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There were many technical barriers that could have affected the bitcoin price negatively, like retail payment issues, privacy and security issues, but instead of all these negative points, bitcoin managed to enhance its market value/FILE

Opinion

Top 5 cryptocurrencies by market capitalization

Who knew there will be a time when we’ll use digital currencies to trade and invest as an alternative to paper money? Today, owning these popular cryptocurrencies not only emanates a sense of safety for our money but also relieves from government controls and large taxes.

Apart from its high volatility, any cryptocurrency you see today can either grow your fortune or make you bankrupt overnight due to its always changing market capitalization. However, a few valuable software’s help you make the work quite easy so you can play safe and generate sufficient money.

Thus, here are top 5 cryptocurrencies by market capitalization concerning their current market value and popularity in the market.

Bitcoin

Needless to say, bitcoin has proved to be king of all cryptocurrencies due to its continuously increasing market capitalization from the last few years. Without involving any middle man, bitcoin has been the first-ever cryptocurrency with the largest market share to exist.

Founded in 2009 by an anonymous person, this specific cryptocurrency has a supply ratio of 21,000,000 BTC at the present time.

Besides the high profitable outcomes of investing in bitcoin, it can anytime lose the position of being the most successful cryptocurrency. In that regard, bitcoin storm software – an automated trading software has helped countless investors to set favorable deals with no risk of money loss.

Ethereum Blockchain 

Commonly known as Ether, it rests on the second top cryptocurrencies by market capitalizations. Ethereum holds the worth of nearly $138.3 billion market cap till this January, with crossing the production of more than 110,493,061 ETH in the market.

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It was initially launched as the native currency of the Ethereum blockchain in 2013 by Vitalik Buterin. But today, Ether plays a vital role in contributing to the smooth operation of decentralized software that aids in promoting the protected trade of commercial products.

Much like bitcoin storm software, it also has its own decentralized software that helps in the formation of smart contracts, easy transactions, and positive outcomes with the least risk factor.

Ripple 

This innovative creation of Ran Fugger is serving as the only commercial blockchain company, allowing a secure, hassle-free, and simple money transaction. It was introduced in 2020, this cryptocurrency has acquired vast preference, consideration, and trust in a very short span.

Ripple aims to provide a digital currency system that is free from third-party interference, making cross-border transactions secure, quick, and effective. It works on a convenient peer-to-peer decentralized platform that offers a myriad of currency exchanges.

Ripple- a well-known global payment network, is today operated by diverse bankers, governments, businessmen from 40+ countries around the globe.

Tether

Tether is a comparatively safer, stable, and reliable cryptocurrency in this list. It aims to stabilize the price fluctuations and serve as a convenient medium of money transfer. Its value is directly proportional to the US dollar rate and possesses less volatility in the transaction of traditional currencies.

Also known as the E-block chain platform, Tether has a huge supply of 6,350,000 USDT to help people change their assets into digital money without any complexity. Due to the financial certainty it offers, this cryptocurrency has got an immense share of customers who are suffering from crises or have less capital to invest.

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Litecoin 

Not much different from bitcoin, Litecoin is an effective, affordable, and easily-accessible version of bitcoin, taking up the position of highly purchased cryptocurrency globally. With zero technicality involved, Litecoin offers a better transaction speed, a secured working algorithm, and availability for minimum transactions too.

As per the creator of Litecoin Charlie Lee, it was aimed to provide an open-source global payment platform for the maximum number of safe transactions daily. Regarded as ‘silver to gold’s bitcoin,’ Litecoin has surpassed the supply of 84,000,000 LTC with a price of $234.80 per token.

Conclusion:

Cryptocurrencies are now no longer a risky, unprofitable investment; instead, they are a surety of building up assets in the most secure form of money-digital currency.

The current trends and values of market capitalization are accurate for now but can fluctuate at any time. All of the mentioned top cryptocurrencies by market capitalization works incredibly in enabling instant payments anywhere, anytime, and to anyone around the globe.

 

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