When people talk about cryptocurrency, many people think about Bitcoin. However, there are other numerous cryptocurrencies in the market, only that they do not have as high a value as Bitcoin does.
If you want to trade or invest in cryptocurrency, you must understand the different values of cryptocurrencies and their trends. You can look up real-time price changes on various online platforms like https://www.okx.com/markets/prices or invest in one or multiple cryptocurrencies.
Some of the common cryptocurrencies include:
Established by Satoshi Nakamoto in 2009, Bitcoin was the first cryptocurrency in the market and has become the most popular and valuable over the years.
At first, Bitcoin was not as popular as it is now and had hardly any investors until 107 when it suddenly started gaining value and attracting more and more investors. Its current market capitalization is $729 billion, with a price of $37,754 per coin.
Ethereum is the name of the blockchain platform that supports its native currency, the Ether, and other cryptocurrencies. While it is significantly smaller than Bitcoin, it has gained popularity amongst investors and traders mainly because of its smart contract feature.
Its current market cap is $321 billion, with a trading price of $2,645 per coin.
Established in May 2020, this is one of the newer cryptocurrencies but has quickly gained popularity and value. One thing that makes it popular is how fast its transactions are. It also has a solid web-scale platform.
Its current price per coin is $88.37, with a market cap of $29 billion.
This cryptocurrency is issued by one of the biggest cryptocurrency exchange platforms called Binance. It was initially developed as a token people could use to pay for discounted trade.
These days, however, people can use it to make different payments and buy goods and services on platforms that take cryptocurrency. Its current market cap is $62 billion, with a price of $372.33 per coin.
This is a stable coin, which means its price is always at $1, but its current market cap is $79 billion. Stablecoins‘ value is usually tied to specific assets, and Tether’s value is linked to the US dollar. People usually use it as a medium to change between cryptocurrencies, where they use it instead of changing their cryptocurrency to US dollars.
This is another stablecoin whose value is tethered to the US dollar, which means that its price remains at $1. It has a market value of $53 billion. The founders of the currency claim that fully reserved assets back it with an equivalent fair value stored in accounts with regulated United States institutions.
XRP was launched in 2012 and was formally referred to as Ripple. It offers people a way to make payments in various real-world currencies. It utilizes a trust-less mechanism to make payments, and you can use it to make cross-border transactions.
Dogecoin was initially created as a joke after Bitcoin’s run-up but has quickly gained the attention of many investors and traders. Unlike other cryptocurrencies that have limited existing coins, dogecoin has unlimited issuance on its coins.
Its current market cap is $18 billion, with a trading price of $0.1307 per coin.
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