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Cryptocurrency News: Market value, exchange rate to dollar today 19 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 19 November 2021.

Cryptocurrency list: Dollar USD exchange rate | Market Value

  1. Bitcoin (BTC): $57 178.00 | $1 079 431 780 881.00
  2. Ethereum (ETH): $4 159.3 | $492 467 866 269.00 USD 
  3. Binance Coin (BNB): $558.76 | $93 922 411 613.00
  4. Tether (USDT): $1 | $73 891 287 767.00
  5. Solana (SOL): $203.05 | $61 707 349 952.00
  6. Cardano (ADA): $1.82 | $58 427 127 903.00
  7. XRP (XRP): $1.06 | $49 851 924 286.00
  8. Polkadot (DOT): $39.92 | $42 184 437 261.00
  9. USD Coin (USDC): $1.00 | $34 479 653 188.00
  10. Dogecoin (DOGE): $0.226 | $29 994 411 095.00

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, a group of investors who garnered $47m worth of ether just in a week to buy a rare, first-edition copy of the U.S. Constitution at a Sotheby’s auction — and lost, CNBC report says.

The group, known as ConstitutionDAO, wrote in its ‘frequently asked questions’ that the funds would be redeemable, minus a transaction fee.

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