Each quarter, Binance reduces the supply of digital coins based on trading volume. Investors who pay transaction fees with Binance Coin receive discounts. It’s the native coin on the Binance exchange and currently has a market cap of over US$96 billion. Therefore, Binance Coin (CRYPTO: BNB) is crowned as the third-most-popular digital coin on the market. Whether or not the cryptocurrency knocks Bitcoin out of the top spot in the future, Ethereum appears to be in a good position to stand the test of time.īinance operates the biggest cryptocurrency exchange in the world. In particular, Ethereum is well-suited for creating non-fungible tokens (NFTs).
Its blockchain supports smart contracts that can be used in a wide range of applications. The key edge for Ethereum is its real-world utility. But some believe that Ethereum will be the next Bitcoin. Its market cap is hovering around US$500 billion, less than half the size of Bitcoin. 2 to Bitcoin on the list of the most popular cryptocurrencies. Bitcoin is even viewed by some investors as a good hedge against inflation since there will never be more than 21 million Bitcoin tokens in circulation.Įthereum (CRYPTO: ETH) ranks as a somewhat distant No. It’s more widely accepted than any other digital coin, mainly because it’s been around longer. Bitcoin continues to enjoy the advantage of being the first cryptocurrency to hit the market. If Bitcoin were a company, it would be bigger than Meta Platforms (formerly known as Facebook) and Tesla. Its market cap currently stands at nearly US$1.1 trillion. There’s absolutely no surprise whatsoever that Bitcoin (CRYPTO: BTC) still reigns as the world’s most popular cryptocurrency.
As reported by Reddit, here are the top 10 cryptocurrencies that will make you rich in January 2022. By mid-October, the price had risen rapidly again: it hit an all-time high above $66,000 before falling back. The most popular cryptocurrency, bitcoin, has had volatile price moves this year, reaching nearly $65,000 in April before losing half its value in May. Much of the interest in these unregulated currencies is to trade for profit, with speculators at times driving prices skyward. These cryptocurrencies investments will be the highlights of January 2022Ī cryptocurrency (or “crypto”) is a digital currency that can be used to buy goods and services and uses an online ledger with strong cryptography to secure online transactions.
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