In the Philippines, the most popular cryptocurrencies are Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. These coins are widely traded on exchanges such as Binance, Huobi, and OKEx.
Bitcoin is the original cryptocurrency and still the most popular. It is seen as a store of value, like gold, and has a limited supply of 21 million coins. This makes it attractive to investors who believe that the price will continue to rise as demand increases.
Ethereum is the second-largest cryptocurrency by market cap and is seen as a platform for decentralized applications (dapps). It is also used in Initial Coin Offerings (ICOs) to raise funds for new projects.
Why Bitcoin Cash?
Bitcoin Cash is a fork of Bitcoin that was created in August 2017. It has a larger block size of 8MB, which allows for faster transaction times and lower fees.
Litecoin is a fork of Bitcoin that was created in October 2011. It has faster transaction times and a larger supply of 84 million coins.
What about other cryptocurrencies?
There are many other cryptocurrencies available, but these four are the most popular in the Philippines.