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Best Returns On Cryptocurrency

3 years ago

ID: #776760

Listed In : Investments

Business Description

These are the top 10 cryptocurrencies by market capitalization, or the total worth of all coins currently in circulation, to help you gain your bearings.
1. Bitcoin(BTC)
Market capitalization: $641 billion
Bitcoin (BTC) is the first cryptocurrency created in 2009 under the pseudonym Satoshi Nakamoto. BTC, like most cryptocurrencies, is based on a blockchain, which is a distributed ledger that logs transactions over a network of thousands of computers. Bitcoin is maintained secure and safe from fraudsters because it must validate changes to the distributed ledgers by solving a cryptographic problem, a process known as proof of work.
Bitcoin’s value has soared as it has grown in popularity. Five years ago, I could purchase a Bitcoin for around $500. A single Bitcoin was worth, moreover $32,000 in June 2021. It equates to a 6,300 percent increase.

2. Ethereum(ETH)
Market capitalization: Over $307 billion
Ethereum is a favorite of programmers because of its potential uses, such as smart contracts that run when conditions are fulfilled and non-fungible tokens. Ethereum is both a cryptocurrency & a blockchain platform (NFTs).
Ethereum has also exploded in popularity.
Its value increased by more than 22,000% in just five years, from around $11 to over $2,500.

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