Best Crypto Exchanges 2021
Cryptocurrencies are the highest appreciating asset class of all time. Bitcoin value in 2010 was a fraction of a penny. But now today it reached 40,789.30$
As cryptocurrency is not stable, investors must identify the best currency and time to invest in getting the desired profit.
Also, this article is not a bit of financial advice. It's for financial, educational, and informational purposes.
Bitcoin (BTC):
The first cryptocurrency to invest and hold for a long time in 2021 will be Bitcoin. Since 2008 Bitcoin has been consistently high rise. And is now up more than 2 million percent since it was invented.
At the beginning of 2010, Bitcoin's price was $0.0015; at the end of the year, it went up to 32 Cents. It was a 20,000% gain.
In 2011 It went from $0.31 to$6.18; in 2012, it raised $6 to $13, then in 2013, it went from $13 to $751. 2015 it dropped down to $285$, and again raised to $435. In 2016, It went from $400 to $952. In 2017 it went $900 to all the way more than $20,000!
Today bitcoin is trading 40,789.30$ (On 7 Aug 2021), and it has gone as high as $65000+
Bitcoin is literally the highest appreciating asset of all time. Why has bitcoin increased?
Because - Bitcoin supply is finite. There will only ever be 21 million bitcoins ever in existence. At present, there are 18.3 million there that have been mined and are traded.
But the truth is, there's actually less than this. This is because many people have lost their Bitcoin or lost their private keys that control the Bitcoin. So, in reality, probably 14-15 million Bitcoin that people actually have access to.
The last Bitcoin will be mined in 2140. After that, no new bitcoins will ever be mined again.
Now, another reason to buy and hold bitcoin is that it is now becoming "Digital Gold." Now, why do you cant buy a lot of stuff with bitcoin? It's not really recommended to do this. Because Bitcoin traditionally goes up in value over time.
Etherium (ETH):
And the second cryptocurrency to invest and hold on to for a long time is Etherium.
Etherium follows a blockchain protocol wherein the user does not need a third party for sending or receiving funds. It implements smart contract technology that enables developers to build decentralized applications (dApps) on its blockchain.
The technology powering the cryptocurrency Eather/Eath and thousands of other decentralized applications. Get Eath-is simple
1 . Pick a wallet
2. Get some Eth
3. Then you can use a Dapp
4. Start building on the Etherium blockchain.
Etherium is the host of the DFY and NFT projects anywhere in the crypto world today. This is made Etherium very attractive not only to wealthy investors but also supported by large businesses. Some other words leading cryptocurrencies joined the EEA and supported future development. These businesses and companies include Samsung, Toyota, Microsoft, jp morgan, bank of Canada, and many more.
And According to DFY words, there's over 66.8 Billion $ locked on the Etherium blockchain. this shows real-world adoption and takes Etherium off the market, which is made the price go higher.
Cardano (ADA):
The Cardano was released as an ICO in 2017. The project has a cap of 45 Billion ADA and approx. 26 billion ADA was sold for 62 million ADA.
Approximately 31 billion ADA is in circulation.
Cardano is a proof of stake blockchain platform; it was founded on peer-reviewed research and developed from an evidence-based method. It is also a smart contract flatform offering high scalability and security things.
An open-source, public blockchain that works on the Proof Of Sake algorithm(POS). Cardano seeks to develop smart contracts to provide the highest security and sustainability to decentralized applications, and ADA is a native token of the Cardano blockchain.
Cardano's lowest price ever was 0.01 penny in Oct 2017, and its highest price has been $2.40.
Polkadot (DOT):
It was developed by former Etherium developer Dr. Gavin James Wood and was listed in ICO in 2017.
For the project there are 10million DOT tokens were originally produced on the Etherium platform. Approx. 5 million dot was sold for $144 Million. In Nov 2017, millions of S of Eherium came unusable due to vulnerability.
Pokecahain blockchain itself ended up going live in may-2020. And the lowest recorded price DOT token was $2.69 in Aug 2020. and the Highest price was $49 in 2021.
It is an open-source, fully decentralized web that facilitates a space for independent blockchains to exchange information and transactions in a trustless way via the Polkadot relay chain.
The DOT token acts as a governance token and can also be used for staking on the network.
I believe this will be the best because of its community, can 100% open source project created to enable decentralized web in a better society and anyone can contribute. They are also creating an incredible blockchain.
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