Posted on 01-12-2021 by Admin
According to industry experts, the most sought-after cryptocurrency may touch the $100,000 mark by the end of this year. Amid its increasing use globally, especially in India, the market capitalization of bitcoin has touched $2.5 trillion.
According to a report by NASSCOM, the apex body of the IT industry, there are 15 million retail investors investing in the cryptotech sector in India.
According to Shivam Thakral, CEO of BuyUCoin, a domestic cryptocurrency exchange, the launch of the first bitcoin ETF on the New York Stock Exchange is a reckoning moment for the global crypto economy and the world s oldest cryptocurrency.
There has been a paradigm shift in investment patterns across the world which is underlined by the data shared by crypto exchanges from time to time.
Jay Hao, CEO of cryptocurrency exchange OKEx.com, said, “Bitcoin is hitting a new all-time high which indicates the widespread acceptance of crypto assets around the world. The listing of the first Bitcoin Futures ETF is a huge leap of faith for crypto investors as it took eight years to get the final approval from US Securities.”
The interest of investors in the cryptocurrency market has increased significantly. The cryptocurrency market has seen tremendous volatility in recent weeks.
First is Bitcoin on the top. Since the year 2020, there has been a tremendous boom in Bitcoin. Its market cap is around $1,084,798,217,674. Bitcoin is the most expensive and most popular of cryptocurrencies.
After this, Ethereum is at number two. Actually Ethereum is the name of the blockchain platform and the name of its crypto coin is Ether. It is a utility cryptocurrency, offered as payment for using the Ethereum platform. The market cap of Ethereum is around $452,903,799,695.
Ripple (XRP) can be placed at number three. So far it has been considered a very safe utility coin and it has also got the support of many banks since the beginning. Many transfer services built on Ripple s blockchain platform have grown significantly over the years.
Litecoin completely competes with Bitcoin. This coin is considered better than Bitcoin for payment in daily life.
This coin has made investors very happy in the past and experts believe that it can perform very well in the future.
FTX Token (FTT)
Binance Coin (BNB)
Yield Guild Games (YGG)