Look For the Most Trustworthy Crypto Currency to Invest
There are dozens of cryptocurrency to invest in circulation today, making it difficult for first-time consumers to decide which ones to trust. Add in the fact that some undiscovered cryptocurrencies can cause FOMO by skyrocketing in value by over 100% at times.
To stay afloat on the cryptocurrency to invest in, it’s best to stick to a few tried-and-true options before branching out to other, lesser-known options. To help you get started on your crypto journey, we’ve produced a list of the top cryptocurrencies by market value as of August 2021.
Bitcoin is the granddaddy of them all, having been developed in 2009 by someone or some organization going by the name Satoshi Nakamoto. Bitcoin, like most cryptocurrencies, is based on a blockchain, which is a decentralized network of thousands of computers that validates transactions in real-time without the need for an intermediary.
Bitcoin is secure and resistant to hacking attempts thanks to extra principles such as proof of work. Its market valuation was over $856 billion at the end of August, with the price of a single Bitcoin growing from around $500 five years ago to over $45,000 today, representing an incredible 8900 percent return.
Ethereum is a blockchain network with the native token Ether (ETH) and is also referred to as a cryptocurrency to invest in. If you’ve heard of NFTs being sold digitally, you’ve probably heard of the Ethereum blockchain being used. It is one of the most reliable platforms, continually striving to improve and stay ahead of the curve; its most recent endeavour intends to significantly reduce reliance on fossil fuels.
It has also provided astounding profits as a cryptocurrency, rising from $11 to over $3000 in just five years, representing a staggering 27,000 percent return. It currently has a market capitalization of approximately $357 billion, making it the world’s second-largest cryptocurrency.
Binance Coin is the third-most-popular cryptocurrency today, with a market capitalization of over $70 billion. It can be used for trading, processing payments, and even arranging travel reservations, and it can be traded or exchanged for other cryptocurrencies like Ethereum or Bitcoin.
Cardano is one of the newer cryptocurrencies, but it has already made an impression and is one of the most talked-about. It is well-known for using a novel proof-of-stake technique to validate transactions, which consumes less energy than larger cryptocurrencies. It had a market capitalization of $69 billion at the end of August 2021.
Tether, which has a market capitalization of $64 billion, is a stable coin that is backed by fiat currencies like US dollars, making it more constant and predictable than other volatile cryptocurrencies.
XRP was developed by the same team that established Ripple, a digital technology business that serves as a network for the exchange of various currencies, including fiat currencies and other major cryptocurrencies. At the end of August 2021, the market capitalization of XRP was $52 billion.
What began as a joke has grown into a cryptocurrency valued at more than $40 billion. Here’s an interesting fact: Dogecoin’s value was $0.0002 in 2017 and is now $0.31, signifying a rise of 154900 percent in just five years!
Polkadot was founded in 2020, and its value has increased by 774 percent in just a year, from $2.93 to $25.61! Polkadot’s USP is that it is attempting to build a cryptocurrency network that connects the many blockchains and allows them to communicate with one another. Its market capitalization is currently around $25 billion.
US Dollar Coin
USD Coin is a stable coin with a market capitalization of $23 billion and rising. It is Ethereum-based and may be used to carry out worldwide transactions.
Last but not least, Solana, a cryptocurrency with a market capitalization of over $20 billion, has lately gained attention for its innovative hybrid proof-of-stake and proof-of-history features, which allow it to process transactions swiftly and safely. Solana was likewise introduced in 2020 for $0.77, and it has since climbed by 9405 percent to trade at $73.19.
With so many alternatives, deciding which cryptocurrency appeals to you the most and beginning to invest tiny amounts of money in it should be easier. As previously said, you may register a ZebPay account and begin investing as soon as the KYC processes are completed, and you can even earn bitcoin by holding your preferred cryptocurrency with ZebPay Earn. Start your cryptocurrency journey right now!
ekrona is a cryptocurrency based on the Swedish krona that’s widely used in Sweden. The objective of using ekrona cryptocurrency is to evolve and become the official digital currency of the European Union. The ekrona is growing as the world’s most traded cryptocurrency. Trading is easy and is the only trading system specialized for ekrona cryptocurrency volatility trading and have launched the ekrona trading system to help you capitalize on the rise. ekrona price is very affordable for every individual. In the context of ekrona and cryptocurrency as a whole, everything seems to be legit but note that legitimacy does not promise profits, and there is always a risk involved.