TOP 7 CRYPTOCURRENCIES THAT IS GOING TO BOOM IN NEXT 90 DAYS (2021).
We evaluated 7 of the most common and top cryptocurrencies based on their current use and future potential. These cryptocurrencies have just dropped with the rest of the market. We will start seeing some huge moves from these coins in the next 90 days.
I’m going to give you something new and valuable stuff that you are going to learn here. Let us get into the topic.
But before getting into the topic, I would like to explain,
WHAT IS CRYPTOCURRENCY?
As you all know that every country has its own currency system. For example, we can say India’s currency is rupees and US currency is a dollar. Like countries, the internet is similar to the world and it also has its own currency. This is known as cryptocurrency. We are taking you into the amazing series of information that will give you more information about cryptocurrency.
Cryptocurrency is a digital asset. The meaning of crypto is ‘Hidden’. In fact, it is invisible in real-time use. To use cryptocurrencies. You don’t need an ATM, debit, or credit card.
TOP 7 CRYPTOCURRENCIES
1.BITCOIN (BTC)
Bitcoin is the first decentralized digital currency. As the name suggests bitcoin is an electronic currency but unlike government-issued currencies, there is no single entity that issues BTC or Is in charge of processing its transactions. Before bitcoin, it was not possible to make electronic payments without the help of a third party like a bank. Transactions were slow, expensive, and not available to everyone.
To solve those problems bitcoin works without the help of a third party. It works as peer-to-peer electronic currency, that is the payments are sent directly from one person to another. Eventually, the bitcoin network needed to be updated to keep transactions fast, cheap, and reliable. Due to the scalability issue bitcoin was divided into another fork called “bitcoin cash”.
The current value of BTC in USD: $31,787.60
The current value of BTC in Indian rupees: 23,22,404.58
2.BITCOIN CASH(BCH)
Since the fork of the bitcoin network in August 2017, it has become a thorn in the side of bitcoin. It has attracted a lot of publicity in some major names. The transactions, cost, are very low. Bitcoin cash is part of bitcoin. Iy was created as a result of a hard fork (splitting of existing version in creating a brand new coin) in the blockchain.
In 2017, developers were concerned about bitcoin’s long-term feasibility where the transactions were low and the transaction fee was high. so to create a faster and scalable coin, developers planned and decided to make a change in the bitcoin protocol. This produces large scalability, processing time, and low transaction fees. BCH is faster than its ancestor BTC.
Current value of BCH $597(₹43,600)
3.RIPPLE(XRP)
Ripple’s philosophy and aims are distinct from those of the other cryptocurrencies which, makes it special. Ripple is a venture-backed startup that provides financial settlement services to banks allowing them to conduct transactions across national boundaries directly and instantly. It was created by Ripple Labs in 2012 and XRP currently holds the place on top 10 cryptocurrencies by the capitalization market. Its main goal is to make sending money as easy as sending an email.
XRP has benefits such as real-time settlements, 1500 transactions per second, and virtually zero fees. XRP is the token used for representing a value on the ripple network to facilitate the transferring of money between different countries.
The current value of XRP in USD: $0.8236
The current value of XRP in Indian rupees: 63.97
4.LITECOIN(LTC)
Litecoin is one of the non-bitcoin cryptos that has managed to stand up to the competition. Litecoin was created by Charlie Lee, a former. He was a former Google employee in 2011. Lite coin was designed to be a peer-to-peer cryptocurrency integrated into open-source software and draws in several foundational similarities to bitcoin. Litecoin is different from bitcoin so that the hashing algorithm’s protocol is used.
Litecoin can produce an increased number of coins and its transaction speed is faster and more efficient, but these factors are largely psychological boons for the investors and don’t impact the value or usability of the currency so bitcoin still rules. Litecoin is created based on a cryptographic hash function, which in turn generates blocks.
The current value of LTC in USD: $4154.09
The current value of LTC in Indian rupees: 11,235.01
5.ETHEREUM (ETH)
ETHEREUM is a decentralized, actively used open-source blockchain. ETH was developed by a programmer named Vitalik Buterin in 2013. In 2016, a third-party project called the DAO, a hacker exploited a flaw and stole about 50 dollars of ETH.
This issue resulted in the hard fork(splitting from the existing version) by the Ethereum community, ETC (Ethereum Classic) was formed and continued as the original version. Ether is a cryptocurrency that is generated by the protocol. The network users can create, publish and use ether cryptocurrency as payment.
Current value of ETH in USD: $2,536.12
Current value of ETH in Indian rupees: 1,85,004.88
6.DOGE COIN
Doge coin was initially started as a meme, it was as a tweet by Jackson Palmer while he was working at Adobe in 2013, sort of literally making fun of how many alt coin exists. The meme that catches on so much popularity that became more than a meme like, it outgrew itself and became a real cryptocurrency. It is an alternate crypto. It is considered more of a meme serious cryptocurrency.
It was created as a viral inflationary coin, in which there is no finite number of dodge coins to be mined, instead the number is unlimited in which the creators believe that they have created a more versatile newcomer friendly community. The price can never be driven by scarcity since there is no supply cap. Though it faces scandles and scams, still dodge coin ranks in top 50 cryptocurrencies.
The current value of doge in USD: $0.33
The current value of doge in Indian rupees: 23.56.
7.TETHER(USDT)
It is the most popular stable coin in the world as it serves many business uses. Stable coin are attempt to create a cryptocurrency that isn’t volatile. A stable coin’s value is pegged to a real world currency known as fiat currency. Stable coin (tether or USDT) is the world’s first US dollar and is expected to maintain this peg no matter what. The main reason why the investors and traders use tether is liquidity or the ability to get in. Tether is the most liquid cryptocurrency, even more liquid than bitcoin.
The current value of USDT in USD: $1.00
The current value of USDT in Indian rupees: 73.07.
MORE ABOUT CRYPTO WALLET
As more people use cryptocurrencies, it is more important to have a simple and robust way to access them whether you are interested in investing, making payments. In order to do these activities you must have a crypto wallet.
what is a crypto wallet?
A cryptocurrency wallet is a software program that stores private and public keys and interacts with various blockchain to enable users to send and receive digital currency and monitor their balance send money and conduct other operations.
HERE ARE TWO WALLETS THAT ARE POPULAR IN USE
1.TRUST WALLET
Trust wallet gives you a simple mobile application for managing your tokens and coins, and allows you to be in full control of your private keys at the same time. With trust, you can store the vast majority of tokens on the market with more projects and blockchains adopted all the time. It is the one backup for all your assets. and it works with decentralized exchanges.
2.COIN BASE
Coinbase is one of the easiest ways to get into cryptocurrency market. It is the most accessible cryptocurrency exchange. It is the largest U.S based cryptocurrency exchange, which trades more than 50 cryptocurrencies. Coinbase has high security fearures and highly volatile. It includes crypto-to-crypto transactions and other advanced trading functions.
THANK YOU FOR READING!!!!!
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