What Are The Top Cryptocurrencies on the Market?

by Kate Winslet Im a blogger by passion

How To Learn Crypto Trading - Todayuknews

If there is a period in which cryptocurrencies have managed to dominate the market, it is the year 2021. The crypto network has risen drastically in the year as many cryptocurrencies reached an all-time high when it comes to their value.

That is exactly the reason why so many people were more than willing to register and start their trading journey. Research shows that there may be as many as 7 million crypto users globally. That number is likely to double in the next couple of years because experts believe that cryptocurrencies will continue to rise in value.

With that being said, we wanted to take a look at some of the most valuable and most profitable cryptocurrencies on the market. But, before we unveil them, let’s see where can you actually buy or sell them.

Where Can You Trade Them?

Since cryptocurrencies are digital assets, meaning that they do not have a physical shape, you can’t trade them at your local exchange office. Instead, you must register at trading sites, which operate online. The process of registration is very fast and simple and you will experience no difficulty completing it.

What’s even better is that reputable trading sites will allow you to trade with numerous cryptocurrencies, including the ones we are about to mention. That will provide you with flexibility in your trading options.

Finally, sites such as The News Spy even use advanced AI systems that can help you generate profit if you think of selling the cryptocurrencies. These AI systems collect all the data on your selected cryptocurrency and use it to see how will the latest development influence its near future price. Now, even though it does not guarantee you a profit, it increases the chances of making one. Like we mentioned earlier, to use this AI system, you must register with The News Spy.

Now, let’s take a look at the most valuable/profitable cryptocurrencies.

Litecoin

Litecoin was released on October 7, 2011, by a former Google employee named Charlie Lee. When it comes to the technical aspects, it is almost identical to Bitcoin as it uses the same technology. The two main differences are the mining time and the fact that Litecoin uses scrypt in its POW (proof of work) algorithm.

This is one of the oldest cryptocurrencies aside from Bitcoin and it managed to withstand the test of time. At the moment, Litecoin is worth somewhere around $150.

Ethereum

Next up, we have probably the most complex cryptocurrency on the market. Unlike many digital assets that are aiming to be an alternative to regular payment methods, Ethereum wants to replace the Internet. This is a whole decentralized network that promises transparency, a corruption-free platform, as well as user security.

Ethereum is run by its own cryptocurrency that goes by the name Ether. What's even more impressive is that it accepts other cryptocurrencies and tokens, including Non-Fungible Tokens. At the moment, The value of 1 Ether is around $3,000 and it is likely to rise to $5,000 by the end of 2021.

Bitcoin

Finally, we have the one cryptocurrency that takes the throne when it comes to popularity and value. Out of the 7 million estimated crypto users, 80% use Bitcoin. Bitcoin was the first cryptocurrency to ever be created and reached an all-time high back in April after it peaked at over $63,000. Not only that but many global brands accept it as a payment method and El Salvador even legalized it recently, making it the first country to do so.

Thanks to the value and stability, a majority of crypto traders decide to invest in Bitcoin. If you are thinking of whether you should do that, now is the time as experts believe that Bitcoin has the potential to rise to over $100,000 at either the end of 2021 or the start of 2022.