Over the recent years, crypto-currencies have taken the attention of many individuals and savvy investors, for turning most of them millionaires overnight. Until this moment its price has many fluctuations which have found its very place on the top, with more than $1 trillion value. Not surprisingly many investors, people, and institutions have become more attracted to it, resulting from the high rise in the price.
Many people weren’t just attracted to it, they invested big amounts of their money into digital cryptocurrencies, hoping their values will rise even more. The more money they invest, the more risk for crypto-related transactions to be completed without any fraudulent activities increases. The implementation of cybersecurity has become a crucial step every investor should keep in mind. Lots of cybersecurity practices are available for use, that can be combined and secure your crypto money, such as using an encrypted wallet, Two-factor Authentication, storing private keys to reduce the chances of cybercriminals spying on your crypto-related activity or the most effective one is to secure your internet connection with a VPN. A VPN (Virtual Private Network) will encrypt your Internet, by protecting your IP address, and allow you to make a virtual transaction more securely.
If you are already into the crypto world, you are probably familiar with some of the currencies, those that are being offered to you or you are already using. If you happen to be just at the start of this digital journey, you should know all the currencies that move the world forward. Since the very beginning, the number of currencies has increased to thousands, and you should know or at least heard of one of these five cryptocurrencies:
- Bitcoin (BTC)
No wonder Bitcoin is the most attractive cryptocurrency for institutional investors. It is the first one that started the crypto activities and got to the total market capitalization value of more than $1 trillion. It is not precisely known who was the creator of this currency, but the pseudonym name Satoshi Nakamoto is used by a person or a team of people creating this rising volatile currency. When it comes to exchanging activities, seems like Coinbase is the one that is easiest for use, in both its website and platform, housing more than 20 million users. With a current value of around $56,000 Bitcoin has become very attractive around the globe, and has big popularity in the United States, Romania, China, Japan, and Spain.
- Ethereum (ETH)
Right after Bitcoin, Ethereum comes in second place as the most popular cryptocurrency by market capitalization with a value of $350 billion. It was created in 2014 by the Russian-Canadian programmer Vitalik Buterin, which was formally developed in Ethereum Switzerland GmbH. There is more than one platform to trade Ethereum, including CoinBase, Bitstamp, Kraken, Gemini, Binance, and Bitfinex. It has a current value of around $3,400. The United States, Germany, and China are the countries where Ethereum is mostly used.
- Ripple (XRP)
Designed to serve the needs of Ripple Network, this cryptocurrency became very popular with an increased market capitalization of $66.6 Billion. In 2011, three developers, Jed McCaleb, David Schwartz, and Arthur Britto were fascinated by Bitcoin, and have created Ripple, known as XRP, in Ripple Labs Inc. Ripple appears as both cryptocurrency and platform, but can also be traded on other digital platforms, like Bitstamp, Kraken, and GateHub. With a lower current value than Bitcoin and Ethereum, XRP can be exchanged for $1.4 and is used in 25 countries, of which the United States, United Kingdom, Mexico, and the rest are European countries.
- Litecoin (LTC)
Nearly identical to Bitcoin, Litecoin can even be faster when we measure the time for crypto transactions. With a market capitalization value of $10 billion, this Bitcoin alternative is quickly getting to the top. Created by Charlie Lee in Litecoin company, LTC can be exchanged on many digital trading platforms, including Coinbase, PrimeBXT, and Binance. With a current value amount of $345 and his similar features as BTC, Litecoin has more potential to grow in the future.
- Tether (USDT)
By converting cash in national currencies into currency, Tether is a stable coin mostly used by crypto investors who want to avoid the extreme volatility of other cryptocurrencies. Originally launched as Realcoin, this cryptocurrency was created in Tether Ltd., by Craig Sellars, Brock Pierce, and Reeve Collins. Many digital platforms of which Bitfinex, Binance, Bittrex, and Coinbase allow the exchange of Tether around the globe. Its popularity is higher outside the United States, with most usage in China and East Asia, with a low current value of $1.
With Bitcoin on the top, this list of top cryptocurrencies that are most popular and used nowadays, you will get all the important information, and help you make a better decision on which currency your money will be invested in.