The Fastest Growing Cryptocurrency for today
Here are the Fastest Growing Cryptocurrency for today: BitCoin, Chainlink, Binance Coin and others. Ethereum is a cryptocurrency that runs on blockchain technology and is created through mining. Miners mine this cryptocurrency by solving the hard block. This is similar to gold mining, as miners receive rewards and fees associated with these coins. Ethereum tokens are created through Ethereum mining.Ethereum (ETH) is at its peak, surpassing Ripple. If we look at crypto data from the past and present, Ethereum continues to rise and will overtake Bitcoin in the future. In the first week of January 2018, the value of Ethereum coins increased by almost 90%, and it is expected to reach its peak with an increase of up to 100% in the coming months. The term “flippening” is the most common in the crypto market. It refers to the day when Ethereum overtakes Bitcoin and becomes the leading crypto. Recent data shows future predictions, even consensus results, that Ethereum will overtake Bitcoin and lead the crypto world.
Therefore, choosing Ethereum is a good choice for investors looking for a high-yielding currency in the future. It is a profitable investment, as it will provide a return of 93.03% in the future, close to 100%. Ethereum is not just a currency or a token; it is Web 3.0, a platform for building next-generation decentralized applications. Therefore, investing in this extremely profitable cryptocurrency is one of the best decisions.
Ripple is a cryptocurrency launched by developers Chris Larsen and Jed McCaleb in 2012. Ripple functions as a digital financial payment and cryptographic system, best known as a digital payment protocol. It is an open-source P2P currency that enables P2P transactions. It allows funds to be transferred in any fiat currency, such as US Dollar, Euro, Yen, Litecoin, and Bitcoin.
Today, this cryptocurrency is attracting the attention of many investors due to its high profits and returns. The token used in Ripple is XRP. Like other cryptocurrencies, Ripple operates on blockchain technology. The value of this cryptocurrency is expected to increase in the future, proving to be an ideal investment for investors. Looking at the data from the past year, the data shows that at the beginning of 2017, XRP was trading at around $0.006 per token, and by the end of the year it had risen to $3.84, an increase of around 64,000%. It remains the world’s leading currency with a market cap of $460 billion.
Many analysts and investors are predicting high returns for this cryptocurrency. At the beginning of 2018, Ripple’s value fell by around $2, but since then it has gained significant popularity and returned to the forefront. Most investors expect Ripple to overtake Bitcoin in the future and become the leading cryptocurrency. Investing in XRP tokens could be a wise decision considering their future growth potential. This coin will offer a 100% return in the future, outperforming Ethereum and Bitcoin.
IOTA (Internet of Things) is not just a digital currency; it is a digital currency in itself. It was created by Dominic Shiner. It is an automated network and transaction platform. What makes IOTA unique is that it does not rely on mining by solving hard blocks and paying transaction fees to miners. Instead, it is a decentralized way of making transactions on the network without changing fees or costs. There is nothing comparable to the presence of a miner and a third party (broker), making buying and selling extremely fast.
IOTA has become the fourth largest digital currency in the world thanks to the participation of many companies. Prominent companies such as Microsoft, Fujitsu and others have joined the two-month pilot program for IOTA. IOTA is easy to use and operate and runs on a directed acyclic graph rather than blockchain technology.
According to Coinmarketcap, IOTA’s market cap has exceeded $12.68 billion. It has the largest trading volume in the cryptocurrency world. It is difficult to predict its rise, but past data indicates a good rise in the future. The growing market for this platform makes it one of the best cryptocurrencies. It is extremely easy to use, as investors do not need to mine blocks. This feature also attracts investors with experience in block mining who want to save on transaction fees and rewards. Therefore, the overall outlook indicates that this is an excellent cryptocurrency to invest in, thanks to its features such as transaction speed, no rewards, no transaction fees, and no blocks to mine.
Cardano: The birthplace of ADA, Cardano is a digital currency used to buy and sell cryptocurrencies. It is a new cryptocurrency and the first cryptocurrency based on a scientific philosophy. It was launched in September 2017, and since then it has been gaining increasing popularity among investors. News is full of the rise of this new cryptocurrency and its returns. The token that is created from it is ADA itself. Within a month of its launch, this cryptocurrency has surged by 1,520%, bringing its market cap to $18.8 billion. It is now the third most valuable cryptocurrency in the market.
Most crypto investors were expecting a good platform and future upside for this cryptocurrency. Considering that it is a new cryptocurrency, it is difficult to reach a final conclusion, but based on the records of the last few months, the data points to a good trajectory for this cryptocurrency. During the initial coin offering (ICO), Japanese investors purchased almost 95% of the ADA tokens. In the future, the value of this cryptocurrency will increase if more investors are attracted to it and invest in it. In this world of cryptocurrencies, most of the altcoins that are created are bought and sold, but some are committed to a long-term strategy. With the rise of Cardano, it is clear that companies will be attracted and invest in this cryptocurrency. Therefore, choosing this cryptocurrency for the short term is not a bad investment, as new altcoins generate greater profits in their initial stages.
EOS: Similar to Ethereum, EOS runs on a decentralized blockchain platform, eliminating the involvement of intermediaries during trading. This is a new digital currency. It was launched in June 2017 by Steem and Bitshares, and features high-speed parallel processing. It is a decentralized currency, so transactions are made peer-to-peer, without third-party intermediaries such as financial institutions or banks. Its popularity is growing, even surpassing ETH tokens to some extent. The EOS team is highly qualified and experienced.
In just a few months, this digital currency has established and maintained its position among its investors. In the first week of January 2018, it gained about $150 million in just five days. It became a major topic and a topic of conversation on BitFinex after its price jumped by more than 200%. Many investors are interested in purchasing this digital currency. Today, it is the most popular digital currency with a continuous price increase. It has become one of the strongest competitors of Ethereum due to its transaction speed and scalability, which allow users to efficiently use decentralized applications. It is too early to predict the outcome or future prospects of this digital currency, as it is still new to the market and investors. After every economic downturn, the stability and performance of this digital currency comes to the fore. Therefore, investing in it is a good idea in the short term, but its long-term performance is unpredictable.
In addition, there are many other digital currencies that will continue to emerge, but for a safe investment, we always recommend investing in Bitcoin.
ChainLink is another fast-growing cryptocurrency. It is a decentralized way to extract data from oracles and inject it into the Ethereum blockchain. It already has 46 partners, including Google. ChainLink’s LINK token rose 400% against the US dollar in 2019.
Binance Coin - Binance Coin (BNB) is a cryptocurrency issued on the Binance Coin platform. BNB was launched in July 2017 as an ERC20 token based on the Ethereum blockchain and raised over $15 million in an initial coin offering (ICO). BNB reached a high of $36 on June 13, 2019, breaking its previous all-time high of $35 on May 30.
