Bitcoin is kept secure and safe from fraudsters . Bitcoin ’ s price has skyrocketed as it ’ s become a household name . Five years ago , you could buy a BITCOIN for about $ 500 . As of October 2021 , a single Bitcoin ’ s price was over $ 62,000 . That ’ s a growth of about 12,300 %. ( Bitcoin has a current market cap of over $ 1.17 Trillion ).
ETHEREUM ( ETH ) # 2 - Both a cryptocurrency and a blockchain platform , Ethereum is a favorite of program developers because of its potential applications , like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens ( NFTs ). Ethereum has also experienced tremendous growth . In just five years the price of Ethereum was about $ 11.00 . Fast forward to October 2021 it has a price over $ 4,400 , increasing nearly 40,000 %. ( Ethereum has a current market cap of over $ 520 Billion ).
BINANCE COIN ( BNB ) # 3 - “ The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance , one of the largest crypto exchanges in the world . Since its launch in 2017 Biance Coin has expanded past merely facilitating trades on Biance ’ s exchange platform . Now , it can be used for trading , payment processing , or even booking travel arrangements . It can also be traded or exchanged for other forms of cryptocurrency , such as Ethereum or Bitcoin . ts price in 2017 was just $ 0.10 ; as of October 2021 , it has risen to over $ 530 , a gain of more than 530,000 %. ( Binance Coin has a current market cap : over $ 88 Billion )
TETHER ( USDT ) # 4 - Unlike some other forms of cryptocurrency , Tether is a Stablecoin , meaning it ’ s backed by fiat currencies like U . S . Dollars and the Euro and hypothetically keeps a value equal to one of those denominations . In theory , this means Tether ’ s value is supposed to be more consistent than other cryptocurrencies , and it ’ s favored by investors who are wary of the extreme volatility of the coins . ( Tether has a current market cap : over $ 70 Billion ).
CARDANO ( ADA ) # 5 - Cardano came somewhat later to the crypto scene , Cardano is notable for its early embrace of proof-of-stake validation . This method expedites transaction time and decreases energy usage and environmental impact by removing the competitive , problemsolving aspect of transaction verification present in platforms like Bitcoin . Cardano also works like Ethereum to enable smart contracts and decentralized applications , which are powered by ADA , its native coin . ( Cardano has a current market cap : over $ 60 Billion )
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