Bitcoin is one of the most popular cryptocurrencies on the financial market. But there are also other digital currencies with significant buying and selling potential that are considered good investment options.
It is a fact that cryptocurrencies are among the most talked about topics on the financial market today. Both price volatility and rapid and significant appreciation make them the subject of discussions among investors around the world, as well as arousing the interest of those who do not yet invest.
Currently, with a virtual cryptocurrency wallet, it is already possible to buy several products online, pay the bill in some restaurants and even place bets in jogo de roleta (as they are called in Brazilian sites) and other actions in sites that already offer the service and accept payment in virtual currencies.
When it comes to numbers, the findings are also very relevant. In a survey by CoinGecko, a platform that compiles data on crypto assets, found that the cryptocurrency market reached, in November 2021, US$ 3 trillion in market capitalization, almost 3 times more than the market value of all companies on the Brazilian stock exchange combined.
In view of all this, we selected the top five virtual currencies with the highest market capitalization value in the current quotation, using the data released by the website “Investing”, referring to the month of June 2022. Here is how the list looks like:
1. Bitcoin (BTC)
Bitcoin was the first cryptocurrency developed as a response to the 2008 crisis that bankrupted large financial institutions. The proposal was to develop a digital asset as an alternative to the free banking system. Today, it is the leading cryptocurrency in circulation and market value.
Within the current data, bitcoin boasts a market capitalization of $405.62 billion and a total number of 10,760 coins traded on the financial market.
2. Ethereum (ETH)
Ethereum also has the characteristic of being decentralized and is a platform for executing smart contracts and other applications without centralization through the blockchain. Unlike Bitcoin, Ethereum coins were intended to remunerate developers using such a platform and not to be a freely circulating cryptocurrency.
Currently, Ethereum’s market capitalization value is $147.80 billion.
3. Tether (USDT)
Tether is also a cryptocurrency hosted on blockchains. Its tokens are issued by the Hong Kong company Tether Limited, which in turn is controlled by the owners of Bitfinex.
The crypto asset is primarily intended to be a bridge between the traditional financial sector and the crypto market. It is widely used to facilitate transactions between large companies, as well as making it simpler for retailers to buy the dollar.
The market capitalization value of Tether is $66.83 billion.
4. USD Coin (USDC)
The USD Coin USDC is a stable coin (a cryptocurrency backed by a physical currency), paired with the United States dollar. It is a coin that runs on multiple blockchain networks, having launched as recently as September 2018. It is operated by a consortium called Centre, created by the companies Circle and Coinbase.
The market capitalization value of USD Coin is $55.80 billion.
5. Binance Coin (BNB)
Binance Coin came about in 2017 by one of the largest cryptocurrency brokerages in the world, Binance. The idea was to be a cryptocurrency for use within Binance for payment of items such as quote rate, exchange rate, trading or other charges to the user.
In current data, the market capitalization value of Binance Coin is $38.81 billion.
