In today’s age which crypto coins are the most successful?
The Most Powerful
Here is the checklist of all the major coins in the market.
On number one, we have the creator of the crypto era, Bitcoin. The coin people refer to or set an example of when talking about digital currency. The man Satoshi Nakamoto also known as the Father of Cryptocurrency started the cryptocurrency in 2009, and it has turned into one hell of a ride never-ending ride. However, experts say that the real popularity of cryptocurrencies began to shoot after 2017 within the common masses.
Current Price: $43,368.34 (3rd March, 2022)
Market cap: $820 billion (3rd March, 2022)
After Bitcoin, only one name will come to your mind: Ethereum. Ethereum is the name for the cryptocurrency platform, the second most potent crypto globally. The Ethereum system allows you to use Ether (the actual currency), it is a very versatile currency buying, and selling is just one of its functions. You can use Ethereum to make a new coin or token, create smart contracts, or even decentralized NFTs and apps. The smart contract aspect of Ethereum has made it very popular.
Price: $2,904.64 (3rd March, 2022)
Market cap: $347 billion (3rd March, 2022)
The holy grail of stable coins is always at $1 per coin. So what is a stable coin? A stablecoin always goes hand in hand with the value of a specific asset. In the case of Tether, it is the U.S. Dollar. Tether is often used as a bridge by other traders to switch from one cryptocurrency to various. Instead of using the dollar (fiat money), they use Tether. But some people feel it is unsafe to use Tether as it is not backed by the dollars in the reserves but instead uses a short-term form debt, considered unsecured.
Price: $1.00 (3rd March, 2022)
Market cap: $79 billion (3rd March, 2022)
Binance Coin is the cryptocurrency developed by Binance, and it is hailed as one of the largest crypto exchanges on the globe. The original purpose of the token was to be used for discounted trades, but now Binance Coin can be used for payments, and traders use it to purchase different goods and services.
Binance Coin (BNB)
Price: $407.35 (3rd March, 2022)
Market cap: $67 billion (3rd March, 2022)
Remember Tether? Meet its brother USD Coin, a stablecoin valued as much as the dollar, meaning the value never fluctuates. In a statement, the currency’s founder said it’s backed by the entire reserve assets or those with “equivalent fair value,” and it is claimed that the assets are held in accounts with regulated U.S. Institutions.
USD Coin (USDC)
Price: $1.00 (3rd March, 2022)
Market cap: $53 billion (3rd March, 2022)
The cryptocurrency created by the platform Cardano is ADA. In the market, it is known as ADA. Although the co-founder of Ethereum established it, Cardano also uses the feature of smart contracts, which helps in enabling identity management.
Price: $ 0.9144 (3rd March, 2022)
Market cap: $30 billion (3rd March, 2022)
Launched in March 2020, Solana is a very new cryptocurrency. It became famous because it flaunts its transaction speed, being faster than Ethereum, and the overall robustness of the “web-scale” platform. Hence, the issuance of the currency is called SOL. However, the currency only has 480 million coins.
Price: $98.97 (3rd March, 2022)
Market cap: $31 billion (3rd March, 2022)
The market name of the XRP coin is Ripple, and it was created in 2012. XRP is connected to various real-world fiat currencies. Ripple is useful for cross-border transactions and trading, and it uses a trust-less mechanism to help with additional payments.
Price: $0.7657 (3rd March, 2022)
Market cap: $36 billion (3rd March, 2022)
Luna is the name of the currency created by Terra. What is Terra? Terra is the platform that assists in fencing different types of stable coins with the help of real currencies (fiat money) such as the dollar or euro. Furthermore, Terra also assists in stabling the prices of stablecoins through different technical aspects while supporting various smart contracts.
Price: $92.73 (3rd March, 2022)
Market cap: $34 billion (3rd March, 2022)
Established in May 2020, Polkadot is a digital currency that helps blockchain technology connect to various cryptocurrencies. Polkadot was invented by one of the co-founders of Ethereum. Many crypto experts believe the primary goal of Polkadot is to dethrone Ethereum.
Price: $18.17 (3rd March, 2022)
Market cap: $18 billion (3rd March, 2022)