Most Expensive Cryptocurrencies
Cryptocurrency is a form of digital currency that uses cryptography to secure its transactions, control the creation of additional units, and verify the transfer of assets. While there are numerous cryptocurrency options available today, some are more expensive than others. Here’s a look at the five most expensive cryptocurrencies in terms of market capitalization as of 2021:
1. Bitcoin (BTC) – The world’s first decentralized digital currency, Bitcoin was launched in 2009 and has since become the most valuable cryptocurrency on the market with a current market cap over $1 trillion USD. It remains one of the top choices among traders due to its low transaction fees and strong security measures.
2. Ethereum (ETH) – Ethereum is an open-source blockchain platform with smart contracts functionality that enables developers to create their own applications on it. It has been growing rapidly since its launch in 2015 due to its capabilities for creating distributed applications built on blockchain technology. Its current market cap stands at around $200 billion USD making it one of the most valuable cryptocurrencies out there today.
3. Ripple (XRP) – Created by Ripple Labs Inc., XRP is primarily used as a payment system between banks and other financial institutions across borders much faster than traditional methods such as bank wiring or check payments can offer them which makes it attractive for investors looking for fast returns from their investments in this asset class.. Its current value sits at around $80 billion USD making it one of the priciest cryptocurrencies currently available on exchanges..
4 Binance Coin (BNB) – Binance Coin is an ERC20 token created by Binance exchange as part of their native coin offering back in 2017 when they launched their mainnet trading platform called Binance Chain . In addition to being used within Binance exchange ecosystem , all users have access to discounts when trading various crypto assets . Currently valued at almost $60 billion , this crypto coin offers quick liquidity through high volume trades along with steady growth potential .
5 Tether (USDT ) – This stablecoin backed by US dollar reserves provides protection against volatility experienced during volatile markets . As such , many traders trust Tether ’ s stability compared to other cryptos like Bitcoin or Ethereum . Furthermore , customers may also use tether coins for international remittances or even store them until better opportunities arise . With a total value close to fiftybillion dollars ,Tether stands proud amongst someofthemostvaluablecryptocurrenciestoday
