With a market valuation (market cap) of US$834 billion, the world’s first crypto is the most stable and profitable, paving the way for others to pursue.
Ethereum regained its position as the second biggest coin by market valuation in 2018 and has remained there ever since.
Tether, unlike the other cryptocurrencies, is regarded as a stablecoin, which tries to keep cryptocurrencies pricing constant throughout the industry.
Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume.
Cardano was founded back in 2017, and named after the 16th-century Italian polymath Gerolamo Cardano.
To begin with, it’s important to understand the difference between XRP, Ripple, and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet.
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (Defi) solutions.
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks.
According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements.
Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds.
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