Bitcoin
BTC$57 317.30

6.05%

Ethereum
ETH$4 329.98

7.71%

Binance Coin
BNB$609.13

5.53%

Tether
USDT$1.000821

-0.05%

Solana
SOL$201.89

8.26%

Cardano
ADA$1.59

7.07%

Which Crypto currency can you realistically trade online?


15 May 2018

#Ethereum

The financial crisis led to the worldwide distrust in the financial system. To help solve this problem, an anonymous person – or group – known as Satoshi Nakamoto published a paper on a decentralized currency. According to the paper, the currency would not be issued by a central bank. It would also be used worldwide, removing the barriers of the fiat currencies. The currency was known as bitcoin. 

In 2008, the global financial system fell, ending eight years of a continuous bull run. The sudden reversal came after the bubble in housing prices burst. Before the bubble, investment banks created complex financial products known as Mortgage Backed Securities (MBS) and Collateralized Debt Obligations (CDOs). In this, the banks gave loans to anyone that came calling to finance the spending on housing. Most of the people they gave money to were not able to pay the money back. As a result, major banks such as Lehman Brothers and Bear Sterns failed with the former going bankrupt. Bear Sterns was acquired for less than $10 a share.

Welcome cryptocurrencies:


The financial crisis led to the worldwide distrust in the financial system. To help solve this problem, an anonymous person – or group – known as Satoshi Nakamoto published a paper on a decentralized currency. According to the paper, the currency would not be issued by a central bank. It would also be used worldwide, removing the barriers of the fiat currencies. The currency was known as bitcoin.

When it was launched, bitcoin found its early success in the dark web. These are sites where people go to buy illicit items like drugs and guns. With bitcoin, it was impossible to track the people who bought the products. At the time, one bitcoin was equal to less than a dollar. Today, one bitcoin is worth more than $8,000.

The launch of bitcoin led to the formation of other cryptocurrencies.

Where to trade cryptocurrency?


Today, there are more than 1,800 cryptocurrencies, which have a combined market capitalization of more than $390 billion. To put this into perspective, the cryptocurrencies are worth more than General Electric, IBM, and NVIDIA combined. Bitcoin has a market cap of more than $143 billion.

With the cryptocurrencies industry being little regulated, chances are that most of these currencies have no long-term value. In cryptocurrency trading, you should consider the following currencies.

Bitcoin is without a doubt the top cryptocurrency right now in terms of worldwide awareness. It has become synonymous with the entire blockchain industry. Bitcoin has a market capitalization of more than $140 billion. At this size, the currency has a similar valuation to IBM and Snapchat combined. With its scale, you can trade bitcoin in any bitcoin exchange or in traditional brokers that offer its futures.

Ethereum is the second largest cryptocurrency with a market valuation of $70 billion. It is currently trading at $705. Ethereum is different from bitcoin in that, while bitcoin is a currency, ethereum provides a decentralized system that allows app developers to offer smart contracts. It is a very popular currency that was recently given the best ratings by Weiss Ratings.

Ripple is another currency you can try. It is also different to ethereum and bitcoin. Its technology is useful in the remittance industry. It is now being tested by major remittance companies like Western Union and MoneyGram to reduce the time and cost of remittances. Ripple has a market valuation of $28 billion.

Bitcoin Cash was formed from bitcoin last year through a process of forking. In this, software developers created a similar code to bitcoin and allowed people to mine a similar currency, which was called bitcoin cash. Today, bitcoin cash has a market valuation of $23.5 billion and is considered the best alternative to bitcoin.

While these are the most recommended cryptocurrencies, you can also give other new and upcoming cryptos a chance. These are Cardano, EOS, Stellar, TRON, and Monero. However, you need to be very careful because very little is known about these currencies.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 74.8% 42 $57 317.30 6.05% 0.30% $1 082 493 482 173 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82% 32 $4 329.98 7.71% 4.10% $513 241 890 424 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 73.6% 53 $609.13 5.53% 7.08% $101 603 589 194 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000821 -0.05% 0.02% $73 181 280 297 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 69.6% 65 $201.89 8.26% -7.12% $61 384 548 102 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 70.8% 60 $1.59 7.07% -11.22% $52 994 241 732 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 72.4% 51 $0.977796 7.55% -5.78% $46 111 849 720 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 92.8% 2 $1.000263 -0.02% 0.06% $38 400 714 618 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 64.4% 75 $36.34 10.39% -9.36% $35 892 371 416 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 63.2% 74 $0.205075 3.31% -7.25% $27 132 327 967 DOGE 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 64.8% 75 $113.04 7.34% -14.94% $25 302 145 754 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64% 77 $0.000040 5.31% -9.51% $21 695 676 622 SHIB 7 days price change
13 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 58.8% 90 $0.763021 5.29% 12.83% $19 276 211 216 CRO 7 days price change
14 Terra (LUNA) LUNA Terra predictions 65.2% 72 $48.97 15.39% 19.64% $19 240 048 048 LUNA 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 75.2% 46 $56 434.66 5.79% -0.91% $14 304 839 863 WBTC 7 days price change

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