The following are active cryptocurrencies: Tether, Bitcoin, Ethereum, USD Coin, Binance, TrueUSD, and XRP. Because I am so curious about engaging with crypto, which is why this day, no work in my country for it is a holiday, I researched the different active currencies. Does it mean to say, that there are currencies that are inactive? Why is that so? All these mentioned are so famous in the crypto world. But I only knew Bitcoin, Ethereum, and Binance. I do not know about USD coin, True USD, and XRP. There are many of you here crypto experts, I believe you already knew about these active cryptos.
Active Cryptocurrency
- Thread starter Starmix
- Start date
Bitcoin is the most promising and active cryptocurrency that you can choose.
If we group cryptos based on their activity then we can group them into four categories Very Active, Active, less active, not active. Crypto is very active, meaning that it is often used as a trade or transfer transaction and is also stored as an investment to make a profit and get capital gains, such as Bitcoin, Ether, Doge, Ltc, BNB, SOL, DOT, USDT, AVAX, XRP. There are thousands of inactive or moribund cryptos, such as Reddcoin, Peercoin etc.
Active cryptocurrencies are those which are used for something and people trade with it. Check status Trade volume or Volume. Most often is show for one day. Bigger amount mean more people use it and trade it. If it is very low, probaly nobody is not interested.
There are over 2000 active cryptocurrency and more are coming. You can get information about crypto through some site like coinmarketcap, coingecko etc. This is the right time to learn about cryptocurrency because it is an opportunity to become million in no time.
- Thread starter
- #10
@Magnus2022 oh yeah many became rich because of investing cryptocurrency. I'm one among the dreamers to achieve my dream through crypto. I already have a crypto wallet and soon I'll explore but to make sure am away from scams.
Many become but many were scammed or lost money. In my country several people lost over 10 000 euros. Scammers took it. Also many say they invest in rouge projects. Owner took money and gone.
- Thread starter
- #12
There is surety then, much better to do business offline than online, especially on cryptos where scammers and so numerous and just lurking around waiting for victims.
I do not understand what you mean by active and non-active cryptos, all cryptocurrencies are assets, some behave better and others worse, according to their popularity, performance, usability etc, my favorite is Bitcoin but ethereum, cosmos, cardano, dot, bnb, monero for example they are also cryptos to consider.
You have a very good point the only difference is that we have the predominant and popular cryptocurrencies like Bitcoin.
Choosing the popular cryptocurrencies for an investment would be a better investment decision.
