Popular types of cryptocurrenciesCrypto Categories DeFi (decentralized finance)NFTUtility tokensStore of value tokens (e.g. Bitcoin, Litecoin)Yield farming tokens (e.g. Aave) Most popular cryptocurrencies Bitcoin (BTC)21 million BTC limitTHE currency of the Internet in less than 10 years (when there are fewer scammers)global currency payment if you bought $100 in 2009, at its all-time high it would have $58 million by Satoshi Nakamoto in 2009, became popular in 2017 no single place in the world to shut it downevery other cryptocurrency price is dependent on Bitcoin’s price it it crashes, everything else crashes Ethereum (ETH)process transactions faster than Bitcoinup 35,000% since inception Tether (USDT) called a stablecoin and is anchored at $1 per coin tied to USD acts as a medium when traders move from one cryptocurrency to another Binance Coin (BNB)issued by Binance, one of the largest crypto exchanges in the worldcan now be used for payments as well as purchasing various goods and servicesoriginally created as a token to pay for discounted trades USD Coin (USDC)Like Tether, its value should not fluctuatebacked by fully reserved assets XRP (XRP)useful in cross-border transactions Terra (LUNA)currency Lunaa platform that helps backstop a range of stablecoins based on real currencies such as the dollar or eurohelps stabilize the price of stablecoins through various technical meanssupports smart contracts Cardano (ADA)technologically superiorCreated by the co-founder of Ethereumcurrency: adacryptocurrency platform behind adaalso uses smart contracts to enable identity management Solana (SOL)currency SOL, capped at 480 million coinslaunched in 2020speedy transactions Avalanche (AVAX)users can process transactions in the native AVAX tokenfast and low-cost smart contracts-based blockchain platformbuilding decentralized apps and facilitating the creation of custom blockchains Polkadot (DOT)Launched in May 2020connects the technology of blockchain from many different cryptocurrenciesA co-founder of Ethereum is one of Polkadot’s inventors Litecoinnewer algorithm Binance USD (BUSD)dollar-backed stablecoin from top crypto exchange Binancelaunched in 2019regulated by the New York Department of Financial Servicesruns on top of the Ethereum blockchain Sources:12 most popular types of cryptocurrencyWhat is successful crypto marketingHow Cryptocurrency ACTUALLY works (YouTube) Crypto Categories You NEED TO KNOW!! 101 Guide (YouTube)