With more people starting to adapt and accept certain cryptocurrencies online, in shops, in the travel industry, and more. Most know of the popular Bitcoin and Bitcoin Cash, but what about the others? How many are out there and which ones have stood the test with others starting to use and accept them.
How many Cryptocurrencies are there?
According to CoinMArketCap.com, there is roughly over 6,700 crypto's worldwide that are traded on a public forum in some way. All of these coins equal more than 300 billion USD.
Top 8 Crypto's used worldwide
Bitcoin: The market cap on this coin is around 210.5 billion USD and has been in the range of 10-11k in the past 6 months. This one is the oldest coin being created in 2009 by the anonymous Satoshi Nakamoto. It is the coin that us most widely used worldwide.
Ethereum: This coin has a cap at 48.6 billion USD and has seen it's price fluctuate from 250-450 USD.
Tether: A market cap with less than the other's is tether with 13.6 billion. Not as well known but still used worldwide for payments when it comes to travel, gambling, gaming, shops, online services, and other crypto service.
XRP: Close to the other coins, the market cap is only 12.2 billion. Bitpay just added XRP into its fold for use in payments to merchants, online shops, and more. Big name brands have started to except Bitpay and thus XRP to buy things from Nike or eBay to name a few.
Chainlink: Another popular coin is chainlink with only 5.1 billion cap, but has seen prices from the low
Polkadot: A up and coming coin, this one has its cap at 5 billion.
Bitcoin Cash: The famous bitcoin cash is right after polkadot, at 4.9 billion. With great apps like Bitpay, more shops are starting to accept Bitcoin Cash for payment since it has a lower gas fee than Bitcoin.
Litecoin: Lastly, is lite coin, with 3.8 billion.
Why use crypto's?
Many like the idea that with crypto coins, the need for a central banking system is not important and in fact is skipped. Trusting banks to manage their money is not something that future people believe in. Other's like the use of them to buy products without others micromanaging them.
Thanks for reading and let me know which cryptocurrency you used to pay for things?
