INTRODUCTION ABOUT CRYPTOCURRENCY
Cryptocurrency is a digital asset based on blockchain technology(storing data in blocks and creating records in a database and is based on decentralized technology, i.e., it can't be controlled by any government or any other institution. Cryptocurrency is in trend as more people are connecting to it. It has already made many people millionaires in a short period of span. As the future of cryptocurrency is bright, we can also invest a part of our income in this and do our own research. Countries are starting to accept this as legal digital payment. El Salvador became the first country to accept bitcoin as a legal tender. But there are various other cryptocurrencies available in the market based on good projects and use cases. We can start investing in cryptocurrencies with few dollars. This post will also include the past 1-year return and past 5-year return of each cryptocurrency. Currently, there are more than 350 million((approx.) cryptocurrency users around the globe. There are more than 4.5 billion internet users around the globe when each people know about it; then, there will be more cryptocurrency investors who will eventually increase returns on cryptocurrency. Before investing in any cryptocurrency, we should have to do our own research as cryptocurrency is a volatile currency. This post will look at the top 5 cryptocurrencies that can change your luck and make you rich in the upcoming years.
The top 5 cryptocurrencies are:
(1) Bitcoin(BTC):
Bitcoin is the first cryptocurrency that works on blockchain technology, and it was invented in the year 2008 by Satoshi Nakamoto. Bitcoin is called a first-generation cryptocurrency as it is the first cryptocurrency in the crypto market. The maximum supply of bitcoin is 21 million, and more than 18.5 million bitcoins have already been mined, and it is predicted that by the year 2040, all bitcoins will be mined. The market cap of bitcoin is $635B; this is why bitcoin holds 50%(approx.) dominance in the entire crypto market. Currently, it is ranked at 1st position in the crypto market.
Exchanges, where you can invest in bitcoin, are:
(1) Huobi Global
(2) Binance
(3) Coinbase
(4) Gate.io
(5) Kraken
Return on Investment of bitcoin-
Past One year:275%.
Past Five year:5150%
(2) Ethereum(ETH):
Ethereum is the second cryptocurrency launched in the crypto market by Vitalik Buterin in 2015. Ethereum is the second generation cryptocurrency as it came after bitcoin with more advanced features than bitcoin as transaction fees are low in ethereum and speed is much higher than bitcoin. The maximum limit supply of there is 18 million per year. The market cap of ethereum is $250B, and it holds 18%(approx.) dominance in the crypto market. Many developers predict that there can lead bitcoin in the upcoming years due to its advanced features. Currently, it is ranked at 2nd position in the crypto market.
Exchanges, where you can invest in there, are:
(1) Binance
(2) Huobi Global
(3) KuCoin
(4) FTX
(5) Coinbase
Return on Investment of ethereum-
Past One year:880%.
Past Five year:11000%.
(3) Cardano(ADA):
Cardano was founded by one of the ethereum developer Charles Hoskinson. It was launched in the year 2017. Cardano is a third-generation cryptocurrency, and it has more advanced features than there due to its features like automated regulation and more transactions at a cheaper rate. The maximum supply of Cardano is 45 billion. The market cap of Cardano is $45B, and it is also one of the best choices of investors as it is backed by developers. Many developers call it an 'ethereum killer.'Currently, it is ranked at 5th position in the crypto market.
Exchanges where you can invest in Cardano are:
(1) Bithumb
(2) Coinbase
(3) Binance
(4) KuCoin
(5) Gate.io
Return on Investment of Cardano-
Past One year:1307%.
Past Five year:22000%.
(4) Solana(SOL):
Solana was founded by Anatoly Yakovenko in the year 2017. Solana belongs to a third-generation cryptocurrency. Solana works on blockchain technology that is fast, most secure, and safe. It can create 65k transactions per second. The maximum supply of Solana is 489 million. The market cap of Solana is $10B, and it is also considered a good cryptocurrency. Currently, it is ranked at 14th position in the crypto market.
Exchanges where you can invest in Solana are:
(1) Coinbase
(2) Binance
(3) FTX
(4) Huobi Global
(5) Bitbns
Return on Investment of Solana-
Past One year:4235%
Past Five year:19000%
(5) Polygon(formerly Matic network):
Polygon was founded by three Indians-Sandeep Nailwal, Jayanti Kanani, and Anurag Arjun in the year 2017. Matic belongs to third-generation cryptocurrency. It includes blockchain technology with features like digital security and polygon, also known as ethereum layer 2 solutions. The maximum supply of polygon is 10 billion. The market cap of the polygon is $10B, and it is also considered one of the best future cryptocurrencies. Currently, it is ranked at 17th position in the crypto market.
Exchanges where you can invest in the polygon are:
(1) Coinbase
(2) Binance
(3) WazirX
(4) Britons
(5) Huobi Global
Return on Investment of polygon-
Past One year:5314%
Past Five year:14000%.
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