Hello guys. In this video, I will give a short review of the main cryptocurrencies – BTC, ETH, BNB, ADA, BAT. I will tell you about the most popular tokens, their characteristics, and why they are a good choice for investment or daily trading. Let’s start!
Bitcoin is the grandfather of all cryptocurrencies, the number 1 token and one might say the discoverer. The first electronic coin, which is trusted by millions of people and which has excited the whole world. It appeared in 2008, its creator is presumably a certain Satoshi Nakamoto. The original price of BTC was only a few dollars, and at the time of this video (January 2021), the cost of one token range from $ 35,000 to $ 41,000!
Bitcoin can be used as a means of payment to pay for services or goods. In many countries around the world, including Europe and the United States, BTC is accepted in restaurants, clothing stores, and even beauty salons. And in some places, you can even buy an expensive car or apartment for Bitcoins. The coin is ideal for long-term investment, as the amount of BTC is limited to 21 million coins. For this reason, the price of the token will always rise.
Ethereum is the second most popular and important cryptocurrency after Bitcoin. It was created at the end of 2013 by Vitalik Buterin. It is simultaneously a platform for creating other decentralized tokens and blockchain-based systems. The main purpose is to introduce new blockchain technologies into other projects. From 2020 to 2021, the cost of ETH ranged from $ 100 to $ 1200 per token.
Ethereum is represented on all crypto exchanges along with Bitcoin, and all altcoins are traded to it. Often, ETH acts as the initial initiator of the movement of the crypto market – when it rises or falls, other tokens rise or fall after it also. ETH is suitable for both long-term investments and short-term trading. In terms of its volatility, it often even surpasses BTC. The total capitalization as of August 2018 was up to $ 30 billion.
Binance coin or BNB, the personal token of the popular crypto exchange Binance. Based on the ETH blockchain, it is designed to reduce the trading commission on the exchange (up to 30% in the first year) and participate in various promotions and events. For example, Voting, LaunchPad Lottery, and LaunchPool Pharming, which provide BNB holders with the opportunity to win new tokens before listing on Binance and sell them at the best possible price.
The value of BNB varies throughout the year, usually from $ 15 to $ 30 per coin. The maximum drop in the token was up to $ 3, and the maximum growth in 2021 was up to $ 45. The popularity of Binance as a leading exchange, new and interesting projects, contests, and coin burns – all this fuels interest in BNB and affects its value. The token is suitable for long-term investment, as well as for short-term trading and speculation.
ADA (Cardano) is another of the TOP 5 cryptocurrencies created by the former founder of Ethereum (Charles Hoskinson) and Output Hong Kong. This digital money is a platform for decentralized applications, smart contracts, and various computing. It is characterized by a high level of protection and fault tolerance. Has its own CSL blockchain. The minimum token price was $ 0.01765 and the maximum $ 0.38850.
The main idea of this project is to create a system that will unite the world of cryptocurrencies with state banks while maintaining the maximum anonymity of electronic money users and a decentralized platform. To do this, Cardano uses metadata on the blockchain that is protected by cryptography. The ADA token is very popular with traders for trading Bitcoin or USDT.
BAT is a well-known token thanks to the use of the Brave browser by some investors and traders. This coin, together with the Brave browser, is included in the advertising management platform for Internet users. The main goal is to disable unnecessary advertising by default and allow users to choose advertising on their own, which suits their interests. For viewing such ads, the user receives a BAT coin
A person can withdraw this token and sell, or reward site owners by giving them part of their BAT. The minimum token price was $ 0.08 and the maximum $ 0.49. The coin is rarely used by investors, but quite often by traders. BAT responds well to news and enhancements to the Brave browser, so it is suitable for daily speculation.
Video about the review of TOP 5 cryptocurrencies – BTC, ETH, BNB, ADA, BAT, finished. Hopefully, now you know which coins to invest in the short, medium, and long term. These tokens are also suitable for daily trading or scalping, as they are very volatile. That’s all and see you until new videos on botcryptotrade.com