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02/17/2021
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Cryptocurrencies have recently dominated today’s global debates, and have garnered a lot of investor attention, especially after the record highs of the ‘Bitcoin’ currency, which topped $ 50,000, in a first of its kind. , for the world’s first digital currency, which dominates the cryptocurrency market.
And digital currencies do not have a regular physical presence, but rather are a kind of “digital financial asset”, or so-called “crypto-currencies”, which are designed to be a medium of electronic financial exchange, to through which financial transactions can be carried out between entities or users over the Internet, using electronic devices such as smartphones and computers.
What perhaps distinguishes digital currencies is the possibility of exchanging them directly between two parties, without the need for a financial intermediary such as banks or other financial institutions, so it is a decentralized currency, and this has helped make payments very easily and on time, while reducing transaction costs.
The year 2009 saw the first appearance of digital currencies in the currency “Bitcoin”, which was an electronic means of payment, mainly based on an encryption system under the name of “Blockchain”.
There are more than 4,400 digital currencies in the world, with a total market value of over US $ 1.5 trillion, the most famous of which is Bitcoin, with a market value of over $ 959 billion, according to the US site Investopedia.
The most important risk of digital currency trading is that it is very volatile, reaching the point of losing the amounts invested in it, as it is affected by other factors including financial and political events.
Here are the top 10 digital currencies in circulation in the world, according to the latest statistics published today (Wednesday), corresponding to February 17, 2021, and reported by the US site “Investopedia”:
1- Bitcoin: Bitcoin and its symbol (BTC) is the first in the list of digital currencies in the world, its price exceeding 51.4 thousand dollars and its market value reaching 960 billion dollars.
2- Ethereum: Ethereum and its symbol (ETH) occupies the second place, registering 1.8 thousand dollars, with a market value of 208 billion dollars.
3- Tether: Tether and its symbol (USDT) come in third place, with a price of one dollar, and its market value has reached 32 billion dollars.
4- Bolcadot: “Bolcadot”, and its symbol (DOT), ranked fourth, with a price of $ 30, with a market value of $ 27 billion.
5- Cardano: “Cardano” and its symbol (ADA) ranks fifth among the best digital currencies in the world, with a price tag of $ 0.8 and a market value of $ 26 billion.
6- Rebel: “Rebel” and its symbol (XRP) come in sixth place, with a price tag of $ 0.5, and its market value exceeding $ 24 billion.
7 – Binance Coin: “Binance Coin” and its symbol (BNB) came in seventh place, with a price tag of $ 135 and a market value of $ 20 billion.
8- Litecoin: In eighth place was “Litecoin” and its symbol (LTC), and its price was $ 223, and its market value was $ 14 billion.
9- Bitcoin Cash: Bitcoin Cash and its symbol (BCH) occupied the ninth place among the most famous digital currencies in the world, with a price of $ 716 and a market value of $ 13 billion.
10- Chain Link: At the bottom of the list is “Chain Link” and its symbol (LINK), coming in tenth place, with a price tag of $ 31, and a market value of $ 12 billion.
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