The negative consequences of the outbreak of the Coronavirus have hit various global financial markets, from oil to precious metals, to stock exchanges.
Its repercussions also disrupted the economic development plans of many countries, especially those with the strongest influence in the global economy.
Estimates of the Asian Development Bank indicate that the global economy may lose between 5.8 to 8.8 trillion dollars, as a result of the Covid-19 epidemic.
In an expanded report, Forbes magazine said that with many governments printing money faster than ever before, financial experts expected inflation to render paper currency without value. This helped increase the value of the 10 largest cryptocurrency stocks, excluding one currency.
Forbes presented a report on the performance of the top 10 digital currencies according to the market capitalization that was determined based on coinmarketcap.com ratings on May 28:
Bitcoin
$ 169.3 billion market capital
Price: $ 9,210.2
28.2% increase in value
Bitcoin is the largest and most popular cryptocurrency in the world. Its market capital is greater than that of the other nine currencies combined. It was started by an unknown person or group of people using the name, Satoshi Nakamoto. The currency has appreciated by 28.2% this year.
Ethereum
$ 23.1 billion market capital
Price: $ 208.12
60% increase in value
Ether (or ETH) is the original currency of the Ethereum platform. It is digital money that can be exchanged online at any time, and it can also be used in many applications that rely on the Ethereum platform.
The platform was launched in 2015, and is the second most used cryptocurrency. It is also the second most winning currency in the top 10 largest digital currencies in the world.
Tether
$ 8.8 billion market capital
Price: $ 1
0% increase in value
Tether converts cash into digital currency to anchor or peg the value to the price of national currencies such as the US dollar. Tether is always worth a dollar, so no matter the market value of Tether changes, or the number of coins in circulation, the value of the coin will not be less or more than one dollar.
Ripple
8.6 billion market capital
Price: $ 0.196
1.2% increase in value
Ripple is a server-dependent exchange and relay network. The currency in circulation is known as (XRP) and the transfers are made instantly. It is the only blockchain company today to offer products for commercial use.
Bitcoin Cash
$ 4.3 billion market capital
Price: $ 231.69
13% increase in value
Bitcoin Cash is a coin (altcoin), created in 2017. And in 2018, Bitcoin Cash was split into two cryptocurrencies: Bitcoin Cash and Bitcoin SV. Bitcoin Cash is sometimes referred to as Bikash. It posted a relatively modest gain of 13.4% this year.
Bitcoin SV
$ 3.4 billion market capital
Price: $ 186.61
92% increase in value
Bitcoin SV strives to maintain the vision set out in 2008 by Bitcoin Whitepaper, a peer-to-peer cash system. The name of the coin (SV) stands for Satoshi Fig, who is the anonymous founder or founders of the sign. Bitcoin SV is the second most winning currency on the list, gaining around 93% this year.
Litecoin
$ 2.8 billion market capital
Price: $ 43.81
6% increase in value
Litecoin is a fully decentralized open source global payment network. Litecoin was released via an open source application on the GitHub platform on October 7, 2011 by Charlie Lee, a Google employee and former engineering director at CoinPay's cryptocurrency platform. The currency has appreciated 6% this year.
Binance coin
$ 2.5 billion market capital:
Price: $ 16.52
19% increase in value
BNB was launched with an initial coin offering in 2017, 11 days before the start of trading Binance online. It was initially released as a token (ERC-20) running on the Ethereum network this year.
EOS
$ 2.3 billion market capital
Price: $ 2.54
1.6% impairment rate
EOS initially held a one-year ICO in 2017, it distributed a batch of 200 million tokens, 20% of which were tokens during the first five days, and distributed another 700 million tokens, 70% of which were tokens until the end of the year, and 100 million tokens 10% of them. Tokens held on (block.one) platform. Since the beginning of the year the currency has depreciated by 1.6%.
Tesus
$ 1.9 billion market capital
Price: $ 2.7
103% impairment rate
