Cryptocurrencies are growing day by day and are now stronger than ever. After a few months, In August we heard the investors put forward their views on the bull run. For the first time after May, The market has crossed the $2 trillion mark.
The first half of 2021 saw the crypto market crash and Bitcoin becoming half of its all-time high to US$30,000. In August, the price bounced back and now Bitcoin is trading at the value of US$47,000. This price drop is a good sign for new crypto investors who want to buy Bitcoins and reap the profits.
Cardano’s price already increased over 100% in August, but September will still be a big month for the coin that wants to use blockchain to solve real-world problems. And on September 25–26, Cardano will host a series of virtual and live events in the Cardano Summit. Its research-driven approach may be slow but should result in a robust and sustainable platform. And it is already delivering several projects in Africa. The big challenge will be attracting developers once the smart contracts are up and running.
XRP is one of the most popular utility tokens in the market. Created by Ripple, XRP’s blockchain platform aims to set up cross-border currencies without any friction. Since its launch, many banks have realized the capabilities of this token and the volume of transactions on this network has increased since then. One of the top 10 cryptocurrencies to buy, XRP has a bright future in the crypto market.
Next to Bitcoin, Ethereum is the second biggest cryptocurrency. Its blockchain network revolutionized the DeFi sector and made way for decentralized apps. Recently, Ethereum launched its much-awaited new update that will improve the transaction fees and reduce Ether’s inflation. This change makes it easy for investors to decipher the value of investing in Ether and give miners a fair fee.
Similar to Ethereum, NEO is a platform for smart contracts. Launched in 2014, NEO’s mission is to improve Ethereum’s network by offering the same utility functions via a more sophisticated blockchain. While NEOs network is superior to Ethereum, it will only reach its full potential in a couple of years. The wait will be worth it for investors.
To know the price of the coins click here
For more content based cryptocurrency news and reviews click here
Dislcaimerthis news and reviews blogs are only to educate, inform and deliver information to the public and is not an investment advice. Nothing should be taken as an offer to buy, sell or hold any cryptocurrency