The Binance Coin story: Binance Coin was launched in 2017 by the Binance cryptocurrency exchange, the world’s largest crytpo exchange by volume. How to buy Ethereum: You can buy ETH on the major crypto exchanges, Robinhood, and PayPal. In fact, it recently passed $4,000 for the first time in early May and reached an all-time high of more than $4,350 recently, but has fallen sharply recently and currently stands at around $2,370. Among other things, Ethereum 2.0 will reportedly by 99.95% more environmentally friendly than the current model.Įthereum performance history: In the past year, Ethereum’s price has shot up from around $200 to well over $3,000. It's also worth noting that a new version of Ethereum is coming soon. This opens up many possible use cases, from technology and finance to gaming and collectibles, making Ethereum an attractive investment. The blockchain it runs on is programmable, meaning it can run programs, or apps, in a decentralized way, i.e., on millions of computers at once. While Bitcoin was created for one use case - as a currency - Ethereum was founded by Vitalik Buterin in 2015 with bigger and broader ambitions. ![]() In Ethereum’s case, its currency is called Ether, and it can be used in applications run on the Ethereum platform.Įthereum is the leader in what’s known as these “smart contract” platforms. Some, like Ethereum, are instead unique technologies that also have a coin component. It’s important to note that many so-called cryptocurrencies aren’t straight-up currencies like Bitcoin. The Ethereum story: If there is another contender for the top cryptocurrency title, it's Ethereum. (Image credit: Filippo Ronca Cavalcanti/Shutterstock) Don’t be put off by the high price of a coin: you can invest as little as $25 in Bitcoin on Coinbase. How to buy Bitcoin: Bitcoin can be purchased on crypto exchanges such as Coinbase, Binance, and Kraken at Bitcoin ATMs on PayPal and on Robinhood. It's been up and down since then and is currently worth around $35,000. In late 2020 it began skyrocketing again, this time from around $10,000 to a high of more than $60,000, before dropping sharply in May, mostly due to various Elon Musk tweets. In 2017 it took off from under $1,000 to over $20,000, but within a year was down around $4,000. It’s also like gold in that it has a limited supply, which is one of the things that makes Bitcoin so attractive to investors: a total of 21 million Bitcoins will ever be released, which makes Bitcoin inflation-proof.īitcoin performance history: Like all cryptos, Bitcoin started out worth virtually nothing. Think of Bitcoin instead like the gold of the future: not really useful for daily transactions, but you want to have some for its stored value. It was supposed to be the cash of the future, and although you can use it today to purchase many goods and services, you wouldn’t use it to buy a cup of coffee because the cost of the transaction would be too high. It has, by far, the largest market cap, the highest coin value, and the largest network of users.īitcoin was created by an unknown person or group who goes by the name of Satoshi Nakamoto. ![]() The Bitcoin story: Bitcoin has been around since 2008 and is the blue chip cryptocurrency. Here are all the top cryptocurrencies (by market cap as of July 7). And with new cryptocurrencies such as SafeMoon and Chia springing up seemingly every day, we'll be updating this top cryptocurrency list regularly. That said, many of the other crypto projects listed below are super interesting and certainly worth looking further into. So we're sticking with market cap for this guide to the top cryptocurrency performers right now. You can also look at the price of an individual cryptocurrency share, or coin, which is useful for knowing how well (or otherwise) a crypto is performing, but it doesn't always tell the full story. And in that regard, it's hard to see beyond Bitcoin and Ethereum, which have sizable leads over their respective competition. So, which is the top cryptocurrency right now? One approach is to look at market capitalization - essentially the total dollar value of a company's shares of stock. A new report from CNBC explains why cryptocurrencies tend to crash on weekends. ![]() Sotheby's announced it is accepting either Bitcoin or Ether in the auction of a rare diamond.Bitcoin is now 28% less difficult to mine, as a result of China's crypto crackdown reducing the number of miners.Latest cryptocurrency news (updated July 7) In our guide to the top cryptocurrency performers, we outline the stories behind some of the key cryptos to be aware of, plus their current value, latest news and more.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |