Cryptocurrency, a word that none were acknowledged with before a few years is now the most commonly talked word. Cryptocurrency in brief is nothing but digital currency which is secured through the process of Cryptography. There are more than 7000 cryptocurrencies today. As a novice, you might get perplexed. But do not worry, as we, in this article, are going to discuss about Top cryptocurrency blooming in the market. Many experts have said that the year 2021 will be the turning point for Cryptocurrencies.
Following are the top cryptocurrencies that you can invest in 2021:
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Bitcoin, the word itself is enough, right? Most of the people who know cryptocurrency came to know about it through Bitcoin. Bitcoin is not the most advanced one in terms of technological usage but is indeed the biggest one in the market. Around 40 percent share in total cryptocurrency is of Bitcoin. The world’s most “talked” person, Elon Musk, has also invested a hefty amount in this cryptocurrency.
Bitcoin is denoted by BTC and was invented in the year 2009. In 2013, the price was around 75 $ but at the current time, it has hiked to around 50,000 $. That being said, some experts predict that bitcoin will cross 100,000 $ in 2021!
After bitcoin, it is the second-most popular cryptocurrency. While bitcoin is limited to cryptocurrency, the same is not true for Ethereum. It is also faster in transactions than bitcoin, taking only 15 seconds to complete the transaction.
Ethereum is denoted by ETH and was invented in the year 2015. While the current price ranges around 1700 USD, experts believe that the total market of so-called “advanced bitcoin” will be around $200 million by the end of the year.
Looking for cross-border transactions at an affordable rate? Stellar is the one that you are searching for! Why stellar? The cryptocurrency was hiked around 200 percentage in the first week of January. What’s more interesting is the partnership of this cryptocurrency with the Ukrainian government, which happened in the same week of January.
Denoted by XLM, It was established in the year 2014. It has a market cap of around 5 million $. As discussed above, those points make the cryptocurrency among the top ones to look out for in the year 2021.
Ripple, widely known as XRP, is invented by Ripple Labs. It is nothing but a digital payment platform with some innovation. Numerous benefits are offered by Ripple, which include instant confirmation for the payment (if done) and transfer of money at fewer exchange rates.
Invented in the year 2012, Ripple is not involved in digital currency but offers faster and safer international payments. Worldwide organizations such as American Express and JP Morgan works with the same system as Ripple. Currently, the price lies around 0.4 $ which makes it affordable and as it has a promising future, it is among the top cryptocurrencies.
Astonished by reading the name, right? No, it is not exactly bitcoin. Though it was developed with the help of the code of the original Bitcoin project, it has more scalability and even the transaction gets completed quickly.
Denoted by BCH, Bitcoin Cash was invented in the year 2020. It has a market cap of around 9 million $. Though not everyone has the same opinion on this one, we still believe it as the promising one in the near future.
Dogecoin, the one that recently came in the news, also makes it in this list. The cryptocurrency got its name from merely a meme and was exponentially grown recently due to the tweets of Tesla CEO Elon Musk. Moreover, it has a faster block time, which eventually results in better performance than bitcoin in terms of processing payments.
Denoted by DOGE, the coin was established back in the year 2013. Currently, the price is around 0.054 $ and is expected to grow throughout the year.
This was all about Top cryptocurrency blooming in the market. All these cryptocurrencies have their own pros and cons, and hence, we advise you to invest in them after thorough analysis. We hope that the article has served its purpose and will help you in knowing about these cryptocurrencies.