While it is true that for much of the life of cryptocurrencies, both bitcoin and Ethereum have captured much of the headlines and attention - and money - of investors and users, the truth is that there are many other cryptocurrencies that can be interesting depending on how they want to be used or the needs of each cryptouser, given that it is a market that, despite being still very young, seems to be here to stay.
The other cryptocurrencies in the top ten
The price of cryptocurrencies is an indicator that is constantly changing, but at this very moment, of the 1,76 trillion dollars worth of the hundreds of cryptocurrencies that exist, 1,06 trillion correspond to the capitalization of bitcoin and ethereum together, being that of bitcoin is approximately 740.000 billion dollars and that of ethereum is 317.000 billion dollars. The rest of the cryptocurrencies share a piece of the pie of practically 700.000 billion dollars, which would be equivalent to the Gross Domestic Product of countries like Poland or Sweden.
Although at this moment Tether is the third cryptocurrency that has managed to capture the most capitalization, it is a position that a few days ago was occupied by Binance Coin, the cryptocurrency of the largest cryptocurrency exchange in the world, and this could easily be due to the fact that certain crypto investors are becoming in liquidity but without converting their cryptocurrencies to fiat money since Tether is a stablecoin and its value is always one dollar, while the price of Binance Coin moves up and down depending on how events affect the mood of investors, in fact in just over a day the market as a whole has lost capitalization by value of about $80.000 billion, and in the coming days or hours the fall may deepen, stabilize or even reverse, so at any time Binance Coin could return to third position or fall even further in the ranking.
Just after Tether and Binance Coin is another stablecoin linked to the dollar, in this case USD Coin, which with a capitalization of more than 50.000 billion is far from the sixth cryptocurrency, XRP, and added to Tether's 79.000 billion capitalization It would result in 130.000 million of the 700.000 million dollars that are not within bitcoin and ethereum being concentrated in these two stablecoins alone, which would give more cause to the fact that investors do not know in which direction the market is going to move. market and prefer to maintain liquidity in stablecoins for what may happen, since no one knows which cryptocurrencies or what other assets will emerge well from the current circumstances, since at the time of writing these lines the ranking of the ten most capitalized cryptocurrencies They closed the market, from seventh to tenth position; Terra, Cardano, Solana and Avalanche, and yet cryptocurrencies that were comfortably settled in the top ten at the time, such as Litecoin, Bitcoin Cash or Bitcoin SV, are currently very far from being able to return to the exclusive club of the top ten cryptocurrencies. valuable in the market.
But buying and selling on exchanges is by no means the only way to operate with cryptocurrencies, given that they have become just another instrument to use on online trading platforms, and in fact many of the cryptocurrencies in the top ten of capitalization, and Many others outside of this list can be used in sites like this to trade through contracts for difference or CFDs, in which the most important thing is not to buy cryptocurrencies at a time of low prices to wait for them to rise and sell - in fact nothing is bought when CFDs are used - but rather try to locate upward or downward trends in the prices of a cryptocurrency to open a position against the broker, since in online trading with leverage, which involves risks that must be known, when a position is closed because the take profit or stop loss either the trader wins or the broker wins.
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