BTC remains dominant despite its declining market share
May 6, 2022 (Investorideas.com Newswire) Bitcoin (BTC) is the predominant crypto asset in market capitalization terms. The premier crypto has a cap of $752.48B at writing, but that is on a downward trend. Many alternative coins (Altcoins) have sprung up, challenging its stranglehold of the crypto market.
Ethereum is the second most popular crypto after BTC, with a market cap of $353.62B, that's half the latter's. Rounding up the top three is the Tether (USDT) stablecoin. The digital asset has a cap of $83.15B and is the most traded currency.
What's the crypto attraction?
There are various reasons why people invest in cryptocurrencies. One reason is that they believe in these assets' long-term potential and growth rate. Cryptos have some of the highest returns on investments (ROI), making investors find them better options than traditional stocks or bonds.
Secondly, some want to profit from trading cryptocurrency coins and not just holding them. The highly fluid crypto space is perfect for experienced hands to profit from trading cryptos quickly. Besides, new developments in the space like DeFi enable investors to earn handsome returns by providing financial services.
While there is no doubt that blockchain technology has disrupted many industries, it is still essential to be cautious when investing in cryptos. They are highly volatile and risky ventures.
Read the full story here: The number of cryptocurrencies worldwide are now in excess of 10,000
More Info:
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.
More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
