determined by many factors, including total supply, market demand or requirement, and other economic factors.
Unlike fiat currencies issued by central banks (which can be regulated), there is no authority that supports the value of cryptocurrencies. They are traded only in free markets without government intervention.
When it comes to investing in cryptocurrencies, it is important to take into account several aspects:
Liquidity, market capitalization and daily trading volume; the technology behind; recent history; founding team; adoption
current versus potential users (eg infrastructure)
Top rated cryptocurrencies
1#Bitcoin (BTC)
With a market cap of over $1 trillion, Bitcoin is by far the most valuable cryptocurrency. BTC is also the oldest and most well-known cryptocurrency, having been launched in 2009. While its price is notoriously volatile, it has seen tremendous growth in recent months as general interest in cryptocurrencies increases.
2# Ethereum (ETH)
Ethereum is the second largest cryptocurrency by market cap, worth over $200 billion. ETH was launched in 2015 and stands out as the first major platform for decentralized applications. It has also seen significant price growth recently as investors have been bullish on its potential.
3# Cardano (ADA)
Cardano is the third largest cryptocurrency by market cap, worth over $50 billion. ADA was launched in 2017 and is notable for being one of the first blockchains to be based on scientific philosophy. Its developers have also been working on implementing smart contracts and scaling solutions to make them more widely adopted.
4# Tether (USDT)
Tether is a stable coin that is pegged to the US dollar, which means that its value remains relatively stable compared to other cryptocurrencies. USDT has a market cap of over $40 billion; and is widely used on popular cryptocurrency exchanges, to trade pairs with other assets.
5# Binance Coin (BNB)
Binance Coin is the native cryptocurrency of the popular cryptocurrency exchange Binance. BNB has a market cap of over $10 billion and has become a highly tradable currency; due to its use in the Binance ecosystem.
Users can use BNB to pay fees on the platform, giving them significant discounts.
6# Dogecoin (DOGE)
Dogecoin was originally created as a meme and has a Shiba Inu dog as its pet. DOGE has a market capitalization of over $6 billion and has seen tremendous growth in recent months as the coin has been adopted by many as a “simulator” for Bitcoin.
7#USDCoin (USDC)
USDCoin is another stable coin that is pegged to the US dollar. USDC has a total market capitalization of over 4 billion and is issued by government-backed financial centers, giving it some additional degree of institutional backing. USDC has recently become the first dollar-backed digital asset to be supported by PayPal.
8# Polkadot (DOT)
Polkadot is often described as “a network for the Internet” as it seeks to break down the barriers between blockchains and allow users to interact with different blockchain applications no matter which chain dominates the back end. DOT currently has a total market value of over $4 billion and has some big institutional investors behind it.
