What a wonderful privilege it is always for me to always bring to you another edition of my publication today. As of my last post, I started a new series of which we are looking at the top 5 Cryptocurrencies In the world according to present ranking. Like I said, the crypto world is really vast and constantly every blessed day, there is always a strong competition to enter the top 10 and even top 100 self.

In my last post, I actually talked extensively on bitcoin and Ethereum starting from their history down to what made them spectacular in the crypto world. If you haven't read you can check it out in my last post. Today I will be looking at the remaining three I picked which are the Binance coin, Cardano and finally tether also. So stay tune and enjoy reading below.

- Binance Coin(BNB).

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Binance coin (BNB) as many of us is aware of and even according to the name is one of these digital currency that is created to serve as a native token for the exchange of Binance. It was actually launched in the year 2017 and since then it has been able to achieve remarkable height in the crypto market beyond imagination. First serving as utility token but now it is currently used much more than that as it is currently used for buying and selling purposes and to carry other transactions in the crypto market.

As of currently now in the Binance Exchange, BNB is used as a trading fees on the exchange and not only that it serves as a revenue for people who hold the coin on the Binance Exchange. Also to add to it, the BnB token has rose to be used as the native token for the Binance smart chain which is also created by the exchange Binance. BSC as the short form is called is used to run smart contract purposes and for DEFI purposes also. It is quite similar to the Ethereum Blockchain platform also.

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In a bind to sustain the value of the coin, Binance frequently make sure that there is a token burn where a particular amount of BNB is removed from the circulation. This helps to increase the value as time goes on much more than that. It is really a fast developing token and in fact I am seeing it as a potential top two coin in the crypto market but that is when the Binance Exchange is sustained.

- Cardano(ADA)

For many of us, we might not really be aware of cardano like that compared to the other four on the list but nevertheless they make strong wave in the crypto market system. Let's look at it in details what Cardano is and how they actually come into the picture.

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Cardano also is a Blockchain platform just as Ethereum and also just as the Binance smart chain I explained earlier. But this work in the science aspect much more. What do I mean by that. Cardano works in a way whereby it makes specific importance or research, scientific discovery and much more. Now cardano comprises two layers which are the Cardano Settlement Layer called the CSL and the Cardano Computation Layer which is also called the CCL.

Now let's me dive to to talk about the ADA token which is the native Cryptocurrency of the Cardano Platform. It is used for purposes ranging from transactions, staking and also for governance. People who buy and hold the ADA token can stake it for return and it is also used to carry out smart contract transactions that are also built on the Cardano Platform.

- Tether(USDT)

Now let me move to the last token on my list. Quite an interesting one that everyone of us is aware of but majority of us have limited information about it actually. Many of us known it as a stablecoin but actually it is quite beyond that. Let's look into it together also.

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Thwther is a digital cryptocurrency which is associated as the name stablecoins due to the main purposes why it was actually created. It was created to maintain a stable value so it's value is always pegged to the US Dollar value. It is the first stablecoins created on the crypto space and which gives way for other stablecoins to come up also. It is used for trading, for buying and selling and even for transaction fees in the crypto world.

Due to the vast importance and usefulness, it is used in almost every of the Blockchain platforms ranging from bitcoin, Ethereum, Tron and even cardano also. Till today it is still one of the best forms of investment that every investor in the crypto space considers due to the fact that its purposes have been a stablecoin.