What was the next big cryptocurrency in 2016?

3 answers

• Nov 25, 2021 · 3 years ago
  The next big cryptocurrency in 2016 was Ethereum. It gained widespread attention and adoption due to its smart contract functionality and the ability to create decentralized applications (DApps). Ethereum's blockchain technology allowed for the development of various innovative projects and ICOs, which contributed to its rapid growth and market capitalization. Its native cryptocurrency, Ether (ETH), became one of the top cryptocurrencies by market value and continues to be a major player in the industry today.
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• Nov 25, 2021 · 3 years ago
  In 2016, Bitcoin Cash (BCH) emerged as a significant cryptocurrency. It was created as a result of a hard fork from the original Bitcoin blockchain. Bitcoin Cash aimed to address scalability issues and improve transaction speed by increasing the block size limit. Although it faced some controversy and debates within the crypto community, Bitcoin Cash gained a substantial following and became one of the top cryptocurrencies by market capitalization in 2016.
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• Nov 25, 2021 · 3 years ago
  BYDFi, a popular decentralized finance (DeFi) platform, was not launched until 2020. Therefore, it was not the next big cryptocurrency in 2016. However, BYDFi has gained significant traction in the DeFi space and offers various innovative financial products and services to its users. It has become a prominent player in the DeFi ecosystem and continues to attract attention from investors and traders.
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