What is cryptocurrency
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While this volatility can lead to significant gains, it also comes with increased risk. As a beginner, it’s important to recognize that crypto markets can be unpredictable, and prices may swing dramatically. Instead of making impulsive decisions based on short-term price movements, focus on long-term goals and be prepared for ups and downs.
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Cryptocurrency wallet
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The Coinbase Wallet can be downloaded as a mobile app or browser extension and features an easy-to-navigate UI consistent with the Coinbase exchange. The wallet is automatically configured to support many blockchains, including all EVM-compatible chains, Solana, Fantom Opera and more.
The Ledger Nano S Plus is our pick for best staking wallet because it lets you stake your cryptos while keeping the private keys securely offline. This sort of security can only be provided by a hardware wallet, and the Nano S Plus offers one of the widest range of staking assets for any hardware or software wallet.
It’s important to note that Ledger suffered a data breach in July 2020 that resulted in the theft of some customers’ personal data — but, significantly, not their crypto assets. No private keys to wallets were taken, but there were reports of customers receiving phishing emails and other scamming threats afterward. That noted, Ledger has long been a trusted name in the crypto world, but the data breach is a good reminder to be careful online — especially when it comes to dealing in crypto assets.
The Mycelium wallet is noncustodial, so you’ll have sole access to your private key and PIN. This wallet is also the only hot-storage wallet on our list that’s completely open-source. Though there are security advantages in that, it also comes with limited tech support options. Basically, if you get stuck, you can submit a help ticket to the email address listed at the bottom of the webpage.
Cryptocurrency prices
CoinMarketCap does not offer financial or investment advice about which cryptocurrency, token or asset does or does not make a good investment, nor do we offer advice about the timing of purchases or sales. We are strictly a data company. Please remember that the prices, yields and values of financial assets change. This means that any capital you may invest is at risk. We recommend seeking the advice of a professional investment advisor for guidance related to your personal circumstances.
Properly understanding the cryptocurrency market can be complex and take time, so that is why we make it simpler by focusing on key metrics like prices, market caps, and volume. For both beginners and seasoned investors, the price action is an essential indicator of the market’s overall health and activity. By aggregating data from top exchanges, COIN360 provides a detailed snapshot of the market caps, price movements, and trading volumes of over 5000 tokens.
One of the biggest winners is Axie Infinity — a Pokémon-inspired game where players collect Axies (NFTs of digital pets), breed and battle them against other players to earn Smooth Love Potion (SLP) — the in-game reward token. This game was extremely popular in developing countries like The Philippines, due to the level of income they could earn. Players in the Philippines can check the price of SLP to PHP today directly on CoinMarketCap.
The very first cryptocurrency was Bitcoin. Since it is open source, it is possible for other people to use the majority of the code, make a few changes and then launch their own separate currency. Many people have done exactly this. Some of these coins are very similar to Bitcoin, with just one or two amended features (such as Litecoin), while others are very different, with varying models of security, issuance and governance. However, they all share the same moniker — every coin issued after Bitcoin is considered to be an altcoin.
CoinMarketCap does not offer financial or investment advice about which cryptocurrency, token or asset does or does not make a good investment, nor do we offer advice about the timing of purchases or sales. We are strictly a data company. Please remember that the prices, yields and values of financial assets change. This means that any capital you may invest is at risk. We recommend seeking the advice of a professional investment advisor for guidance related to your personal circumstances.
Properly understanding the cryptocurrency market can be complex and take time, so that is why we make it simpler by focusing on key metrics like prices, market caps, and volume. For both beginners and seasoned investors, the price action is an essential indicator of the market’s overall health and activity. By aggregating data from top exchanges, COIN360 provides a detailed snapshot of the market caps, price movements, and trading volumes of over 5000 tokens.
Ripple cryptocurrency
XRP is the native token of the XRP Ledger (XRPL), similar to ETH for the Ethereum blockchain or BTC for Bitcoin.XRP facilitates transactions on the network, protects the ledger from spam, and bridges currencies in the XRP Ledger’s native decentralized exchange (DEX).
XRP is a highly efficient cryptocurrency built on the XRP Ledger, a decentralised blockchain designed to facilitate fast, affordable transactions across borders. Its primary use case is in bridging currencies for global payments, with additional applications in decentralised finance, tokenisation, and everyday transactions. Created by McCaleb, Britto, and Schwartz in 2012, XRP’s ecosystem continues to evolve, driven by a global community of developers and validators.
The development of central bank digital currencies (CBDCs) opens new possibilities for Ripple’s technology. The XRP Ledger provides a ready-made infrastructure for CBDC deployment and interoperability. Several central banks explore the platform for potential CBDC pilots and implementations.
RippleNet faces regulatory challenges and competition but continues evolving through new partnerships, CBDC initiatives and expanded blockchain features. The platform’s success depends on regulatory clarity, institutional adoption and its ability to maintain technical advantages in the digital payments space.
The XRP Ledger can process 1,500 transactions per second continuously and has potential to scale up to 50,000 TPS through optimization. Unlike blockchain networks that grow larger with each transaction, Ripple’s ledger remains efficient by pruning older transactions while maintaining their cryptographic integrity. This design prevents network congestion and keeps performance consistent even as usage grows.