Monday, May 31, 2021

The most popular cryptocurrencies outside of Bitcoin and Ether

Bitcoin and Ether are the two most popular cryptocurrencies in the world today. The digital currency, which was designed by Satoshi Nakamoto, will sound its position [...] https://www.pinterest.com/pin/1085437947660215829/

Bitcoin and Ether are the two most popular cryptocurrencies in the world today. The digital currency, which was designed by Satoshi Nakamoto, is famous for being the first of its kind in history. Additionally, it is with its help that you can buy other cryptocurrencies. Ether? That's easy, behind it is Ethereum, which is today's most popular smart-contract platform. But what about other blockchain coins? Which ones are investors betting on? We already know the answer to that question! Bitcoin, Ether and... other most popular cryptocurrencies Forbes wrote about the issue. Specifically, about a year-long survey behind the popular cryptocurrency exchange Luno. The results offer us a unique look at the most popular cryptocurrencies after Bitcoin (BTC) and Ether (ETH). This is because the company asked as many as three million of its users which coins they want to buy this year, in addition to the two largest cryptocurrencies by market capitalization. Forbes reports that it arrived at the survey data, which somehow got leaked. So what are the world's most popular cryptocurrencies besides BTC and ETH? Actually, there was no surprise. "First" place here goes to XRP, which is the Ripple token. "Second" is unspecified "other". Litecoin (LTC) and Stellar (XLM) are ranked next. This is followed by Bitcoin Cash (BCH), Binance Coin (BNB), the most famous private coin, namely Monero (XMR), and finally stablecoin USD Coin (USDC). The market seems to believe in the success of cryptocurrencies that guarantee more privacy, because Zcash was also ranked. ERC-20 Maker token (MKR) is also popular, closing the list. Interpretation of the survey To some extent, the results are a reflection of the market capitalization of cryptocurrencies. However, the absence of Bitcoin's fork, Bitcoin SV, which is doing quite well in the market, is surprising, as well as the Chinese pet - EOS. As you can see, some part of the market still believes that it is worth investing in the original idea of BTC concerning privacy of funds transfer. Hence the popularity of private coins: ZCash and Monero. However, the unquestionable market leaders remain Bitcoin, Ether and XRP. Will a possible next speculative bubble on digital assets change this state of affairs? Write what you think about it in the comments! Tags bitcoin ether litecoin ltc Monero most popular cryptocurrencies XRP Zcash

No comments:

Post a Comment