Top 5 cryptocurrencies– Cryptocurrency has caused a storm all over the world. That’s why everyone wants to know that What is a cryptocurrency and Which one is the best to invest? Cryptocurrency is the easiest way to make money at home.
So here we are going to provide you with our top 5 picks of cryptocurrencies that you can count on in 2021! But we need to know about cryptocurrencies and their market before we know the top 5 on the list.
Contents
What is Cryptocurrency?
We think this topic deserves a short introduction to what this entire cryptocurrency buzz is all about.
All things considered, the digital payment system has changed the entire thought of carrying cash with you! Regardless of whether you need food, staple goods, a taxi, or a general service everything you can pay online. Cash is untraceable or can spend anonymously. Bitcoin Made the promise to avoid all these painful problems.
It had beautiful anonymity of cash, which not printed by the government. Instead, it made by a piece of code fueled by the digital citizen. Today anybody can purchase crypto. You just need to signup in for crypto exchange, add your bank or card details and you will get cryptocurrency easily. End of 2017 bitcoins started to become popular it was worth however much the large banks remained against it.
Cryptocurrency Market
Today, the global cryptocurrency market cap is $2.33T and there are thousands of cryptocurrencies in the market apart from bitcoin. Although this is not a new market now so many industries are finding new opportunities in this market. This is why in this article, we are providing you Top 5 cryptocurrencies that can help you take proper decisions for Financial Future.
Here is the cryptocurrencies list-
- Bitcoin
- Ethereum
- Ripple
- Bitcoin Cash
- DogeCoin
Bitcoin: King of Cryptocurrency Market
Bitcoin was the primary digital currency that began the whole decentralization development. Without bitcoin, we would not have been the place where we are today on account of crypto. What Bitcoin did was how it brought a new view of trust.
As indicated by bitcoin, no client is a trusted client and everything should be checked by open assent, which is a mathematical process called “proof of work”.We will not use proof of work, but consider that its very resources are heavy and equally reliable, and difficult to break.
To date, the world’s top digital currency has a market capitalization of over $1.1 trillion, valued at over $ 50,736 per coin.
Ethereum
Ethereum is distributed computing platform Base on an open-source and public blockchain for building decentralized applications. Therefore, before Ethereum was built, blockchain applications were designed to have very limited operations.
Vitalik Butirin created a platform for developers to write programs on the block-chain, called Ethereum. This was brought for the implementation of smart contracts, which is a program that runs on the blockchain and can be implemented by users of the network.
So basically it allows app developers to work independently on the blockchain without knowing its complexities using a framework like a truffle. Ethereum’s cryptocurrency is called Ether and has around 100 million on the market.
Ripple- The Best Cryptocurrency to Invest in 2021
Ripple introduce in 2012 as a unique concept to solve the international payment transfers problems. Traditionally It takes a week to transfer the international money, but with the Ripple, you can transfer within seconds.
Ripple works on the open-source decentralised platform so you can transfer money in any form of currency or cryptocurrency.
That’s why its one of the top 5 cryptocurrency to invest in 2021. So buying this cryptocurrency is going to be a smart move
Bitcoin Cash
Cryptocurrency like bitcoin is based on blockchain technology, which stores information about crypto transactions within a “block” of data that can contain up to 1 megabyte of data. As the currency became more popular, these data blocks filled, bitcoin transactions slowed down and transaction fees increased.
Some bitcoin developers proposed a solution that would effectively reduce the amount of data required in each block, but others believed it would compromise the integrity of the cryptocurrency – so they made bitcoin their own in August 2017 Created the version and called it Bitcoin Cash.
Bitcoin Cash may be newer and less popular than its predecessor, but its scalability means it has incredible growth potential and puts it in the race for the best cryptocurrency. BCH commenced business in 2021 for less than $ 500 but has recently grown to over $ 1,500.
DogeCoin: Mame Coin of Cryptocurrency Market.
Dogecoin was certified in 2013 by Billy Marcus and Jackson Palmer. They decided to create a payment system as a joke mocking wild speculation in cryptocurrencies on that time.
In early 20201 the Redditors pushed the price to new heights And then, Elon Musk called himself “Dogfather” to further promote this cryptocurrency. While many argue the validity of this coin, Dogecoin remains part of its market value.
In April 2021, Dogecoin reached its all-time high of $ 0.2917. After further steady growth, Elon Musk’s SpaceX has now announced that it accepts Dogecoins as payment. This is why its one of the top 5 cryptocurrency to invest in 2021.
That was our list of “Top 5 cryptocurrency”. We hope you enjoy reading this article. If you guys have a separate list of “Top 5 cryptocurrency“, please share it with us in the comments section below.