Cryptocurrencies have been talked about around the world for the past few years. There are many speculations, ideas, and advice around cryptocurrency. But with the rise in market and investment, there have been plenty of options available in the market for everyone. So, the need to ask the question arises. If you are interested in trading crypto, you may visit bitalpha-ai for more Bitcoin trading strategies.
How can I earn more with my investment? There are so many other questions revolving around cryptocurrency, and with hype in the market, everyone wants a part of it for themselves. So, with this thought, let us get into what cryptocurrency is? Which of these cryptocurrencies are more popular? And maybe after this, you will get an idea about cryptocurrency.
Here are go5 popular cryptocurrencies
1. Bitcoin
Bitcoins are almost as popular a cryptocurrency as a cryptocurrency can be. There are times when these two are synonymous with each other. Bitcoin was the first cryptocurrency that started cryptocurrency, it started with a white paper by an anonymous writer, and now it is the leading market in decentralized currency. Another fact about cryptocurrency and bitcoin is that they cannot be taxed and never needs third-party verification.
Market value
With so much growth in the digital market, it is expected that this will keep on increasing. As of recently, it is said that there are coins worth $125 billion available in the market itself, with every coin costing up to $7,305. So with the rise in value every day, one can surely see the market worth of these cryptocurrencies.
2. Ethereum
Ethereum is another cryptocurrency that was developed to give freedom to everyone to use cryptocurrency and Blockchain. So the basic idea behind Ethereum is to allow developers to work on the Blockchain without any hassle of understanding the deep intricacies of Blockchain. Instead, they can use frameworks. One example of such a framework would be Truffle. Vitalik Buterin is the person who introduced Ethereum to the world and is responsible for the idea that every developer can write codes on or about Blockchains.
Market value
This has also given the much-required boost to Blockchain development and cryptocurrencies. However, no cryptocurrency has been able to compete with Bitcoins. But Ethereum also has approximately 100 million worth of coins in the market.
3. Ripple
Ripple, as the name suggests, was first introduced by Ripple Labs Inc., which is a technology company based in the US. The most noteworthy feature of Ripple is that we can do cross-border or international transactions quite easily with no minimum cost. They accept any currency from fiat curries to bitcoins and ether. This is a real-time currency exchange and gross settlement remittance network.
Market value
So, whenever you need to send money super-fast and super easy, you can choose ripple. The total market capitalization of Ripple is approximately $19.8 billion. As such, the price of every token is low, approximately around 50 cents, but the number of tokens circulating currently in the market is quite high, approximately around 39 billion, which is a good number.
4. Bitcoin Cash
This (bitcoin cash) is the brother of bitcoin, which was introduced to the world because bitcoin alone was not able to handle stress and the number of transactions quickly and swiftly. There was once a time when the only way to attract a miner or to do a fast transaction was to pay a high fee.
Market value
This made the entire thing with overcrowding easy to handle, and transactions can happen with a minimum fee. As of current, there is approximately $14.5 billion worth of bitcoin in the market, with each coin value of approximately $843.
5. EOS
Last but not least, we have EOS on our list. This is similar to Ethereum. It provided an operating system in terms of functions and libraries. EOS provides the best of bitcoin and Ethereum.
Market value
It can provide us with a decentralized system on the web which has user authentication, cloud storage, and server hosting. Currently, the total market value of EOS is approximately 7.83 billion, and the total circulation in the market of EOS coins would be around 896 million.
Conclusion
We have plenty of options in the market for cryptocurrency. Depending upon the need and requirement, we can choose whichever we want. Just be conscious that every cryptocurrency comes with its own set of risks and rules.