The Investment Center Broker Reports Which Cryptocurrency Is The Most Popular Right Now?
London, England, 2 June 2021, ZEXPRWIRE, A cryptocurrency is a form of digital money not controlled by a central authority such as the government. Rather, it is built on blockchain technology, with Bitcoin as one of the most frequently utilized forms. As the use of digital money grows on Wall Street, more possibilities become accessible. There are already over 5,000 cryptocurrencies available on the market.
The Investment Center broker, David Green, says that every day, cryptocurrency hits the news, and it was recently in the spotlight due to a significant market decrease following a ban on bitcoin use in some countries. All cryptos flashed red as the news broke but have since steadily recovered.
The bitcoin market was facing a correction after a significant decline last week. Bitcoin and many other popular cryptocurrencies have plunged by more than 30% due to the announcement that cryptocurrencies will be banned, presenting an opportunity for new investors.
Which cryptocurrency is the most popular right now? One method is to look at a company’s market capitalization, which is the entire monetary worth of its stock. In this aspect, it is not easy to go past Bitcoin and Ethereum, which offer significant advantages over their respective competitors.
You may also look at the price of a single cryptocurrency share, or coin, which may help determine how well (or poorly) a cryptocurrency is performing, but it doesn’t necessarily tell the whole picture. However, many of the other crypto projects listed below are really intriguing and well worth investigating further. We’ll keep this top cryptocurrency list up to date as new cryptocurrencies emerge daily, such as SafeMoon and Chia.
- BITCOIN (BTC)
Market capitalization: $732 billion
Since its debut in 2017, Bitcoin’s price has risen from around $1,000 to over $60,000. Last week, the value of Bitcoin dropped due to a tweet by Elon Musk stating that Tesla will no longer take Bitcoin. But that’s no excuse to overlook the stock’s massive market capitalization. Today’s Bitcoin price is $39,328.
- ETHEREUM (ETH)
Market capitalization: $304 billion
In the years 2020 and 2021, the price of Etherum rose from $200 to almost $3,000. It smashed its record in May, reaching a high of $4,350 before dropping this week. The current price of Etherum is $2,647.
- BINANCE COIN (BNB)
Market capitalization: $59.2 billion
Binance Coin, created by the cryptocurrency exchange Binance, was released in 2017 and has gradually risen above $60 per coin. The value increased to almost $600 in February 2021. Binance Coin’s price is at $364, having suffered the same fate as every other crypto in the market during the fall.
- TETHER (USDT)
Market capitalization: $58.4 billion
Tether is the market leader in terms of “stable coins.” The value of stable coins is determined by the currency they are tied to, which is the US dollar in the case of Tether. As a result, the value of a Tether will always remain $1, with no changes.
- CARDANO (ADA)
Market capitalization: $52.3 billion
Cardano is currently one of the most cost-effective and promising cryptocurrencies. Cardano’s price rose to about $2 in early 2021 after starting at $0.10. It survived longer than many other currencies in the face of market swings, although it eventually fell by roughly 20%. Cardano is now trading at $1.63.
- DOGECOIN (DOGE)
Market capitalization: $46.7 billion
In April 2021, meme-cryptocurrency hit an all-time high of $0.70. It fell somewhat after Elon Musk’s performance on Saturday Night Live but quickly rebounded to follow its rivals in climbing prices. The current price of Dogecoin is $0.38.
- RIPPLE (XRP)
Market capitalization: $41.3 billion
Ripple was a no-show for the majority of 2017 and 2018, only rising to $0.60 in 2020. Ripple’s current price is $1.17, following the market’s fall.
- POLKADOT (DOT)
Market capitalization: $26.6 billion
Polkadot, which was launched in 2020 and was trading for a nickel until recently, is a relatively young cryptocurrency. The market meltdown, on the other hand, did not help the price. Polkadot is currently $27.
- INTERNET COMPUTER (ICP)
Market capitalization: $15.6 billion
It’s acceptable if you haven’t heard of ICP, considering it was first introduced to the market in May 2021. However, since its introduction, it has risen to the top ten most extensive market capitalization list. Within a day, the value had been increased from $0 to $488. Today’s pricing for an Internet Computer is $125.
- BITCOIN CASH (BCH)
Market capitalization: $14.5 billion
Bitcoin Cash is not the same as Bitcoin. However, when compared to Bitcoin, Bitcoin Cash has a lofty target to achieve value. It peaked at around $4,000 in 2018 before settling at about $400 in the following years. The value recently rose to $1,500 but has since progressively declined to $770 today.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
Source: Bitteks
