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3. Tether (USDT)(Image credit: Shutterstock) $61. 9 billion $1 Tether is distinct amongst the options in our top cryptocurrency list: it's the leader in the category of cryptocurrency called "steady coins." Why stable? Since they are pegged to a standard currency, in this case the US dollar. For financiers, these tokens offer the joint advantages of open blockchain innovation and standard currency.

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USD Coin is another stable coin, and many crypto folks think it's a more secure bet than Tether, pointing out a greater openness. One Tether token = one USD.  Key Reference  has, constantly will. Buy, sell, and utilize Tether tokens at Coinbase, Binance, Kraken, and other significant crypto exchanges. 4. Binance Coin (BNB)(Image credit: Shutterstock) $60 billion $388.

During its initial coin offering (ICO), it offered 100 million coins to the public at $0. 15 per coin. Binance Coin can be utilized to pay deal costs on the Binance exchange, to trade for other cryptocurrencies, and to spend for some products and services. Every quarter, Binance uses 20% of its profits to purchase back and destroy Binance Coins.

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Considering that launching in 2017, Binance Coin has made a long, slow climb to about $60 a coin, before shooting upwards in February 2021 and reaching more than $600 at one point. Similar to essentially all of the top cryptocurrencies, it suffered a major fall just recently; it's currently trading in the $390 range.

Cardano (ADA)(Image credit: Shutterstock) $55. 1 billion $1. 72 Cardano, established in 2017, is another Ethereum-like competitor for the leading cryptocurrency crown: a blockchain platform that supports applications, systems, and real-life business usage cases. It's an appealing innovation however, like all the others, has a great deal of capturing up to finish with Ethereum in regards to its network size.

The development group includes a large global collective of professional engineers and scientists, and the platform was developed through peer-reviewed research. Cardano was cruising along at about $0. 10 from its founding in 2017 until early 2021, when it leapt to well over a dollar and was recently trading at around $2.