The 10 Most Valuable Cryptocurrencies
Nowadays, anyone can easily trade cryptocurrencies and while not long ago Bitcoin was the default digital asset to trade, a few other cryptos are emerging as equally exciting alternatives for 2021. Some of these new cryptocurrencies even perform better than the legendary BTC. So let’s look at the ten most valuable in the world.
Speed is a major factor in the popularity of a cryptocurrency. Ripple started with the advantage of being super-fast. Transactions take only four seconds, so Ripple is one of the most valuable bitcoins on the market. Ripple uses a token system called XRP. With it you can make transactions using dollars, euros and even other cryptocurrencies.
After the success of Bitcoin, a cryptocurrency called Litecoin appeared. It applies the same principles as Bitcoin, where the blockchain is used to confirm transactions. The advantage of Litecoin is that it is faster than Bitcoin in processing a single transaction. Its security is maintained by providing complex algorithms to customers. Litecoin is also preferred by many corporate clients and companies. It is also advancing in functionality, so more and more customers are using the valuable cryptocurrency. With over 80 million worldwide, Litecoin is showing steady progress in its popularity.
Ethereum has its own currency, which is called Ether. This is one of the most valuable cryptocurrencies in the world. Ethereum also uses a blockchain system and executes code every time a user makes a transaction. This code is updated in the Ethereum blockchain only when approved by other users.
This excludes any kind of participation in a third party transaction. Ethereum is also fast, which is why it is valuable. Consumer protection features are excellent and therefore it occupies a top position among cryptocurrencies.
Bitcoin Cash (BCH)
Although Bitcoin is the world’s first cryptocurrency and a very valuable asset, some users believe that it is slower than emerging cryptocurrencies. This forced bitcoin to renew itself. Its newer version is called Bitcoin Cash. Here the speed of transactions is increased to 8 megabytes.