Top 10 cryptocurrency 2021

In ancient times, there wasn’t a currency system. They used simple exchanging methods. As an example, you have a paddy field so you can grow and take vegetables, serials, fruits, and more. I haven’t a paddy field but I have a workshop because I am a blacksmith. I can make hoes, axes, sickles, and more. As a farmer, you need that equipment. At that time we can exchange our goods to fulfill our requirements. But that method has lots of issues. The difference of requirements, the problem of the value of exchanging items, and storage problems are some of them. The money came as a solution for these problems.

After the technological evolution factories were built, banking facilities grew up, product production speed increased, people were so busier so time was more valuable than money. On the other hand, open economic systems and the internet spread around the world so people need a digital system to transfer money. A solution for this problem became a digital and internet-based transfection system. Online banking, online shopping, E-commerce made as a result of that trend.

In addition to those things, by this time many people were inclined to invest money. Some people did this as trading. Somehow that business developed quickly. Trading business and market arose. There was a profitable industry but the unstable situation and currency vary between countries were occurred as the major problem. Meanwhile, cryptocurrencies came to the fore. They could solve those problems.

What is Cryptocurrency?

Cryptocurrency is a digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by a centralized authority.

It can explain simply as a type of currency that uses digital files as money. Usually, the files are created using the same methods as cryptography. Cryptocurrencies haven’t a physical existence. It has only a value. That value is the same around that world. It is not usually issued by a central authority. When activated with decentralized control, every cryptocurrency operates through distributed ledger technology, usually a blockchain and serves as a public financial transaction database. Cryptocurrencies generally use more decentralized control over centralized digital money and central banking systems so that the currency system has strong protection. In addition to that, all the people can access those currencies.

History of Cryptocurrency

In 1983, an American cryptographer (a specialist in cryptography: such as a clerk who enciphers and deciphers messages.) David Chaum compiled anonymous cryptocurrency electronic money called “E-cash” .a specialist in cryptography: such as a clerk who enciphers and deciphers messages. That was the birth of cryptocurrency. After 12 years, In 1995 he activated it through "Digicash".

In 1996, the National Security Agency published a paper entitled Cryptocurrency, a cryptocurrency of anonymous electronic money. That was the first attempt to describe a Cryptocurrency system.

In 1998, Wei Dai described an electronic anonymous currency variable that calls as “B-Money”. After a short time, Nick Szabo described an anonymous currency that calls as “Bit Gold”

The first decentralized cryptocurrency, Bitcoin was created in 2009 by presumably pseudonymous developer Satoshi Nakamoto. It used SHA-256 which is a cryptographic hash function. After that creation, he developed it until December 2010 That currency was the evolution of that industry.

Are cryptocurrencies a

good investment?

All investments (such as Share market investment, Business investment, and more) have two sides. All of us like get a profit but as well as some times we get lost. That situation is the same through the investment of cryptocurrency. In addition to that cryptocurrency has advantages and disadvantages those things are a specialty for cryptocurrencies.

Advantages :

Protection from inflation
Self-governed and managed
Secure and private
Currency exchanges can be done easily
Decentralized
Cost-effective mode of transaction
A fast way to transfer funds

Disadvantages :

Can be used for illegal transactions
Data losses can cause financial losses
Decentralized but still operated by some organization
Some coins not available in other fiat currencies
Adverse Effects of mining on the environment
Susceptible to hacks
No refund or cancellation policy

I can explain those things only. You can choose your way. But I can say one thing, If you prefer to invest in cryptocurrency, you should get a clear idea about your choice after investment.

More details: https://www.geeksforgeeks.org/advantages-and-disadvantages-of-cryptocurrency-in-2020/

How do I buy

Cryptocurrency?

Some cryptocurrencies, including Bitcoin, are available for purchase with U.S. dollars but if you already have Bitcoin or another, you can use them for other cryptocurrencies.

In addition to that, you need another two things definitely. The first thing is a Wallet. That is an online app. You’ll need this wallet to hold your currency. Coinbase Wallet, Exodus, MyEtherWallet, StakedWallet.io. , BitGo Cryptocurrency Wallet, Jaxx, Electrum Wallet and Bitcoin Core Client are some of them.

Then you need an account of an exchange or an online cryptocurrency broker. Then you can transfer real money to buy cryptocurrencies such as Bitcoin, Litecoin, or other. The number of online brokers offers cryptocurrencies. Including:

Coinbase -Access to buy and sell more than 30 cryptocurrencies.
eToro -The trading platform with access to 15 cryptocurrencies.
Robinhood- Seven cryptocurrencies including Bitcoin, Bitcoin Cash and Ethereum.
SoFi Active Investing- Offers three cryptocurrencies for trading: Bitcoin, Ethereum and Litecoin.
TradeStation- Offers trading for five cryptocurrencies, including Bitcoin, Bitcoin Cash, and Ethereum.

Some trading exchange has both things that you need. Coinbase is one popular cryptocurrency trading exchange where you can create both a wallet and buy and sell Bitcoin and other cryptocurrencies.

How to choose a

best cryptocurrency to invest

More than 6,700 different cryptocurrencies are traded publicly, according to CoinMarketCap.com, a market research website. And cryptocurrencies continue to proliferate, raising money through initial coin offerings, or ICOs.

You already decided to invest in a cryptocurrency but you haven’t an idea what is the best crypto for your investment. Don’t afraid, I can help you.

The main things are the Community and Fundamental Analysis. The Community represents the future of a coin so look for cryptocurrencies with strong communities and loyal followers because it shows that people have a genuine interest and trust in cryptocurrency. Fundamental analysis will help you make better investment decisions. And in a market where most people are chasing after low-quality altcoins, fundamental analysis allows you to separate the wheat from the chaff.

Then you need the normal idea about the current price of the cryptocurrency. Then you can measure the market capitalization or market cap of the coin. The term market capitalization (or market cap) refers to a metric that measures the relative size of a cryptocurrency. It is calculated by multiplying the current market price of a particular coin or token with the total number of coins in circulation.

Market Cap = Current Price x Circulating Supply Fundamental Analysis

After you choose the highest or high market cap coin(that depends on your economy) as your choice. That is the way.

Top 10 cryptocurrency 2021

These rankings are Forex rankings on 15th February 2021. It measures according to the market cap.

Bitcoin

Founder- Satoshi Nakamoto

Price(USD)- 48 776.97
Market cap(USD)- 908 650 932 833
Last 24 Hours fluctuation- 4.10%
Last 7 Days fluctuation – 27.27%

Ethereum

Founder- Vitalik Buterin
Price(USD)- 1 807.48
Market cap(USD)- 207 263 038 585 Last 24 Hours fluctuation- 0.16%
Last 7 Days fluctuation – 14.19%

Tether

Founder- Brock Pierce, Reeve Collins, and Craig Sellars as a Santa Monica based startup

Price(USD)- 1.00
Market cap(USD)- 32 016 279 782
Last 24 Hours fluctuation- -0.02%
Last 7 Days fluctuation – -0.06%

XRP

Founder- Chris Larsen
Price(USD)- 0.59
Market cap(USD)- 26 893 307 566
Last 24 Hours fluctuation- -3.54%
Last 7 Days fluctuation – 42.73%

Cardano

Founder- Charles Hoskinson

Price(USD)- 0.85
Market cap(USD)- 26 332 542 707
Last 24 Hours fluctuation- -3.35%
Last 7 Days fluctuation –35.51%

Polkadot

Founder- Gavin Wood

Price(USD)- 27.26
Market cap(USD)- 24 754 202 555
Last 24 Hours fluctuation- -2.13%
Last 7 Days fluctuation – 39.59%

Binance Coin

Founder- Changpeng Zhao

Price(USD)- 134.35
Market cap(USD)- 20 761 639 718
Last 24 Hours fluctuation- 1.47%
Last 7 Days fluctuation – 97.73%

Litecoin

Founder- Charlie Lee

Price(USD)- 213.81
Market cap(USD)- 14 215 399 975
Last 24 Hours fluctuation- -0.86%
Last 7 Days fluctuation –42.83%

Chainlink

Founder- Sergey Nazarov

Price(USD)- 33.11
Market cap(USD)- 13 474 605 339
Last 24 Hours fluctuation- 6.56%
Last 7 Days fluctuation – 35.66%

Bitcoin Cash

Founder- Satoshi Nakamoto

Price(USD)- 683.78
Market cap(USD)- 12 756 119 952
Last 24 Hours fluctuation- 8.13%
Last 7 Days fluctuation – 53.80%

What is cryptocurrency trading?

The Internet offers us a lot of possibilities to work online and with the emergence of blockchain, the list of possible sources of income has increased. The biggest part of remote earning comes from cryptocurrency trading.

Cryptocurrency trading is the act of speculating on cryptocurrency price movements via a CFD trading account, or buying and selling the underlying coins via an exchange.

Cryptocurrency trading is one of the main sources of getting profit from cryptocurrency. This type of online trading is almost the same as stocks, currencies, or commodities trading. The main task is to buy when the price is low and to sell when it is higher. There are lots of cryptocurrency trading companies, Some of them are:

TradeStation - Best Trading Platform
Coinbase - Best Crypto Exchange
eToro - Low Fees
Kraken - Maker-Taker Fee Schedule
Bittrex - Most Altcoins
Gemini - Offers Gemini Dollar
Robinhood - Best Mobile App

What is Cryptocurrency

mining?

The term crypto mining means gaining cryptocurrencies by solving cryptographic equations through the use of computers. This process involves validating data blocks and adding transaction records to a public record (ledger) is known as a blockchain.

Cryptocurrency mining is painstaking, costly, and only sporadically rewarding. Nonetheless, mining has a magnetic appeal for many investors interested in cryptocurrency because of the fact that miners are rewarded for their work with crypto tokens.

There are lots of sites for mining crypto. They mainly used bitcoin for their mining. Some of them are :

Pooling- a public pool based in China, mines about 13% of all blocks
F2pool- based in China mines about 19% of all blocks
BTC.com- a public mining pool mines 1.5% of all block
Antpool- a mining pool based in China and owned by BitMainmines about 11% of all blocks
ViaBTC- targeted towards Chinese miners and mines about 8% of all blocks
1THash & 58coin- a Chinese pool, mine about 6% of the blocks
Slush- the first mining pool and currently mines about 11% of all blocks
BTC.top- a private Chinese mining pool, mines about 2.7% of all blocks
Bitfury- a private pool, mines about 3.5% of all blocks

If you need to study more things, try these books. I think that it will be a help for your choice.