Interested in Crypto trading? Here's a list of Best Digital Currencies in the Market Currently

By



The market trends can be observed and analyzed in order to conclude that the number of people inclined towards the crypto market are increasing exponentially with the passage of time, as its popularity and acceptance skyrockets. Although bitcoin was welcomed with rather confusion, mistrust and hesitation back in 2009, almost over a decade ago, as the concept was relatively new and more complex for the ordinary people and investors. However, it would be fair to say that it did, albeit, turned a few heads and caught the attention of a few tech and financial companies or industries. For the next few years after its inception, not a lot of people showed interest in the crypt, other than just a few, the real risk-takers who did purchase large quantities of bitcoin at the cheapest prices. However, when the price per coin of this crypto surged up to $20,000 a coin during 2017, that’s when it caused a ripple of interest throughout the world and caused everyone to be wanting to purchase bitcoin, as much as possible.

It should be known that there are hundreds of digital currencies available in the market currently, with newer ones entering almost every day. There are features specific to these virtual currencies which make them distinctive and different from one another. It should be known that the prices of the digital currencies mentioned below are as of 13th April 2021.

in order to learn about automated crypto trading bots, which operate efficiently, reducing the losses and maximizing the profits for their users through advanced AI and algorithms.

We have researched the market and gathered a list of top five crypto options for our readers to invest their money. Following is the list of these crypto which are currently the best performing ones, which can ensure great returns for their investors. So, without any delays, let’s take a look at these options:

1. Bitcoin

bitcoinmastery is the leader of all digital currencies, also known as the gold of cryptocurrency by the experts and traders in the market. In terms of time, it is the first crypto to be created and introduced to the market, back in 2009 and is also the most popular one. At the time of writing, the crypto is seen trading at $63,485.50, which is currently the most priced virtual currency of all. It is noteworthy that the market experts and analysts believe that this currency will climb up to an all-time high value of $100,000 by the end of this year.

Similar to other digital currencies, BTC can be utilized to purchase goods and services and also trade on the exchange. Bitcoin has the highest market cap as well currently.

2. Ethereum

This digital currency uses Ether (ETH) in order to pay for fees experienced while a transaction is made. The market experts and analysts call it by the name of ‘oil of the cryptocurrency world’. It should be known that a few of the altcoins are currently running on the Ethereum network. At the time of writing, this digital currency was seen trading at $2308.77, and it is projected to climb up to a value of as high as $3968 by the end of year.

3. TRON

TRON utilizes smart contracts in order to facilitate the development of decentralized apps, also known as ‘dApps’. The key features of this currency include a very high transaction speed whilst incurring no transaction charges for the holder. With TRON, the user is not required to use any web hosting service in order to run a website. The user has the liberty and ease of use of running it on their own. The current trading price of TRX, as this article is being written, is $0.152, and this value is projected to rise to $0.50 by the end of this year.

4. ChainLink

This virtual currency is also on the rise as it is seen climbing up the chart of the digital currencies quite quickly. This virtual currency acts as a connection to the offline sources and smart contracts on the online block chain by means of oracles to communicate information. This digital currency targets to resolve the connectivity from within the network of the nods whilst applying the smart contracts. At the time of writing this article, the crypto was seen trading at $31.67, and it is forecasted to climb up to $50 towards the end of this year.

5. Bitcoin Cash

Branching off is the simple meaning of a hard fork, in layman’s language. The hard fork of Bitcoin is Bitcoin. At the time of writing this article, this digital currency trades at $739.95. It is noteworthy, that the experts and analysts in the market have forecasted its value to surge up to the level of $6700 by the end of the current year. Although this crypto has several features which make it distinctive against the others. However, its key features include its transaction speed which is faster than many crypto, and the fact that Bitcoin Cash can manage a lot more transactions at a given time than the pioneer crypto Bitcoin. This makes it really efficient in terms of the return on investment and timeliness of transactions.



SHARE THIS ARTICLE
Related Articles

Technology has fueled the growth of the e-Sports industry

By: Special Guest    7/28/2021

Participation in e-sporting betting activities has been on the rise, and technology is the main driver of growth in this industry.

Read More

Widely Used Wireless Technologies for IoT Applications

By: Special Guest    7/28/2021

The Internet of Things is a common term in the tech world; however, it is rarely heard among the general population. Although we are all impacted and …

Read More

Why Should One Work On Increasing The Followers On Social Media?

By: Special Guest    7/28/2021

The world today relies on digital ways of life. People are more into social media. A few years ago, social media was just a place to connect and keep …

Read More

Robotic Arm- What They Are, the Different Types Available and Their Pros and Cons

By: Special Guest    7/28/2021

Robotic arms, also called industrial robots, are also referred to as mechanical arms. These are devices whose functionality is the same as that of hum…

Read More

How The Pandemic Has Impacted The Software Development Industry

By: Special Guest    7/27/2021

There are several ways the pandemic has impacted the software development industry. Since the COVID-19 outbreak, many software development enterprises…

Read More