The Most Famous Crypto Currency in the World
Netgenz - Cryptocurrency continues to be a favorite as an investment or as a means of payment for the world community. The value of crypto even continues to soar due to investors who are trying to continue to make profits. Global crypto market capitalization soared to reach USD 1.89 trillion
Despite this, the total volume of the crypto market plunged 15 percent higher to a value of USD 107.76 billion. Also, read How surveysay to make money online.
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For those who are curious, here are the 7 most popular cryptocurrencies today:
1. Bitcoin (BTC)
The cryptocurrency that was first born and has always been the most superior to date. The value is very high and also has a very large number of enthusiasts from global investors.
However, the price movement is very volatile and sometimes and the timeframe is broad. There are some investors who invested their money in Bitcoin in the last decade and have become millionaires.
However, the volatility doesn't worry investors as those who invest in all Bitcoins will get their value back plus a premium.
Therefore, investors who buy infractions should follow and understand the charts carefully so as not to lose money and instead make profits.
The thing that makes Bitcoin more attractive than others is that it is made in a limited way with a maximum brick of up to 21 million Bitcoins.
2. Dogecoin (DOGE)
The mascot of this digital currency is a dog face that is often made jokes on social media. Dogecoin was created in 2013 as a lightweight alternative to traditional cryptocurrencies like Bitcoin.
Unlike the previous one, this currency is designed to be even rarer, i.e. 10,000 new coins will be mined every minute and there is no limit on the supply.
With the abundance owned, investors in a smaller scope pick up and buy them in sizeable volumes. Despite having a lower price than other digital coins, the volume generated can be very profitable
Currently, investors are waiting and betting whether Dogecoin will reach the value of USD 1. If that happens, it will certainly be very profitable.
3. Ethereum (ETH)
Ethereum, a digital coin that has recently been on the rise in the investing world. It works on a decentralized software platform. ETH can be built and operated without lag time so you can avoid potentially dubious transactions and get fully recognized as an investor in terms of value, transactions and transfers.
One of the great things about Ethereum is that there is no interference or control by non-specific operators. It launched in 2015 and currently has 19 percent of the market cap of Bitcoin's dominant partner.
4. Litecoin (LTC)
Litecoin emerged in 2011 and became one of the first cryptocurrencies after Bitcoin. It is referred to as a dairy alter ego alternative to gold Bitcoin.
However, seeing the euphoria that has occurred among the intergenerational of new investors, allows for opportunities to generate gold.
Litecoin works at a faster block generation rate and makes it easier for investors to get faster transaction confirmations as well.
So far, in 2021, Litecoin has capitalized IDR 146.1 trillion and offers a value of IDR 2.22 million per token. This digital currency has become the sixth-largest cryptocurrency in the world.
5. Cardano (ADA)
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The founder of ADA is Charles Hoskinson who is also one of the five founders of Ethereum of the same kind. The change in direction of Ethereum, made Hoskinson dissatisfied so he split up and founded his own digital currency.
The difference lies in the eco-friendly proof of ownership of the Ouroboros protocol. Of course, with the help of mathematicians, engineers, and cryptographers.
Until now, the market capitalization that has been formed has made Cardano worth IDR 141.8 trillion and each coin is selling for IDR 5,643.
6. Polka dots (DOT)
Polka dots (DOT)
DOT with its high interoperability⎼ability to create systems and work together in the blockchain, has made it remain in a comfortable position among cryptocurrencies of the same level and type with it.
Polkadot is embedded with a system that allows its developers to create their own blockchain so that at the same time there is uncompromising security and safety.
Therefore, the market capitalization that has occurred has brought its value to IDR 162.07 trillion and one DOT is sold for IDR 181,470 as of January 2021.
7. Bitcoin Cash (BCH)
Bitcoin Cash (BCH)
A fraction of Bitcoin itself, BCH has the advantage of being automatically linked to Bitcoin. So, it can be said that BCH depends on the market activity that occurs in Bitcoin. However, investors who invest here will do well compared to investing in Bitcoin which tends to be volatile.