Top Cryptocurrencies Making Big Move
Bitcoin
Cryptocurrency trading has become increasingly popular in recent years, and it is now easier than ever to get involved in the game. With an ever-growing list of digital coins available to trade, it can be hard to decide which ones to focus on.
This article will identify the top cryptocurrencies making big moves in the market right now. We will look at the top digital coins, including Bitcoin, Ethereum, Litecoin, XRP, Bitcoin Cash, Tether, Chainlink, Binance Coin, and Stellar Lumens, and how each of them is performing.
Discover which cryptocurrencies are most traded, and how you can make the most of their potential.
Ethereum
Ethereum is a decentralized open-source blockchain platform that allows anyone to build and use distributed applications and smart contracts. Ethereum is the second-largest cryptocurrency by market capitalization and has made huge strides since its introduction in 2015. The Ethereum network has revolutionized the way companies and organizations manage large volumes of data, and the platform has been instrumental in fueling the development of the cryptocurrency industry.
Ethereum has gained immense popularity in recent years due to its reliable consensus mechanism, proof-of-work algorithm, and its ability to facilitate a trustless environment. Ethereum is based on an open-source software platform, and its native cryptocurrency is Ether (ETH). Ethereum has created a new class of blockchain projects that can be used to create, deploy, and execute distributed applications.
Ethereum has attracted a lot of attention due to its potential to revolutionize the way people create digital products, services, and economies. Ethereum is currently the go-to platform for developers building decentralized applications and offering tokenized services. Ethereum has a strong following, with a growing developer community, and its technology is being heavily researched by academics and industry leaders alike.
Ethereum offers a wide range of programming languages and tools for developers, making it an attractive platform for building complex distributed applications. Additionally, Ethereum’s Ethereum Virtual Machine (EVM) allows developers to create and execute smart contracts. Smart contracts are self-executing pieces of code that allow developers to automate a wide range of transactions and processes.
Overall, Ethereum is an exciting platform for developers and companies looking to build on blockchain technology. Ethereum’s smart contract capability and its growing developer community make it an attractive platform for businesses looking to create tokenized services and products. Additionally, Ethereum’s low transaction fees and fast transaction times make it an ideal platform for creating a wide range of decentralized applications.
Litecoin
is one of the oldest and most respected cryptocurrencies out there. Since launching in 2011, it has steadily been gaining traction and has become one of the top 8 cryptocurrencies by market cap. In December 2017, it enjoyed a major surge in value, rising to a high of over $370 and making it one of the top cryptocurrencies to watch out for.
So what is it that makes Litecoin so popular? For starters, it allows for faster transactions than Bitcoin. Litecoin transactions are also processed four times faster than Bitcoin’s, meaning that it is an ideal choice for those looking for more frequent confirmations of their payments.
Litecoin is also seen as a reliable alternative to Bitcoin thanks to its low transaction costs, which are about one-fifth of Bitcoin’s. Additionally, it is scalable and can handle a larger volume of transactions, meaning it can be used to move large amounts of money quickly and cheaply.
The Litecoin network is also more secure than that of Bitcoin. It implements SegWit (Segregated Witnesses), a protocol that allows for faster and more secure transaction processing. This makes it a preferred choice among those who value their privacy and security when making payments online.
Finally, Litecoin’s open-source code means that it is easier to develop applications or services on the network. Developers are able to incorporate it into their projects more easily and quickly, making it an attractive choice for those who want to build their own cryptocurrency-based services or applications.
It’s no wonder then that Litecoin has become one of the top cryptocurrencies making big moves. Its faster transaction times and lower costs, together with its increased security and open-source code, make it an appealing choice for those wanting to make payments, develop applications, or take advantage of the lucrative cryptocurrency market.
XRP
(XRP) is one of the most popular digital assets in the crypto-market, and it has been making some big moves lately. XRP is a cryptocurrency created by Ripple, a payment protocol for banks and financial institutions. It is designed to provide faster and more efficient cross-border payments compared to traditional banking systems.
XRP has seen a massive increase in value over the last few months and is currently the world's third-largest cryptocurrency by market capitalization. Since October 2020, XRP has seen an incredible price surge of more than 600%, reaching an all-time high of $0.74 in mid-December. This price increase has been due to an increased interest in the cryptocurrency by institutional investors, as well as the widely anticipated launch of Ripple's new version of its cross-border payments system called 'Odl'.
The launch of the new version of the ODL system has been widely praised by the crypto-community, as it gives XRP holders access to cheaper and faster cross-border payments. This has led to an influx of institutional investors buying up XRP, in order to capitalize on the potential of the Ripple platform. As a result, XRP is quickly becoming one of the hottest cryptocurrencies in the market.
In addition to its increased utility, XRP also has a number of other advantages that make it an attractive investment opportunity. Unlike many other digital assets, XRP is not mined, which means it is not subject to the same inflation risks as some other cryptocurrencies. Furthermore, XRP is one of the only digital assets that has the backing of a major financial institution, which gives it an added layer of security.
In summary, XRP is an incredibly powerful asset that is quickly gaining traction within the crypto-market. With its increased utility and the backing of a major financial institution, XRP is quickly becoming a go-to asset for investors looking to diversify their portfolios.
Bitcoin Cash
(BCH) is one of the most notable cryptocurrencies making big moves in the market. Bitcoin Cash is a hard fork of the original Bitcoin cryptocurrency. It was created in August 2017 as a result of a prolonged disagreement within the Bitcoin community over how to scale the blockchain technology.
The main goal of Bitcoin Cash was to increase the block size from 1 MB to 8 MB, allowing for faster transactions on the blockchain. The concept behind Bitcoin Cash was to increase the capacity of the blockchain by increasing the block size, which would ultimately allow for more transactions to be processed with faster speeds.
Since its launch, Bitcoin Cash has become a popular crypto asset, with its market capitalization ranking in the top five of all cryptocurrencies. Bitcoin Cash is currently the fourth largest cryptocurrency in terms of market capitalization, with a market cap of over $14 billion.
The main use case of Bitcoin Cash is peer-to-peer payments, as it allows users to quickly and easily send and receive payments without having to use banks or other financial institutions. Other uses of Bitcoin Cash include trading, investments, purchasing goods and services, and using it as a store of value.
Overall, Bitcoin Cash is a cryptocurrency making big waves in the crypto world and is becoming increasingly popular due to its high transaction speeds and low transaction fees. Many investors have started trading Bitcoin Cash in anticipation of further growth, as it has already seen a massive surge in price since its launch in 2017.
Tether
(USDT) is a stablecoin that claims to be backed 1:1 by the US dollar. It is one of the world’s largest cryptocurrencies, making up roughly half of the total market capitalization of the entire crypto world. The coin has made significant moves in recent times, leading to speculation about where it will go next.
Tether has recently seen a surge in its value, as more traders turn to the coin as a more stable and secure option in comparison to other alternative tokens. This has been a boon to investors in Tether, with the coin rising by more than 55% since the start of April 2021. As the coin continues to gain traction, it is likely to be one of the top cryptocurrencies to watch in the coming months.
Tether is also a popular choice among traders, due to its low transaction fees and longer completion times. This has made it appealing to those looking to quickly secure a transaction without incurring high costs. This has been a contributing factor in the coin’s growth, as traders increasingly look to Tether as a safe, secure and cost-effective alternative to other currencies.
In addition, the coin has seen an increase in its total trading volume, which has been attributed to a number of factors, including the perception of the coin as a safe haven from the turbulence of other markets. The coin has seen a particular surge in trading volume from Asia, particularly in South Korea, where the coin is quickly becoming popular among traders.
Looking forward, Tether is sure to remain one of the top cryptocurrencies to watch, as it continues to enjoy an expanding base of traders looking for a secure, cost-effective and reliable store of value. It is likely that any further growth in the coin’s value will be accompanied by increased trading volume and new investor participation, as more traders look to take advantage of the coin’s stability and potential.
Chainlink
is a blockchain-based platform that serves as a bridge between blockchains and off-chain applications. It is designed to provide enhanced functionality to blockchain networks by providing reliable data connections from external sources, such as price feeds and other on-chain information. Although LINK is the token powering the Chainlink network, it is also used as a payment method for services on the network.
Chainlink has experienced a successful start to 2021 with its price more than doubling since the start of the year. This strong performance is being attributed to the widespread adoption of Chainlink’s technology by various enterprises and decentralized applications (dApps). This surge in price has seen LINK’s market cap rise from $3.5 billion to over $13.5 billion. In addition to this, LINK has also seen an increase in trading volume and market liquidity, becoming one of the top 10 most traded cryptos.
The rise in LINK’s price is being driven by the increasing demand for external data to be fed into blockchain applications. This is due to the fact that the data provided by Chainlink is highly accurate, reliable and tamper-proof. This is especially important for applications that require a high degree of accuracy such as financial services and insurance.
The increasing demand for Chainlink is also being driven by the growing number of dApps that are being built on Ethereum, which is the second largest blockchain network. Chainlink is the most popular oracle service on Ethereum, providing the data connection for dApps to access external data. This is due to its secure and reliable platform that is built on strong encryption protocols and the LINK token, which is used to pay for services on the network.
As more enterprises, projects and applications adopt Chainlink, there is optimism that the price of LINK will continue to rise in 2021. This is a testament to the power of blockchain technology and the potential for Chainlink to revolutionize the way data is accessed and used in the future.
Binance Coin
(BNB) is a token issued by the Binance exchange platform, one of the largest cryptocurrency exchanges in the world. It is used for trading on the Binance platform as well as for making payments. BNB is a top performer in the cryptocurrency world and has been making big moves in the past few months.
In May 2020, Binance Coin rose over 100% in a single day, making it one of the best-performing assets in the cryptocurrency market. The coin has continued to rise and is currently trading at around $23 - a large increase from the $3 it was trading at the start of the year.
The rise of BNB is thanks in part to the platform's Initial Exchange Offering (IEO) system, which allows investors to buy tokens directly from the Binance exchange. The fees for these transactions are paid in BNB tokens. This has resulted in increased demand for BNB, as traders and investors seek to take advantage of the platform's advantages.
The Binance platform also offers several advantages for traders and investors. It is known for its high liquidity, low fees, and flexibility to trade a wide range of cryptocurrencies. The platform also adds new tokens each month and provides users with access to a wide range of trading opportunities.
The Binance platform has also been seen as a safe and secure place to invest, with its team taking measures to protect investor funds. Binance has also been praised for its speed and efficiency, allowing users to make transactions quickly.
Binance Coin has been making big moves in the cryptocurrency world and looks set to remain a top performer. Its rise in the past few months has been highlighted by its increase in trading volume and its strong growth in price. It is a promising asset for both traders and investors, offering them secure trading opportunities, low fees, and an ever-growing range of tokens.
Stellar Lumens
Stellar Lumens (XLM) is positioned as a “decentralized payment network” with a mission of enabling more equitable and affordable access to the global financial system. As with other cryptocurrencies, Stellar Lumens is an open-source platform, meaning that anyone can develop projects, applications, and initiatives on the platform.
XLM’s blockchain technology allows for quick, direct, and seamless transfers of funds between people, businesses, or other organizations. It also allows for a secure decentralization of financial systems, reducing the need for financial intermediaries and their high transaction fees.
Stellar Lumens is part of the larger ecosystem of the Stellar network, which is a distributed, open-source network of decentralized ledgers. These ledgers enable users to send and receive payments, trading assets, and exchange currencies. Stellar Lumens is one of the most popular cryptocurrencies and has seen strong growth over the last year.
Stellar Lumens also utilizes a consensus algorithm called the Stellar Consensus Protocol (SCP). This algorithm ensures that all transactions on the network are secure and verifiable. This security layer is an important part of the network’s success and is one of the key advantages of using the Stellar network.
The Stellar Lumens platform is also used to power an array of blockchain-based applications and services. Developers are able to create a wide range of products and applications, leveraging Stellar Lumens’ blockchain technology, while creating secure financial services to a large user base around the world.
Stellar Lumens have continued to make strong gains in 2020, with a number of major blockchain partners helping to drive its adoption. Recently, IBM announced their partnership with Stellar, helping to further increase confidence in the platform and its long-term potential.
Stellar Lumens is an ambitious project that has the potential to revolutionize global financial systems and make them more equitable and accessible. With its open-source platform and its distributed ledger technology, Stellar Lumens is well-positioned to become a major player in the cryptocurrency space.