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Cryptocurrency News: Market value, exchange rate to dollar today 18 November 2021

Here are the exchange rates for top cryptocurrencies to dollar.

The cryptocurrencies are bedeviled with high rate of volatility because it is the hottest trend in investment. However, here are some rundown of current rates as at the time of filing this report.

The spotlight will be on the top 10 cryptocurrencies based on their market value today 18 November 2021.

Cryptocurrency list: Dollar USD exchange rate | Market Value

  1. Bitcoin (BTC): $59 750.00 | $1 127 738 084 128
  2. Ethereum (ETH): $4 233.78 | $500 991 855 944.00 USD 
  3. Binance Coin (BNB): $571.85 | $96 184 714 382.00
  4. Tether (USDT): $1 | $75 494 173 345.00
  5. Solana (SOL): $209.84 | $63 980 921 988.00
  6. Cardano (ADA): $1.85 | $59 583 103 815.00
  7. XRP (XRP): $1.1 | $51 281 737 612.00
  8. Polkadot (DOT): $40.71 | $42 969 302 090.00
  9. USD Coin (USDC): $1.00 | $34 605 281 360.00
  10. Dogecoin (DOGE): $0.233 | $30 585 569 373.00

What is Cryptocurrency?

Cryptocurrencies are the digital coin that live on the blockchain. It is a decentralized computer network that records all transactions. The value of crypto is determined by how many people buy it. That is why it does not depend on central authority like traditional currencies depend on banks.

As of March 2021, there are about 9,000 cryptocurrencies in the market. Bitcoin is the first to begin and still remain at the top because it has limited supplies that’s why some view it as a good store of value and an edge against inflation like gold.

Meanwhile, the total market capitalization for cryptocurrency has reduced to $2.18trillion as Bitcoin and altcoins continue to experience price decline. This excludes USD Coin (USDC) which rose by 0.04 in the last 24 hours and few others. Market value currently stands at $2.72billion.

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