When it comes to the cryptocurrency world, it hosted new record-breaking token prices and unprecedented industry news in the recent past. With wider adoption and greater institutional interest, cryptocurrencies are riding on the fast lane to greater growth in the near future. Apple, Google, Tesla, Samsung, Facebook, PayPal, and Deutsche Bank are only a few of the well-known companies that have recently included cryptocurrencies in their long-term strategic plans. Since Bitcoin’s price has soared, there has been a sudden excitement in the crypto-industry, and people seem to be more interested in seeing which tokens can earn a spot this year.
Here is a list of few cryptocurrencies which have experienced significant growth in the past and tend to continue to be in the mainstream in the coming days.
Developed in 2008, Bitcoin today is one of top cryptocurrencies. It is a decentralized digital currency that can be sent from one user to another on the peer-to-peer bitcoin network without the use of intermediaries. Network nodes use cryptography to verify transactions, which are then registered in a public distributed ledger known by the name blockchain.
Ethereum is the second-largest cryptocurrency in the world. It supports Ether that is widely known for facilitating smart contracts. Similar to Bitcoin, Ethereum also fluctuates constantly based on various factors happening around the globe. However, the volume has grown by 8.51%.
Cardano aims at creating a secure and transparent society by redistributing power from unaccountable structures to the margins of individuals. It is also considered as a proof-of-stake blockchain platform.
Previously known as Realcoin, Tether was launched in 2014 and is one of the first cryptocurrencies to be pegged to the US dollar. It is a blockchain-based cryptocurrency whose crypto coins are backed by an equal sum of conventional fiat currencies kept in a specified bank account. The Tether is a stablecoin, a form of cryptocurrency that aims to hold cryptocurrency prices stable.
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