Cryptomoney has been a value for over a decade. After Bitcoin, which is now the pioneer of virtual currencies, Litecoin and CHSB, a whole range of other electronic currencies has emerged. And some are more powerful than others. In 2021, you will be able to trust the next 7.
Bitcoin: the pioneering cryptomoney
With a capitalization of 300 billion euros, Bitcoin is the reference cryptomony. The year 2020 will have been the year in which this currency has been really highlighted. This can be explained by the 2.5-fold increase in its capitalization and by three other elements that have boosted it and encouraged the race towards it. These are the regression of financial stress, the desire to institutionalise it and the subsequent injections of liquidity. In this year of 2021, Bitcoin could make a significant rise or be subject to great risk. Nevertheless, the fall of the dollar index will favour its use.
Ethereum: Bitcoin’s main competitor
Although Ethereum is not as well known as Bitcoin, it is still the most widely used cryptography. This large-scale use is made possible by the many companies issuing tokens associated with Ethereum. Depending on its democratization or the financial stress that the market will undergo, it remains a currency to be followed very closely.
Binance Coin: an important cryptomony
Taking advantage of the growing use of cryptomoney, the Binance platform has launched its own currency known as the Binance Coin. Between 2017 and 2020, its capitalization doubled, reaching almost 3.5 billion euros. It is, therefore, only natural that the Binance Coin is among the top 10 largest cryptosystems in the world because of its close link to Bitcoin. It is likely to undergo a correction effect this year.
Ripple: for more decentralised use
In the top five cryptomoney stores, Ripple is in fourth place. Even though the returns to the levels were not really profitable between the end of 2017 and the beginning of 2018, the Ripple still managed to keep a constant level. 19 billion, Ripple remains an important cryptomony in the sense that it aims at decentralized finance.
The Litecoin: another Bitcoin competitor
With a capitalisation of 5.4 billion euros, the Litecoin is a cryptocoin that is attracting a lot of interest. The block of this fierce competitor of Bitcoin can be mined in only 2 minutes 30 seconds, offering a certain speed. This currency is, therefore, accepted by several agents thanks to its advantages. Currently, its trend is on the rise. Although it may be caught up by a possible correction in 2021, the Litecoin deserves to be watched.
Cardano: a little-known cryptomoney, but not the least of which
The Cardano, unlike other crypto-currency systems, is based on two blockchains. It enables secure transfers to be carried out and meets high demand. In 2020, the Cardano reached many records, hence the possibility of seeing as many in 2021.
CHSB: a big « small Crypto ».
The SwissBorg company issues the CHSB tokens. As of January 2020, its capitalization was valued at 7 million euros, compared to the current 110 million euros. This is a sign of its interest.