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As digital transformation is taking over the global commercial market, businesses are becoming more familiar with the use of digital currency. From business giants to startups, there are many use cases where cryptocurrencies are being widely used. Here are the top 10 biggest cryptocurrencies that are best for business in 2022.
Current price: US$44,021.89
With a market valuation (market cap) of US$834 billion, the world's first crypto is the most stable and profitable, paving the way for others to pursue. It hit historic highs in November when the value of one Bitcoin was at US$69,000 but has since experienced the full impact of the cryptocurrencies meltdown that occurred in early December. Bitcoin is up 1.17% in the last 24 hours. It has a circulating supply of 18,959,687 BTC coins and a maximum supply of 21,000,000 BTC coins.
Current price: US$3,130.70
Ethereum regained its position as the second biggest coin by market valuation in 2018 and has remained there ever since. So, Ethereum, which was launched much afterward than its competitor, in 2015, has a lesser valuation of US$374 billion. Ethereum is up 3.80% in the last 24 hours. It has a circulating supply of 119,600,381 ETH coins and the max. supply is not available.
Current price: US$1
Tether, unlike the other cryptocurrencies, is regarded as a stablecoin, which tries to keep cryptocurrencies pricing constant throughout the industry. It has constantly maintained a value of roughly US$1, which is similar to 71p GB pound sterling nowadays, and it appeals to traders who would like to escape the currency's high volatility. Tether is up 0.01% in the last 24 hours. It has a circulating supply of 78,641,051,389 USDT coins and the max. supply is not available.
Current Price: US$430.49
Launched in July 2017, Binance is the biggest cryptocurrency exchange globally based on daily trading volume. Binance aims to bring cryptocurrencies exchanges to the forefront of financial activity globally. The idea behind Binance's name is to show this new paradigm in global finance — Binary Finance, or Binance. BNB is up 1.38% in the last 24 hours. It has a circulating supply of 165,116,761 BNB coins and a max. supply of 165,116,760 BNB coins.
Current Price: US$1.09
Cardano was founded back in 2017, and named after the 16th-century Italian polymath Gerolamo Cardano. The native ADA token takes its name from the 19th-century mathematician Ada Lovelace, widely regarded as the world's first computer programmer. Cardano is up 1.93% in the last 24 hours. It has a circulating supply of 33,613,420,293 ADA coins and a max. supply of 45,000,000,000 ADA coins.
Current Price: US$0.8343
To begin with, it's important to understand the difference between XRP, Ripple, and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database. XRP is up 1.46% in the last 24 hours. It has a circulating supply of 47,888,392,531 XRP coins and a max. supply of 100,000,000,000 XRP coins.
Current Price: US$103.28
Solana is a highly functional open source project that banks on blockchain technology's permissionless nature to provide decentralized finance (Defi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland. Solana is up 2.05% in the last 24 hours. It has a circulating supply of 319,246,480 SOL coins and the max. supply is not available.
Current Price: US$94.44
Avalanche is a layer one blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of Ethereum's rivals, aiming to unseat Ethereum as the most popular blockchain for smart contracts. It aims to do so by having a higher transaction output of up to 6,500 transactions per second while not compromising scalability. Avalanche is up 11.81% in the last 24 hours. It has a circulating supply of 245,293,154 AVAX coins and the max. supply is not available.
Current Price: US$56.36
Terra is a blockchain protocol that uses fiat-pegged stable coins to power price-stable global payments systems. According to its white paper, Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin (BTC) and offers fast and affordable settlements. Terra is up 2.35% in the last 24 hours. It has a circulating supply of 397,048,010 LUNA coins and the max. supply is not available.
Current Price: US$1.00
USD Coin (known by its ticker USDC) is a stablecoin that is pegged to the U.S. dollar on a 1:1 basis. Every unit of this cryptocurrency in circulation is backed up by $1 that is held in reserve, in a mix of cash and short-term U.S. Treasury bonds. The Centre consortium, which is behind this asset, says USDC is issued by regulated financial institutions. USD Coin is up 0.05% in the last 24 hours. It has a circulating supply of 52,529,853,021 USDC cryptocurrencies coins and the max. supply is not available.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
