How Many Types of Cryptocurrencies Well you are right place in this mega guide to We’ll talk about more than 100 Cryptocurrencies. The intention of this guide is not to predict which cryptocurrencies will increase in price or be more valuable; neither is it a tool to evaluate them. We have prepared this guide with the goal of providing information about the different types of cryptocurrencies that exist, the problems they are solving and their characteristics, use cases, and future plans.
How Many Different Cryptocurrencies Types are there?
There are many different types of cryptocurrencies. There are more than 1300 different types of them, in fact. Each cryptocurrencies is unique in its own way and has its own purposes, advantages, and disadvantages. Some of them are used to buy and sell goods and services, to store value, or to make transactions. Each one has its own specific use case and its own history. Some of them are more popular and widely used; others are just picking up steam and getting ready to explode. I will try to cover the most popular ones in this blog post, so you can learn more about them and decide whether or not you should invest.
Largest cryptocurrencies by market cap
- Price: $23,276
- Market cap: $451 billion
Bitcoin (BTC) is the most popular cryptocurrency in the world, and it’s not hard to see why. The project was the first to introduce the world to blockchain technology, which has since been used to create hundreds of other digital currencies. Bitcoin may have started out as a hobby for a select few tech-savvy enthusiasts, but today it has become a real financial asset that is traded and used on a daily basis by millions of people all over the world.
- Price: $1,560
- Market cap: $190 billion
Ethereum second most valuable cryptocurrency after Bitcoin. ETH is the one cryptocurrency that is giving Bitcoin a run for its money right now. It has a market capitalization of over $35 billion. It is being used as a decentralized platform for applications and contracts. Many other companies are building on top of it and new apps are created every day that run on top of Ethereum blockchain.
- Price: $1.00
- Market cap: $66 billion
Tether is not backed by any hard currency, nor does it have a physical presence. Instead, Tether is backed by the exchange rate between dollars and cryptocurrencies. One Tether is worth $1 and is 100% backed by the exchange rate with traditional currency. For example, if the price of Bitcoin increased from $5,000 to $6,000, the price of Tether would also increase from $1 to $1.05.
USD Coin (USDC)
- Price: $1.00
- Market cap: $55 billion
USD Coin (USDC) Cryptocurrency: A Brief Overview. Earlier this year, Coinbase announced the launch of USDC, a new stable digital currency developed through a collaboration of Coinbase, Circle, and Goldman Sachs. USDC is a stable coin pegged to the Dollar. This means that one USDC is worth one dollar. In addition to being a stable currency, USDC will also be fully collateralized by US dollars, held at FDIC-insured banks, and subject to monthly audits to ensure the integrity of the currency.
Binance Coin (BNB)
- Price: $269
- Market cap: $43.10 billion
Binance Coin (BNB) is the coin of Binance cryptocurrency exchange. The Binance Exchange is the largest cryptocurrency exchange in the world. That is why it is one of the best cryptocurrency exchanges to invest in. You can learn more about Binance Exchange in my Binance Exchange Review. Binance Coin (BNB) is an ERC-20 token on the Ethereum network. ERC stands for “Ethereum Request for Comments,” and it’s a set of standards used for smart contracts on the Ethereum network.
Binance USD (BUSD)
- Price: $1.00
- Market cap: $18 billion
One of the most exciting parts of the crypto world recently is the listing of new coin on popular exchanges. Binance is one of the largest exchanges in the world of cryptocurrency. The largest exchange is adding a new coin to its exchange every week. Binance has its own token called BNB. If you want to purchase any ICO token then you need to buy BNB token first. Then you can use BNB token to purchase ICO token in Binance exchange.
Doge coin (DOGE)
- Price: $0.05898
- Market cap: $8 billion
This coin is one of the most famous and popular cryptocurrency. Goge coin is famous for its logo, a Shiba Innu dog and its community. The coin is used as a token of appreciation to the community. Doge coin was launched on December 8, 2013 and has a current market cap of $1.56 billion, with a 24h volume of $39.99 million.
- Price: $0.4139
- Market cap: $14 billion
Cardano is the latest cryptocurrency on the market. It is the first cryptocurrency to be based on a scientific philosophy and built on peer-reviewed academic research. Cardano is a fully open-source, decentralized, public blockchain and cryptocurrency project. Cardano is developing a smart contract platform which seeks to deliver more advanced features than any protocol previously developed. It is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach.
The development team consists of a large global collective of expert engineers and researchers. Emphasis is placed on the use of peer-reviewed cryptographic technologies, and the platform is built with the most advanced cryptography and game theory. Cardano is the first blockchain platform to evolve out of a scientific philosophy and a research-first driven approach. The development team consists of a large global collective of expert engineers and researchers. Emphasis is placed on the use of peer-reviewed cryptographic technologies, and the platform is built with the most advanced cryptography and game theory.