Here are the top digital assets by market capitalization as of 7 July:
Bitcoin
BTC market capitalization – $649 billion
BTC value – $34,692
BTC has been in the financial space since 2008. By now, BTC rules the digital trading environment by market cap, users, and coin value. Similar to all cryptocurrencies, BTC valued almost nothing when joining the crypto market. In 2017, the asset rose from beneath $1,000 to more than $20,000 and about $4,000 within one year. The coin started surging in 2021, skyrocketing from $10,000 to over $60,000, before plunging drastically in May as the market crashed following the Elon Musk attack. Since then, BTC has seen roller-coaster movements, trading near $35,000 at the moment. Do you want to invest in BTC? You can purchase Bitcoin from many crypto exchanges like Binance, Coinbase, and Kraken. Let the high BTC value not scare you. You can acquire the coin with $25 from Coinbase.
Ethereum
ETH market capitalization – $276.8 billion
ETH value – $2,378
Ethereum comes second after Bitcoin. However, that does not mean that ETH competes with the leader. Keep in mind that most so-called cryptocurrencies differ in some aspects from BTC. Some, like ETH, are unique platforms with their native coins. Ethereum has Ether, the coin operating in its platform. Although BTC serves as a currency, ETH’s CEO Vitalik Buterin had broader ambitions. ETH blockchain is programmable, allowing the decentralization of apps and programs. With that, the ETH platform has multiple usages, from finance and technology to collectibles and gaming, thus an impressive investment. ETH had its price spiking from near $200 to above $3,000. The coin rallied to a high of over $4,350 in May before dropping to its current price of around $2,370. You can purchase Ethereum on crypto dealers like PayPal and Robinhood.
Tether
USDT market capitalization – $62.3 billion
USDT value – $1
Tether is that unique asset in the list. If you are interested in stablecoins, USDT leads that space. That is because the coin has an underlying real-world asset, the United States dollar in this case. Tether has various benefits for crypto investors. The digital instrument utilizes the ETH platform, and it has been in operation since 2015. One Tether coin equals one US Dollar. You can use exchanges like Binance, Coinbase, and Kraken to use, buy, and sell your Tether tokens. Other leading cryptocurrencies you will find in the market today are Binance Coin, Cardano, Ripple, Dogecoin, USD Coin, Polkadot, and Uniswap.
