1. WHAT SHOULD YOU CHOOSE (CRYPTO COINS)
1. Bitcoin (BTC)
Market cap: Over $856 billion https://dausel.co/FxyKaA
Created in 2009 by someone underthe pseudonym Satoshi
Nakamoto, Bitcoin (BTC) is the original cryptocurrency. As with most
cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions
distributed across a network of thousands of computers. Because additions to
the distributed ledgers must be verified by solving a cryptographic puzzle, a
process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a householdname. Five years
ago, you could buy a Bitcoin for about $500. As of August 2021, a single
Bitcoin’s price was over $45,000. That’s growth of about 8,900%.
2. Ethereum (ETH)
Market cap: Over $357 billion https://dausel.co/FxyKaA
Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of
program developers because of its potential applications, like so-called smart
contracts that automatically execute when conditions are met and non-
fungible tokens (NFTs).
Ethereum has also experienced tremendous growth. In just five years, its price
went from about $11 to over $3,000, increasingly roughly more than 27,000%.
3. Binance Coin (BNB)
Market cap: Over $70 billion https://dausel.co/FxyKaA
The Binance Coin is a form of cryptocurrency that you can use to trade and
pay fees on Binance, one of the largest crypto exchanges in the world.
Since its launch in 2017, Binance Coin has expanded past merely facilitating
trades on Binance’s exchange platform. Now, it can be used for trading,
payment processing or even booking travel arrangements. It can also be
2. traded or exchanged for other forms of cryptocurrency, such as Ethereum or
Bitcoin.
Its price in 2017 was just $0.10; by August 2021, it had risen to over $419, a
gain of almost 419,000%.
4. Cardano (ADA) https://dausel.co/FxyKaA
Market cap: Over $69 billion
Somewhat later to the crypto scene, Cardano is notable for its early embrace of
proof-of-stake validation. This methodexpedites transaction time
and decreases energy usage and environmental impact by removing the
competitive, problem-solving aspect of transaction verification present in
platforms like Bitcoin. Cardano also works like Ethereum to enable smart
contracts and decentralized applications, which are powered by ADA, its
native coin.
Cardano’s ADA token has had relatively modest growth compared to other
major crypto coins. In 2017, ADA’s price was $0.02. As of August 2021, its
price was at $2.11. This is an increase of over 10,000%.
5. Tether (USDT)
Market cap: Over $64 billion https://dausel.co/FxyKaA
Unlike some other forms of cryptocurrency, Tether is a stablecoin, meaning
it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically
keeps a value equal to one of those denominations. In theory, this means
Tether’s value is supposed to be more consistent than other cryptocurrencies,
and it’s favored by investors who are wary of the extreme volatility of other
coins.
6. XRP (XRP) https://dausel.co/FxyKaA
Market cap: Over $52 billion
3. Created by some of the same founders as Ripple, a digital technology and
payment processing company, XRP can be used on that network to facilitate
exchanges of different currency types, including fiat currencies and other
major cryptocurrencies.
At the beginning of 2017, the price of XRP was $0.006. As of August 2021, its
price reached $1.14, equal to a rise almost 19,000%.
7. Dogecoin (DOGE) https://dausel.co/FxyKaA
Market cap: Over $40 billion
Dogecoin has been a hot topic thanks to celebrities and billionaires like Elon
Musk. Famously started as a joke in 2013, Dogecoin rapidly became a
prominent cryptocurrency option, thanks to a dedicated community and
creative memes. Unlike many other cryptos, such as Bitcoin, there is no limit
on the number of Dogecoins that can be created, which leaves the currency
susceptible to devaluation as supply increases.
Dogecoin’s price in 2017 was $0.0002. By August 2021, its price was at
$0.31—a 154,900% increase.
8. USD Coin (USDC) https://dausel.co/FxyKaA
Market cap: Over $23 billion
Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by U.S.
dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum,
and you can use USD Coin to complete global transactions.
9. Polkadot (DOT)
Market cap: Over $25 billion https://dausel.co/FxyKaA
Cryptocurrencies may use any number of blockchains; Polkadot (and its
namesake crypto) aims to integrate them by creating a cryptocurrency
network that connects the various blockchains so they can work together. This
integration may change how cryptocurrencies are managed and has spurred
4. impressive growth since Polkadot’s launch in 2020. Between September 2020
and August 2021, its price grew 774%, from $2.93 to $25.61.
10. Solana (SOL) https://dausel.co/FxyKaA
Market cap: Over $20 billion
Developed to help power decentralized finance (DeFi) uses, decentralized apps
(DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake
and proof-of-history mechanisms that help it process transactions quickly and
securely. SOL, Solana’s native token, powers the platform.
Launchedin 2020, SOL’s price started at $0.77. By August 2021, its price was
$73.19, a gain of 9,405%.
*Market caps and pricing current as of August 19, 2021
Crypto FAQs