2 Highest Market Cap Cryptocurrency Price Performance Today

Ngopisantuy.com Highest Market Cap Cryptocurrency Price Performance Today, No one could have predicted that bitcoin price performance would be as wild as it is now five years ago.

Yes, cryptocurrencies, which were generally dismissed at their inception, are now racing like prima donnas at incredible prices. All of this, of course, was driven by bitcoin (BTC), which reached a new high of Rp963 million in early November.

Not just BTC, but the names of other cryptocurrencies, such as ethereum (ETH), binance coin (BNB), and Dogecoin (DOGE), are becoming more well-known to the general public.

Highest Market Cap Cryptocurrency Price Performance Today

This circumstance has finally elevated crypto currency above the status of a virtual payment tool to that of a potential investment.

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Many individuals are enticed by the volatile price performance of cryptocurrencies, and they are interested in collecting with the hope of making a lot of money when their value skyrockets.

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It’s just that generating a profit in crypto is difficult. Furthermore, because cryptocurrencies are very risky investments, they may surge in the morning but plummet quickly at night.

Because of this, many crypto investors and traders now advise newcomers not to ‘play’ with this digital currency. However, if you’re genuinely inquisitive, there’s nothing wrong with tracking the business price.

Performance of cryptocurrencies with huge capitalizations. Why invest in large-cap assets? Because, even if the price movement is highly erratic, the risk of loss can be reduced.

1. Bitcoin (BTC)

This is the most desired, popular, and biggest cryptocurrency in the world, with the highest market capitalization. Some of you may even believe that bitcoin is cryptocurrency and cryptocurrencies is bitcoin. Actually, this is slightly incorrect because the correct answer is that bitcoin is a type of cryptocurrency, but not all cryptocurrencies are bitcoin.

When compared to other cryptocurrencies, the most intriguing aspect of BTC is its inventors’ anonymity. The general public only knows that this electronic currency was invented in 2009 by a person or thing known as Satoshi Nakamoto.

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Without being decentralized, bitcoin, the pioneer of this money, is distributed to nodes of a network called blockchain using a cryptographic language.

For more than a decade, bitcoin has been the most lucrative cryptocurrency, with a market value of more than US $ 1.112 trillion. In terms of the pricing performance of this sort of bitcoin cryptocurrency, Coinbase was believed to be at Rp. 850 million per ‘chip’ on Sunday (21/11) last night.

BTC’s performance over the previous five days has been better than on Friday (19/11) early in the morning, when it plummeted to Rp. 795 million. However, the rise of bitcoin values is rather suffocating, as they reached the highest level in history on November 6 at Rp963 million. Previously, BTC achieved its highest level on

2. Ethereum (ETH)

Unlike bitcoin, which was established by an unknown person, the beginnings of ETH are well known. This cryptocurrency, which is thought to be capable of matching bitcoin’s incredible price, was designed by a Russian programmer named Vitalik Buterin. Buterin, who was 19 years old in 2013, gave birth to ethereum while he was quite young.

Eight years into its journey, ETH has achieved the second greatest market capitalization in the crypto world, which is US$519 billion, or half the market value of bitcoin, which is now in first place. However, when compared to BTC, the price performance of this cryptocurrency has not been as impressive.

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According to Coinbase, ETH is currently trading for IDR 62.5 million per ‘chip’ as of last night’s Sunday (21/11).

In a same fashion to bitcoin, ethereum fell to IDR 56.4 million on Thursday (18/11) night. It’s only that the decline in the price of ETH was greater than the reduction in the price of BTC.

ETH, like the price performance of other cryptocurrencies that rose in early November, reached an all-time high of IDR 68.6 million on November 8. ETH’s success on May 11, 2021 at the level of IDR 59.3 million per ‘chip’ was much greater. Given its progress in the green zone, ethereum is unquestionably one of the finest possibilities.

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Author: Irdansyah
I'm a regular contributor to IRDANSYAH commander, and in my business blog, my team and I share tales on the experience of starting a business from zero, how it feels to build a startup, and how to scale-up.

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