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⭐⭐🤖Top 10 Cryptocurrencies🤖⭐⭐
Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate on decentralized public ledgers called blockchain. They function as a medium of exchange, a store of value, and a unit of account, independent of a central bank or government authority. 
💰🌞💵 1. Bitcoin (BTC)
Bitcoin (BTC), released in 2009, is the world’s first cryptocurrency. It was created by a person or persons known only by the pseudonym Satoshi Nakamoto. It pioneered blockchain technology and gave birth to a multi-billion-dollar industry.
It is a widely accepted form of currency that is not controlled by any government or corporation and can be sent to anyone, anywhere in the world.
Since its release, Bitcoin has witnessed exponential growth and outperformed every asset class over the past 15 years.
⭐Why do people think BTC has value?
Although it was designed as a peer-to-peer trustless digital payment system, many now consider it more of a store of value than a means of payment. It has even been called “digital gold” due to its limited supply of 21 million coins and the difficulty involved in creating new ones.
💰🌞💵 2. Ethereum (ETH)
Ethereum (ETH) was crowdfunded in 2014 by a team of software engineers and is the most used blockchain for decentralized applications (dApps).
It introduced smart contracts via a custom programming language called Solidity. Smart contracts allow for the development of automated software and applications that use the Ethereum blockchain for security. You can think of Ethereum as a highly secure financial layer for the internet with thousands of automated services, websites and applications that do not require staff to operate.
Ethereum currently struggles with slow transaction speeds compared to many of its competitors, although it has a robust development cycle set to tackle these issues.
⭐Why do people think ETH has value?
Ether (ETH) is the native currency of the Ethereum blockchain and is used to pay for network transaction fees, known as gas. Each transaction burns (destroys) a portion of ETH permanently, reducing the supply over time.ETH can be staked (locked up) in return for earning yield.
💰🌞💵 3. XRP (XRP)
XRP is also one of the oldest, founded in 2012 by Ripple. Ripple originally designed XRP for use in cross-border payments, and the coin remains popular today.
Unlike blockchains like Bitcoin and Ethereum, where new coins are generated at set intervals via mining or staking, XRP was pre-mined, with all 100 billion tokens being created at launch.
These pre-mined tokens were distributed to individuals and companies in large quantities. Questions and concerns have been raised regarding the true decentralization of XRP, as a large majority of its tokens are held by just a few entities.
⭐Why do people think XRP has value?
XRP is often associated with Ripple’s goal to modernize cross-border payments for banks and financial institutions. Hype about institutional adoption tends to drive interest and price.Also, in July 2023, Ripple secured a partial legal win when a US court ruled that XRP sales on public exchanges didn’t constitute securities. This led to renewed investor confidence and a price surge.
💰🌞💵 4. Binance Coin (BNB)
Binance Coin (BNB) is the native cryptocurrency of the BNB Chain and was created by the world’s largest cryptocurrency exchange, Binance.
BNB utilizes smart contracts and has an ecosystem of decentralized applications (dApps) built on its network. It operates in much the same way as competitor blockchain Ethereum and was designed to improve ETH’s network throughput and reduce transaction fees.
⭐Why do people think BNB has value?
BNB is used to pay for transaction fees on the network, participate in Binance exclusive token releases and receive discounted trading fees on the exchange.
Users can stake BNB to earn regular yield, which also helps reduce the supply and theoretically increases demand.
💰🌞💵 5. Solana (SOL)
Solana (SOL) is a Layer-1 blockchain released in 2020 by the Solana Foundation. Much like Ethereum, Solana supports smart contract functionality and the development of dApps.
These projects range from NFT marketplaces, such as Magic Eden, to DeFi trading platforms, including Raydium and Orca.
A large part of Solana’s success as a Layer-1 blockchain and direct competitor to Ethereum is its unique proof-of-history (PoH) consensus developed by Solana founder and lead developer Anatoly Yakovenko. PoH allows for blockchain scalability, as well as fast and cost-efficient transactions.
In late 2022, Solana came under scrutiny following the declared bankruptcy of crypto exchange FTX, which had invested directly in and held a significant portion of the SOL circulating supply.
⭐Why do people think SOL has value?
SOL is the native coin of the network, which means it is used to pay for transaction fees (gas) and can be staked in return for yield. It is a common trading pair for many of the DeFi protocols or NFT marketplaces on the network.
💰🌞💵 6. Dogecoin (DOGE)
Dogecoin (DOGE) was developed in 2013 by software developer Billy Markus to put some humor in the crypto space. Although originally released as a joke, Doge has become one of the world’s most well-recognized and popular cryptocurrencies, ranking in the top 10 projects by total market cap in recent years.
Dogecoin operates similarly to Bitcoin and Litecoin as it was created as a clone of these open-source codebases, otherwise known as a fork. Key differences include its uncapped total supply and fast block production time. It is most commonly used as a payment network.
Why do people think DOGE has value?
⭐DOGE experienced rapid growth throughout the 2021 bull cycle and was heavily promoted by crypto enthusiasts and even eccentric billionaire Elon Musk. Musk’s company, Tesla, began accepting DOGE as a form of payment in 2022, further increasing its recognition as a legitimate payment coin.
💰🌞💵 7. Tron (TRX)
Tron is a Layer-1 blockchain based on a modified version of Ethereum. It is notable for its low transaction fees, which first brought it to prominence in 2018.
It was founded by Justin Sun, a notable and sometimes controversial figure in the crypto space, who was Ripple’s former chief representative in China.
In 2018, Justin Sun purchased BitTorrent and incorporated elements of the Tron blockchain into the popular uTorrent application, helping bolster the blockchain’s success. Tron also hosts several hundred decentralized applications with a strong focus on gaming and entertainment.
⭐Why do people think TRX has value?
TRX is used to pay for transactions on Tron and is used with many of the applications on the network. Nodes must hold large amounts to keep the network secure. These holdings can also be staked to earn yield.
💰🌞💵 8. Cardano (ADA)
Cardano (ADA) is a Layer-1 blockchain that, like Ethereum, supports smart contracts and operates under a proof-of-stake consensus. This means developers can build and deploy decentralized applications (dApps) on top of Cardano’s infrastructure.
Cardano was released in 2017 and rose to popularity almost instantly. Its instant trust and recognition by the crypto community can be partially attributed to its founder, Charles Hoskinson. Hoskinson is a notable figure in the crypto space and one of the core developers behind Ethereum.
While Cardano has a strong roadmap and team, it has fallen victim to development delays and is not considered as user-friendly as competitor networks like Ethereum or Polkadot.
⭐Why do people think ADA has value?
ADA is the native coin of the network, which means it can be traded for other assets, used to pay for transaction fees or staked (locked up) in return for yield.
💰🌞💵 9. Hyperliquid (HYPE)
Hyperliquid (HYPE) is a decentralized Layer-1 blockchain designed to improve the efficiency and performance of DeFi apps.
It is a self-funded initiative with creators that include alumni from Harvard, Caltech and MIT. With a concentration on decentralized perpetual exchange services, it enables perpetual futures trading without transaction gas fees. It also features a fully on-chain order book for improved security with verifiable transactions. Its security protocol includes a custom consensus algorithm known as HyperBFT and uses its Ethereum Virtual Machine (EVM) bridge to secure deposits and withdrawals.
Only 33% of its one billion maximum supply is currently in circulation.
⭐Why do people think HYPE has value?
HYPE has made a reputation for itself based on its speed and efficiency. It operates on its own custom chain for greater control, which enables it to manage high transaction volume without gas fees or the transaction delays seen on other crypto networks. Overall, it has the ability to handle up to 100,000 orders per second.
💰🌞💵 10. Stellar (XLM)
Stellar (XLM) is a decentralized blockchain launched in 2014 by Jed McCaleb and Joyce Kim, following a split from Ripple the previous year.
It is built on its unique Stellar Anchor Network infrastructure to unite blockchain technology with banking systems and payment rails, partnering with companies like MoneyGram International, Franklin Templeton and PayPal. In 2024, Stellar added protocol 20, which enabled full-featured smart contracts for faster and more secure payments. Transaction speeds remain impressive, with confirmation times under 6 seconds and transaction costs of only 0.00001 XLM. Its native digital currency, Lumens (XLM), is used to settle its transaction fees, keeping costs low.However, circulation is limited — .$BTC $ETH $XRP
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