Bitcoin is an essential cryptocurrency. We have seen 2nd and 3rd generation blockchains (Ethereum and Cardano). Despite this, Bitcoin has remained on top and is now seen as the benchmark cryptocurrency.
the Bitcoin is considered safer than other cryptos. The BTC/USD pair fluctuates less than lower-valued tokens because it is used as a store of value.
In addition, the fact that Bitcoin derivatives are launched towards professional investors shows that this cryptocurrency is gaining a good reputation in the traditional financial sphere. A lot of’institutions, once skeptical, have changed their view of bitcoin.
Ethereum can symbolize decentralized finance (DeFi) on its own, hosting nearly 55% of the TVL of this sector. DeFi is a large sector of finance characterized by the absence of conventional financial intermediaries such as centralized banks, brokers and exchanges. It essentially enables peer-to-peer financial transactions without the need for trust, eliminating the need for third parties and saving users time, money and effort.
Ethereum is still the most used blockchain and despite the many Ethereum Killers which are launched (Solana, Cardano, Polkadot…), the dethroning of Ether will not happen anytime soon. The Ethereum network is indeed moving to PoS mechanism and implemented a policy of token burn. The network therefore becomes more competitive.
Binance Coin (BNB)
BNB is talked about less often, but it is the native crypto of the largest cryptocurrency platform – Binance. If Ethereum has become a key player in DeFi through different protocols that are launched on its chain, Binance offers it a plethora of features on its all-in-one platform. Virtually everything that is done on Ethereum through different protocols can be found on the Binance site.
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Binance Coin has another advantage. This cryptocurrency is not highly correlated to Bitcoin. Which means that the BTC does not drag it too much in its fluctuations. Moreover, it is not very volatile, like Bitcoin.