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- Published: May 17, 2021 16:57
New Delhi: Crypto market and Cyrptocurrencies are the rage in today’s times, despite the turbulence in global economy triggered by Coronavirus.
Cryptocurrencies are stealing the limelight and fast drawing interest of investors/traders despite very high volatility in them.
Owing to boom in digital currency market, crytocurrencies could be just one of the most favorite asset of every investor.
There are about 5,000 cryptocurrencies in the market, however, we are only aware of Bitcoin or Dogecoin.
Nonetheless, if you aren’t aware of cryptocurrency trading, here’s a small guide for investing. Since the market is highly volatile, you need to be prepared and well-read before investing money here.
Here are Top 7 crytocurrencies, your could mull putting your money in. One may note that the prices of these currencies keep fluctuating.
1) Bitcoin
Founded in 2009, Bitcoin is the largest and probably the first cryptocurrency in the world. Current price of Bitcoin is $ 43,372.99 with a 24-hour trading volume of $ 65,906,428,346. However, it plunged by 9.48% in past 24 hours.
2) Dogecoin
Bitcoin dipped last week while Dogecoin soared to new highs, thanks to Elon Musk tweets. Current price of Dogecoin is $ 0.465184 with a 24-hour trading volume of $ 8,557,030,339. However, the price & volume has plummeted by about 13% and 15% respectively in last 24 hours.
3) USD Coin
It a considered a stable coin and was designed to encourage cashless transactions. Current price of $ Coin is $1 with a trading volume of $ 3,954,377,061. The price has gone by 0.03% and the volume by 17.03%.
4) Chainlink
Current price of Chainlink is $ 36.95 with a trading volume of $ 2,386,190,412. However, the price and volume have gone down by 13.90% and 4.44% respectively.
5) Tether
Tether is another stable coin that replicates the price of US dollar. Current price of Tether is $ 1.00 with a 24-hour trading volume of $ 161,688,816,509. The price of Tether has gone up by 0.03% in last 24 hours while volume also increased by 0.93%.
6) Ethereum
Ethereum is the second-largest cryptocurrency in the world after Bitcoin. Current price of Ethereum is 3,237.06 USD with a 24-hour trading volume of 47,984,200,362 USD. Similar to Bitcoin, Ethereum is down by 15.25% in the last 24 hours. However, the volume has grown by 8.51%.
7) XRP
Many a times, cryptocurrencies like XRP, Ripple, and RippleNet create confusion. XRP is a currency that operates on RippleNet, a digital payment platform. RippleNet is operated by the company Ripple.
The current price of XRP is $ 1.35 with a 24-hour trading volume of 11,536,277,367 USD. The price and volume both have gone down by 12.24% and 25% respectively.