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Bitcoin was created in 2009 by the person who uses the alias as Satoshi Nakamoto. Bitcoin is considered as the first digital currency in the world and is dubbed as “digital gold” It runs through blockchains or separate accounting transactions that are distributed over thousands of computer networks.
Bitcoin prices have been known to skyrocket steadily, but at the beginning of 2009, around October, it was found that the exchange rate of Bitcoin was 1,309 bitcoins for only 1 Dollar. However, on March 16, 2024, the new price of Bitcoin set a New High round that exceeded THB 2.6 million per 1 Bitcoin. Since the beginning of this year, the price of Bitcoin has soared more than 70%.
Ethereum is a distributed blockchain platform with more functions than Bitcoin. Ethereum is favored by program developers because it helps create distributed applications (dApps), smart contracts, and digital tokens (ERC-20).
Ethereum has also grown significantly from April 2016 to the end of March 2024, its price has increased from about USD11 (THB 395) to about USD4,033 (THB 140,000), increasing by 36.565%
ether is a coin that is called “stablecoin” because the value of Tether or USDT coins depends on the USD and many other fiat currencies. This coin was made to represent the dollar, which is used instead of the dollar in the trading market or Exchange as well.
Binance Coin is a Utility Token coin used on Binance Exchange, the world’s largest cryptocurrency exchange platform. Since its launch in 2017, Binance Coin can be traded on the Binance platform and outside the platform as well.
The price of BNB in 2017 was only USD 0.10 (THB 3.6 ). In mid-March 2024, the price of BNB rose to about USD530 (THB t19,000), increasing by 529,400%.
Solana is a high-speed blockchain platform that supports up to 65,000 transactions per second and has low fees, allowing developers to develop DApps regardless of blockchain performance limitations.
Solana launched in 2020 with the price starting at USD 0.77 (THB 27 ) by mid-March 2024, SOL prices were around USD 151.15 (THB 5,441), increasing by 19,530%.
XRP was created by the same group of founders as Ripple. It is a medium currency or Bridge Currency in cross-currency transactions to facilitate the exchange of various currencies, including general and other major digital currencies.
In early 2017, the price of XRP was USD 0.006 (THB 0.22) In mid-March 2024, its price reached USD 0.70 (THB 25), increasing by 11,608%.
It is a Stablecoin of the same type as Tether. The USD Coin (USDDC) will have a 1:1 reference value to the USD, meaning that the USDC should always be equal to USD.
It is a unique blockchain platform for Proof-of-Stake (PoS) to help accelerate transaction time, reduce environmentally-affected energy consumption, create a sustainable ecosystem, scalable and secure. The ADA coin is used as the main digital currency. ADA is based on Ada Lovelace, a mathematician of the 19th century.
Cardano’s ADA token grew relatively small compared to other major cryptocurrency coins. In 2017, the price of ADA was USD 0.02 (THB 0.72 ). In mid-March 2024, the price was USD 0.75 (THB 27 baht), increasing by 3,648%.
It is a Stablecoin of the same type as Tether. The USD Coin (USDDC) will have a 1:1 reference value to the USD, meaning that the USDC should always be equal to USD.
Dogecoin, a famous digital currency from Meme in 2013 with the image of a Shiba Inu dog as a logo, was created to mock Bitcoin but quickly became popular by Elon Musk, Tesla and SpaceX CEO. Dogecoin is different from other digital currencies in that it has unlimited supply because 5 billion new DOGE coins are created every year, making it an asset with a relatively high coin issuance rate, but it risks devaluation as the supply increases.
The price of Dogecoin in 2017 was USD 0.0002 (THB 0.0072). By March 2024, the price was USD 0.17 (THB 6.12 baht), increasing by 85,979%.
Shiba Inu is a meme digital currency with a picture of a Shiba Inu dog as a logo, just like Dogecoin (DOGE), created by an anonymous person in 2020. It is an experiment to find out if coins can work without central regulators. Famous people in digital currencies such as Elon Musk and Vitalek Buterin made this goal a reality.
At present, Shiba Inu has become the second largest Meme Coin in terms of market value, following Dogecoin. Although the two have changed somewhat, the price of the Shiba Inu coin in March 2024 is THB 0.000915.
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