Bitcoin(BTC) the Cryptocurrency King
Current price:$58,321.83
Market cap:$1.15T
To affirm its position among the most valuable markets Bitcoin got to 1 trillion dollars. Bitcoin can be regarded as the first and the most important application of the blockchain technology that introduced cryptocurrency. Whereas most of the time the market is followed by Bitcoin. Altcoins, therefore, tend to increase when BTC shows bullish characteristics. But, if we take Bitcoin being an asset into consideration, it looks far more stable when compared to other coins.
Ethereum(ETH) Leading the DeFi Revolution
Current price:$2,523
Market cap:$303B
Ethereum also remains top among the others with the second largest market capitalization, and it remains an essential part of the DeFi landscape. It is famous for the efficiency of smart contracts, and one can create dApps or other tokens on Ethereum. This has brought about ether as the native cryptocurrency of Ethereum because Defi is built on Ethereum.
Solana(SOL): The Emerging Contenders
Current price:$131.7
Market cap:$61.2B
Scalability and the capability of quickly processing transactions make Solana one of the most popular platforms among developers, but it still occupies a lesser share of the DeFi market. Its Proof of Stake (PoS) consensus has benefits compared to Bitcoinâs Proof of Work, so Ethereum is more applicable and fast.
Cardano(ADA) Commitment to Decentralization
Current price:$0.332
Market cap:$11.9B
Cardano is an ecosystem, which was launched in 2017 and over the specified period, it has gained popularity. Through its Proof of Stake platform, Cardano intends to contribute to the launch of positive change in the entire world and drive the decentralization of applications and smart contracts. It has a stable floor and is environment friendly for sting, and as such, it is a favorable platform for investment, particularly to new investors.
Litecoin(LTC) Continued Relevance
Current price:$64.35
Market price:$4.8B
Litecoin is one of the earliest cryptocurrencies that resembles Bitcoin in most aspects but provides the opportunity to make transactions faster and with less commission, suitable for micropayments. Litecoin, however, continues to remain among the twenty largest digital currencies by market capitalization as newer cryptocurrencies are introduced into the market.
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