Today's Cryptocurrency Headline News
- New Chia Cryptocurrency Promises to be Greener Than Bitcoin, but May Drive Up Hard Prices.
- Wall Street Bets Forum Members Targeted In Telegram.
- S&P Dow Jones Brings Bitcoin, Ethereum to Wall Street With Cryptocurrency Indexes.
- $2.80 Billion Growth Expected in Cryptocurrency Mining Hardware Market / Growth in 2020 amid COVID-19.
- Dogecoin has hit High as $0.43 as of the Time of This Writing.
- Kelles to Introduce Cryptocurrency Mining Maratorium Amid Environment Concern.
- Sotheby's Introduces Cryptocurrency Sales With a Famous Bank Work.
- Southeast Asia's Largest Bank DBS Says Trading Volumes on it's Cryptocurrency have Increased 10 Times.
- 40% Consumer are planning to Use Cryptocurrency Mastercard Survey Show.
- Binance Coin Becomes $100 Billion Cryptocurrency
- Cryptocurrency Exchange Thrive in India Despite Vague Regulation.
- Cramer Says he Owns a Lot of Red hot Crypto Ether That's Tripled Bitcoin's 2021 Gain.
- The "Mad Money'' Host Said he Intiaily Bought it in Order to Bid on Time Magazines NFT Auction.
- Cramer Recently Revealed That he Sold Some of His Bitcoin Holdings To Pay Off a Home Mortage.
- Dogecoin Price Surges after Tweets From Elon Musk & Mark Cuban.
Conclusion
[ These are Written as of The Time of This Writing.]
~ Bitcoin is at $55,315.40
~ Ethereum is at $ 3,339.72
- Binance Coin become a $100 Billion Cryptocurrency.
- Dogecoin is at $0.40
- 5 People Arrested in Nepal For Trading Cryptocurrency.
- Dogecoin Rises as Tweet Of Elon Musk & Mark Cuban.
- Dogecoin Become a $80 Billion Company.
Tips & Tricks
- Choosing the best cryptocurrency is a tricky business, not least because there are so many of them.
We all know about Bitcoin and how rich we’d be today if we’d invested in it, say, 10 years ago. But what about all the other cryptocurrencies? There are hundreds if not thousands of them. Many are alternative — supposedly improved — versions of Bitcoin, but others, like Ethereum, are much more than just a currency.
The choice is further complicated by what you it is that you want to do with your cryptocurrency: you can buy crypto to hold for a decade or two, or you can buy and sell it hoping to profit off its volatility. Either way, unlike 10 years ago, we now know that it is a legit asset, as big banks, funds, and millions of individuals include crypto in their investment portfolios.
Bitcoin market cap: $1.01 trillion
The Bitcoin : Bitcoin has been around since 2008 and is the blue chip cryptocurrency. It has, by far, the largest market cap, the highest coin value, and the largest network of users. It is The That Have to be in Your Crypto Wallet. As its Price is High You also buy it in Fraction also Which Will Cost you Less Money.
Bitcoin performance history: Like all cryptos, Bitcoin started out worth virtually nothing. In 2017 it took off from under $1,000 to over $20,000, but within a year was down around $4,000. In late 2020 it began skyrocketing again, this time from around $10,000 to the $50,000-plus orbit it’s in today.
Ethereum market cap: $384 billion
The Ethereum : If there is another contender for the best cryptocurrency title, it's Ethereum. But it doesn’t compete with Bitcoin. It’s important to note that many so-called cryptocurrencies aren’t straight-up currencies like Bitcoin. Some, like Ethereum, are instead unique technologies that also have a coin component. In Ethereum’s case, its currency is called Ether, and it can be used in applications run on the Ethereum platform. Ethereum is the leader in what’s known as these “smart contract” platforms. 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.
Ethereum performance history: In the past year, Ethereum’s price has shot up from around $200 to well over $2,000. As of today, it was trading as high as $3,300.
BinanceCoin market cap: $95.7 billion
The Binance Coin : Binance Coin was launched in 2017 by the Binance cryptocurrency exchange, the world’s largest crypto exchange by volume. During its initial coin offering (ICO), it sold 100 million coins to the public at $0.15 per coin. Binance Coin can be used to pay transaction fees on the Binance exchange, to trade for other cryptocurrencies, and to pay for some goods and services. Every quarter, Binance uses 20% of its profits to buy back and destroy Binance Coins. This will continue until Binance buys back and destroys 50% of the total supply, making its coin scarcer and therefore more valuable.
Binance Coin performance history: Since launching in 2017, Binance Coin has made a long, slow climb to about $60 a coin, before shooting upwards in February 2021. As of early May it was trading in the $620 range.
Dogecoin market cap: $74.2 billion
The Dogecoin : Dogecoin bills itself as “the fun and friendly internet currency.” Launched in 2013 by software developers Billy Markus and Jackson Palmer as a satire of Bitcoin and the exploding popularity of crypto, it’s basically a Bitcoin clone with a cute dog meme for a mascot.
Dogecoin performance history: In early 2021, Dogecoin crossed the $0.05 threshold for the first time, then went to the moon in April, recently trading at an all-time high of $0.56.
XRP/Ripple market cap: $63.3 billion
The XRP/Ripple : XRP’s claim to fame is that it's the fastest digital asset, enabling near real-time global payments anywhere in the world. As such, some payment providers use XRP to expand their reach, lower foreign exchange costs, and settle payments more quickly.
XRP performance history: Aside from a blip of a spike in December 2017-January 2018, XRP didn’t crack the $0.60 threshold until 2020. As of early May 2021, it was trading at $1.35.
Tether market cap: $52.2 billion
The Tether : Tether is unique among the options in our best cryptocurrency list: it's the leader in the category of cryptocurrency known as “stable coins.” Why stable? Because they are pegged to a traditional currency, in this case the US dollar.
Tether performance history: One Tether token = one USD. Always has, always will.
Cardano market cap: $41.2 billion
The Cardano : Cardano, founded in 2017, is another Ethereum-like contender for the best cryptocurrency crown: a blockchain platform that supports applications, systems, and real-life business use cases. It’s a promising technology but, like all the others, has a lot of catching up to do with Ethereum in terms of its network size.
Cardano performance history: Cardano was cruising along at about $0.10 from its founding in 2017 until early 2021, when it jumped to well over a dollar and was recently trading at $1.33.
Polkadot market cap: $33.1 billion
The Polkadot : Lots of the best cryptocurrency projects have lofty goals, but Polkadot’s is one of the loftiest: to “enable a completely decentralized web where users are in control.” Launched in 2020, Polkadot is the flagship project of the Swiss Web3 foundation. If Web 1.0 was commerce, and Web 2.0 was social, think of Web3 as decentralization. Polkadot’s technology stitches together different blockchains, enabling them to exchange information and transactions and operate together seamlessly.
Polkadot performance history: This crypto was trading at about a nickel until late 2020, when it took off (stop us if you’ve heard this one before) and was recently trading at $0.36.
Uniswap market cap: $21.8 billion
The Uniswap : Most cryptocurrency trading takes place on centralized exchanges such as Coinbase, Binance, and Kraken. Uniswap, launched in 2018, is a decentralized crytpo exchange that runs on the Ethereum platform — transaction fees must be paid for in ETH.
Uniswap performance history: Launched in 2018, Uniswap hit a high of $42 in late April 2021.
Litecoin market cap: $20.4 billion
The Litecoin : Litecoin, created in 2011 by Charlie Lee, is one of the earliest Bitcoin clones, aka “altcoins,” and is a well-established crypto. It was developed with a focus on speed, efficiency, and wider initial coin distribution than Bitcoin. For example, Litecoin transactions are confirmed every two and a half minutes, which is four times more frequently than Bitcoin transactions. Another difference: Litecoin has a supply cap of 84 million coins, exactly four times Bitcoin’s — this is what makes many investors think of Litecoin as the silver to Bitcoin’s gold.
Litecoin performance history: Litecoin spiked briefly over $300 in late 2017 before dipping as low as $25 in 2019. In late 2020, it began another ascent and was recently trading at $305.
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