Title: Top 5 Cryptocurrency to buy in August 2021 DecentFi
1Top 5 Cryptocurrency to buy in August 2021 -
DecentFi
2What is Cryptocurrency?
- Cryptocurrency is nothing but a digital asset,
seen as a form of digital payment. Generally,
users use cryptocurrency to buy and sell things,
not like a traditional U.S dollar. It is more
like digital payment. Many cryptocurrencies use
blockchain technology to build a decentralized
network. One of the advantages of cryptocurrency
is that no one can control or manipulate it,
even governments.
3Best 5 Cryptocurrency to buy in August 2021
- Bitcoin (BTC)
- Ethereum (ETH)
- Dogecoin (DOGE)
- Binance Coin (BNB)
- Cardano (ADA)
4Bitcoin (BTC)
Bitcoin is one of the most dominant players in
the cryptocurrency market. According to
coinmarketcap, It has ranked 1 among 11,000
cryptocurrencies based on market capitalization.
Most of us were brought into the cryptocurrency
market by evaluating the growth of
Bitcoin. Recently, In an interview, Jack Dorsey
CEO of Twitter and Square said bitcoin would
lead the world into peace, uniting people in all
nations. On analysis of the Bitcoin chart, the
coin has grown immensely over the last three
months.
5Ethereum (ETH) Ethereum is ranked 2 currency by
market
capitalization 276 billion in Coinmarketcap.
Over the years, Ethereum has been playing second
fiddle to Bitcoin. Ethereum shares around 18 of
the overall crypto market, which is the second
place from Bitcoin. Bitcoin has a share of
around 47 in the cryptocurrency
market. Ethereum is one of the leading platforms
for decentralized finance DeFi, Which allows a
user to create DeFi smart contracts defined to
execute under certain conditions. The potential
to cut out third parties like banks, a broker
makes ethereum more exciting among the other
cryptocurrencies.
6Dogecoin (DOGE)
Dogecoin (DOGE) is an internet meme coin for
Shiba Inu. It has surged around 4000 this year.
Based on coinmarketcap, Dogecoin has ranked 8
by market capitalization. It has grown to 70
cents in May 2021. Then it started falling
downwards. Based on today's market situation,
you can buy Dogecoin. It has a bright future
compared with the other cryptocurrency coins. As
of today, there are around 130 billion
Dogecoins in circulation. There is speculation
that Dogecoin has a faster mining rate, hash
rate, etc.
7Binance Coin (BNB)
One of the advantages of the Binance coin is that
it has a strict limit 200 Million of tokens
in circulation. It is one of the reasons that
the Binance coin has surged into 4 by market
capitalization. Lately, In 2021 alone, the
Binance coin has grown up to 700. It has a
more complex cryptocurrency than most of the
other cryptocurrencies. Binance mostly burns its
cryptocurrency quarterly. It will continue to
grow over the years so, make sure you buy
Binance Coin.
8Binance Coin (BNB)
Cardano is one of the top public blockchain
platforms, which is open-source, decentralized,
etc. It was founded in 2015 by Ethereum
co-founder Charles. One of the best things about
Cardano is that it facilitates peer-to-peer
transactions using its internal cryptocurrency.
Cardano has grown immensely over the last year
and will continue to reach new heights.
9I hope these five cryptocurrencies will bring
high returns to your investment. If you are
looking to earn passive income on DeFi platforms,
you can visit the DecentFi website. It lets a
customer earn daily rewards in both stock and
DeFi liquidity.
Decentfi www.decentfi.io
Registration www.decentfi.io/register