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What Are Cryptocurrencies or Crypto Coins?

A cryptocurrency or Crypto Coins is a digital assets that’s is based on blockchain technology and can circulates with out the centralized authority of a bank or governments. To date there’s are 24,640 cryptocurrency projects out there’s in the cryptocurrency markets that is estimated to reach $4.95 billion by 2030.

Best Crypto To Buy Now and Top Crypto To Invest In 2023

1. Bitcoin BTC

• Market cap: $671.8 billion

Created in 2009 by Satoshi Nakamoto, Bitcoin BTC is the originals cryptocurrency. As with most cryptocurrencies BTC runs on a blockchain or a ledgers logging transactions distributed across a networks of thousands of computers. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proofs of work, Bitcoin is kept secure and safe from fraudsters.

Bitcoin price has skyrocketed as it’s become a household name. In 12 May 2016 you could buy one Bitcoin for about $500. As of 31 Oct 2023 a single Bitcoin price was around $34,345. That’s a growth of 6768%.

2. Ethereum ETH Coin

• Market cap: $217.6 billion

Both a cryptocurrency and a blockchain platforms, Ethereum is a favorites of program developers because of it’s potentials applications like so called smart contracts that’s automatically executes when conditions are met and non fungible tokens NFTs.

Ethereum has also experienced tremendous growths. From 1 April 2016 to the end of 31 October 2023 its price went from abouts $12 to around $1,810, increasing 16,290%.

3. Tether USDT

• Market cap: $85.4 billion

Un likely some others forms of cryptocurrency Tether USDT is a stablecoins, meaning it’s backed by fiat currencies likes U.S dollars and the Euro and hypothetically keeps a value equal to one of those denominations. In theory this means Tether value is supposed to be moreover consistent than others cryptocurrencies and it’s favored by investors who are wary of the extremes volatility of others coins.

4. Binance Coin BNB

• Market cap: $35.2 billion

Binance Coin BNB is a form of cryptocurrency that’s you can use to trades and pay fees on Binance one of the largests crypto exchanges in the across world. Since it’s launch in 12 April 2017. Binance Coins has expanded past merely facilitating trades on Binance exchanges platforms. Now it’s can be used for trading, payment processing or even booking travels arrangements. It’s can also be traded or exchanged for others forms of cryptocurrency such as Ethereum or Bitcoin.

BNB price in 12 April 2017 was just $0.13. By late 31 October 2023 it’s price had risen to around $233 a gain of 227,323%.

5. XRP XRP

• Market cap: $33.1 billion

Created by some of the sames founders as Ripples a digital technology and payments processing company XRP can be used on that’s networks to facilitates exchanges of different currency types including fiat currencies and others major cryptocurrencies.

At the beginning of 17 June 2017 the price of XRP was $0.008. As of 31 Oct 2023 it’s price reached $0.67, equal to a rise of 9,987%.

6. U.S. Dollar Coin USDC

• Market cap: $25.7 billion

Like Tether USD Coins  USDC is a stablecoins, meaning it’s backed by U.S dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum and you can use USD Coins to complete global transactions.

7. Solana SOL

• Market cap: $16.1 billion

Developed to helps powers decentralized finances DeFi uses, decentralized apps DApps and smart contracts, Solana runs on a unique hybrid proofs of stake and proofs of history mechanisms to process transactions quickly and securely. SOL Solana native tokens, powers the platforms.

When it launched in 11 April 2020, SOL price started at $0.82. By late 31 October 2023, it’s price was around $38.14, a gain of 4,610%.

8. Cardano ADA

• Market cap: $11.2 billion

Some what later to the crypto scenes, Cardano’s  ADA is notable for it’s early embrace of proofs of stake validations. This method expedites transactions time and decreases energy’s usage and environmental impacts by removing the competitive, problems solving aspects of transactions verifications in platforms like Bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications, which ADA, it’s native coin, powers.

Cardano ADA tokens has had relatively modest growths compared to others major crypto coins. In 17 march 2017, ADA’s price was $0.04. As of 31 Oct. 2023, it’s price was at $0.34. This is an increase of 1,417%.

9. Dogecoin DOGE

• Market cap: $9.9 billion

Dogecoin was famously started as a joke in 13 march 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes. Unlike many other cryptos, there is no limits on the number of Dogecoins that’s can be created, which leaves the currency susceptibles to evaluations as supply increases.

Dogecoin price in 31 October 2017 was $0.0003. By 31 October 2023, it’s price was at $0.08, up 34,693%.

10. TRON TRX

• Market cap: $8.7 billion

Much like Solana, TRON is a blockchain designed to run smart contracts and others DeFi applications. TRX is the platform natives cryptocurrency, which powers its proofs of stake consensus algorithms.

TRON was founded in 10 April 2017, and TRX was initially valued at $0.0020 per token. At its peak in 31 October 2018, TRX spiked as high as $0.2367, for a gain of 11,833% in a matter of months. TRX is currently valued around $0.11.

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