If Bitcoin were listed on the New York Stock Exchange (NYSE), the 7th biggest market capitalization would be in place. However, the oldest cryptocurrency in the world is not the only one that gives conventional inventories competition.
Furthermore, taken combined, the top 9 cryptocurrencies are worth more than $1.2 trillion. Moreover, Ether, Cardano, Ripple XRP, amongst the top 10 popular cryptocurrencies.
Specific currencies, trade-in more significant quantities on any day. But these currencies are typically in the top 9 of their overall market capitalization.
USDT is a stablecoin that replicates the U.S. dollar price—issued by Tether, a Hong Kong corporation.
Tether, meant to be attached to the dollar. Whereas, other cryptocurrencies frequently vary in value. The price of Tether is usually $1. This is not always the case, though, and tether fluctuations have frightened investors in the past.
According to CoinMarketCap, the price for Tether today is US$1.00, and the trading volume is US$85,514,982,340.
It is the first decentralized cryptocurrency to acquire a follow-up and become big enough to produce selected scenarios utilized as an online means of exchange.
Bitcoin still dominates the portfolio and gets the news, helping to boost the awareness of other cryptocurrencies.
According to CoinMarketCap, the current Bitcoin price is $49,655.39 with $39,273,756,818 US$ in 24 hour trading volume.
Not just a currency, Ethereum uses the blockchain to allow additional crypto-applications. As Capgemini consultancy has stated, it serves as a framework for ‘intelligent contracts’ that improve financial governance.
Additional crypto ‘tokens’ — based on existing Blockchains — such as Tether (USDT) and Binance Coin maintain a high profile and are based on Ethereum technology.
According to CoinMarketCap, the price of Ethereum today is US$3,761.32, with a 24-hour volume of trading of US$30,278,123,221.
Ethereum Classic (ETC)
Ethereum Classic (ETC), an Ethereum hard fork released in July 2016. Its primary purpose is to host and facilitate decentralized applications (Dapps) as a smart contract network. Its original token is ETC.
Since its inception, Ethereum Classic has tried to distinguish itself from Ethereum, with the technological route map of the two networks separating over time.
According to CoinMarketCap, the current price of Ethereum Classic is $67.94, with a 24-hour trading volume of $5,885,779,706 USD.
Cardano, considered the ‘environmentally friendly’ cryptocurrency as it tries to avoid the energy-intensive elements of the Bitcoin mining process.
It is the first significant cryptocurrency based on the Proof-of-Stake concept. This approach implies that everyone who owns Cardano may vote on its direction.
According to CoinMarketCap, today’s Cardano price is $3.00 USD, with a 24-hour trading volume of $5,830,331,232 USD.
Binance USD (BUSD)
Binance USD (BUSD) is USD-backed, a 1:1 stable currency issued by Binance. It is approved and governed by the National Financial Department (NYDFS) of New York. Moreover, the BUSD Monthly Audit report can be accessed from the official website.
Stablecoin plays a significant role in transactions, payments, settlements, and decentralized finance, based on price stability (DeFi).
According to CoinMarketCap, the price of Binance USD today is US$$0.999 with a 24-hour trading volume of US$5,759,226,862.
Ripple is the blockchain network name, while XRP is the currency name. It is one of the largest cryptocurrencies on the market. Moreover, scrutinized by the SEC because of its effect on fiat currencies.
The ongoing lawsuit will decide whether XRP under U.S. Securities Law is an investment agreement – and, therefore, security. The decision may also establish the precedent for how XRP is handled elsewhere in the globe.
According to CoinMarketCap, today’s XRP price is US$1.25, with a trading volume of $5,128,921,471 over 24 hours.
Solana, designed for decentralized financing solutions (DeFi) operating on top of its blockchain. Furthermore, its integration with tokens from other networks enhances the app developers’ appeal.
Unlike other blockchains, which utilize either Proof-of-Stake or Proof-of-Work to authenticate transactions. Solana is important as to employ Proof-of-History consensus where every computer processes and agrees on the sequence of occurrences.
According to CoinMarketCap, the price of Solana today is USD $112.00 with a 24-hour volume of $3,736,756,365 dollars.
Coin USD (USDC)
USD Coin (known as its USDC ticker), a stablecoin attached on a 1:1 basis to the U.S. dollar. Moreover, each unit of this outstanding cryptocurrency, backed by $1 in reserve in a mixture of cash and short-term U.S. Treasury bonds.
The consortium behind this product states that approved financial institutions issue USDC. Overall, the objective, to establish an environment where USDC acceptance increased, often by wallets, merchants, service providers, and Dapps.
According to CoinMarketCap, the price of USD Coin is $0.998 USD today, with a trading volume of $3,239,284,172 USD over 24 hours.
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