CRYPTO BUSINESS: 9 Promising Cryptocurrencies To Watch Out For In 2021

Cryptocurrency Business

This information I'm sharing today is meant strictly for educational/knowledge acquiring purposes.
I therefore, make no warrantee or representation with respect to the accuracy, applicability, fitness and completeness of this article. 
That is, your applicability of the online money making ideas on this platform means you are taking full responsibility for your actions.

Advisably, i will say before you start doing  or investing in any cryptocurrency please kindly do your thorough research.
See here 7 things you must consider before investing in any online business
The credibility of the information written here is guaranteed from these sources: Binance.com, coinmarketcap.com and Quora.com


What Are Cryptocurrencies?

Before we take a closer look at some of these promising cryptocurrencies, let’s step back and briefly examine what we mean by terms like cryptocurrency. 

According to Investopedia,  A cryptocurrency is a digital or virtual currency that is secured by cryptography, which makes it nearly impossible to counterfeit or double-spend. Many cryptocurrencies are decentralized networks based on blockchain technology—a distributed ledger enforced by a disparate network of computers. 

A cryptocurrency, broadly defined, is virtual or digital money which takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.

The “crypto” in cryptocurrencies refers to complicated cryptography which allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called “mining”) and other controls.

Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular this foundational aspect of the industry has come under fire. The currencies modeled after bitcoin are collectively called altcoins and have often tried to present themselves as modified or improved versions of bitcoin. While some of these currencies are easier to mine than bitcoin, there are tradeoffs, including greater risk brought on by lower levels of liquidity, acceptance and value retention.

Below, we’ll examine some of the most important digital currencies other than bitcoin. First, though, a caveat: it is impossible for a list like this to be entirely comprehensive. One reason for this is the fact that there are more than 2,000 cryptocurrencies in existence as of January 2020, and many of those tokens and coins enjoy immense popularity among a dedicated (if small, in some cases) community of backers and investors.


1. Bitcoin

Bitcoin price today is $26,899.41 USD with a 24-hour trading volume of $66,503,516,153 USD. Bitcoin is up 4.11% in the last 24 hours. The current CoinMarketCap ranking is #1, with a market cap of $499,863,396,261 USD. It has a circulating supply of 18,582,693 BTC coins and a max. supply of 21,000,000 BTC coins. The top exchanges for trading in Bitcoin are currently Binance, Huobi Global, EtherFlyer, Binance.KR, and OKEx. You can find others listed on our crypto exchanges page.

What Is Bitcoin (BTC)?

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.

Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”

Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

What Makes Bitcoin Unique?

Bitcoin’s most unique advantage comes from the fact that it was the very first cryptocurrency to appear on the market.

It has managed to create a global community and give birth to an entirely new industry of millions of enthusiasts who create, invest in, trade and use Bitcoin and other cryptocurrencies in their everyday lives. The emergence of the first cryptocurrency has created a conceptual and technological basis that subsequently inspired the development of thousands of competing projects.

The entire cryptocurrency market — now worth more than $300 billion — is based on the idea realized by Bitcoin: money that can be sent and received by anyone, anywhere in the world without reliance on trusted intermediaries, such as banks and financial services companies.

Thanks to its pioneering nature, BTC remains at the top of this energetic market after over a decade of existence. Even after Bitcoin has lost its undisputed dominance, it remains the largest cryptocurrency, with a market capitalization that fluctuated between $100-$200 billion in 2020, owing in large part to the ubiquitousness of platforms that provide use-cases for BTC: wallets, exchanges, payment services, online games and more.

Buy Bitcoin and Trade It at BINANCE

2. Ethereum (ETH)

The first bitcoin alternative on our list, Ethereum is a decentralized software platform that enables Smart Contracts and Decentralized Applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party. The applications on Ethereum are run on its platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on the Ethereum platform and is sought by mostly developers looking to develop and run applications inside Ethereum, or now by investors looking to make purchases of other digital currencies using ether.1 Ether, launched in 2015, is currently the second-largest digital currency by market cap after bitcoin, although it lags behind the dominant cryptocurrency by a significant margin. As of January 2020, ether's market cap is roughly 1/10 the size of bitcoin's.

What Makes Ethereum Unique?

Ethereum has pioneered the concept of a blockchain smart contract platform. Smart contracts are computer programs that automatically execute the actions necessary to fulfill an agreement between several parties on the internet. They were designed to reduce the need for trusted intermediates between contractors, thus reducing transaction costs while also increasing transaction reliability.

Ethereum’s principal innovation was designing a platform that allowed it to execute smart contracts using the blockchain, which further reinforces the already existing benefits of smart contract technology. Ethereum’s blockchain was designed, according to co-founder Gavin Wood, as a sort of “one computer for the entire planet,” theoretically able to make any program more robust, censorship-resistant and less prone to fraud by running it on a globally distributed network of public nodes.

In addition to smart contracts, Ethereum’s blockchain is able to host other cryptocurrencies, called “tokens,” through the use of its ERC-20 compatibility standard. In fact, this has been the most common use for the ETH platform so far: to date, more than 280,000 ERC-20-compliant tokens have been launched. Over 40 of these make the top-100 cryptocurrencies by market capitalization, for example, USDT, LINK and BNB.

During 2014, Ethereum launched a pre-sale for ether which received an overwhelming response; this helped to usher in the age of the initial coin offering (ICO). According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.”2 Following the attack on the DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC).3 As of Jan. 8, 2020, Ethereum (ETH) had a market cap of $15.6 billion and a per-token value of $142.54.4. 

Buy and trade Etherium at BINANCE

SOURCE: https://coinmarketcap.com/currencies/ethereum/


ADS:

Have you heard of Paidviewpoint? It is an online survey platform with $1-$3 per survey and with a bogus refferal bonus of $25 per lead. Visit the HERE

YSENSE: A cool place to make some easy quick survey cash with $3 sign up bonus. Visit Them Here

3. Ripple (XRP)

XRP price today is $0.294816 USD with a 24-hour trading volume of $9,548,546,861 USD. XRP is down 4.13% in the last 24 hours. The current CoinMarketCap ranking is #4, with a market cap of $13,385,843,184 USD. It has a circulating supply of 45,404,028,640 XRP coins and a max. supply of 100,000,000,000 XRP coins. The top exchanges for trading in XRP are currently Binance, Huobi Global, Binance.KR, OKEx, and Bybit. You can find others listed on our crypto exchanges page.

What Is XRP?

To begin with, it’s important to understand the difference between XRP, Ripple and RippleNet. XRP is the currency that runs on a digital payment platform called RippleNet, which is on top of a distributed ledger database called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

Ripple is a real-time global settlement network that offers instant, certain and low-cost international payments. Launched in 2012, Ripple “enables banks to settle cross-border payments in real-time, with end-to-end transparency, and at lower costs.”5 Ripple’s consensus ledger (its method of conformation) is unique in that it doesn’t require mining. Indeed, all of Ripple's XRP tokens were "pre-mined" before launch, meaning that there is no "creation" of XRP over time, only the introduction and removal of XRP from the market supply according to the network's guidelines. In this way, Ripple sets itself apart from bitcoin and many other altcoins. Since Ripple’s structure doesn't require mining, it reduces the usage of computing power and minimizes network latency.6

How Does XRP Work?

XRP was created by Ripple to be a speedy, less costly and more scalable alternative to both other digital assets and existing monetary payment platforms like SWIFT.

RippleNet’s ledger is maintained by the global XRP Community, with Ripple the company as an active member. The XRP Ledger processes transactions roughly every 3-5 seconds, or whenever independent validator nodes come to a consensus on both the order and validity of XRP transactions — as opposed to proof-of-work mining like Bitcoin (BTC). Anyone can be a Ripple validator, and the list is currently made up of Ripple along with universities, financial institutions and others.

Buy Ripple BINANCE

SOURCE: https://coinmarketcap.com/currencies/xrp/

4. Litecoin (LTC)

Litecoin, launched in 2011, was among the first cryptocurrencies to follow in the footsteps of bitcoin and has often been referred to as “silver to bitcoin’s gold.” It was created by Charlie Lee, an MIT graduate and former Google engineer. Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses "scrypt" as a proof of work, which can be decoded with the help of CPUs of consumer-grade. Although Litecoin is like bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation time.8 Other than developers, there are a growing number of merchants who accept Litecoin. As of Jan. 8, 2020, Litecoin had a market cap of $3.0 billion and a per-token value of $46.92, making it the sixth-largest cryptocurrency in the world.9

About Litecoin

Litecoin price today is $132.46 USD with a 24-hour trading volume of $13,118,824,452 USD. Litecoin is up 10.29% in the last 24 hours. The current CoinMarketCap ranking is #5, with a market cap of $8,765,648,351 USD. It has a circulating supply of 66,174,774 LTC coins and a max. supply of 84,000,000 LTC coins. The top exchanges for trading in Litecoin are currently Binance, Huobi Global, HBTC, Dsdaq, and Hydax Exchange. You can find others listed on our crypto exchanges page.

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011.

Lee's intention behind Litecoin was to create a "lite version of Bitcoin," and its developers have always stated that Litecoin can be seen as the "silver" to Bitcoin's "gold." Litecoin differs from Bitcoin in its prioritization of transaction confirmation speed, which is about 2.5 minutes per block. However, Litecoin users may have to wait up to around 30 minutes for their transaction to be processed due to network congestion.

Litecoin is accepted at a variety of merchants, you can see an updated list on the Litecoin Foundation's website.

In the beginning, Litecoin block rewards were 50 Litecoin, but the block reward was halved in 2015 to 25, and will continue to halve until its hard cap of 84 million Litecoin is reached.

Visit Binance to buy and learn more Litecoin 


Win A Free Solo Ad Today. 

State of the Art mailer

5. Tether (USDT)

About Tether

Tether price today is $0.999289 USD with a 24-hour trading volume of $66,606,172,168 USD. Tether is down 0.02% in the last 24 hours. The current CoinMarketCap ranking is #3, with a market cap of $20,699,434,091 USD. It has a circulating supply of 20,714,166,934 USDT coins and the max. supply is not available. The top exchanges for trading in Tether are currently Binance, Huobi Global, HBTC, Hydax Exchange, and Binance.KR. You can find others listed on our crypto exchanges page.

What Is Tether (USDT)?

USDT is a stablecoin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of dollars in reserves that is equal to the number of USDT in circulation.

Originally launched in July 2014 as Realcoin, a second-layer cryptocurrency token built on top of Bitcoin’s blockchain through the use of the Omni platform, it was later renamed to USTether, and then, finally, to USDT. In addition to Bitcoin’s, USDT was later updated to work on the Ethereum, EOS, Tron, Algorand, and OMG blockchains.

The stated purpose of USDT is to combine the unrestricted nature of cryptocurrencies — which can be sent between users without a trusted third-party intermediary — with the stable value of the US dollar.

What Makes Tether Unique?

USDT’s unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S. dollar. According to Tether, whenever it issues new USDT tokens, it allocates the same amount of USD to its reserves, thus ensuring that USDT is fully backed by cash and cash equivalents.

The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10-20% within a single day, making them unreliable as a store of value. USDT, on the other hand, is protected from these fluctuations.

This property makes USDT a safe haven for crypto investors: during periods of high volatility, they can park their portfolios in Tether without having to completely cash out into USD. In addition, USDT provides a simple way to transact a U.S. dollar equivalent between regions, countries and even continents via blockchain — without having to rely on a slow and expensive intermediary, like a bank or a financial services provider.

However, over the years, there have been a number of controversies regarding the validity of Tether’s claims about their USD reserves, at times disrupting USDT’s price, which went down as low as $0.88 at one point in its history. Many have raised concerns about the fact that Tether’s reserves have never been fully audited by an independent third party.

Visit Binance to buy and learn more about tether. 

6. Bitcoin Cash (BCH)

Bitcoin Cash (BCH) holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original bitcoin. In the cryptocurrency world, a fork takes place as the result of debates and arguments between developers and miners. Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency.

When different factions can’t come to an agreement, sometimes the digital currency is split, with the original remaining true to its original code and the other copy beginning life as a new version of the prior coin, complete with changes to its code. BCH began its life in August of 2017 as a result of one of these splits. The debate which led to the creation of BCH had to do with the issue of scalability; the Bitcoin network has a strict limit on the size of blocks: one megabyte (MB). BCH increases the block size from one MB to eight MB, with the idea being that larger blocks will allow for faster transaction times.12 It also makes other changes, too, including the removal of the Segregated Witness protocol which impacts block space. As of Jan. 8, 2020, BCH had a market cap of $4.4 billion and a value per token of $240.80.13

About Bitcoin Cash

Bitcoin Cash price today is $323.12 USD with a 24-hour trading volume of $5,332,029,443 USD. Bitcoin Cash is up 2.60% in the last 24 hours. The current CoinMarketCap ranking is #6, with a market cap of $6,010,329,835 USD. It has a circulating supply of 18,600,863 BCH coins and a max. supply of 21,000,000 BCH coins. The top exchanges for trading in Bitcoin Cash are currently Binance, Huobi Global, HBTC, Dsdaq, and Hydax Exchange. You can find others listed on our crypto exchanges page.

What is Bitcoin Cash?

Bitcoin Cash is a peer-to-peer electronic cash system that aims to become sound global money with fast payments, micro fees, privacy, and high transaction capacity (big blocks). In the same way that physical money, such as a dollar bill, is handed directly to the person being paid, Bitcoin Cash payments are sent directly from one person to another.

As a permissionless, decentralized cryptocurrency, Bitcoin Cash requires no trusted third parties and no central bank. Unlike traditional fiat money, Bitcoin Cash does not depend on monetary middlemen such as banks and payment processors. Transactions cannot be censored by governments or other centralized corporations. Similarly, funds cannot be seized or frozen — because financial third parties have no control over the Bitcoin Cash network.

What is Bitcoin Cash used for?

Bitcoin Cash combines gold-like scarcity with the spendable nature of cash. With a limited total supply of 21 million coins, Bitcoin Cash is provably scarce and, like physical cash, can be easily spent. Transactions are fast with transaction fees typically less than a tenth of a cent. Anybody can accept Bitcoin Cash payments with a smartphone or computer.

Bitcoin Cash has various use cases. In addition to peer-to-peer payments between individuals, Bitcoin Cash can be used to pay participating merchants for goods and services in-store and online. Very low fees enable new micro-transaction economies, such as tipping content creators and rewarding app users a few cents. Bitcoin Cash also reduces the fees and settlement times for remittances and cross-border trade. Other use cases include tokens, simplified smart contracts, and private payments with tools such as CashShuffle and CashFusion.

Visit Binance to learn more. 

SOURCE: https://coinmarketcap.com/currencies/bitcoin-cash/

7. Monero (XMR)

Monero is a secure, private and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon spiked great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation-based and community-driven.16 Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.”17

With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they all appear valid, the real one cannot be isolated. Because of exceptional security mechanisms like this, Monero has developed something of an unsavory reputation: it has been linked to criminal operations around the world. Nonetheless, whether it is used for good or ill, there’s no denying that Monero has introduced important technological advances to the cryptocurrency space. As of Jan. 8, 2020, Monero had a market cap of $994.0 million and a per-token value of $57.16.18

Visit Binance to learn more. 

8. About Chainlink

Chainlink price today is $11.32 USD with a 24-hour trading volume of $1,380,722,031 USD. Chainlink is down 1.05% in the last 24 hours. The current CoinMarketCap ranking is #10, with a market cap of $4,510,280,694 USD. It has a circulating supply of 398,509,556 LINK coins and the max. supply is not available. The top exchanges for trading in Chainlink are currently Binance, Huobi Global, HBTC, Dsdaq, and Hydax Exchange. You can find others listed on our crypto exchanges page.

What Is Chainlink?

Chainlink (LINK) is a decentralized oracle network which aims to connect smart contracts with data from the real world. Chainlink was developed by Sergey Nazarov, with Steve Ellis as the other co-founder. It held an ICO in September 2017, raising $32 million, with a total supply of 1 billion LINK tokens. LINK, the cryptocurrency native to the Chainlink decentralized oracle network, is used to pay node operators. Since the Chainlink network has a reputation system, node providers that have a large amount of LINK can be rewarded with larger contracts, while a failure to deliver accurate information results in a deduction of tokens. Developers describe LINK as “an ERC20 token, with the additional ERC223 'transfer and call' functionality of transfer (address, uint256, bytes), allowing tokens to be received and processed by contracts within a single transaction.” Following the 2017 $32 million LINK ICO, 32 percent of LINK tokens were sent to node operators to incentivize the ecosystem and 30 percent stayed within Chainlink for development (35 percent were sold in the public token sale).

Learn more at BINANCE


9. Binance Coin (BNB)

Binance Coin (BNB) is the official token of the Binance cryptocurrency exchange platform. Founded in 2017, Binance has quickly risen to become the largest exchange of its kind globally in terms of overall trading volume. The Binance Coin token allows Binance users to trade in dozens of different cryptocurrencies efficiently on the Binance platform. BNB is used to facilitate transaction fees on the exchange and can also be used to pay for certain goods and services, including travel fees and more.

About Binance Coin

Binance Coin price today is $33.67 USD with a 24-hour trading volume of $445,184,860 USD. Binance Coin is up 3.56% in the last 24 hours. The current CoinMarketCap ranking is #8, with a market cap of $4,861,618,156 USD. It has a circulating supply of 144,406,561 BNB coins and a max. supply of 176,406,561 BNB coins. The top exchanges for trading in Binance Coin are currently Binance, HBTC, Hydax Exchange, BiKi, and Binance.KR. You can find others listed on our crypto exchanges page.

What Is Binance Coin (BNB)?

BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online. It was originally issued as an ERC-20 token running on the Ethereum network, with a total supply capped at 200 million coins, and 100 million BNBs offered in the ICO. However, the ERC-20 BNB coins were swapped with BEP2 BNB on a 1:1 ratio in April 2019 with the launch of the Binance Chain mainnet, and are now no longer hosted on Ethereum.

BNB can be used as a payment method, a utility token to pay for fees on the Binance exchange and for participation in token sales on the Binance launchpad. BNB also powers the Binance DEX (decentralized exchange).

Can You Mine BNB?

You cannot mine BNB as you would a proof-of-work cryptocurrency, since the Binance Blockchain uses the Byzantine Fault Tolerance (BFT) consensus mechanism. Instead, there are validators that earn from securing the network by validating blocks.

What Is a BNB Burn?

Before BNB migrated to Binance Chain, Binance performed coin burns on the Ethereum network using a smart contract burn function. The amount of coins that Binance burns is based on the number of trades of the exchange over three months. Since the Binance Chain launch, BNB coin burns no longer take place on the Ethereum network and now use a specific command on Binance Chain, as opposed to a smart contract.

As of Jan. 8, 2020, BNB had a market cap of $2.3 billion and a per-token value of $14.71.23

Buy and learn more at Binance

Conclusively, once again I reiterated that the 9 Promising Cryptocurrencies To Watch Out for above are personal study and believe, of course there are several cryptocurrencies that may be doing well more than the ones I put up here. Do your research or visit an expert for direction. 

LEAVE A COMMENT

Comments

Share Your Thoughts

Jooble.org

Jooble.org
Get Online Jobs at Jooble