- TOP 10 CRYPTOCURRENCIES OF MARCH 2024
There are thousands of different Cryptocurrencies, I'm here to let you know the top 10 Cryptocurrencies based on their market capitalization or the total value of all the coins in circulation
1. BITCOIN
Creates in 2009 by Satoshi Nakamoto, Bitcoin is the original cryptocurrency. BTC runs on a blockchain or ledger logging transaction distributed across network of thousands of computers .
Bitcoin's price has skyrocketed as it's become a household name. In May 2016, ones Bitcoin was about $500, but today it's over $63,000.
2. ETHEREUM
Both a Cryptocurrency and a blockchain platform, It's a favorite of program developers because of its potential applications.
ETHEREUM has also also experienced tremendous growth. From April 2016 to this day.
Price is over $3,500
3. TETHER (USDT)
Market cap: $98.1 billion
Thether is a stable coin, meaning it's backed by Fiat currencies like u.s dollars and Euro and hypothetically keeps a value equal to one of those denominations and it's favoured by investors who are wary of extreme volatility of other coin.
4. BINANCE COIN (BNB)
Market cap: $58.6 billion
Binance coin(BNB) is lunched in 2017 and its a form of Cryptocurrency that you can use to trade and pay fees on BINANCE, one of the largest Exchanges. BNB prince in 2017 was just $0.10 and has risen to $3,462 today.
5. SOLANA (SOL)
MARKET CAP: $46.8 BILLION
Developed to help power decentralized finance (DEFI) uses, Decentralized apps (DApps) and smart contracts ,
When lunched I. 2020, it was #0.77. but over $130 today.
6. XRP (XRP)
MARKET CAP: $30.7 BILLION
Created by some of the same founders as ripple, a digital technology and payment processing company.
Launched in 2017, and was $0.006 and over 0.57 today.
7. U.S DOLLAR COIN (USDC)
MARKET CAP: $21.8 BILLION
Like Tether, USD Coin is a stable coin , meaning it's backed by U.S dollars and aims for a 1USD to 1 USDC ratio.
8. CARDANI (ADA)
MARKET CAP: $21.8 BILLON
Cardano works like ETHEREUM to enable smart contacts and decentralized applications, which ADA, it's native coin, powers.
Launched in 2017 and was $0.02 but about $0.61 as of today.
9. AVALANCHE (AVAX)
MARKET CAP: $14.6 BILLION
This coin delivers two important features: fast transaction speeds and low transaction fees. It's over $40 today.
10. Dogecoin
MARKET CAP: $13.7 BILLION
lauched in 2017 , unlike other cryptos, there is no limit on the number of Dogecoins that can be created, which leaves the currency susceptible to davaluation as supply increases.
The price today is over $0.11
