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12 most popular types of cryptocurrency

TokenTalk Staff

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12 most popular types of cryptocurrency

Most popular cryptocurrencies

Ricardo Ceppi/Contributor/Getty Images

Bitcoin gets all the headlines when it comes to cryptocurrencies, but there are literally thousands of other options when it comes to these digital currencies. In fact, cryptocurrencies that are not Bitcoin are generally considered to be “also ran” – what are called “altcoins”, or alternatives to Bitcoin.

While Bitcoin may have been the first major cryptocurrency to hit the market – it debuted in 2009 – several others have become very popular, although not as big as the original.

Here are the largest cryptocurrencies in terms of total dollar value of existing coins, i.e. market capitalization or market capitalization. (Data is from CoinMarketCap.com, as of May 3, 2024.)

The largest cryptocurrencies by market capitalization

1. Bitcoin (BTC)

  • Price: $61,524
  • Market capitalization: $1.21 trillion

As a harbinger of the cryptocurrency era, Bitcoin it is still the coin that people generally refer to when talking about digital currency. Its mysterious creator, supposedly Satoshi Nakamoto, launched the currency in 2009 and it has been on a roller coaster ride ever since. However, it wasn’t until 2017 that cryptocurrency broke into popular consciousness. In 2024, the SEC approved the trading of ETFs that invest directly in Bitcoin, giving investors an easy way to bet on Bitcoin.

2. Ethereum (ETH)

  • Price: $3,069
  • Market capitalization: 369 billion dollars

Ethereum – the name of the cryptocurrency platform – is the second name you will most likely recognize in the crypto space. The system allows you to use ether (the currency) to perform a number of functions, but the aspect of the Ethereum smart contract helps make it a popular currency.

3. Tether (USDT)

  • Price: $1.00
  • Market capitalization: $110 billion

Tether price is pegged at $1 per coin. That’s because that’s what it’s called a stable currency. Stablecoins are tied to the value of a specific asset, in Tether’s case, the US dollar. Tether often serves as a medium when traders move from one cryptocurrency to another. Instead of going back to dollars, they use Tether. However, some people fear that Tether is not securely backed by dollars held in reserve, but instead uses a form of short-term unsecured debt.

4.BNB (BNB)

  • Price: $576.31
  • Market capitalization: 85 billion dollars

BNB is the cryptocurrency issued by Binance, among the largest cryptocurrency exchanges in the world. Although originally created as a token to pay for discounted trades, Binance Coin can now be used for payments and the purchase of various goods and services.

5. Solana (G)

  • Price: $141.48
  • Market capitalization: 63 billion dollars

Launched in March 2020, Solana is a newer cryptocurrency and touts its speed in completing transactions and the overall robustness of its “web-scale” platform. The issuance of the currency, called SOL, is limited to 480 million coins.

6. USD Coin (USDC)

  • Price: $1.00
  • Market capitalization: 33 billion dollars

Like Tether, USD Coin is a stablecoin pegged to the dollar, meaning its value is not expected to fluctuate. The currency’s founders say it is backed by assets that are fully reserved or have an “equivalent fair value,” and that those assets are held in accounts at regulated U.S. institutions.

7. XRP (XRP)

  • Price: $0.5256
  • Market capitalization: $29 billion

Formerly known as Ripple and created in 2012, XRP offers a way to pay in many different real currencies. Ripple can be useful in cross-border transactions and uses a trust-less mechanism to facilitate payments.

8. Dogecoin (DOGE)

  • Price: $0.1385
  • Market capitalization: $20 billion

Originally created as a joke following the Bitcoin run-up, Dogemoneta is named after an Internet meme featuring a Shiba Inu dog. Unlike many digital currencies that limit the number of coins in existence, Dogecoin has unlimited issuance. It can be used for payments or sending money.

9. Toncoin (TON)

  • Price: $5.49
  • Market capitalization: $19 billion

Launched in 2018, Toncoin was developed by Telegram, the encrypted messaging platform. Telegram abandoned the project, which was taken over by the TON Foundation. Toncoin price increased in 2023 after Telegram announced that it would integrate a TON-based wallet into its platform.

10. Cardan (ADA)

  • Price: $0.4651
  • Market capitalization: $17 billion

Cardan is the cryptocurrency platform behind ada, the name of the currency. Created by the co-founder of Ethereum, Cardano also uses smart contracts, allowing for identity management.

11. Shiba Inu (SHIB)

  • Price: $0.00002391
  • Market capitalization: $14 billion

Shiba Inu is an Ethereum-based altcoin created anonymously in August 2020 with a Shiba Inu dog as its mascot. Shiba Inu is widely considered an alternative to Dogecoin. Its price peaked in the fall of 2021 after a meteoric rise, but fell by more than 90% before rising again in early 2024.

12. Avalanche (AVAX)

  • Price: $35.02
  • Market capitalization: $13 billion

Avalanche is a blockchain launched in 2020 and competes with Ethereum as one of the most popular blockchains for smart contracts. AVAX is the native currency of the Avalanche blockchain.

Bottom line

The cryptocurrency market is a Wild West (even if the US government is taking a more active role in overseeing the crypto space), so those speculating on these digital assets should not invest more money than they can afford to lose. Crypto assets have been under downward pressure for much of 2022, and trading has remained volatile in 2023. It is also important to note that individual investors often trade against highly sophisticated traders, making it a difficult experience for beginners. In 2024, the SEC approved several spot Bitcoin ETFs for tradingoffering investors an easy way to bet on Bitcoin’s growth.

Editorial Disclaimer: All investors are advised to conduct their own independent research on investment strategies before making an investment decision. Furthermore, investors are advised that past performance of investment products is no guarantee of future price appreciation.

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We are the editorial team of TokenTalk, where seriousness meets clarity in cryptocurrency analysis. With a robust team of finance and blockchain technology experts, we are dedicated to meticulously exploring complex crypto markets with detailed assessments and an unbiased approach. Our mission is to democratize access to knowledge of emerging financial technologies, ensuring they are understandable and accessible to all. In every article on TokenTalk, we strive to provide content that not only educates, but also empowers our readers, facilitating their integration into the financial digital age.

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The US Congressman claims to have purchased the Velodrome token: what is it?

TokenTalk Staff

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The US Congressman claims to have purchased the Velodrome token: what is it?

In a move that has sparked curiosity far beyond political circles, US Congressman Mike Collins (R-Georgia) revealed a recent purchase of a cryptocurrency worth $15,000 called Velodrome.

THE investment put the spotlight on Velodrome, a relatively unknown cryptocurrency with a market capitalization of around $150 million. The project’s VELO token is currently trade according to CoinGecko, it rose about 15% in 24 hours to 0.1169.

Unlike established operators like Bitcoin or Ethereum, Velodrome targets a specific niche in the cryptocurrency world: decentralized finance (DeFi) on layer-2 networks.

What is the Velodrome?

Velodrome Finance launched in June 2022, evolution of the Solidly project. Its goal was to support liquidity for DeFi protocols on Layer 2 solutions. The platform uses a “voting commitment” mechanism, fusing concepts from Curve Finance and Olympus DAO, designed to encourage long-term holding through staking, rebasing and bonding.

The goal was to avoid some of the common problems in DeFi by using rewards to balance the protocol’s emissions with fees and avoiding the “farm and dump” scenario.

Velodrome offers a variety of liquidity pools, with reward rates determined by user voting. This setup aims to direct users to the most profitable pools, improving liquidity and reducing slippage for traders.

The platform includes both “stable pools” for low-volatility coins, and “variable pools” for high-volatility assets, providing a diversified trading environment. Additionally, Velodrome offers bribes to attract support for specific pools.

Velodrome Finance reports that it has undergone security checks and is committed to engaging the DeFi community through initiatives such as veDAO.

The VELO token

The VELO token is fundamental to the Velodrome ecosystem. The initial distribution included 400 million tokens, allocated among community members, partner protocols, the Velodrome team, and the Optimism team.

VELO holders receive transaction fees, kickbacks, and rebase rewards.

VELO converts to veVELO when blocked, allowing users to vote on pools and influence protocol decisions.

The Velodrome timetable

Future plans set out by Velodrome Finance include features such as automatic interest accrual, a liquidity feature based on Uniswap V3, metapool integration, and “veNFT” trading, lending, and taking.

By Ryan Ozawa.

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Crypto Millionaire “Digital Diamonds” Explains Why These 3 Tokens Can Change Your Life

TokenTalk Staff

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Crypto Millionaire “Digital Diamonds” Explains Why These 3 Tokens Can Change Your Life

In the ever-evolving world of cryptocurrencies, some tokens stand out as potential game-changers. Recently, a crypto millionaire shared insights into three tokens that could have a significant impact on your financial future. Among these are Alex The Doge (ALEX), a rising star in the meme coin market. Let’s delve deeper into why Alex the Doge (ALEX) and two other tokens are worth considering for life-changing gains.

The charm of Alex the Doge (ALEX)

Innovative ecosystem: Alex the Doge (ALEX) it’s not just another meme coin; offers a robust ecosystem that integrates social finance (Social Fi) and play-to-earn (P2E) gaming. The Miracle Verse, a virtual world where players can earn Alex The Doge (ALEX) tokens through various in-game activities, is a testament to his innovative approach.

Efficiency and scalability: Built on the Ethereum(ETH) network, Alex The Doge (ALEX) benefits from low transaction fees and fast processing times. This ensures a smooth user experience and supports the scalability of the project, making it an attractive option for both gamers and investors.

Community commitment: Like other successful meme coins, Alex The Doge (ALEX) thrives on a strong and active community. This commitment is key to stimulating demand and maintaining interest in the project. Community trust in Alex The Doge (ALEX) fuels its rapid growth and market presence.

The Power of Token 2: Ethereum (ETH)

Foundation of decentralized applications: Ethereum (ETH) revolutionized the world of cryptocurrencies by introducing smart contracts and decentralized applications (dApps). Its blockchain serves as the foundation for numerous projects, making it an essential part of the crypto ecosystem.

Growing adoption: Ethereum (ETH) continues to see widespread adoption across various industries. From finance to gaming, many industries leverage Ethereum’s capabilities, ensuring its long-term relevance and growth.

Upcoming updates: With the continued development of Ethereum 2.0, the network aims to resolve scalability issues and reduce transaction fees, further increasing its attractiveness for both developers and users.

The Charm of Token 3: Solana (SOL)

High-speed transactions: Solana (SOL) is known for its lightning-fast transaction speed and low fees. This makes it an ideal platform for high-frequency trading and decentralized finance (DeFi) applications.

Strong development community: Solana (SOL) boasts a vibrant and innovative development community. Continuous improvements and new projects on the Solana network contribute to its growth and adoption.

Ecosystem expansion: The Solana ecosystem is rapidly expanding, with numerous projects and partnerships increasing its usefulness and value. From DeFi to NFTs, Solana is becoming a hub for diverse blockchain applications.

Why these tokens stand out

Innovation and Utility: Each of these tokens offers unique innovations and practical applications that increase their value. Alex the Doge (ALEX) combines meme culture with gaming and finance, Ethereum (ETH) provides the backbone for decentralized applications, and Solana (SOL) offers unprecedented transaction speed and scalability.

Community and adoption: Strong community support and widespread adoption are the common threads between these tokens. Engaged communities drive demand and foster a sense of loyalty, while growing adoption ensures long-term relevance and growth.

Potential growth: Despite their current successes, each of these tokens has considerable room for growth. Through technology upgrades, ecosystem expansion, or innovative applications, Alex The Doge (ALEX), Ethereum (ETH), and Solana (SOL) are well positioned for future gains.

Bottom line: Transformative investing

In conclusion, they highlight the insights of the crypto millionaire Alex the Doge (ALEX), Ethereum (ETH), and Solana (SOL) as transformative investments. These tokens are not only leaders in their respective niches, but also offer the potential for life-changing financial gains. Alex The Doge (ALEX) stands out with its unique blend of social finance and gaming, Ethereum (ETH) continues to revolutionize decentralized applications, and Solana (SOL) impresses with its speed and scalability. Investors looking for opportunities to change their financial future would be wise to consider these digital diamonds in the cryptocurrency market.

For more information on the Alex The Doge (ALEX) pre-sale please use the links below:

Disclaimer: This is a paid version. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.

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Nvidia surpasses Microsoft, Apple; AI Crypto Token Rally

TokenTalk Staff

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Nvidia Tops Microsoft, Apple in Market Cap; AI Crypto Tokens Fetch.AI and Render Rally

Nvidia, the American graphics processing unit (GPU) maker, overtook tech giants Microsoft and Apple as the most valuable company on Tuesday.

This surge in Nvidia’s market capitalization triggered a rally in AI-themed cryptocurrencies.

AI tokens rally as Nvidia overtakes tech giants

According to the latest data, Nvidia (NVDA) stock price is now $135.58, giving it a market capitalization of $3.33 trillion. Meanwhile, Microsoft and Apple have market capitalizations of $3.31 trillion and $3.28 trillion, respectively.

To know more: 9 Best AI Stocks to Buy in 2024

Nvidia market capitalization.Nvidia market capitalization. Source: CompanyMarketCap

The main driver of this growth is the demand for artificial intelligence (AI) products, which have increasingly become an integral part of various industries as of 2023. Q1 2024 Earnings Report shows that its data center category saw a 427% increase in revenue to $22.56 billion. This category includes AI chips and AI server components.

Nvidia’s success has also had an impact on the cryptocurrency market. Top AI-themed cryptocurrenciesincluding Fetch.AI (FET) and Render (RNDR), have increased substantially over the past 24 hours.

The price of FET rose 16.3%, now valued at $1.33. In the meantime, RNDR recorded an increase of 10.3%., currently trading at $7.75. Plus, data from the on-chain analytics tool Santiment Shows that RNDR recorded a 33.33% increase in social volume changes during this period.

FET price trend.FET price trend. Source: BeInCrypto

In the long term, Nvidia’s influence on the artificial intelligence and cryptocurrency sectors it should be deep. A report from asset manager Bitwise highlights how the artificial intelligence boom has had a significant impact on data centers, creating a shortage of AI chips and access to electricity.

Bitcoin miners, equipped with powerful chips and advanced cooling systems, provide the necessary infrastructure for artificial intelligence companies. As a leading manufacturer of AI chips and GPU for cryptocurrency miningNvidia can benefit significantly from growing demand.

Greg Beard, CEO of Stronghold Digital Mining, noted that research analysts are sounding the alarm about growing energy demand driven by the expansion of AI data centers. He cites a Goldman Sachs report from April that said data center energy demand, excluding cryptocurrencies, is expected to grow 160% in 2030 compared to 2023.

However, the infrastructure is not sufficient to meet the demand. Additionally, Beard pointed out that the U.S. electric industry has not developed new core energy infrastructure in nearly two decades.

To know more: Top 9 Artificial Intelligence (AI) Cryptocurrencies in 2024

“AI developers are well capitalized and in a hurry to build, but they face serious barriers to accessing power. The most obvious access to this power is existing Bitcoin mining sites already connected to increasingly valuable energy sources. The only way for AI developers to attempt to overcome the resource gap and solve their future energy needs is to develop new sites and repurpose existing ones, like Bitcoin miners,” Beard told BeInCrypto.

Disclaimer

In compliance with Trust Project guidelines, BeInCrypto is committed to providing impartial and transparent reporting. This news article aims to provide accurate and timely information. However, readers are advised to independently verify the facts and consult a professional before making any decisions based on this content. Please note that our Terms and conditions, Privacy PolicyAND Disclaimer They have been updated.

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Top 3 Crypto Tokens That Bridge the Gap Between AI and Blockchain

TokenTalk Staff

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Top 3 Crypto Tokens That Bridge the Gap Between AI and Blockchain

Crypto tokens can bridge the gap between AI and blockchain by leveraging the unique attributes of both technologies. Blockchain’s decentralized and immutable ledger ensures that the data used by AI models is secure and tamper-proof.

Cryptographic tokens can be used to incentivize the accurate and honest presentation of data, ensuring that AI systems have reliable, high-quality inputs.

A smart contract could automatically pay for the use of a dataset when an AI model accesses it, streamlining operations and reducing the need for intermediaries.

Here are the three best crypto tokens that connect AI and blockchain and an in-depth look at how artificial intelligence influences cryptocurrencies.

1. Rendering (RNDR)

Despite losing about 10% over the past seven days, Render is up 11% today. Render Network allows users to access decentralized GPU rendering power for various tasks, including AI model training and rendering complex graphics. Using blockchain technology, Render guarantees a transparent, secure and efficient market for rendering services.

The RNDR is used as a currency within the network to pay for rendering jobs. This incentivizes GPU owners to share their resources, providing a decentralized pool of computing power that AI developers can draw on for tasks like training machine learning models.

2. Fetch.ai (FET)

Fetch.ai introduces autonomous economic agents, intelligent digital entities capable of performing tasks, making decisions and interacting autonomously. These agents can represent individuals, companies or machines and use artificial intelligence to optimize their operations and make autonomous decisions.

Fetch.ai manages a decentralized market where agents can directly exchange services and data. This market allows for efficient and decentralized exchanges of resources and services. The token added 16% to its price today, but lost 18% last week.

3. Akash Network (AKT)

Akash Network offers cloud computing infrastructure that developers can use to deploy and run AI models. This reduces dependency on centralized cloud providers and enables more flexible, scalable and cost-effective computing power.

Akash Network uses AKT to incentivize participants. Resource providers are rewarded with AKT tokens for renting their idle computational resources, while users pay for these services with the same tokens. This creates a decentralized economy where AI developers can access affordable computing power.

Smart contracts on Akash Network automate the process of buying and selling computational resources. These contracts ensure transparent, trustless transactions, making it easier for AI developers to acquire the resources they need without interference from intermediaries. AKT rose 13% today and fell 11% last week.

AI token price movements

Apple shares lost nearly 2% when the tech giant has unveiled its unremarkable artificial intelligence plans on June 10th. The ripple effect has trickled down to AI-related cryptocurrencies, which have underperformed compared to the broader digital asset market. They are all reversing losses.

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