In 2009, people faced a financial crisis. In response to this problem, bankers launched Bitcoin. Many people think that alternatives are ineffective because it is a digital currency-no one would have thought that Bitcoin is a new and powerful asset. Today, Bitcoin is considered the most profitable and most suitable cryptocurrency for investment. However, there are other valuable cryptocurrencies.
The cryptocurrency market is the most extensive, valued at more than $1.3 trillion. If you can’t choose the coolest token to invest in, you can use our comments and suggestions. Why is it important to invest in the right cryptocurrency? Keep your income no more than expenses! We have collected seven of the most convenient and profitable cryptocurrencies for students to invest in.
Charles Lee developed the Litecoin cryptocurrency in 2011. In his project, the developer tried to preserve all the advantages of Bitcoin cryptocurrency and strengthen them, eliminating existing mistakes. Two years after its establishment, Litecoin was taken for granted as the central reserve digital currency after Bitcoin. In 2016, it became the second most expensive and fastest growing cryptocurrency.
The creators of Litecoin set the goal of surpassing Bitcoin in all aspects, making Litecoin the leading cryptocurrency in the digital market. Many people have noticed that Litecoin has grown significantly-Litecoin is one of the top 7 cryptocurrencies with the highest market value. Therefore, the version about the alternative to Bitcoin doesn’t seem so wonderful anymore. Litecoin has higher throughput and lower transaction fees.
On Litecoin, all known cryptocurrency systems in the world today are guided, which illustrates its strong position.In addition, the online store and Online essay writing service It is planning to introduce this cryptocurrency payment method. The current market value of Litecoin is US$4 billion, and the cost of each token is US$190. If your top priority is the speed of transaction operations, the confidentiality of transactions, the security of your account and the protection of hacker attacks, then you can safely invest in Litecoin.
The history of Bitcoin began with a message published by Satoshi Nakamoto on the Internet in 2008. He announced the creation of a new cryptocurrency. The purpose of Bitcoin is to create a payment method that allows you to pay anonymously online without an intermediary.
This is the first decentralized currency, which is different from the currency unit and payment system created before. Bitcoin has nothing to do with assets and national currencies. The cost of coins regulates the relationship between supply and demand in the market. Today, Bitcoin is the most popular cryptocurrency in the world. At the same time, the value of currency is also growing and will increase.
A young developer fascinated by blockchain technology, Vitaly Buterin, founded a dedicated magazine Bitcoin Magazine for cryptocurrency enthusiasts in 2012. Between 2013 and 2015, he created a decentralized platform for processing smart contracts using blockchain technology. The new cryptocurrency is named Ethereum. It turns out that it is so successful and promising that its creator has become a business partner of world-renowned companies such as IBM, Microsoft, and one of the world’s largest banks, JPMorgan Chase.
Ethereum based on software code with higher reliability allows users Pay for homework help, Clothing, food or other services, and develop different decentralized applications. It only takes about 15 seconds to form a new Ethereum block, which is several times faster than Bitcoin. Ethereum is now the leader in implementing the concept of smart contracts in the field of financial relations. This is why it is considered a promising digital currency and the future of the digital economy.
Cardano is a blockchain platform that has developed a cryptocurrency called ADA. The idea for this project was first provided by Ethereum co-founder Charles Hoskinson in 2015. The implementation of the project took two years-in 2017, people began to actively use the ADA cryptocurrency. The creator of Cardano named this cryptocurrency after Ada Lovelace, who was known for her work on computers in the 19th century.
The main advantage of Cardano is environmental friendliness, which is essential for many countries. For example, China and Iran banned mining a few years ago on the grounds that the computers used in the process consumed too much electricity, which caused power outages. With the advent of Cardano, this problem disappeared and countries reopened mining rights.
If we compare Cardano with Bitcoin, this cryptocurrency consumes ten times less energy-only 0.006 terawatts per hour. Thanks to Cardano, the annual emissions of Bitcoin mining have been reduced. Therefore, if you want to protect nature and save energy consumption, Cardano is a good choice. The current market value of Cardano is $71 billion-one ADA is equal to $2.50.
Dogecoin is a cryptocurrency based on the popular Shiba Inu dog meme. It was created by Billy Markus and Jackson Palmer in 2013 based on the Litecoin code. They hope to launch a digital asset that is more interesting than Bitcoin and more attractive to new users without adding any technical fun.
The creators likened Dogecoin to “a little change thrown into the piggy bank after returning home.” Due to the attention of Tesla CEO Elon Musk, this cryptocurrency has gained fame among the public. He has written about it on Twitter many times, which subsequently caused its exchange rate to rise rapidly.
Dogecoin was created so that anyone can mine it on the CPU or GPU following the summary guidelines. The Dogecoin blockchain can process about 30 transactions per second-transaction processing fees are usually about 1 cent. Today, Dogecoin has 130 billion coins in circulation, and it is growing every year.
Polkadot is a segmented bridging protocol that supports communication between other encrypted currencies, enhances value transfer, and improves blockchain security. This idea was proposed by Gavin Wood, co-founder of Ethereum and founder of Parity Technologies, at the end of 2016. The project will be released at the end of 2020.
The main idea behind Polkadot is to connect private and alliance networks, public and permissionless networks, oracles and other technologies. Polkadot provides secure Internet access for cryptocurrency holders and makes it easy to access the platform. An independent blockchain can use the Polkadot relay chain to exchange information and transactions without trust.
Polkadot quickly gained attention in the Defi field and the broader encryption community. With simple integration, available grants and overall layout, the Polkadot project is gaining value, and the Polkadot Association seems to have a positive impact on the value of the project’s tokens.
Binance Coin is a currency created by the developers of Binance, one of the largest cryptocurrency exchanges in the world. Binance launched its ICO in July 2017. In just 3 minutes, the developers managed to raise the required amount-15,000,000 USD. The main goal of this cryptocurrency is to develop a platform of the same name and use BNB as a financial asset in it.
The main difference between Binance Coin and other cryptocurrencies is that it is a token that provides the largest exchange ecosystem and provides ample opportunities for its use. For example, by using BNB tokens when trading on the Binance Exchange, you can pay commissions for buying and selling cryptocurrencies, thereby obtaining a discount on the commission scale.
You can also pay commissions for transfers and withdrawals from exchanges, participate in IEOs, buy digital currencies that can be traded on exchanges, store tokens, and get additional bonuses for this. As you can see, the token has a wide range of applications, which shows that it is in high demand among platform users and provides excellent potential for further development and distribution. The platform confidently ranked first among all cryptocurrency exchanges in the world in terms of trading volume during 2018, 2019, 2020, and 2021.