Cryptocurrencies: Beyond Bitcoin and Ethereum

We can discuss other cryptocurrencies similar to Bitcoin and Ethereum. Feel free to share your favorite coins.

Tether, priced at a stable $1.00 with a market cap of $95 billion, is what they call a stablecoin. It's tied to the value of the U.S. Dollar, making it a go-to when traders want to move between different cryptocurrencies. However, some folks worry if Tether is truly backed by real dollars or if it's playing with risky unsecured debts.

Binance Coin (BNB), at $315.85 and a market cap of $48 billion, comes from one of the biggest crypto exchanges, Binance. Originally made for discounted trades, you can now use Binance Coin for regular payments and buying stuff.

Solana, the new kid on the block, launched in 2020. It's valued at $106.92 with a market cap of $46 billion, and it boasts about being super fast at handling transactions. The currency, called SOL, has a limit of 480 million coins.

XRP, previously known as Ripple, sits at $0.6171 with a market cap of $33 billion. It's been around since 2012 and offers a way to pay in many different real-world currencies, making cross-border transactions smoother.

USD Coin (USDC), priced at a steady $1.00 and a market cap of $25 billion, is another stablecoin like Tether, tied to the dollar. The founders claim it's backed by reserved assets, held in accounts with regulated U.S. institutions.

Cardano, with a price of $0.6036 and a market cap of $21 billion, is the brainchild of an Ethereum co-founder. It uses smart contracts too, making identity management its strong suit.

Avalanche, introduced in 2020, is a blockchain competing with Ethereum. Its currency, AVAX, stands at $41.56 with a market cap of $15 billion.

Dogecoin, born as a joke after Bitcoin's surge, is priced at $0.08746 with a market cap of $12 billion. Unlike most, Dogecoin doesn't limit its coins, and you can us.