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You need a Statista account for unlimited access. Access this and all other statistics on 80,000 topics from Show information about the sources Show information about the publisher Use the Ask Statista research service The categories listed have been assigned by Statista using several sources. This is because the use of, for example, Bitcoin (BTC) is markedly different from that of, for example, Tether (USDT). Please note that the distinction between these categories is not always clear.
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This statistic is not included in your account. Founded in 1976, Bankrate has a long history of helping people make smart financial decisions. We've maintained this reputation for more than four decades by demystifying the financial decision-making process and giving people confidence about what steps to take next. To get the market capitalization at any given time, simply multiply the current price of a cryptocurrency of your choice by the total number of that cryptocurrency in circulation.
In fact, non-Bitcoin cryptocurrencies are often considered “also used”, which are called “altcoins” or alternatives to Bitcoin. Dogecoin also has relatively weaker security and code level scrutiny than Bitcoin and could be less secure than cryptocurrencies like Ethereum and Bitcoin. Software engineers can also create and run cryptographic, DeFi, and web3 applications on Solana, just like Ethereum. Low, medium and high capitalization are commonly used in the cryptocurrency world to quickly analyze currencies and determine if they are risky or not.
This way, you can spend, keep, or give away stable coins without worrying about the price volatility associated with untied cryptocurrencies such as Bitcoin or Ethereum. This currency is designed for investors and traders to hold an asset with low volatility compared to other cryptocurrencies on the blockchain without the need to exchange it for fiat currencies. As with most major cryptocurrencies, BNB uses cryptographic technology, making it more secure than standard debit or credit card transactions. Through a combination of open market arbitrage incentives and decentralized voting from Oracle, the Terra protocol creates stablecoins that constantly track the price of any fiat currency.
Another point to note about Tether is that, unlike Bitcoin or Ethereum, which have a strong sense of community and purpose, Tether is presented as a money market fund managed by a single independent company. As a harbinger of the cryptocurrency era, Bitcoin is still the currency that people often refer to when talking about digital currency. Although originally created as a joke, Dogecoin is now one of the largest cryptocurrencies by market capitalization. Ethereum is based on Bitcoin's innovation with significant differences, making it an even more interesting cryptocurrency and blockchain network.
Cardano, like Ethereum, can be used to execute smart contracts, allowing the development of a wide range of decentralized financial applications, new cryptotokens, games, and more. It's a programmable ecosystem like Ethereum that can execute smart contracts and serve as a platform for other applications and cryptocurrencies. Polygon is a cryptocurrency that focuses on being accessible to those who create digital applications and expands the Ethereum cryptocurrency. .