If you’re looking at buying crypto, it’s not just Bitcoin anymore.
Nowadays, there are hundreds, if not thousands of cryptocurrencies to choose from. On one hand, this makes investing more opportunistic for those that want in on crypto. On the other hand, however, it can be hard to figure out what the next big thing is going to be.
In this post, we’re going to look at some of the trendiest crypto options so that you can decide which one to buy. Bitcoin is still the top dog, but as we’re about to show you, there are some enticing options that stand to challenge its status.
Ethereum is the cryptocurrency and blockchain platform that arguably stands the best chance of dethroning Bitcoin as the crypto king. It’s a big deal with developers because of the potential for applications, like smart contracts and non-fungible tokens.
The biggest reason the crypto news is so optimistic about Ethereum is due to the growth we’ve seen over the last few years. In just over 5 years, the price of Ethereum has gone from $11 to nearly $4,500, which is a growth of around 40,000%.
Tether is the first and most popular version of what are known as “stablecoins”, which try to peg their market value to a currency as a reference point to reduce market volatility. Anyone that’s looked at crypto prices closely in the past will understand the implication here because bigger cryptocurrencies like Bitcoin and Ethereum have gone through periods of extreme volatility.
This makes Tether extremely valuable to what amounts to a large percentage of the investing population who are still skeptical of the volatility of other coins.
One of the biggest problems with crypto thus far is the impact that the blockchain has on the environment. Cardano has embraced “proof-of-stake” validation, which expedites transaction verification time, thus reducing the energy usage that is so environmentally harmful. This transaction verification is the bread and butter of platforms like Bitcoin.
The other thing that Cardano does, much like Ethereum, is enable smart contracts and decentralized applications with its native coin, ADA. Although ADA’s price is relatively modest compared to other cryptocurrencies, its growth is promising (10,000% between 2017 to 2021). To keep tabs on this trendy cryptocurrency, go to https://www.bytefederal.com/2021s-biggest-cryptocurrency-trends-so-far/.
Binance Coin (BNB)
Binance is one of the largest crypto exchanges in the world and Binance Coin is the currency that you can use to trade and pay fees on this platform. Since its launch back in 2017, Binance Coin has expanded for use in trading, payment processing, and booking travel arrangements. You can also exchange and trade it for other forms of crypto, like Bitcoin and Ethereum.
Between 2017 and October 2021, Binance Coin has gone from $0.10 to $530, which is a growth of around 530,000%.
Keeping Up With Crypto Trends
If you want to make big money investing in crypto, you have to keep your ear to the ground on the latest trends. There’s no better feeling than getting in on the ground floor with one of these cryptocurrencies because you can make fortune if you buy them right now. Use this as a guide on the trendiest crypto options right now, but keeping tabs on crypto is a full-time job if you want to make serious money.
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