We all want to invest our money into something that is going to give us a larger return further down the road. This is the whole point of investing in the first place. So why would we invest? Because we want our money to make money! If you ask a lot of people, one of their main goals in life is to make money. You cannot argue that money equals more opportunities for both you and your family. In order to travel, have a nice house, or to buy a nice car, you simply need money. It is something that is important to your overall value as a person on this Earth! The more money you have the more you can give back!
Currencies – Cryptocurrency Capitalization
Chances are you mainly use the currency of the country you reside in. Whether it is USD or CAD or pounds or euros, it all depends where you live. Obviously, all of these currencies are worth something different and all have different exchange rates. However, it is interesting to note that most of these countries put their money in banks.
This is where our money sits, and where we want it to be safe. However, this is starting to change for many people because they want to find a way to use money all over the world without exchange rates getting in the way. They want to put their money into a currency that is going to soar in value over time. This is why a lot of people are looking into what a cryptocurrency is and how to use it.
We will warn you right away that discovering cryptocurrency and using it can be very confusing at first. It even took us a few months to fully wrap our brains around it, because it can be pretty tricky to determine where it comes from and how to use it. In order to understand at first, we want to tell you that there is not just one cryptocurrency. There used to be and it was called Bitcoin. We bet that you have heard of it, because it is still the most renowned cryptocurrency on the market right now.
It is the one that most people know and use. However, since its invention in 2009, other developers have created cryptocurrencies around the internet, each at different price points. Did you know that each cryptocurrency has its own capitalization? This is put on by the market, depending on how much people are using it and how much it is buying and selling. Just like the stock market, a cryptocurrency rises and falls depending on how many people are using it.
We have put together a look at the cryptocurrency capitalization right now, and which ones are on top and which are on the bottom. Just like stocks, they rise and fall every day, so we recommend looking at an updated list before you make your investment in a new cryptocurrency.
Obviously, since the beginning of its use, there has always been a cryptocurrency on top and that is Bitcoin, if you want to know which one has the biggest capitalization and the one that is worth the most amount of money. You won’t find another cryptocurrency surpassing it anytime soon because it is capped at around $93 billion. That beats every other one on the market right now and the amount of volume invested in it in a 24-hour period of around $2 billion; this is the one that people are using the most.
The next most used cryptocurrency right now with the second highest cryptocurrency capitalization is the Ethereum, that is capped on the market around $29 billion. It moves around $610 million every day and has a great circulating supply. As you can see it is a great drop from the first spot to the second spot.
The third largest cryptocurrency capitalization is the Ripple, coming in capped at around $8 billion. It has a volume of around $376 million in a 24-hour period.
As you can see Bitcoin is on top and will remain there for the foreseeable future, mostly because it is the one people are familiar with. We wish you the best with a cryptocurrency of your choice.