Title: Invest in these 7 crypto currencies right now
1INVEST IN THESE 5 CRYPTO CURRENCIES RIGHT NOW
2In January 2009, the first bitcoin was mined.
Since then, bitcoin has been the dominant
currency on the market. As of April 2021, Bitcoin
accounted for more than 45 of the total market
capitalization, with a price of over 60,000 per
unit. In fact, Bitcoin accounted for 70 of the
cryptocurrency market earlier this year,
suggesting other cryptocurrencies have the
potential to grow. Blockchain consultant and
advisor Garrette Furo is a blockchain consultant
and advisor working with Cosmos Network
Dogecoin was created as a lighthearted
cryptocurrency based on the popular internet meme
of a Shiba Inu dog. A leading crypto ATM
provider, CoinFlip, says that the year of DOGE is
21. By market capitalization, XRP has grown more
than 13,000 this year, making it the
fourth-largest cryptocurrency. Early May saw its
price peak at more than 70 cents, but it has
since dropped. As a result of its greater
circulation, the price of Dogecoin remains below
1. There are 129 billion Dogecoins in
circulation today with new blocks being mined
each year. Whereas Bitcoin has a limit of 21
million coins, there are already 129 billion
Dogecoins.
The decentralization of currency is one of the
main philosophies behind cryptocurrencies. Rather
than decentralizing money, Ethereum wants to
create "one computer for the entire world," by
replacing servers with a global network of nodes
based on blockchain technology. Ethereum is a
software platform for interacting with
cryptocurrency, ether. With a market
capitalization of more than 400 billion,
Ethereum is one of the most popular
cryptocurrencies in the world.
In Bitcoin and other cryptocurrencies,
information about crypto transactions is stored
in "blocks" of data, each of which can contain a
megabyte of information. This caused bitcoin
transactions to slow down and transaction fees to
rise as the currency became more popular. There
are some Bitcoin developers who have proposed a
solution that would decrease the amount of
information needed in each block, but others
believe this would compromise the
cryptocurrency's integrity also, so they created
Bitcoin Cash, their own version of the
cryptocurrency.
Over the past three to four years, Cosmos has
accomplished what Furo calls the most ambitious
road map in the crypto space. "The Cosmos Hub
enables sovereign, independent Cosmos Hub allows
blockchains to exchange assets through Inter
Blockchain Communication, or IBC. The Cosmos Hub
has now secured over 120 billion in digital
assets and has a very small carbon footprint when
compared to other networks..