- 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
Major cryptocurrencies traded lower on Friday as the US regulator delayed the approval of Bitcoin ETFs. This has dented the sentiments of crypto investors. However, digital tokens, pegged with dollars, showed signs of resilience. Majority of the top 10 digital tokens were trading with cuts at 9.30 hours IST.
After a flurry of price swings owing to China’s ban, cryptocurrency is back in the game. The most famous cryptocurrency, Bitcoin, has recovered from the consequences of market instability caused by the prohibition and Elon Musk’s remarks. Despite falling to $36,581, Bitcoin reached almost $40,000 on May 26th. Other popular cryptocurrency values were also impacted, although they are progressively improving.
The worldwide cryptocurrency market was valued at $1.71 trillion. Furthermore, in the previous several days, the market volume increased by 14%. The top cryptocurrency live charts are continuously changing.
Let’s take a look at the most acceptable cryptocurrency to invest in right now.
Bitcoin (BTC) is the first cryptocurrency based on a distributed ledger (blockchain) and a proof-of-work system that a central bank or government does not back. Bitcoin has the highest crypto market capitalization. Bitcoin is now trading at US$37,470.16, with a 24-hour trading volume of US$40,144,477,882. Bitcoin is now down 0.70 percent.
The Ethereum platform is powered by Ether (ETH), a cryptocurrency.
Ethereum is a decentralized software platform created by Vitalik Buterin that allows Smart Contracts and Distributed Applications (Apps) to be hosted and executed without the need for a third party. Ethereum’s current price is US$2,669.31, with a 24-hour trading volume of US$29,167,543,013. Right now, Ethereum is down 0.93 percent.
Tether (USDT) is a USD-fixed cryptocurrency, often known as a stable coin. The reserve account of the Tether platform backs USDT 100 percent with real assets. As a result, each unit of USDT is equal to one US dollar in value. Tether’s current price is $1.00, with a 24 hour trading volume of $89,933,354,479 dollars. Tether is now down 0.05 percent.
Binance Coin (BNB) is a cryptocurrency that is used to pay Binance cryptocurrency exchange fees. Users receive a discount when they pay fees with Binance Coin on the exchange. Binance is a cryptocurrency exchange noted for its lightning-fast transaction processing and ability to execute 1.4 million transactions per second. Binance Coin is now trading at US$355.35, with a 24-hour trading volume of US$3,437,816,042. Binance Coin is now up 0.73 percent.
Cardano (ADA) is an open-source, decentralized public blockchain and cryptocurrency initiative. Cardano is developing a smart contract platform that, through its innovative ideas, aims to enable sophisticated programmable transfers of considerable value in a safe and scalable manner. Cardano is now trading at US$1.63, with a 24-hour trading volume of US$3,734,940,271. Cardano is now down 2.30 percent. It is the most cost-effective cryptocurrency to purchase.
Dogecoin (DOGE) is a cryptocurrency split from Litecoin in December 2013 and has a Shiba Inu on its logo in honor of the well-known “Doge” internet meme. It is thought to be the most acceptable cryptocurrency to invest in 2021. On Reddit and Twitter, Dogecoin has been chiefly used as a tipping system to reward the creation or sharing of valuable content. Dogecoin’s current price is US$0.332642, with a 24-hour trading volume of US$2,460,342,348. Dogecoin is now down 0.15 percent.
Ripple (XRP) uses RippleNet, a free real-time gross payback infrastructure, to connect traditional financial institutions, payment providers, sophisticated digital asset exchanges, and companies to provide a single, seamless experience for sending money throughout the world. It has built on the most advanced blockchain technology, which is scalable, secure, and compatible with various networks. It is steadily gaining traction as the most popular cryptocurrency. The current XRP price is $0.941860, with a 24-hour trading volume of $4,646,344,938 dollars. XRP is now down 1.59 percent.
Polkadot is a protocol that allows blockchain networks to communicate with one another. The Web3 Foundation developed Polkadot as an open-source project. The Polkadot coin fulfills three distinct functions: network governance, bonding, and staking. Trading at US$24.27, with a 24-hour trading volume of $2,975,074,152. It is now up 8.52 percent. It is without a doubt the most acceptable cryptocurrency to invest in 2021.
USDC a fully collateralized US dollar stable currency powered by Ethereum and jointly developed by Circle and Coinbase, and it is exchanged on exchanges for one dollar. USDC is a currency that bridges the gap between dollars and cryptocurrency trading. The current price of the USD Coin is $1.00, with a 24-hour trading volume of $1,810,353,594. Currently, the USD Coin is down 0.01 percent.