Detailed discussion on top 5 cryptocurrency
Hello everyone I am @shahariar1 mod of Steem of Animals Community.I am From #Bangladesh
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Certainly! We should dive into the top digital currencies. The following are five notable ones:
BTC (Bitcoin):
- Market cap: $1.3 trillion
- Year-over-year return: ** 147%**
- Made in 2009 by Satoshi Nakamoto, Bitcoin is the first digital currency. It uses a blockchain and is protected by a method known as "proof of work." On May 7, 2024, the price of one Bitcoin will be approximately $63,540.
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Ethereum (ETH):
- Market cap: $357.2 billion - Return over time: ** 65%**
- Ethereum fills in as both a digital money and a blockchain stage. Due to its potential applications, such as "smart contracts" and "non-fungible tokens" (NFTs), it is popular with developers. From approximately $11 in April 2016 to approximately $3,072 in May 2024, its price has increased dramatically.
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Tie (USDT):
- Revenue: $111.0 billion - Return over time: ** 0% - Tether is a stablecoin that is supported by fiat currencies like the Euro and the US dollar. It holds back nothing, it a decision for financial backers careful about outrageous unpredictability in different coins.
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Binance Coin (BNB):
- Market cap: $84.9 billion
- Year-over-year return: ** 87%**
- BNB is utilized for exchanging and paying charges on Binance, one of the biggest crypto trades universally.
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Solana (SOL):
Although the data I have only covers the year 2021, Solana has experienced impressive growth. As of then, at that point, it had an arrival of 9,374%. Platforms like CoinMarketCap provide the most recent information on the most popular cryptocurrencies.
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Recall that the crypto market is dynamic, so consistently stay informed and consider enhancement while money management!
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