Thoughts CoinGecko’s Top 5 Most Voted Cryptocurrencies: Are there any honourable mentions?

Coinquora reported on the coingecko’s vote of top 5 cryptocurrencies right now. With over thousands of cryptocurrencies out there in the market with some new ones like GMT, LOOF, and Plastiks making waves. These multiple thousands of projects might have a minimal value yet untapped potential right now. Among all these cryptos, CoinQuora has compiled a list of the most voted coins on CoinGecko right now, using several resources from other crypto websites.

Bitcoin Despite the volatility of its huge price throughout its history, Bitcoin (BTC) remains the most popular and highly-valuable cryptocurrency in the market since its launch. Although Bitcoin is designed to be used as a digital payment project, experts consider it is still too volatile to be utilized for that process.

Dogecoin Dogecoin’s (DOGE) ATH is $0.68, compared to a value of just under one penny at the beginning of the year. Tesla CEO Elon Musk was partially responsible for the massive growth after calling Dogecoin his favorite cryptocurrency. By the middle of 2021, Dogecoin was consistently polling among the top five cryptos by total market cap.

XRP XRP was designed for digital payment systems but is mostly under banks and financial institutions. It is a faster and more efficient way to allow global cross-border payments. Third-party work on other possible uses of XRP.

Ethereum ETH is an open-source blockchain on which developers can build original decentralized applications and other cryptocurrency technologies. It is next to Bitcoin as the Silver of the crypto market. Since its introduction in 2013, Ether’s value has grown dramatically, reaching about $3,000 per token as of late May. Still, it is behind Bitcoin’s price of nearly $40,000.

BNB BNB is a cryptocurrency used to trade and pay fees on the crypto exchange Binance. The Binance Exchange is the largest cryptocurrency exchange worldwide as of January 2018, facilitating more than 1.4 million transactions per second.

Are you in agreement or would you rather make some changes to this?