![]() ![]() By late November 2023, its price had risen to around $230, a gain of 229,847%. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.īNB’s price in 2017 was just $0.10. ![]() Now, it can be used for trading, payment processing or even booking travel arrangements. Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform. Market cap: $46 billion CAD ($34 billion USD)īinance Coin (BNB) is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.If you’re looking for a stablecoin pegged to the stability of the Canadian dollar instead, then QCAD is what you want. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. Unlike some other forms of cryptocurrency, Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. Market cap: $120 billion CAD ($89 billion USD).From April 2016 to the end of November 2023, its price went from about $11 to around $2,036, increasing 18,409%. Market cap: $340 billion CAD ($252 billion USD)īoth a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and like non-fungible tokens ( NFTs).Įthereum has also experienced tremendous growth.28, 2023, a single Bitcoin’s price was around $37,427. In May 2016, you could buy one Bitcoin for about $500. Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.īitcoin’s price has skyrocketed as it’s become a household name. As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers. Market cap: $1 trillion CAD ($759 billion USD)Ĭreated in 2009 by Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency.To date, there are more than 19,000 cryptocurrency projects out there that represent the entire $1.6 trillion ($1.3 trillion USD) crypto market. 10 Best Cryptocurrencies In Canada For December 2023Ī cryptocurrency is a digital asset that can circulate without the centralized authority of a bank or government. While we work hard to provide accurate and up to date information that we think you will find relevant, Forbes Advisor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impact any of the editorial content on Forbes Advisor. These “affiliate links” may generate income for our site when you click on them. Second, we also include links to advertisers’ offers in some of our articles. This site does not include all companies or products available within the market. The payments we receive for those placements affects how and where advertisers’ offers appear on the site. This comes from two main sources.įirst, we provide paid placements to advertisers to present their offers. To help support our reporting work, and to continue our ability to provide this content for free to our readers, we receive payment from the companies that advertise on the Forbes Advisor site. The Forbes Advisor editorial team is independent and objective. ![]()
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