1. BitcoinBitcoin is the first decentralized cryptocurrency, created in 2009, & remains the most recognized & valuable digital asset globally. Bitcoin leads the market by holding 59% market share.
2. EthereumEthereum enables developers to build decentralized applications & smart contracts, with its native cryptocurrency, Ether, powering the network. Ethereum holds second position by holding 10.3% market share.
3. XRPXRP, created by Ripple Labs, is designed for fast, low-cost cross-border transactions and is widely used by financial institutions for payment settlements. XRP holds 4.82% of makret share
4. Tether [ USTD]USDT is a stablecoin pegged to the US Dollar, providing cryptocurrency traders with a stable asset to move in and out of volatile markets. It holds 4.42% of market share
5. BNBBNB, the native token of the Binance exchange, is used for various purposes within the Binance ecosystem, including trading fee discounts, staking, and DeFi applications. It holds 2.95% of market share
Conclusion: Bitcoin, Ethereum, XRP, USDT, and BNB each play unique roles in the crypto ecosystem from decentralised payments to stable assets. These digital currencies are pivotal in the evolving landscape of blockchain technology and finance.