dollars and the Euro and hypothetically keeps a value equal to one of those denominations. Unlike some other forms of cryptocurrency, Tether is a stablecoin, meaning it’s backed by fiat currencies like U.S. However, due to the overall market crash, Ethereum plunged to an yearly low of $1,091 on Novemand rebounded sharply to the levels of nearly $1,800, as of March 19, 2023. From April 2016 to the beginning of March 2022, its price went from about $11 to over $3,000, increasing more than 27,000%. Last year Bitcoin lost 65% of its market value and as of beginning of 2023 Bitcoin was trading in the range of $17,500 to $18,000. However, after a rally, Bitcoin’s price has risen and is now trading in the range of $25,000 to $27,000, as of March 19, 2023.īoth 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).Įthereum has also experienced tremendous growth. Since then Bitcoin has witnessed many ups and downs but has shown tremendous resistance. In May 2016, you could buy Bitcoin for about $500. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.īitcoin’s price has skyrocketed as it’s become a household name. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Bitcoin (BTC)Ĭreated in 2009 by someone under the pseudonym Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency. To help you get your bearings, these are the top 10 cryptocurrencies that could be worth investing in based on their market capitalization, or the total value of all of the coins currently in circulation. From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, which can make it overwhelming when you’re first getting started in the world of crypto.
0 kommentar(er)
