New Delhi. The price of cryptocurrency bitcoin has crossed $ 51,000 and investors are starting to feel its value. This is the reason that investors are looking for cryptocurrencies that can be placed on bets. Investors want to place bets on them, so that good profits can be made when prices rise. The cryptocurrency market in the world has crossed 1.54 trillion dollars. Although Bitcoin contributes the most and is the most popular cryptocurrency, it is not the only virtual currency.
Ethereum: It is the second largest cryptocurrency in terms of market capitalization. It is built with the help of decentralized open source blockchain based on smart contracts. Ether is actually the cryptocurrency of the Ethereum block chain. This is a completely new blockchain different from the bitcoin blockchain.
Binance coin: It is the third largest cryptocurrency by market share. It is used to pay fees on the Binance cryptocurrency exchange. The popularity of the binance chain among developers is increasing, as it makes it much easier to transact on their network.
Ripple: It is not a cryptocurrency based on blockchain. It is mostly used by big companies, who have to pay huge amount.
LiteCoin: It is a lighter and more speedy form of bitcoin. It is built on the source code of bitcoin itself, so there is a lot of similarity between it and bitcoin. Actually it was designed to do low-cost transactions and is quite good for everyday use.
Token: Many companies have withdrawn their currencies, which are called tokens. They can be used in the transaction of goods or services from the same company that issued them. If you want to create your own token, there is no need to create a new blockchain. Possible to work on already existing.
There are many cryptocurrencies in the market.
According to an estimate, more than 6,000 cryptocurrencies are currently in operation in the world and their share of the virtual currencies market is around 34 per cent. Following the success of bitcoin, many cryptocurrencies have been launched in the market. In terms of market position, the top 5 cryptocurrencies after bitcoin are Ethereum, Binance Coin, Tether, Polkadot and Cardeno. Ripple and LiteCoin were also in this list for a long time and even now both are around.
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