Crypto

The emergence of crypto technology has opened the door for a new digitally driven, decentralized asset class that has caught the attention of investors and tech enthusiasts. The wide-ranging use-cases for cryptocurrencies is a big part of its appeal. Bitcoin first stole the spotlight and sparked enthusiasm for its potential to be used as a borderless digital currency and serve as a way to create a financial system independent of centralized authorities such as governments and banks. While Bitcoin is the largest cryptocurrency and represents about 40% of the overall crypto market by value, there are many other crypto assets that fall into different sectors that represent different use-cases and opportunities. Those include smart contract platforms such as Ethereum, Solana, Cardano, and Avalanche. These are blockchain ecosystems that allow developers to build decentralized apps, and their native tokens are the currencies that keep the platforms operating and facilitate transactions. There are also decentralized exchanges such as Uniswap, SushiSwap, and metaverse gaming platforms such Decentraland ($MANA) that issue their own tokens. Cryptocurrency is extending its influence to many industries including financial services and gaming, and investors see the underlying tokens not only as a way to invest, but also as a means to participate in the new digital ecosystem being built on the blockchain.

7 cryptocurrencies