What are the major cryptocurrencies commonly traded?

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What are the major cryptocurrencies commonly traded?

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The major cryptocurrencies commonly traded include those with high market capitalization, liquidity, and widespread adoption. Here are some of the most prominent cryptocurrencies:

1. **Bitcoin (BTC)**:
   - Bitcoin is the first and most well-known cryptocurrency, often referred to as digital gold. It was created by Satoshi Nakamoto and launched in 2009. Bitcoin serves as a decentralized digital currency and a store of value.

2. **Ethereum (ETH)**:
   - Ethereum is a decentralized platform that enables developers to build and deploy smart contracts and decentralized applications (dApps). ETH is the native cryptocurrency used to pay for transactions and computational services on the Ethereum network.

3. **Binance Coin (BNB)**:
   - Binance Coin is the native cryptocurrency of the Binance exchange, one of the largest cryptocurrency exchanges globally. BNB is used for trading fee discounts on the platform and various other utilities within the Binance ecosystem.

4. **Cardano (ADA)**:
   - Cardano is a blockchain platform that aims to provide a more secure and scalable infrastructure for the development of dApps and smart contracts. ADA is the native cryptocurrency of the Cardano network.

5. **Solana (SOL)**:
   - Solana is a high-performance blockchain platform designed for decentralized applications and crypto trading. SOL is used to pay for transactions and computational tasks on the Solana network.

6. **Ripple (XRP)**:
   - Ripple is both a payment protocol and a cryptocurrency (XRP) used in the Ripple network. XRP aims to facilitate fast and low-cost international money transfers between financial institutions.

7. **Polkadot (DOT)**:
   - Polkadot is a multi-chain blockchain platform that enables interoperability between different blockchains. DOT is the native cryptocurrency of the Polkadot network, used for governance and staking.

8. **Dogecoin (DOGE)**:
   - Dogecoin started as a meme cryptocurrency but has gained popularity and utility for online transactions and tipping. It features a community-driven approach and low transaction fees.

9. **Chainlink (LINK)**:
   - Chainlink is a decentralized oracle network that connects smart contracts with real-world data. LINK is the native cryptocurrency used to pay for services on the Chainlink network.

10. **Litecoin (LTC)**:
    - Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It is based on the Bitcoin protocol but with faster transaction confirmation times and a different hashing algorithm (Scrypt).

These cryptocurrencies are actively traded on various cryptocurrency exchanges worldwide and are often used as benchmarks or investment vehicles by traders and investors. The list can vary over time as new cryptocurrencies emerge and market dynamics evolve.

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