- BTC/USD 11046.07
- ETH/USD 543.0005
- BCH/USD 1648.1377
- BTG/USD 678.0000
- DASH/USD 1331.8100
- XRP/USD 5.1956
- ZEC/USD 6.1956
There are dozens of different cryptocurrencies, ranging from Bitcoin and Ethereum to Dogecoin and Tether, making it difficult to get started in the world of crypto.
Market capitalization: $641 billion
Bitcoin (BTC) is the first cryptocurrency created in 2009 under the pseudonym Satoshi Nakamoto. BTC, like most cryptocurrencies, is based on a blockchain, which is a distributed ledger that logs transactions over a network of thousands of computers. Bitcoin is maintained secure and safe from fraudsters because it must validate changes to the distributed ledgers by solving a cryptographic problem, a process known as proof of work.
Bitcoin’s value has soared as it has grown in popularity. Five years ago, I could purchase a Bitcoin for around $500. A single Bitcoin was worth, moreover $32,000 in June 2021. It equates to a 6,300 percent increase.
Market capitalization: Over $307 billion
Ethereum is a favorite of programmers because of its potential uses, such as smart contracts that run when conditions are fulfilled and non-fungible tokens. Ethereum is both a cryptocurrency & a blockchain platform (NFTs).
Ethereum has also exploded in popularity.
Its value increased by more than 22,000% in just five years, from around $11 to over $2,500.
Market capitalization: Over $62 billion
Tether is a stable coin, which means it is backed by fiat currencies such as the US dollar and the Euro and has a theoretically equivalent value to one of those denominations.
Tether’s value is meant to be more constant than other cryptocurrencies, which is why it’s appreciated by investors who are afraid of other coins’ high volatility.
Market capitalization: Over $56 billion
Binance Coin is a cryptocurrency that may use to trade and pay fees on Binance, one of the world’s largest cryptocurrency exchanges.
Binance Coin has grown beyond just conducting deals on Binance’s exchange platform since its debut in 2017.
It may now use it for trade, payment processing, and even making trip reservations. It may also be swapped or traded for other cryptocurrencies like Ethereum or Bitcoin.
It was just $0.10 in 2017, but by June 2021, it had increased to almost $350, a gain of about 350,000 percent.
Market capitalization: Over $51 billion
It functions similarly to Ethereum in that it uses ADA, its native token, to allow intelligent contracts & decentralized apps. By eliminating the competitive, problem-solving component of transaction verification seen in systems like Bitcoin, this technique reduces transaction time, energy consumption, and environmental effect.
Compared to other prominent cryptocurrencies, Cardano’s ADA token has grown slowly.
The price of ADA in 2017 was $0.02.
Its current price is $1.50 as of June 2021.
It represents a 7,400% increase.
Market capitalization: Over $44 billion
Celebrities and billionaires like Elon Musk have made Dogecoin a popular subject.
Dogecoin was famously founded as a joke in 2013, but it quickly became a popular cryptocurrency alternative due to a committed community and clever memes.
Unlike many other cryptos, such as Bitcoin, there is no limit on how many Dogecoins may be generated, making the currency vulnerable to depreciation as supply grows.
In 2017, the price of Dogecoin was $0.0002.
Its price has risen to $0.32 by June 2021, a 159,900 percent increase.
Market capitalization: Over $40 billion
XRP, a digital technology & payment processing firm founded by some of the same people as Ripple, may be used on that network to exchange many currency kinds, including fiat currencies and other major cryptocurrencies. The price of XRP was $0.006 at the start of 2017. Its price hit $0.92 in June 2021, an increase of 15,233 percent.
Market capitalization: Over $23 billion
USD Coin (USDC), like Tether, is a stable coin, which means it is backed by US dollars & aims for a 1 USD to 1 USDC ratio.
USDC is based on Ethereum and can use to make international transactions.
Market capitalization: Over $21 billion
Polkadot (and its namesake coin) attempts to combine them by establishing a cryptocurrency network that connects the multiple blockchains to function together.
Since Polkadot’s introduction in 2020, this integration has sparked tremendous growth and may revolutionize how cryptocurrencies are maintained. Its price increased 615 percent from $2.93 to $20.95 between September 2020 and June 2021.
Market capitalization: Over $13 billion
Uniswap is an Ethereum-based token that runs Uniswap, a decentralized cryptocurrency exchange that trades using an automated liquidity mechanism. There is no central facilitator, such as a bank or a broker-dealer, in place. Instead, smart contracts and pooled user resources power it.
The code for Uniswap’s platform is open source, so anybody may use it to build their exchanges. The price of Uniswap began at $0.48 when it was launched in 2020. Its price has risen 5,025 percent to $24.60 by June 2021.