Types of Crypto coins
There are literally thousands of Crypto coins in this world, more are being minted every single day, or even hours etc. One key question that came to all Cryptocurrency investors: What are the many types of cryptocurrencies?
What common type of coins are there? Summarized overview as below:
The blue chip crypto coins
Similar to stocks, there are cryptocurrencies that are classify as blue chip coins. They are:
BTC: is undoubtedly the king of Crypto. About 800B Market Cap as at today,
ETH: Queen of alternate coins. About 400B Market Cap as at today.
If we add both ETH and BTC, they almost made up half of the total Market CAP of the entire Crypto coins market cap! That’s why they are called the King and Queen!
There are cryptocurrencies that attempt to peg their market value to some external reference. Two main types:...