If you want to start investing in crypto , firstly, we should know about cryptocurrency so let's begin the topic. Cryptocurrency is a digital currency that doesn't exist in the real world, and this currency is doesn't rely on a bank system. Satoshi Nakamoto invented the world's first cryptocurrency in 2009, which is Bitcoin. Along with time, many other cryptocurrencies introduced became popular, and their value increased with time, and some have not. So now, let's look at some of the most popular and widely used cryptocurrencies.
1. Bitcoin :
Bitcoin was a cryptocurrency invented by Satoshi Nakamoto in 2009. It's the world's most popular and widely used cryptocurrency. It's based on blockchain technology. Given table shows us the value of bitcoin from 2010 to 2021.
following Year Value of the following crypto
1.2010 Us dollar 0.01
2.2013 Us dollar 196
3.2016 Us dollar 952
4.2018 Us dollar 3689
5.2020 Us dollar 20,768
6.2021 Us dollar 34,206
As you can see, the average value of this currency is increasing rapidly, and we can predict by looking at this data that the value of bitcoin will increase further in the future. So investing in bitcoin will be worthwhile for you.
The country that accepts Bitcoins
- United States
- Mexico
- Jamaica
- Iran
- Qatar
- Saudi Arab
- Brazil
So as most of the countries accept bitcoin, it will be an excellent decision to invest in bitcoin.
2. Ethereum:
Vitalik Buterin built an Ethereum currency in 2015. This is the world's second most popular cryptocurrency after bitcoin. If you're looking for a long-term investment in cryptocurrency, then there Will be a better choice. The reason behind this can be easily understood by analyzing the following table
following Year Value of the subsequent crypto
1.2015 Us dollar 1.25
2.2017 Us dollar 719
3.2018 Us dollar 131
4.2020 Us dollar 746
5.2021 Us dollar 2330
We can quickly notice that the value of ethereum has increased a lot in these few years. So there is a high possibility that it will keep growing.
3. Ripple :
It was released in 2012 by Chris Larsen, Jed McCaleb. Its headquarters is in San Francisco, California, U.S. Ripple is a low-risk investment currency because the previous eight years' statistics of ripple are pretty decent for investing, as shown in the table.
following Year Value of the following crypto
1.2013 Us dollar 0.3
2.2015 Us dollar 0.1
3.2017 Us dollar 2.28
4.2020 Us dollar 0.27
5.2021 Us dollar 0.65
This is a perfect time to invest in Ripple currency as we can notice that risk in this cryptocurrency is shallow compared to other cryptocurrencies.
4. Cardano :
This currency was founded by the co-founder of Ethereum Charles Hoskinson in 2015. This currency is a future-proof currency because the statistics of this currency are awe-inspiring.
following Year Value of the following crypto
1. Feb.2020 Us dollar 0.3
2.Dec.2020 Us dollar 0.18
3. Jan.2021 Us dollar 0.37
4. July.2021 Us dollar 1.41
A Cardano has been energy-efficient from day one and supports fast transactions with minimal transaction fees. If you're looking for such a kind of crypto, then Cardano will be the best option for you.
5. Polygon:
A polygon is an Indian cryptocurrency. It's also known as Matic. It's proud to say that The founder of this currency is three Indian software engineers named Jayanti Kanani, Sandeep Nailwal & Anurag Arjun in 2017. The average trading volume of Polygon is $463,379,107 /per day. Due to this reason, the value of this currency is increasing day by day.
following Year Value of the following crypto
1. Dec.2019 ₹1.37
2. Dec.2020 ₹1.46
3. July 2021 ₹.82
Polygon (Matic)will be a good investment in 2021.
Bonus tip:
The best application which you should use for cryptocurrency investment:
1. Unocoin
2. Coindcx
3. Zebpay
4. coin switch kuber
5. wazirX
If you think this article is informative and exciting for you, then share this article with those who are interested in cryptocurrency.
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