There are hundreds of cryptocurrencies available in the market. Like bitcoin, Ethereum, Cardano, chainlink, and many more. Every cryptocurrency has its market value. But, bitcoin is the biggest digital currency. That covers the largest market capitalization. So, it is good to say that bitcoin is not one of the best digital currencies. It is the top best cryptocurrency in the digital world.
I research too much to get the result of the best cryptocurrency. That’s why I say without any problem bitcoin is the best. But, for you, I provide the top cryptocurrencies performance. That can help you to understand why bitcoin is best and why number one.
Latest And Updated Cryptocurrency News
- “Most of the top cryptocurrencies (as measured by market cap) continued to fall over the weekend following a tumultuous week.”
- “IAC chairman and veteran investor Barry Diller told CNBC that he doesn’t trust cryptocurrencies and he believes that these digital assets are a con.”
- The U.S. Treasury Department said it is moving to crack down on crypto markets and transactions. Any transfer worth $10,000 or more will need to be reported to the IRS”.
- “The Federal Reserve will this summer take initial steps towards developing its digital currency”.
- “China barred financial institutions from conducting cryptocurrency transactions”.
What Is The Top Cryptocurrency By Value?
There are many cryptocurrencies in the market. So, it is a little bit difficult to see what is top cryptocurrency is. The first approach is to check the market capitalization. And the second is to check the dollar value of company shares of stock. But according to market share or market capitalization, it is difficult to judge bitcoin and Ethereum. Because these two currencies are in most of the competition.
That’s why I provide you another approach to watch what is best. You need to look at the price of individual cryptocurrency shares. And also check coins, it helps you to compare the performance of cryptocurrency. But, this approach is always not doing so well. But, you need to continuously watch the market cap. That can provide you the look to the top cryptocurrency by its performance.
To make your job easier I list the top cryptocurrencies below. After reading about its performance you will understand many things. I adjust these currencies according to my knowledge level.
Bitcoin
Bitcoin Market Cap: $684 billion
Bitcoin Value: $36590
About Bitcoin
Bitcoin is a blue-chip cryptocurrency that was invented in 2008. It covers the largest market cap. And has the highest coin value. And also the outstanding network of users.
Bitcoin is created by an unknown group that is called Satoshi Nakamoto. At the time bitcoin was created, it was considered the future currency. But today, you can buy many goods and services by using bitcoins. Bitcoin can be used as a payment method. Because the process of bitcoin transactions is pretty easy. It attracts bitcoin investors by releasing 21 million. This thing makes bitcoin profit inflation-proof.
Bitcoin Performance History
Year: 2012 Bitcoin Price: $5.27
Year: 2013 Bitcoin Price: $13.30
Year: 2014 Bitcoin Price: $770.44
Year: 2015 Bitcoin Price: $313.92
Year: 2016 Bitcoin Price: $434.46
Year: 2017 Bitcoin Price: $997.69
Year: 2018 Bitcoin Price: $13,412.44
Year: 2019 Bitcoin Price: $3869.47
Year: 2020 Bitcoin Price: $7,188.46
Year: 2021 Bitcoin Price: $29,391.78
How to Buy Bitcoin
You can purchase bitcoins on any crypto exchange. Like Coinbase, Binance, or Kraken. But bitcoin also provides a facility to buy this currency by using bitcoin ATMs. So, there are many methods to buy bitcoin. You can also buy bitcoin by using a credit or debit card.
Ethereum
Ethereum Market Cap: $264 billion
Ether Value: $2,286
About Ethereum
The second-best cryptocurrency in the world is Ethereum. But it is not a straight-up currency like bitcoin. Ethereum uses its unique technology and coins. The Ethereum currency is called Ether. It is used in different applications to run on the Ethereum platform.
Ethereum is the best smart contract platform. You can say that it is the leading platform in the world of smart contracts. Bitcoin is just created as a currency. But Ethereum has broader ambition. Ethereum was founded by Vitalik Buterin in 2015. It can use different programs or apps to decentralize its blockchain. Ehtereum uses the latest technology and provides financial support to gaming. So, it becomes a very interesting investment platform.
Ethereum releases its new version at different times. Some people say Ethereum 2.0 will be more environmentally friendly than the current model.
Ethereum Performance History
Year: 2015 Bitcoin Price: $0.96
Year: 2016 Bitcoin Price: $8.01
Year: 2017 Bitcoin Price: $719.83
Year: 2018 Bitcoin Price: $131.37
Year: 2019 Bitcoin Price: $132.07
Year: 2020 Bitcoin Price: $746.06
Year: 2021 Bitcoin Price: $2,744.52
Tether
Tether Market Cap: #59.8 billion
Tether value: $1
About Tether
Tether is a unique cryptocurrency that can achieve a leader level in sable coins. Tether pegged to traditional currency, so it becomes its stable reason. It provides its investors with open blockchain technology and traditional currency. Tether was launched in 2015 on the Ethereum platform. Tether provides greater transparency.
Tether Performance History
As I said, the tether is a stable coin cryptocurrency. So, the value of tether is always the same.
1 Tether = 1 USD
How to Buy Tether?
You can buy, sell tether cryptocurrency on different crypto exchange sites. Like Coinbase, Binance, Kraken, and many others.
Cardano
Cardano Market Cap: $46.8 billion
Cardano Value: $1.46
About Cardano
Cardano is a contender cryptocurrency that is founded in 2017. It provides a blockchain platform. That supports different applications, systems. and real-life business use cases. Cardano is the first blockchain platform that uses scientific philosophy and a research-first-driven approach. The Cardano cryptocurrency founder team consist of expert engineers and researcher.
Cardano Performance History
Year: 2017 Bitcoin Price: $0.10
Year: 2021 Bitcoin Price: $2
How to Buy Cardano?
Cardano is a type of cryptocurrency. So, like the other cryptocurrency, you can buy Cardano by using crypto exchanges. Like Coinbase, Binance, Kraken, and many more.
Conclusion
From this article, I hope you will understand what is the best digital currency in the world. I provide you the top 4 currencies that are best by their performance, But it is no rule you cannot check any other currency’s performance. I provide you the performance comparison level to check other cryptocurrencies. You can check it yourself. But, I am hundred percent sure you only found bitcoin as currency in the digital world. I hope this article is helpful for you and easy to understand. If you have any queries about this topic, please ask them in the comment section.
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