Cryptocurrencies have been in circulation for the past decade, but their popularity seems to have surged in recent years. During the pandemic, their popularity has reached an all-time high. However, new crypto coins are popping up left and right on an almost daily basis, so it can be pretty hard to keep up with them. Here’s a simple guide on which coins are here to stay, and which ones aren’t.
When it comes to crypto sharks, anonymously created Bitcoin is definitely one of them. Its market cap of over $1 trillion only solidifies its title as one of the biggest players in the crypto game. This digital currency runs on blockchain, which is essentially a decentralised ledger system with stored transaction records.
Bitcoin casino bonuses
Much like online casinos, a lot of crypto casinos offer bonuses. Only here, the bonuses are in the form of Bitcoin.
In fact, you’ll find that some casinos offer bonuses worth up to 5 BTC, which is basically worth a small fortune. All the more reason to try them!
Launched in 2015, Ethereum has its own digital currency – Ether. You heard that right, Ethereum is, in fact, not a cryptocurrency, but an open-source blockchain software. Ether holds the title of the second-largest cryptocurrency and that’s not even the best part – the Ether supply isn’t capped.
Remember what we said about new coins popping up left and right? Well, Dogecoin is one of those coins. Although Dogecoin started out as a joke, its price doubled when Tesla’s CEO, Elon Musk tweeted about it. As a matter of fact, the demand for Dogecoin spiked in April 2021, so much that it broke down Robinhood’s crypto trading system.
So what’s hot, and what’s not?
To sum up, cryptocurrencies have been around for a while now, and it’s highly unlikely that they’re going anywhere. On the contrary, they’ll only grow more popular, having inflation in mind.
Bitcoin and Ether have been the top players for a while, but what about Dogecoin? Well, if anything, Dogecoin proved that any coin can have its five minutes of fame, and rise to the stars. Withholding the test of time, on the other hand, is an entirely different story.
Just take a look at Bitcoin’s market cap and the fact that Ether’s supply isn’t capped. In other words, if you’re looking to invest in something, stick with the big guns.
Please play responsibly. For more information and advice visit www.begambleaware.org