Bitcoin price has slumped to US$43030 from the high of over US$47700 on the 1st of January 2021. The falling cryptocurrency prices have dampened the celebration mood of retail crypto investors.
The Ethereum-based cryptocurrency witnessed a plunge of 8.3% over the past 24 hours after a healthy start to the year.
XRP is an open-source cryptocurrency that uses an open-source distributed ledger called the XRP ledger. It is the native coin of Rippl.
Cardano is a research-based cryptocurrency built by engineers, mathematicians, and cryptography experts. It is open-sourced and decentralized, with consensus achieved using proof-of-stake.
This platform looks to address many of the issues facing the Ethereum blockchain while still providing Defi solutions. It is also one of the cryptocurrencies that are recovering from a crash.
Litecoin team has continuously been improving the network to increase speed, reduce cost and increase safety, making Litecoin one of the most attractive payment platforms.
Chainlink is the largest and most popular oracle network. Owing to its capability of integrating real-world data, the demand for Chainlink oracles will grow in the future.
Polkadot was created based on research identifying the hurdles that blockchain networks will face in the future as crypto is becoming more mainstream and is promoting several innovations.
First, Redditors spiked the price to new heights in early 2021 as a way to prevent the speculated short-selling of Dogecoins by many Wall Street hedge funds.
Launched in August 2020, the rise of Shiba Inu in such a short time is nothing short of uncanny. At one point, Dogecoin stayed as the top meme currency without much competition.