The digital currency landscape boasts over 12,000 cryptocurrencies. While not all are accessible on exchanges, they exist, with some necessitating their own dedicated wallets. Among these are numerous altcoins like USD Coin (USDC), XRP (XRP), Solana (SOL), Binance USD (BUSD), and others.
The abundance of coins and tokens is attributed to the relatively straightforward process of creating new cryptocurrencies. However, approximately 87% of the crypto market capitalization is dominated by the top 20 virtual currencies.
The inaugural commercial bitcoin transaction occurred on May 22, 2010, when a person in Florida exchanged 10,000 bitcoins for two pizzas. This event marked the beginning of using bitcoins for commercial purposes. At the time, the 10,000 bitcoins were valued around $40, translating to less than half a cent per bitcoin. However, by September 2022, the value of those 10,000 bitcoins skyrocketed, now worth over $190 million, making the original buyer a bitcoin millionaire.$BTC
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