Cryptocurrencies are permissionless digital currencies that are decentralised and driven by blockchain technology. The inception of crypto came in 2009 with the anonymous Satoshi Nakamoto’s Bitcoin (BTC). Although cryptocurrencies have been around for thirteen years, it was during the COVID-19 pandemic that they gained popularity.
The crypto industry is constantly developing, with over 18,000 blockchain networks in operation and a range of currencies for consumers to select from. Here are five cryptocurrencies that will likely provide you with financial fortunes.
The Crypto Godfather – Bitcoin
As previously mentioned, Bitcoin (BTC) came into inception in January 2009 by the anonymous Satoshi Nakamoto. Its development was carried out to enable “online payments to be delivered directly from one party to another without passing via a financial institution.”
Bitcoin has succeeded in establishing a worldwide community and spawning a completely new business of millions of fans who produce, invest in, trade, and utilise Bitcoin and other cryptocurrencies in their daily lives. This is why Bitcoin has a strong probability of making you money, as it is the first cryptocurrency to arrive on the market.
Crypto’s Number Two – Ethereum
Ethereum is the second-largest cryptocurrency by market capitalization and value behind Bitcoin. It was the first to introduce the notion of a blockchain smart contract platform. Smart contracts are computer programmes that conduct the procedures required to fulfil an agreement between many parties through the internet.
They were designed to do away with the requirement for trusted intermediaries between contractors, cutting transaction costs and increasing transaction reliability. This is why the blockchain network remains the second most successful cryptocurrency.
The Biggest Global Exchange – BNB
BNB is a cryptocurrency released by the Binance decentralised exchange (DEX), which is one of the most active cryptocurrency exchanges in terms of volume. BNB intends to push cryptocurrency exchanges to the forefront of global financial activity.
BNB’s quest for development is one of its most significant competitive advantages. While Binance began as a cryptocurrency exchange in 2017, it has now expanded into a variety of other fields. It is currently ranked the fourth most popular blockchain on CoinCheckup, giving it strong reliability to continue succeeding.
The Meme Coin Godfather – Dogecoin
In December 2013, Billy Markus and Jackson Palmer debuted Dogecoin (DOGE) onto the cryptocurrency market. DOGE is widely considered the first meme currency since it is based on the ‘doge’ meme, which displays a Shiba Inu dog amusingly looking at a camera while surrounded by internal monologues.
Dogecoin’s developers envisioned it as a fun, lighthearted cryptocurrency with a wider appeal than the core Bitcoin audience because it was based on a dog meme. Its popularity grew further when Elon Musk endorsed it in early 2021. Since then, Dogecoin has grown to become one of the market’s most renowned cryptocurrencies. Dogecoin, like Bitcoin, has a distinct edge in terms of success because it was the first meme coin in crypto.
The Cutest Cat Token – Big Eyes Coin
Big Eyes Coin (BIG) entered the crypto market this year and has already had an influence on the meme coin industry by bringing sustainability and attractiveness to its currency. You merely need to visit the Big Eyes website to get an idea of the kind of NFTs that will be accessible. Cats are the main theme, so expect a variety of colourful and humorous cat drawings, as well as various other cat-related features.
NFT Sushi Crew is a Big Eyes Coin marketplace for people who enjoy collecting adorable items and taking part in fun events. Big Eyes coin has confirmed that 5% of its entire supply would be donated to ocean-saving non-governmental organisations. As a result, by acquiring an NFT and investing in Big Eyes, you are helping to create a more enjoyable and ecologically friendly environment. Currently, in stage six of its presale, Big Eyes Coin has raised $9.38 million, proving itself to be an intriguing crypto purchase with high potential earnings.
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Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.