Almost everyone has a penny in it these days: cryptocurrency. Quite a lot of money is involved in this digital currency. Exactly how much money, these days, regulates the five most popular crypto currencies, MASTERS lists for you.Text: Patrick StofferIt must have caused many a person quite a bit of stress recently: the fluctuating prices of digital currencies. The times when people could cash in with their crypto currencies have been far away in recent times. Nevertheless, circulation in these digital coins is still in full swing and the crypto market could count on billions. Here are the five biggest crypto coins with their current market capitalization.
USD Coin (2018) is a stablecoin, which is linked to the US dollar. The so-called "fiat currency" is always linked to the value of the dollar or euro. Does the dollar or euro rise in value? Then the coin rises with it. The goal of this coin is to create an ecosystem in which the USD Coin is accepted by as many exchanges, dApps and service providers as possible. Currently, the price stands at €0.86 and about €45.2 billion circulates in this coin.
BNB was launched in 2017 as a utility token. These are tokens whose function is to use a particular service or product. The buyer of this type of token pays the issuer so that a company can develop a product that the buyer can later buy back for a relevant service. In short, a token to fund a crowdfund. At the time of writing, BNB has a price of €364 with a total market cap of €60.1 billion.
This digital valuation, launched in 2014, aims to mirror the U.S. dollar. The idea behind this is to create a stable cryptocurrency that can be used like digital dollars or stablecoins. Thus, the value of this crypto is linked to the U.S. dollar. The current price of the coin is €0.88 and has a total market value of €68.3 billion.
Ethereum and Ether are two separate things. Ether allows one to pay within Ethereum's network. The latter is a network on which decentralized applications are built and launched. This can be seen as the backbone of a new kind of Internet. For a coin of the number two in this ranking, you now pay €2.7 thousand with a market capitalization of €325 billion.
Not surprisingly, this coin, which was launched in 2009, is consistently ranked No. 1 and will be for some time to come. Its founder is known by a pseudonym, Satoshi Nakamoto. Nakamoto's identity is unknown to this day. The currency is designed as a digital means of payment that allows people to send transactions to each other without the involvement of a third party, such as a bank. Buy a whole Bitcoin? Then today you will pay as much as €38.1 thousand. Bitcoin's market capitalization is €723 billion.
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