Which Cryptocurrency is growing the fastest?
- Written by NewsServices.com
The crypto world has had numerous changes, one being the constant growth of cryptocurrency. This has left mainstream investors and everyone with curiosity on what potential cryptocurrencies hold for the future. On that note, there are hundreds if not thousands of cryptocurrencies in the crypto market.
However, cryptocurrencies such as Bitcoin and Ethereum are growing and breaking records each day. But this does not mean other cryptocurrencies are not growing, they are out of the shadows and making a prominent place in the crypto market. As a result, the potential for profit and maximum growth of these cryptocurrencies is high.
You should therefore seize this opportunity and invest in your preferred cryptocurrency, but before you do that, visit cryptolaun.ch to know everything about investing.
Here are the fastest-growing cryptocurrencies. Let's get started
Bitcoin
Developed in 2009, bitcoin used to cost less than a dollar, today, this cryptocurrency has a value of over $58,120. In addition, Bitcoin is the largest cryptocurrency with a market capitalization surpassing $ 1 trillion, meaning bitcoin accounts for more than 70% of the entire crypto market. That being the case, bitcoin has greatly impacted industries with many opening to the idea of accepting this cryptocurrency as a method of payment.
Therefore, bitcoin’s popularity and demand are expected to grow immensely in the coming years.
Litecoin
Launched in 2011, Litecoin is attributed for being a stable coin and its uniqueness for being limited to 84 million coins, unlike bitcoin's 21 million supply. As a result, Litecoin ranks as the highest crypto with a block reward of 12.5 LTC. In addition, mining a Litecoin is considered to take less time than any other cryptocurrency. This has led to the increased popularity and growth of Litecoin in the global business market and the crypto world. Today, Litecoin’s price is estimated to be worth $388.93.
Ethereum
Launched in 2015, Ethereum has greatly impacted the globe and ranks high in numerous investor’s portfolios. This cryptocurrency was launched to decentralize not just the currency but also the entire internet. Today, Ethereum’s estimated value is $4,066 and it is expected to grow over time. This is because of the potential and widespread confidence in the future of Ethereum.
In fact, this was the first cryptocurrency to introduce smart contracts. Additionally, the Ethereum network has greatly supported other crypto platforms such as Maker, Aave, and Uniswap. Thanks to Ethereum, these platforms aim to make loans, savings programs, and insurance independent from banks.
Cardano
Launched in 2015, Cardano is one of the most affordable cryptocurrencies with a price of $1.75. This cryptocurrency is attributed for its uniqueness to have two blockchains rather than one. Each blockchain has specific roles with one handling general ordinary transactions while the other deals with the management of smart contracts. This cryptocurrency is also referred to as the ‘’Japanese Ethereum’’ since most of its investors are from japan.
Cardano has witnessed significant growth over the years due to its use of the proof of stake algorithm. Currently, this cryptocurrency has an estimated market cap of $ 30.7 billion.