Top 10 popular cryptocurrencies of 2021
Most Popular Top -10 Cryptocurrencies of 2021
The more we read about cryptocurrencies, the more we feel convinced that these currencies are here to stay in the longer run. People have been muddled by continuously hearing the pros and cons of cryptocurrency, but the picture is getting somewhat clearer now.
Now that the concept is becoming clearer by the day, people are getting interested in working with this new currency, especially the millennial. Many advanced economies of the world have already adopted this concept and are looking forwards to ways to assimilate it into their economical cycle.
Why are we talking about the most popular cryptocurrencies?
Now that more and more people are getting interested in this field, it is important that they invest their hard-earned money in a currency that yields them maximum benefits. With a new cryptocurrency emerging out every other day, it becomes quite difficult for investors to decide, as to where should they put their money.
ICO’s are a big inconvenience and some coins just vanish with the exact same speed of light they appeared with. There is a nervousness of losing money as the risk is high but one should never forget that the reward is even higher. And there is no market without risk. Your money could get 100 times multiplied overnight.
So, the risk-reward system exists in the market of cryptocurrency as it prevails in every other market. Even though there are huge price fluctuations; more and more people are getting interested in trading with cryptocurrencies. But the dilemma of an investor, as to where to invest, still stays there. And that’s why we have addressed this topic.
We have compiled a list of the Top 10 most popular cryptocurrencies of the first quarter of 2021.
Let’s discuss the top-10 most popular cryptocurrencies of Quarter-1 of 2021.
The cryptocurrencies that we have discussed below have been around for a while now and have proved to be profitable for those investors and traders, who decided to invest in them. Before actually starting trading in the cryptocurrencies you would need crypto wallets and we recommend using the cold wallets as they are ultra-safe, such as the one’s provided by the United Exchange.
Here is the list of the top-10 most popular cryptocurrencies of quarter-1 of 2021, hand-picked by the United Exchange.
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Ripple (XRP)
- Stellar (XLM)
- Cardano (ADA)
- Nem (XEM)
- Uniswap (UNI)
- Monero (XMR)
- IOTA (IOTA)
Bitcoin (BTC) — Bitcoin is a giant that is ruling today’s cryptocurrency market. It is the currency in which most investors want to invest. It has dominated the market cap and is on the fleek among the new as well as old investors. BTC has the maximum number of data stored on its blockchain. It was the first cryptocurrency that recorded transactions on a fully secure and decentralized blockchain network.
BTC is a very volatile coin with a launch limit of a total of 21 million coins in the market. The investors, who invest with a long time holding point of view, do stand a chance of earning extra-ordinary gains.
It has established itself so well that now it has been used as a base currency to buy and trade in other cryptocurrencies as well. It means you need BTC to buy many other cryptocurrencies.
The Bitcoin software is free of cost and it is available online to anyone who wants to run a Bitcoin node and store their own copy of the Bitcoin blockchain. A new BTC is mined every 10 minutes by a miner who helps to maintain the network by adding new transaction data to the BTC blockchain.
At the time of writing, the value of one BTC stands at- 40,93,249.12 /INR or 56,201.50 USD.
Ethereum (ETH) — After it’s launch, Ethereum (Ether) was looked upon as a cryptocurrency that would snatch Bitcoin’s throne. Well, it did not work out that way, because, Ethereum was created as a platform or a complementary currency to Bitcoin, rather than as its competition.
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