Cryptocurrency course Multan to know the top 10 cryptocurrencies of 2022
Cryptocurrency
Cryptocurrencies are digital assets that can be circulated without the central authority of banks or governments. To date, he has over 20,000 cryptocurrency projects representing the entire $952 billion crypto market.
1. Bitcoin (BTC)
Market cap:
$377 billion
Bitcoin (BTC) is the original cryptocurrency created by Satoshi Nakamoto in 2009. Like most cryptocurrencies, BTC runs on a blockchain or ledger, recording transactions spread across a network of thousands of computers. Bitcoin is secure and protected from fraudsters because additions to the distributed ledger must be verified by solving a cryptographic puzzle, a process called proof of work.
Bitcoin price skyrocketed and became a household name. In May 2016, you could buy Bitcoin for around $500. The price of one Bitcoin on September 30, 2022 was approximately $19,531. This is him over 3,800% growth.
Related:
How to buy Bitcoin
2. Ethereum (ETH)
Market cap:
$165 billion
As both a cryptocurrency and a blockchain platform, Ethereum is open for potential applications such as smart contracts that automatically execute when conditions are met. Not fungible and a favorite of program developers. Token (NFT).
Ethereum is also experiencing phenomenal growth. From April 2016 to the end of September 2022, the price went from around $11 to around $1,388, an increase of around 12,518%.
Related:
How to Buy Ethereum
3. Tether (USDT)
Market Cap:
Euros is $67 billion, hypothetically holding equal value to one of these denominations. In theory, this means that Tether's value is more stable than other cryptocurrencies, making it preferred by investors wary of the extreme volatility of other coins.
4. US Dollar Coin (USDC)
Market Cap:
$47B Similar to
Tether, USD Coin (USDC) is a stable coin. USDC is powered by Ethereum and can use USD Coin to complete global transactions.
5. Binance Coin (BNB)
Market Cap:
$46 Billion
Binance Coin (BNB) is a type of cryptocurrency that allows you to trade and pay fees on Binance, one of the largest cryptocurrency exchanges in the world. . Since its launch in 2017, Binance Coin has not only facilitated trading on Binance's exchange platform. Now it can be used for commerce, payment processing and even booking travel arrangements. It can also be exchanged or redeemed for other forms of cryptocurrency such as Ethereum and Bitcoin. In 2017,
BNB was priced at just $0.10. By the end of September 2022, its price had risen to about $283, up about 282,900%.
Related:
How to Buy Cryptocurrencies
6. XRP (XRP)
Market Cap:
$24 billion
On this network, you can buy various types of currencies, including fiat currencies and other major cryptocurrencies. to facilitate replacement.
In early 2017, the price of XRP was $0.006. from September On February 30, 2022, the price reached $0.48, up 7,900%.
7. Binance USD (BUSD)
Market Cap:
$21B
Binance USD (BUSD) is a stable coin founded by Paxos and Binance to create a US dollar-backed cryptocurrency. To maintain this value, Paxos will hold an amount in US dollars equal to his total BUSD supply. Like other stable coins, BUSD offers traders and crypto users the ability to trade in other crypto assets while minimizing the risk of volatility.
8. Cardano (ADA)
Market cap:
$14 billion
A little later in the crypto scene, Cardano (ADA) is famous for its early adoption of proof-of-stake verification. This method shortens transaction times and reduces energy consumption and environmental impact by removing the competitive problem-solving aspect of transaction validation on platforms like Bitcoin. Cardano also functions like Ethereum, enabling smart contracts and decentralized applications that support its native coin, ADA.
Cardano's ADA token is growing relatively slowly compared to other major cryptocurrencies. The ADA price in 2017 was $0.02. The price on September 30, 2022 was $0.44. This is a 2,100% increase.
9. Solana (SOL)
Market cap:
$12 billion
Built to support the use of decentralized finance (DeFi), decentralized apps (DApps) and smart contracts, Solana is a unique hybrid proof-of-stake and proof Works out of history A mechanism to process transactions quickly and safely. Solana's native token, SOL, powers the platform.
At launch in 2020, SOL prices started at $0.77. By the end of September 2022, the price was around $33.72, an increase of around 4,279%.
10. Dogecoin (DOGE)
Market cap:
$8 billion
Dogecoin started as a joke in 2013 but quickly grew into a prominent cryptocurrency thanks to a dedicated community and creative memes. Unlike many other cryptos, there is no limit to the number of Dogecoins that can be created, making the currency susceptible to devaluation as supply increases. The price of
Dogecoin in 2017 was $0.0002. By September 30, 2022, the price is $0.06, up 29,900%.
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