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    Home»News»What if there was a “Crypto World Cup”? A fixture to understand cryptocurrencies

    What if there was a “Crypto World Cup”? A fixture to understand cryptocurrencies

    Stanley BowersBy Stanley BowersNovember 23, 2022No Comments2 Mins Read
    What if there was a “Crypto World Cup”?  A fixture to understand cryptocurrencies
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    Since the legendary Satoshi Nakamoto created Bitcoin in 2009, The cryptocurrency ecosystem has grown dramatically. Today it is estimated that there are about 12,000 cryptocurrencies although, according to data from September of this year, there are only 20 that account for 87% of the market.

    Because those numbers may seem a bit abstract to many people, “the crypto fixture” is a friendly and playful way to start “getting into the topic”. The idea here is that groups share similarities, advantages and disadvantages and it is possible to have an approximation to the “who is who” within the digital money ecosystem from 16 examples. These are cryptos that you often hear about without knowing exactly what characteristics they have.

    For example, the “leader” of group A is Bitcoin, the most famous of cryptocurrencies. It shares space with Ethereum, Cardano and Solana, with which it has common features: popularity but also instability, since, as the price history shows, the fluctuations of all of them can be very extreme.

    (Unicoin)

    In turn, the three remaining groups of the fixture help to understand other characteristics of the world of cryptocurrencies. For example, calls memecoins (among which Dogecoin stands out) highlight the question of how they went viral and among stablecoins The four most well-known ones that tie their value in parity with the dollar are included. Finally, among the new generation (led by unicoin ), the fixture includes cryptocurrencies that seek to avoid extreme volatility by relying on assets.

    Beyond its playful tone, the “cryptocurrency fixture” confirms that interest in cryptocurrencies continues to grow but the question seems to have changed: it is no longer so much about “crypto yes, crypto no” but which crypto and for what .

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