Every day there seems to be a new crypto that is taking the world by storm. So, what’s the next crypto to explode?
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Bitcoin
Bitcoin is the original cryptocurrency and it is still the most well-known. It was created in 2009 by an anonymous person or group of people using the pseudonym Satoshi Nakamoto. Bitcoin is a decentralized currency, which means it is not subject to government or financial institution control. Transactions are verified by a network of nodes (computers) and recorded in a public distributed ledger called a blockchain. Bitcoin can be used to purchase goods and services online, or it can be held as an investment.
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.
Ethereum is not just a digital currency. It is also a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
These apps run on a blockchain, a decentralized database that is maintained by a network of computers around the world. Ethereum’s blockchain is different from Bitcoin’s in that it can support more complex applications.
Ethereum has been gaining popularity in recent months, and its price has surged. Some experts believe it has the potential to become the most important cryptocurrency, surpassing even Bitcoin.
Litecoin
Litecoin is often referred to as “the silver to Bitcoin’s gold.” Created by former Google engineer Charlie Lee in 2011, it’s one of the oldest and most established cryptocurrencies. And it’s also one of the most popular, with a market cap of $11.4 billion as of this writing.
Litecoin is similar to Bitcoin in many ways, but there are also some key differences. For one, it’s much faster: a typical Litecoin transaction takes just two and a half minutes to confirm, compared to 10 minutes for Bitcoin. It’s also more lightweight, meaning it can handle more transactions per second than Bitcoin (though still not as many as Ethereum).
What’s more, Litecoin has built up a large and active community over the years. There are now numerous businesses that accept Litecoin payments, including major companies like Overstock.com and Expedia. And because Litecoin is designed to be easier and cheaper to mine than Bitcoin, it’s often seen as a more “democratic” cryptocurrency; anyone with a decent computer can turn a profit mining Litecoins without having to invest in expensive specialized hardware.
So what does the future hold for Litecoin? Prices could continue to rise if more businesses start accepting it as payment (which is already happening). Or we could see a major price drop if another cryptocurrency emerges that can do everything Litecoin does but better. But regardless of what happens in the short term, Litecoin looks like it has staying power, and could be a good investment for anyone looking to get into the cryptocurrency market.
Bitcoin Cash
Bitcoin Cash (BCH) is a cryptocurrency that was created in August 2017. It is a fork of the Bitcoin blockchain, with a few changes meant to improve transaction times and make it more scalable.
Bitcoin Cash has been one of the top performing cryptocurrencies in 2020, and its price has surged from around $300 in January to over $2,700 currently. This massive price increase has led many investors to wonder if Bitcoin Cash is the next crypto to explode.
Here are a few reasons why Bitcoin Cash could be poised for big things in the near future:
1. Increased adoption: One of the main reasons for Bitcoin Cash’s recent price surge is increased adoption. More and more businesses are beginning to accept BCH as payment, and its use is growing in countries like Venezuela where inflation is making other currencies less viable.
2. Improved scalability: One of the main issues with Bitcoin (BTC) is its scalability problem. The BTC network can only handle around 7 transactions per second, which causes delays and high fees during times of peak usage. Bitcoin Cash’s 8MB block size allows it to handle around 60 transactions per second, which should help it avoid the scaling issues that have plagued BTC.
3. Lower fees: Another issue with BTC is its high fees, which have gotten as high as $50 during times of peak usage. BCH’s lower fees make it a more attractive option for both businesses and consumers.
4. Strong development team: The team behind BCH is very experienced and has a track record of delivering on their promises. This gives investors confidence that BCH will continue to be developed and improved over time.
Bitcoin Cash appears to be primed for success in the near future, thanks to its increased adoption, improved scalability, lower fees, and strong development team. If you’re thinking about investing in cryptocurrency, BCH may be worth considering.
Ripple
Ripple is one of the hottest cryptocurrencies on the market right now. Here’s everything you need to know about Ripple and why it’s about to explode.
What is Ripple?
Ripple is a cryptocurrency that was created with the intent of being used by major financial institutions. Ripple is different from other cryptocurrencies because it’s not just a digital currency – it’s also a payment network. That means that Ripple can be used to facilitate international money transfers.
Why is Ripple about to explode?
There are several reasons why Ripple is about to explode. First, major financial institutions are starting to take notice of Ripple. Banks and other financial institutions are looking for a way to streamline international money transfers, and Ripple offers a solution that is faster and more efficient than traditional methods.
Second, the price of Ripple has been steadily rising in recent months. As more people become aware of Ripple and its potential, demand for the currency will continue to increase, driving up the price even further.
Third, there is a limited supply of Ripple. There are only 100 billion XRP in existence, and as demand for the currency increases, the price will continue to rise.
How do I invest in Ripple?
If you’re interested in investing in Ripple, you can do so by purchasing XRP on an exchange such as Binance or Kraken. You can also purchase XRP directly from another person using a peer-to-peer exchange such as WavesDex.
Stellar
There’s no doubt that cryptocurrency is on the rise, with more and more people investing in various digital currencies. But which ones are most likely to explode in popularity? Many experts believe that Stellar is one of the most promising cryptocurrencies out there.
Here’s why:
-Stellar has a strong team of advisers, including Jed McCaleb (co-founder of Ripple) and Joyce Kim (executive director of the Stellar Development Foundation).
-The Stellar network is designed to be highly scalable, so it can easily handle high volumes of transactions.
-The currency has low transaction fees and can be used to send money anywhere in the world.
-The team behind Stellar is very active and transparent, regularly updating the community on their progress.
NEO
NEO is a blockchain platform and cryptocurrency which enables the development of digital assets and smart contracts. It was founded in China in 2014, and its mainnet was launched in October 2016. The name “NEO” means new and young in Greek; it is also a homophone for the Chinese word “乐” (le), meaning happy or joyful.
NEO has been compared to Ethereum because it supports smart contracts. However, there are several key differences between the two platforms. NEO uses a unique consensus mechanism called dBFT (Delegated Byzantine Fault Tolerance), which is more energy-efficient than Ethereum’s PoW (Proof of Work) algorithm. NEO also supports digital identities, which can be used to represent real-world identity documents like passports and driver’s licenses on the blockchain.
NEO has a strong community of developers building tools and applications on top of the platform. The most well-known project built on NEO is the Trinity Wallet, which is used to store, send, and receive NEO and other NEP-5 tokens.
In 2018, NEO experienced massive growth in both price and community adoption. The price of NEO rose from $0.16 in January to a high of $32.80 by the end of December, an increase of over 20x. The number of addresses holding NEO also grew massively during this time period, increasing from around 100,000 at the beginning of the year to over 1 million by December.
Currently, NEO is trading at $8.40, down from its all-time high but still up significantly from its January 2018 price
