Cryptocurrency adoption has seen a huge surge as more and more people are turning their focus towards it. But the main concern for the investors is to choose the best out of so many. There are hundreds and thousands of options and which is the best one is still a concern. Currently, more and more investors are choosing Bitcoin and Ethereum because these two are the best out of many and safe for long-term growth.
Here’s the list of top three cryptocurrency and stories behind them. You can choose whatever suits you best.
Bitcoin which has gained recognition in 2008 is the blue-chip cryptocurrency with a market cap of $1.01 trillion at the time of writing. The unknown person discovered this cryptocurrency and later emerged with the name Satoshi Nakamoto. If we look at its performance, like all cryptos, Bitcoin step foot in the cryptocurrency market with the value of almost nothing.
In 2017 it blasts off from under $1,000 to around $20,000, but within a year was set down over $4,000. In late 2020 it started soaring again, this time from approximately $10,000 to the $50,000-plus orbit it’s in today. If you decided to buy it you can be bought on crypto exchanges such as Coinbase, Binance, and Robinhood.
The second-largest cryptocurrency is Ethereum which has recently set a new record of success by reaching $3,000 on Monday. Ethereum currency is termed ether. It was created by Vitalik Buterin in 2015 with larger and wider objectives. The blockchain it’s running on is programmable, which means that it could execute programs, or apps, in a decentralized manner, i.e., on lots of computers at the same time.
It has recorded a market capitalization of $384 billion at the time of writing. During the past year, the price of Ethereum has skyrocketed from approximately $200 to around $2,000. It was trading as soaring as $3,300 at the time of writing. You can buy it on major crypto exchanges, Robinhood, and PayPal.
Last but not least is BinanceCoin which has also gained recognition as the third-largest cryptocurrency with a market cap of $95.7 billion at the time of writing. It was discovered in 2017 by the Binance Cryptocurrency exchange. During its ICO, it dumped 100 million coins to the public at $0.15 per coin. It was trading in the $620 range as of early in May. The best place to purchase, sell, trade, and keep BinanceCoin is Binance.