![]() In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins. 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 May 03, 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%. Ethereum (ETH)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. Last year Bitcoin lost 65% of its market value and now, as of Bitcoin is trading in the range of $28,000 to $29,000. 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 date, there are 24,630 cryptocurrency projects out there in the cryptocurrency market that is estimated to reach $4.94 billion by 2030. Please invest carefully, your capital is at risk What Are Cryptocurrencies?Ī cryptocurrency is a digital asset that is based on blockchain technology and can circulate without the centralized authority of a bank or government.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |