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Looking for the next big crypto investment? Check out our list of the coins that are most likely to explode in price in the near future.
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Bitcoin
Bitcoin has been around for a while now and it seems to be here to stay. There are many benefits to using Bitcoin, including the fact that it is secure and can be used anonymously. Bitcoin is also a decentralized currency, which means that it is not controlled by any government or financial institution. This can be a good thing or a bad thing, depending on how you look at it.
What is Bitcoin?
Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain. Bitcoin was invented by an unknown person or group of people using the name Satoshi Nakamoto in 2009.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment. Bitcoin can also be held as an investment. According to research produced by Cambridge University in 2017, there are between 2.9 million and 5.8 million unique users actively using a cryptocurrency wallet, most of them using bitcoin
Bitcoin’s price history
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.
Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services. As of February 2015, over 100,000 merchants and vendors accepted bitcoin as payment.
Bitcoin mining
Bitcoin mining is the process of creating new units of the cryptocurrency. Miners collect and verify transactions, then add them to the Bitcoin blockchain. For their work, miners are rewarded with bitcoins.
Mining is a competitive process, and miners must use special software to solve math problems in order to add blocks to the blockchain. The first miner to solve a problem receives a reward, and other miners verify the solution. When all miners have verified the solution, the block is added to the blockchain and the miners move on to solving the next problem.
The difficulty of these math problems adjusts itself so that, on average, a new block is added every 10 minutes. As more miners join the network, the math problems become more difficult, and it takes more work (and electricity) to solve them. This helps ensure that new units of Bitcoin are created at a consistent rate.
Ethereum
There’s a lot of talk in the world of cryptocurrency about which coins are going to explode in value in the near future. While there are many different opinions, one coin that seems to be getting a lot of attention is Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
What is Ethereum?
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
In the Ethereum protocol and blockchain there is a price for each operation. The general rule is that the more complex the operation is, the more “gas” it requires.
The gas limit per block is currently set at 8,000,000 Gas. The average gas price has varied from 0.02 to over 0.2 ETH in the last month alone (June 2017), with prices predicted to go much higher as demand for Ethereum increases.
Ethereum’s price history
When Ethereum first launched in 2015, it was priced at just $0.43. In the years that followed, Ethereum’s price would go on to reach new heights, peaking at over $1,400 in early 2018. But like all cryptocurrencies, Ethereum’s price is highly volatile, and it has experienced a number of sharp price declines in recent months.
In June 2017, Ethereum’s price was around $300. Just one month later, it had more than tripled to over $900. And by January 2018, it had reached an all-time high of over $1,400. But since then, Ethereum’s price has fallen sharply, and it is currently trading at around $200.
Despite this sharp decline in price, Ethereum remains one of the most popular cryptocurrencies in the world. And many experts believe that it has great potential as a long-term investment.
Ethereum mining
Mining is a computationally intensive process that miners perform in order to find new blocks, which are then added to the blockchain. In order to find blocks, miners must use their computational power to solve complicated mathematical problems provided by the Ethereum protocol. If a miner is able to solve these problems, they are rewarded with Ether, which is the native cryptocurrency of Ethereum. Furthermore, if a miner is the first to solve the problem, they are also rewarded with an additional amount of Ether, known as the block reward.
Litecoin
Litecoin is a cryptocurrency that is a fork of Bitcoin. It is similar to Bitcoin in many ways but has a few key differences. Litecoin is faster than Bitcoin and can confirm transactions much quicker. It also has a higher limit of 84 million coins that can be mined compared to Bitcoin’s 21 million.
What is Litecoin?
Litecoin is a cryptocurrency that was created in 2011 as a fork of the Bitcoin protocol. It is now one of the top 10 cryptocurrencies in terms of market capitalization.
Litecoin is similar to Bitcoin in many ways, but it has a few key differences. Litecoin has a faster block time, meaning that transactions are confirmed more quickly. It also has a different hashing algorithm, which makes it incompatible with Bitcoin-specific hardware.
Litecoin is often seen as the silver to Bitcoin’s gold—a less valuable but still useful cryptocurrency. Thanks to its faster transaction times and lower fees, Litecoin is often used for small or everyday purchases.
Litecoin’s price history
Litecoin is often described as the silver to Bitcoin’s gold. Created by Charlie Lee in 2011, it’s one of the oldest cryptocurrencies in existence. And it has also been one of the most stable, steadily increasing in price until December of last year, when it began to rise exponentially along with other major cryptos.
Litecoin’s price increased from around $4 in early 2017 to a peak of nearly $370 in December. Since then, it has pulled back somewhat, but is still trading at around $160 as of May 2019 – more than 40x its early 2017 price.
Here’s a look at Litecoin’s price history since its inception.
As you can see, Litecoin has experienced some wild swings over the years, but has generally trended upwards over time. If you’re thinking of investing in Litecoin, or any cryptocurrency for that matter, it’s important to understand that these prices are highly volatile and can swing up or down very rapidly.
Litecoin mining
Litecoin mining is the process of creating new litecoins by solving a computational puzzle. The supply of litecoins is increased constantly as more coins are mined and added to circulation, similar to the way in which gold is mined and added to the gold supply. While there is no print limit on the number of litecoins that can be created, the cryptocurrency itself is designed to produce a total of 84 million litecoins–four times as many units as there are bitcoins in existence.
Monero
If you’re looking for a cryptocurrency that’s going to explode in 2020, you should definitely keep an eye on Monero. Monero is a privacy-focused coin that’s currently sitting in the top 10 of CoinMarketCap.com. In 2020, Monero is going to see a lot of adoption due to its privacy features.
What is Monero?
Monero is a cryptocurrency that is a new privacy-centric coin using the CryptoNote protocol. It is characterized as a private, secure, and untraceable digital currency. Monero uses a special kind of cryptography to ensure that all of its transactions remain 100% unlinkable and untraceable. This makes it impossible for anyone to link together addresses with transactions.
Monero’s price history
Monero is a cryptocurrency that focuses on privacy and is therefore considered a leader in the development of “privacy coins.” Monero’s price history is reflective of the overall cryptocurrency market, with large swings up and down over the years. However, Monero has had some significant price increases in recent years, which has led to renewed interest in the coin.
Monero was originally launched in 2014 under the name “BitMonero.” However, the coin was later rebranded to simply “Monero,” and it has been known by this name ever since. Monero’s price began its life at around $0.25 per coin, but it rapidly rose to over $5 per coin by early 2015. From there, Monero’s price fell back down to around $0.50 per coin by early 2016.
In late 2016 and early 2017, Monero’s price began to increase again, reaching a peak of over $400 per coin by early 2018. Since then, Monero’s price has fallen back down to around $100 per coin, although it remains one of the more popular cryptocurrencies on the market today.
Monero mining
Mining Monero can be a profitable venture due to its cryptographic algorithm which is resistant to ASIC’s mining. This means that anyone with a CPU or GPU can mine for Monero.
Monero’s mining algorithm, known as Cryptonote, was designed to be democratized and this aspect of the coin has drawn a lot of attention. The CryptoNight algorithm is also responsible for the creation of another privacy-focused coin, called Bytecoin.
Monero therefore emerged as one of the few coins that could still be mined profitably by individuals. While other coins such as Ethereum and Bitcoin have moved to proof-of-stake or different algorithms, Monero has stayed true to its roots.
Dash
What is Dash?
Dash is a cryptocurrency that was created in 2014. The developers wanted to create a coin that would be able to solve some of the problems that other coins were facing, such as slow transaction speeds and high fees. Dash uses a technology called “masternodes” which allows it to process transactions quickly and cheaply.
Dash’s price history
Dash is a cryptocurrency that was created in 2014. It is similar to Bitcoin in many ways, but it has a few key differences. For one, it is faster and more private. It is also more decentralized than Bitcoin, with a stronger focus on privacy and anonymity.
Dash’s price has fluctuated quite a bit over the years. In 2014, it was around $0.50. In December of 2017, it reached an all-time high of $1,500. However, it has since dropped back down to around $200. Despite this volatility, Dash remains one of the top 10 cryptocurrencies by market capitalization (currently #9).
Dash mining
Dash, like Bitcoin and most other cryptocurrencies, is based on a decentralized ledger of all transactions, known as a blockchain. This blockchain is secured through a consensus mechanism called “Proof of Work” (PoW). In order to achieve consensus, miners must solve difficult mathematical problems. The first miner to solve these problems and add a new “block” of transactions to the ledger is rewarded with Dash.
While anyone can mine Dash, doing so requires expensive mining equipment and a lot of electricity. This has led to the centralization of Dash mining, with a small number of miners representing the majority of hash power on the network.
