Table of Contents
Introduction
Cryptocurrencies: Who doesn’t want to get a crazy return on their investments? And this is at a time when various “financial experts” are at odds with millennials and their financial habits.
Speaking of which, what an excellent way to kick off your 2024 than to up your “financial game.” The modern crypto market is a way to explore cryptocurrencies without worrying about “control and centralization” in the name of security. We’re here to make sure you tick “smart investments” off your resolution list with our little info.
Bitcoin (BTC)
Current Market Cap: $796 BILLION
No cryptocurrency list goes further without the MVP himself, Bitcoin.
The cryptocurrency revolution dates back to the invention of Bitcoin. In 2008, Bitcoin was invented by an unknown person or group under the name “Satoshi Nakamoto.” And what happened after that was a new morning for the crypto space. The cryptocurrency began to be used in 2009 when its implementation was released as open source software.
The USP of this cryptocurrency, or rather the USPs, is its rarity, its acceptance. Speaking of monsters, it comes with growing demand, proven use cases, and recognized appeal. The immutability or immutability of Bitcoin is one of the reasons it can be trusted, as it makes it impossible for anything (especially the government or corporation) to tamper with, replace or tamper with the data stored in it.
Ethereum (ETHER)
Current market capital: 378 BILLION USD
Founded in December 2013 by Vitalik Buterin, Anthony Di Iorio, Charles Hoskinson, Mihai Alise, and Amir Chetrit, Ethereum is a cryptocurrency and blockchain platform. Ether is the native token of Ethereum. Ethereum applications range from decentralized finance, exchanges, gaming, non-fungible tokens (NFTs), and prediction markets.
It is second only to Bitcoin when it comes to market cap value. Ethereum coin showed a massive growth of 331420% from the year 2016 to the year 2021 and with a maximum historical value (ATH) of 4868.79.
Binance (BNB)
Current market cap: $79 billion
Binance is a cryptocurrency exchange and also the largest exchange in the world when it comes to daily cryptocurrency trading volume.
Binance regularly destroys or “burns” tokens to reduce the overall supply and stabilize their value over time. Last year, Binance made headlines for its Dubai WTCA deal and new BNB auto-burn scheme, among other projects. Speaking of all-time highs, from January 2018 to January 2022, BNB grew by 5,134.10% to reach an all-time high of 704.6.
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Solana (SUN)
Current Market Cap: $43 BILLION
SOL, the Solana token, was founded in 2020. Solana, an open-source project, is powered by the Geneva-based Solana Foundation, while the blockchain was built by the San Francisco-based Solana Labs.
Solana is faster in the number of dealings process per second (about 2000 transactions). In addition, it has relatively lower transaction fees than competing blockchains like Ethereum. As a result, Solana should continue to lead Ethereum proxies. As for its history, SOL has seen a growth of 62300.16% and an ATH of 267.52 in two years.
Cardano (ADA)
Current market capital: $50 billion
Cardano is a blockchain proof-of-stake platform. It is the first stage based on peer-reviewed research and developed using evidence-based methods. Working to build Defi products like Ethereum, Cardano also provides solutions for on-chain interoperability, legal contract enforcement, election fraud, and more.
Cardano’s ADA token has seen relatively modest growth compared to other primary crypto tokens. For example, in 2017, the price of ADA was $0.02 and rose to $1.34 on January 3, 2022, a growth of 6,600%.
Polygon (MATIC)
Current Market Cap: $14 BILLION
Polygon is adding Ethereum Layer 2 solutions. It can help existing projects reduce costs and address network congestion issues until the Eth 2.0 upgrade is complete. Polygon will continue to take care of interoperability after the release of the major update.
In the growth chart, from April 2019 to January 2022, Polygon showed a notable increase of 91823.38%. It also reached an all-time high of 3.03.
Conclusion
Investing in cryptocurrency is quite a new phenomenon to many. Although this list is a research-oriented effort from us, we recommend you do your study before investing your money into any market. Because, just like the traditional market, there are ‘few risks’ involve here too.
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