What are the 4 most important cryptocurrencies

In countries with high inflation and a currency of low international value, crypto constitute a good haven of value. But they have also been successful in more stable economies since they can be used there to make purchases and other operations.

TO world levelhe Bitcoinis the crypto used by half of investors. They complete the podium, Ethereum (ETH) and Tether (USDT)the latter a crypto whose value is linked to that of the dollar.

In the Argentinathese positions have some variants, since many holders of these assets prefer those that are tied to the dollar.

What are the 4 most important cryptocurrencies

The most popular currency in the countryaccording to the exchange report CryptoMarketit is a stablecoin, USDT or Theter. His value is tied to the dollar and, for this reason, it is the favorite of almost half of investors, who seek to get away from the fluctuations, often sudden, of other cryptocurrencies.

The report says that “stablecoins have increased their market capitalization and have become a reliable option because they maintain their prices with slight daily variations, as occurs with the dollar or euro”.

He Bitcoin, the most popular crypto in the world, in Argentina, occupies second place, with a quarter of purchases. A pioneer in this market, Bitcoin broke its price records in March 2024 by exceeding US$70,000.

The report says that “Bitcoin (BTC) is a decentralized currency that can be used as a means of payment or investment instrument. One of its great advantages is its limited supply (21 million), which allows it to become an interesting store of value”.

Third place, with 14% of preferences, is occupied by Ethereum (ETH), the second largest in the world after Bitcoin. The CryptoMarket report assures that “there are great expectations surrounding this crypto due to the importance that blockchain technology and smart contracts are expected to acquire in the coming years.”

Fourth place goes to another stablecoin, USDC, backed by fiat money, that is, by reserve assets in the traditional market. Like USDT It has been designed to be pegged to the dollar. Available in ten blockchains, due to its characteristics, it seduces traditional investors who do not want to take greater risks with the volatility that defines crypto.

The report also highlights Solarium (SOL) because it appears in the Argentine top ten. “It is focused on offering a high-speed network with low cost per operation and good security measures,” says CryptoMarket. This has also made SOL to USD conversions particularly attractive to investors.

Another crypto that has been growing in Argentina is Shiba Inu, created from a meme and which has the support of personalities from the crypto world such as Vitalik Buterin, the creator of Ethereum. Enabled within that blockchain, it has the same security attributes.