In the market today, we have tens of thousands of cryptocurrencies of different cryptocurrencies. To a new user, it can get overwhelming trying to find the best one to use. However, this should not scare you as a topiacoin.io reader from the cryptocurrency trade world. In this article, we will outline the top cryptocurrency we currently have in the market.
Ethereum is the top-most cryptocurrency, with a market cap of up to 357 million. Comparing the digital currency to the Blockchain platforms, Ethereum is a top pick program for developers because of its applications, like smart contracts that automatically execute when one meets the conditions and the non-fungible tokens.
Ethereum has experienced massive growth, and in just five years, the prices went from 11 dollars to over 3000 dollars, having a massive growth of over 27,000%.
Bitcoin is the first-ever cryptocurrency, created in 2009 by someone using Satoshi Nakamoto’s pseudonym. Compared to other cryptocurrencies, they based bitcoin on a blockchain. Blockchain is a ledger used to record transactions on various networks of thousands of computers. Bitcoin is secured because one must verify additions of the distributed ledgers by solving a cryptographic puzzle, a process referred to as a proof of work.
As Bitcoin has become a household name, its price has skyrocketed. A few years ago, a single Bitcoin was sold for around 500 dollars. Today, a single Bitcoin is worth over 45,000 dollars as of August 2021. That equates to an increase of approximately 8,900%.
The Binance Coin is a cryptocurrency in a form where one can trade and pay fees on one of the top cryptocurrency exchanges in the world.
Binance Coin has only grown the business history since its inception in 2017, supporting the exchange of the Binance platform. One may now also use it for commerce, payment, or even booking for travel purposes. It can also be traded or swapped for other kinds, like Ethereum or Bitcoin of cryptocurrency.
It used to sell at only 0.10 dollars in 2017, and we believe the prices will increase to about 419 dollars by 2021.
Thanks to famous and wealthy people such as Elon Musk, Dogecoin became popular. Known as a joke in 2013, Dogecoin has quickly become a leading alternative for cryptocurrencies, thanks to an engaged community and creative articles. Unlike many other cryptos, like Bitcoin, the quantity of Dogecoins created is not limited, leaving the currency subject to devaluation as supply increases.
The price of Dogecoin was 0.0002 dollars a few years back. However, the price now stands at 0.31 dollars in August 2021. A massive gain of 154,900 percent.
After Bitcoin’s success, Charlie Lee, an MIT graduate, and a former Googler, came up with Litecoin in 2011. Bitcoin cash is an open-source, decentralized cryptocurrency that a single entity can’t regulate. It has several similarities to Bitcoin, but it generates blocks faster and has instant confirmation for transactions. Besides developers, some online sellers now accept Litecoin as payment.