Bitcoin, the world’s most popular cryptocurrency, is on a tear this year. Its price has more than tripled since January. It’s now worth about $11,000 per coin. Other digital currencies are also having a moment in the sun. Ethereum, the second biggest cryptocurrency by market value, is up more than 2,000% this year. And Ripple, the third largest, has soared 4,000%. But not all cryptos are created equal. While Bitcoin and its rivals are still enjoying strong gains in 2020. There are a handful of other digital tokens that have surged even higher. These “altcoins” is commonly known as alternative coins. It has vastly outperformed its more established counterparts in recent months. And they show no signs of slowing down.
Big Eyes: The World-Saving Coin
As the world’s first decentralized digital currency, Bitcoin has the potential to completely transform the way we think about money. With its unique ability to bypass traditional financial intermediaries. Bitcoin could help bring banking services to the unbanked and underbanked populations.
In addition to its potential to provide financial inclusion, Bitcoin can help stabilize economies and protect against inflation. As an example. Countries with unstable currencies can use Bitcoin as a hedge against inflation. And because it is not subject to central control. Bitcoin could also help reduce corruption in governments. And also the institutions by ensuring that funds cannot be easily diverted or stolen.
So far, Bitcoin has been largely immune to economic turmoil and political instability. But as it continues to grow in popularity and adoption. It will likely become even more resilient to these sorts of shocks. In this sense, Bitcoin could become the world’s first truly global currency.
Avalanche: The Most Appealing Cryptocurrency
Avalanche is a new cryptocurrency that is quickly gaining popularity. There are many reasons why Avalanche is appealing to investors and users.
Some of the key features that make Avalanche appealing include:
Fast transactions: Avalanche can handle up to 4,500 transactions per second. It is much faster than most other cryptocurrencies.
Low fees: Fees on the Avalanche network are very low. That makes it an attractive option for people who want to avoid high costs.
Decentralized: Avalanche is a decentralized platform. This makes it more resistant to manipulation and censorship.
Secure. The Avalanche network uses advanced cryptography to keep your funds safe and secure.
One of the most popular altcoins in the cryptocurrency market is Avalanche (AVAX). It is well known for having the fastest smart contract capabilities. When Avalanche is traded, the AVAX protocol proudly displays its ability to give consumers quick throughput. Avalanche completes a transaction in two seconds as opposed to Ethereum (ETH). It’s merge, which needs about 10 minutes.
With the Avalanche protocol, developers now have the flexibility to create blockchain applications. It includes the projects they’ve always wanted to. The network also encourages the interchange of decentralized applications (DApps) and smart contracts. Those can automate different product objectives and functions. Nevertheless, experts concur that Avalanche has the most compelling feature. It can let businesses scale even with basic infrastructure.
Ethereum: The Most In-Demand Cryptocurrency
With the current market conditions in the cryptocurrency industry, many investors are turning to Ethereum as a safe haven. The second largest cryptocurrency. According to the market capitalization. It has seen significant growth over the past few months, with its price rising from $200 in September to $800 in December.
Several factors drive this demand for Ethereum:
- Ethereum is seen as a more stable investment than other cryptocurrencies. It is due to its strong community and support from major companies.
- The Ethereum network offers unique features and advantages over other blockchain platforms.
- Developers are increasingly using Ethereum to build decentralized applications (dApps).
These are seeing growing adoption by users at chesworkshop.org.
It is to be predicted that. Ethereum will remain one of the most in-demand cryptocurrencies among investors.
Conclusion
The market for cryptocurrencies has been through many ups and downs in the past year. But some coins are still doing well despite the crypto winter. In this article, we’ve highlighted three cryptos. That is currently surging despite the current market conditions. These might be worth considering if you’re considering investing in cryptocurrencies.
Featured Image by Pete Linforth from Pixabay
