These are the top 7 cryptocurrencies by market cap.
1. Bitcoin (BTC)
2. Ethereum (ETH)
3. Tether (USDT)
4. Usd Coin (USDC)
5. Binance Coin (BNB)
6. Ripple (XRP)
7. Binance USD (BUSD)
Only 2 of these are decentralized – Bitcoin and Ethereum.
The goal of Satoshi when he created Bitcoin was to have a decentralized peer-peer payment system.
**So is decentralization even important?**
Decentralization is so important due to so many reasons – the main one being freedom.
At any moment centralized cryptocurrencies can suspend transfers or create 100 million more tokens making your stack worthless.
**Let me rephrase the question, is decentralization even important for a crypto to pump?**
Completely not. As of today, most crypto investors are here to make some quick cash. If you have good marketing, it doesn’t matter if it’s decentralized or centralized.
**What are your opinions on this matter?**