Cryptocurrency, the latest buzzword in the town of economics. I to came across it recently when one pleasant evening my friend and I went for a walk, and he started a conversation on drop in currency value. We discussed almost all major currencies of the world but when it came to the latest addition to the world of currencies, a roller-coaster called cryptocurrency, we were lost. So we delved deep into the subject. Here I share some of my insights and views on crypto. Let’s begin…

Crypto currency

What Is Crypto currency ? How it Works ?

A virtual currency (not present in the real form like coin, paper & money) in the real world which were designed in the computerized database form and are used as a medium of exchange,

For securing the transaction records a strong cryptography are used in the computerized database, cryptocurreny generally use the suburbanized control (several office rather than the single one),

A type of trading is made between the buyer and the seller, Like when someone is buying a coin means someone is selling it to him at a price, the buyer and the seller price is decided by the market,

Where buyer on one side and seller on another side makes the crypto currency trading market, as a Frame of reference don’t you think that if the seller price is more than the buyer price , anyone could buy the coin in huge amount and sold it for an instant profit .

Bitcoin (BTC) | First Crypto currency

# 1 Cryptocurrency

Image Source-Google | Image By-Mixpixel.net

Launched In 2009 (First Cryptocurrency), By SATOSHI NAKAMOTO

Currently Bitcoin is the best and rank first (market rank 1) in the market of cryptocurrency,

With the market cap of around $ 6,40,51,01,19,287 (US) | 47,78,846 Cr (INR),

Around 2 Cr (INR) | $ 2,68,060 (US) of circulating supply of Bitcoin, Having the market trading activity of around 82% Buys and 18% of Selling,

Bitcoin (BTC) was created by SATOSHI NAKAMOTO (presumably pseudonymous developer) which is the first decentralised cryptocurrency that works on cryptography, also works on the peer to peer network, having no central authority and not even controlled by any central banks, and because it is decentralised its nature allows the user to send and receive the funds without any middle man or intermediary,

Bitcoin was released in 2009 and after that many other crypto currency were made in the next couple of years.

Ethereum (ETH) | Second Cryptocurrency

# 2 Cryptocurrency

Image Source-Google | Image By-pixabay.com

Launched In 2014, By VITALIK BUTERIN

Currently Ethereum is the world’s second best and biggest cryptocurrency ranked second (market rank 2) in the market of cryptocurrency,

It’s First trade was started on August 7 for $ 2.77 (US) / 206.67 Rupee (INR), Ethereum value fall down on the next day by $ 0.81 (US) / 60.43 Rupee (INR) and stayed under $1 until January 2016 and from there Ethereum changed and know its value is above $ 2,680.6 (US) / 2,00,000 Rupee (INR).

With the market cap of around $ 2,69,69,20,00,483 (US) | 20,12,175 Cr (INR),

Around 12 Cr (INR) | $ 16,08,363 (US) of circulating supply of Ethereum, Having the market trading activity of around 70% Buys and 30% of Selling,

Ethereum (ETH) invented by VITALIK BUTERIN which was first called as white paper in 2013 later changed to Ethereum by its creator’s and was described as a decentralised mining network and software development platform,

Later turn out as a new cryptocurrency and a program that follows a blockchain protocol in which the user doesn’t need a third party for sending or receiving funds,

Ethereum was Developed in such way that the allows the developers to build decentralised application on its blockchain also known as the smart contract technology the dapps (Decentralised Applications).

Tether (USDT) | Third Cryptocurrency

# 3 Cryptocurrency

Image Source-Google | Image By-Securities.io

Launched In July 2014, By Brock Pierce, Craig Sellars & Reeve Collins.

Currently Tether (USDT) is the World’s Third Biggest and Best Cryptocurrency, rank third (market rank 3) in the market of cryptocurrency also known as the “Realcoin”.

It’s First trade was started on February 26 2015 for $ 1 (US) / 74.6 Rupee (INR),Within 7-8 days the value of Tether decreased to $ 0.6062 (US) / 44.7 Rupee (INR) and From March 11, 2015 Tether Stabalized itself.

With the market cap of around $ 62,42,38,03,780 (US) | 4,65,744 Cr (INR),

Around 6,233 Cr (INR) | $ 83,54,10,803 (US) of circulating supply of Tether, Having the market trading activity of around 49% Buys and 51% of Selling,

Tether (USDT) was invented because of some issue like everyone’s thinking towards cryptocurrencies the lack of stability and can be converted easily to fiat currencies from cryptocurrency,

Which is the main reason to create Tether and Currently this cryptocurrency is known as the most “Stablecoin” around the world, With a fixed exchange ratio of 1:1,

The concept of stable coin was introduced in 2012 because of the protocol layer for Bitcoin.

Binance Coin (BNB) | Fourth Cryptocurrency

# 4 Cryptocurrency

Image Source-Google | Image By-personal-financial.com

Launched In 2017, By Changpeng Zhao

Currently Binance Coin (BNB) is the World’s Fourth Biggest and Best Cryptocurrency, rank Fourth (market rank 4) in the market of cryptocurrency.

It’s First trade was started on July 26 2017 for $ 0.1051 (US) / 7.46 Rupee (INR),It was a good start for Binance the value of Binance made profit from starting to $ 0.1289 (US) / 8.95 Rupee (INR) and From August 3, 2017 Binance continued making profit.

With the market cap of around $ 48,60,35,38,340 (US) | 3,62,631 Cr (INR),

Around 17 Cr (INR) | $ 22,78,515 (US) of circulating supply of Binance Coin, Having the market trading activity of around 66% Buys and 34% of Selling,

Binance Coin (BNB) was first issued as an ERC20 token that fuels all the operations on Binance exchange and token was taken on Ethereum blockchain, But later moved to its own mainnet chain,

Binance Headquarters and servers were first in china but because of some rules for Cryptocurrency in September 2017 the owner Chanpeng Zhao changed it to japan,

And later in January 2018 Binance became the largest Cryptocurrency exchange with a market capitalization of around $ 1.3 Billion (US) / 9,69,93,00,000 Rupee (INR).

Cardano (ADA) | Fifth Cryptocurrency

# 5 Cryptocurrency

Image Source-Google | Image By-cryptocurrency.ind.in

Launched In 2017, By Charles Hoskinson

Currently Cardano (ADA) is the World’s Fifth Biggest and Best Cryptocurrency, rank fifth (market rank 5) in the market of cryptocurrency also known as the “Blockchain”.

It’s First trade was started on October 2 2017 for $ 0.02593 (US) / 1.49593 Rupee (INR), The next the value of Cardano decreased to $ 0.0.02082 (US) / 1.49082 Rupee (INR) and From October 13, 2017 Cardano value Increased to some extent and after that it keep fluctuating .

With the market cap of around $ 36,12,73,28,777 (US) | 2,69,546 Cr (INR),

Around 3,204 Cr (INR) | $ 42,94,33,052 (US) of circulating supply of Cardano (ADA), Having the market trading activity of around 80% Buys and 20% of Selling,

Cardano (ADA) was founded in 2015 by Charles Hoskinson who is also the co-founder of Ethereum, because of some conflict he left and Cardano which uses a proof of stack (POS) protocol named Ouroboros,

Cardano is an open source public blockchain and a native token of the Cardano blockchain, For decentralised application it seeks to develop smart contracts to provide the highest level of securities and sustainability.

USD Coin (USDC) | Sixth Cryptocurrency

# 6 Cryptocurrency

Image Source-Google | Image By-medium.com

Launched In 2018, By Circle, Coinbase & Bitmain

Currently USD Coin is the World’s Sixth Biggest and Best Cryptocurrency, rank Six (market rank 6) in the market of cryptocurrency also known as the “Stablecoin”.

It’s First trade was started on October 9 2018 for $ 1.0069 (US) / 75.12 Rupee (INR), USD Coin made a good start On 10 October it made $ 1.0096 (US) / 75.32 Rupee (INR) and On 12 October $ 1.0127 (US) / 75.55 Rupee (INR).

With the market cap of around $ 26,79,82,94,998 (US) | 1,99,926 Cr (INR),

Around 2,679 Cr (INR) | $ 35,90,96,027 (US) of circulating supply of USD COIN, Having the market trading activity of around 73% Buys and 27% of Selling,

USD Coin is also called as stablecoin its nature is almost stable, USD Means United States Dollar, This cryptocurrency is managed by group of companies Circle, member of crypto exchange Coinbase and Bitcoin mining company Bitmain,

Blockchain of USD Coin runs on Hashgraph, Solana, Hedera, Ehtereum & Stellar, Pegged to US Dollar where 1USD Coin is equal to 1 US Dollar,

USDC is issued by the normal financial institutions who keep the backing USDC, where the USDC Is generally a digital Dollar that represents government issued money on the blockchain.

Ripple (XRP) | Seventh Cryptocurrency

# 7 Cryptocurrency

Image Source-Google | Image By-quoteinspector.com

Launched In 2018, Jed McCaleb

Currently Ripple (XRP) is the World’s Seventh Biggest and Best Cryptocurrency, rank Seven (market rank 7) in the market of cryptocurrency.

It’s First trade was started on August 5 2013 for $ 0.005613 (US) / 0.42 Rupee (INR),Within 11 days the value of Ripple decreased to $ 0.003134 (US) / 0.23 Rupee (INR) and From August 16, 2013 Ripple Increased a bit and after that it kept fluctuating.

With the market cap of around $ 25,27,85,14,944 (US) | 1,88,603 Cr (INR),

Around 4,627 Cr (INR) | $ 62,01,58,156 (US) of circulating supply of Ripple, Having the market trading activity of around 76% Buys and 24% of Selling,

First Jed McCaleb thought of an idea to make an financial service to provide payment options to members of an online community through global network and then it was built by Arthur Britto and David Schwartz,

Doge Coin | Eighth Cryptocurrency

# 8 Cryptocurrency

Image Source-Google | Image By-knowtechie.com

Launched In 2013, By Billy Markus & Jackson Palmer

Currently Dogecoin (DOGE) is the World’s Eighth Biggest and Best Cryptocurrency, rank Eighth (market rank 8) in the market of cryptocurrency, Symbol was made from the meme of a dog who got famous through the social media.

It’s First trade was started on December 16 2013 for $ 0.0002047 (US) / 0.015 Rupee (INR),Within 2 days the value of DOGE Started to increase from $ 0.0003616 (US) / 0.027 Rupee (INR) to $ 0.001162 (US) / 0.087 Rupee (INR).

With the market cap of around $ 23,51,04,01,587 (US) | 1,75,397 Cr (INR),

Around 13,052 Cr (INR) | $ 174,95,04,048 (US) of circulating supply of Dogecoin, Having the market trading activity of around 59% Buys and 41% of Selling,

Dogecoin (DOGE) was made just as a joke cause both Billy Markus And Jackson Palmer were making fun of wild speculation in cryptocurrency at that time , they were just trying to make an online payment system and not even taking it in a serious way,

That is one of the reason why they made the symbol of Dogecoin from meme of a dog who got famous on social media.

Dogecoin is a Peer to Peer opensource Cryptocurrency, this coin is inflationary coin because of its unlimited supply like it is used to reward people on twitter and reddit because of their quality content.

Polkadot (DOT) | Ninth Cryptocurrency

# 9 Cryptocurrency

Image Source-Google | Image By-investingcube.com

Launched In 2020, By Robert Habermeier, Dr. Gavin Wood & Peter Czaban

Currently Polkadot (DOT) is the World’s Ninth Biggest and Best Cryptocurrency, rank Nine (market rank 9) in the market of cryptocurrency.

It’s First trade was started on August 20 2020 for $ 2.7629 (US) / 206.12 Rupee (INR), A good start within 4 days the value of Polkadot increased to $ 4.3067 (US) / 321.30 Rupee (INR) and From August 25, 2020 Polkadot kept increasing itself.

With the market cap of around $ 11,37,09,72,066 (US) | 84,832 Cr (INR),

Around 98 Cr (INR) | $ 1,31,36,024 (US) of circulating supply of Polkadot, Having the market trading activity of around 61% Buys and 39% of Selling,

Polkadot (DOT) uses proof of stack (POS), It’s first token sale closed on October 27, 2017 raising a total of 485,331 ETH Ether(the currency of the Ethereum blockchain).

Polkadot (DOT) is an open source web, Where the DOT tokens acts as a governance token and can also be used for staking on the network, a Fully Decentralised web that aims facilitate a space and transaction in a trustless way via the Polkadot relay chain.

It recently came to trade market August 2020 but it holds a rank in top 10 best coins this shows the nature and the type of cryptocurrency is this.

Uniswap (UNI) | Tenth Cryptocurrency

# 10 Cryptocurrency

Image Source-Google | Image By-moneycontrol.com

Launched In 2020, By Hayden Adams

Currently Uniswap (UNI) in the list of World’s top Tenth Biggest and Best Cryptocurrency, Rank ten (market rank 10) in the market of cryptocurrency.

It’s First trade was started on September 17 2020 for $ 0.4803 (US) / 35.8 Rupee (INR),The value of Uniswap made a good start within 2 days it reached to $ 7.7243 (US) / 576.26 Rupee (INR) and then Uniswap Stabalized itself.

With the market cap of around $ 9,20,40,64,125 (US) | 68,666 Cr (INR),

Around 59 Cr (INR) | $ 79,08,423 (US) of circulating supply of Uniswap (UNI), Having the market trading activity of around 66% Buys and 34% of Selling,

Uniswap(UNI) was created on November 2, 2017 by an mechanical engineer, Uniswap is a decentralised finance and is used to exchange tokens and cryptocurrency provided on blockchain network,

UNI is the governance token for Uniswap protocol, Uniswap launches UNI with the intentions to enable shared community ownership to enhance the growth of the protocol.

this cryptocurrency exchange is run by centralised companies such as Coinbase, Binance & OKEx.

Top 100 Cryptocurrency in the World.

1. Bitcoin (BTC) | Market cap – $ 577.85 B
2. Ethereum (ETH) | Market cap – $ 218.87 B
3. Tether (USDT) | Market cap – $ 61.95 B
4. Binance Coin (BNB) | Market cap – $ 47.06 B
5. Cardano (ADA) | Market cap – $ 36.29 B
6. USD Coin (USDC) | Market cap – $ 26.79 B
7. Ripple (XRP) | Market cap – $ 25.27 B
8. Dogecoin (DOGE) | Market cap – $ 23.36 B
9. Polkadot (DOT) | Market cap – $ 11.33 B
10. Binance USD (BUSD) | Market cap – $ 11.21 B
11. Uniswap (UNI) | Market cap – $ 9.15 B
12. Bitcoin Cash (BCH) | Market cap – $ 7.79 B
13. Litecoin (LTC) | Market cap – $ 7.47 B
14. Solana (SOL) | Market cap – $ 6.99 B
15. Chainlink (LINK) | Market cap – $ 6.40 B
16. Wrapped Bitcoin (WBTC) | Market cap – $ 6.00 B
17. Dai (DAI) | Market cap – $ 5.47 B
18. Ethereum Classic (ETC) | Market cap – $ 5.32 B
19. Stellar (XLM) | Market cap – $ 5.05 B
20. Polygon (MATIC) | Market cap – $ 5.01 B
21. Internet Computer (ICP) | Market cap – $ 4.20 B
22. THETA (THETA) | Market cap – $ 4.03 B
23. VeChain (VET) | Market cap – $3.96 B
24. Filecoin (FIL) | Market cap – $3.88 B
25. TRON (TRX) | Market cap – $ 3.80 B
26. Monero (XMR) | Market cap – $3.40 B
27. EOS (EOS) | Market cap – $ 3.24 B
28. Aave (AAVE) | Market cap – $ 3.12 B
29. UNUS SED LEO (LEO) | Market cap – $ 2.98 B
30. Crypto.com Coin (CRO) | Market cap – $ 2.68 B
31. Terra (LUNA) | Market cap – $ 2.58 B
32. FTX Token (FTT) | Market cap – $2.55 B
33. SHIBA INU (SHIB) | Market cap – $ 2.43 B
34. PancakeSwap (CAKE) | Market cap – $ 2.41 B
35. Algorand (ALGO) | Market cap – $ 2.31 B
36. Maker (MKR) | Market cap – $ 2.31 B
37. Klaten (KLAY) | Market cap – $ 2.27 B
38. Bitcoin BEP2 (BTCB) | Market cap – $2.26 B
39. Bitcoin SV (BSV) | Market cap – $ 2.21 B
40. Cosmos (ATOM) | Market cap – $ 2.21 B
41. TerraUSD (UST) | Market cap – $ 2.01 B
42. Compound (COMP) | Market cap – $ 1.97 B
43. Neo (NEO) | Market cap – $ 1.94 B
44. Tezos (XTZ) | Market cap – $ 1.93 B
45. Amp (AMP) | Market cap – $ 1.76 B
46. Avalanche (AVAX) | Market cap – $ 1.75 B
47. IOTA (MIOTA) | Market cap – $ 1.74 B
48. The Graph (GRT) | Market cap – $ 1.50 B
49. Hedera Hashgraph (HBAR) | Market cap – $ 1.48 B
50. Dash (DASH) | Market cap – $ 1.47 B
51. Elrond (EGLD) | Market cap – $ 1.38 B
52. Kusama (KSM) | Market cap – $ 1.37 B
53. Huobi Token (HT) | Market cap – $ 1.36 B
54. Decred (DCR) | Market cap – $ 1.36 B
55. BitTorrent (BTT) | Market cap – $ 1.34 B
56. Theta Fuel (TFUEL) | Market cap – $ 1.35 B
57. Waves (WAVES) | Market cap – $ 1.31 B
58. Chilliz (CHZ) | Market cap – $ 1.29 B
59. TrueUSD (TUSD) | Market cap – $ 1.26 B
60. Celsius (CEL) | Market cap – $ 1.18 B
61. NEM (XEM) | Market cap – $ 1.18 B
62. Zcash (ZEC) | Market cap – $ 1.12 B
63. Axie Infinity (AXS) | Market cap – $ 1.09 B
64. Stacks (STX) | Market cap – $ 1.03 B
65. yearn.finance (YFI) | Market cap – $ 1.00 B
66. THORChain (RUNE) | Market cap – $ 946.48 M
67. Decentraland (MANA) | Market cap – $ 934.91 M
68. Helium (HNT) | Market cap – $ 924.18 M
69. Synthetix (SNX) | Market cap – $ 913.93 M
70. Enjin Coin (ENJ) | Market cap – $ 909.94 M
71. Paxos Standard (PAX) | Market cap – $ 896.88 M
72. XinFin Network (XDC) | Market cap – $ 893.52 M
73. Quant (QNT) | Market cap – $ 860.91 M
74. SushiSwap (SUSHI) | Market cap – $ 849.52 M
75. Holo (HOT) | Market cap – $ 805.81 M
76. Nexo (NEXO) | Market cap – $ 768.38 M
77. KuCoin Token (KCS) | Market cap – $ 741.70 M
78. NEAR Protocol (NEAR) | Market cap – $ 719.40 M
79. Basic Attention Token (BAT) | Market cap – $ 718.42 M
80. Flow (FLOW) | Market cap – $ 677.60 M
81. Mdex (MDX) | Market cap – $ 662.68 M
82. Ziliqa (ZIL) | Market cap – $ 646.51 M
83. Bitcoin Gold (BTG) | Market cap – $ 633.51 M
84. Bancor (BNT) | Market cap – $ 629.04 M
85. Harmony (ONE) | Market cap – $ 624.75 M
86. Telcoin (TEL) | Market cap – $ 622.57 M
87. OKB (OKB) | Market cap – $ 617.16 M
88. Celo (CELO) | Market cap – $ 600.64 M
89. HUSD (HUSD) | Market cap – $ 545.86 M
90. SwissBorg (CHSB) | Market cap – $ 537.80 M
91. Ontology (ONT) | Market cap – $ 514.31 M
92. Horizen (ZEN) | Market cap – $ 511.16 M
93. DigiByte (DGB) | Market cap – $ 511.33 M
94. Qtum (QTUM) | Market cap – $ 510.35 M
95. Curve DAO Token (CRV) | Market cap – $ 507.23 M
96. Siacoin (SC) | Market cap – $ 494.63 M
97. Ravencoin (RVN) | Market cap – $ 492.38 M
98. Ox (ZRX) | Market cap – $ 489.31 M
99. UMA (UMA) | Market cap – $ 486.95 M
100. Revain (REV) | Market cap – $ 486.09 M

The following market cap is shown of the date 22 July 2021, because Cryptocurrency value keeps changing soo the market also varies.

FAQs On Cryptocurreny

1. What is cryptocurrency simple words?

Simply , cryptocurrency is a type of digital or virtual money. It serves as ordinary money, such as dollars, pounds, euros, yen, etc. But it has no physical counterparts – Notes or coins that can be carried around, But cryptocurrency exists only in electronic form in virtual world like computers, laptops and mobiles.

2. Is cryptocurrency good or bad?

Investing in cryptocurrency is risky but also potentially highly profitable. Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrency.

3. What is the difference between Bitcoin and cryptocurrency?

Bitcoin is the name of the best-known cryptocurrency, the one for which blockchain technology was invented. A cryptocurrency is a medium of exchange, such as the US dollar, but is digital and uses encryption techniques to control the creation of monetary units and to verify the transfer of funds.

4. Is crypto currency legal?

The sale of cryptocurrency is generally only regulated if the sale

(i) constitutes the sale of a security under state or Federal law, or

(ii) is considered money transmission under state law or conduct otherwise making the person a money services business (“MSB”) under Federal law.

5. What are the disadvantages of cryptocurrency?

The disadvantages of cryptocurrencies

• Scalability. Probably the biggest concerns with cryptocurrencies are the problems with scaling that are posed.
• Cybersecurity issues.
• Price volatility and lack of inherent value.
• Regulations.
• The takeaway.

6. Can a Bitcoin crash?

Whenever something puts Bitcoin’s long-term future in doubt, demand is temporarily stifled and a crash ensues. And if the current crash follows the historical pattern — a drop of 80% or more — Bitcoin still has a long way to fall from where it is right now

7. s there any future in cryptocurrency?

With regards to the future of cryptocurrency, we will definitely see more growth and adoption. Yet, with China’s ban on a cryptocurrency exchange, it is quite uncertain how things might turn out for cryptocurrency trading in the future. A ban from a strong and powerful nation is something we should ponder on.

8. How do I invest in Bitcoins?

Investing or trading Bitcoin only requires an account on an exchange, though further safe storage practices are recommended.

1. Before You Buy Bitcoin.
2. Step One: Choose an Exchange.
3. Step Two: Connect Your Exchange to a Payment Option.
4. Step Three: Place an Order.
5. Step Four: Safe Storage.
6. Alternate Ways of Buying Bitcoin.

9. How does Bitcoin make money?

By mining, you can earn cryptocurrency without having to put down money for it. Bitcoin miners receive Bitcoin as a reward for completing “blocks” of verified transactions which are added to the blockchain.

10. How many Bitcoins are left?

The Supply of Bitcoin Is Limited to 21 Million

In fact, there are only 21 million bitcoins that can be mined in total. 1 Once miners have unlocked this number of bitcoins, the supply will be exhausted.

11. What are the benefits of cryptocurrency?

Now that we have seen a brief overview of what bitcoin is, we can better understand how this leading cryptocurrency provides potential benefits to its users.

• User Autonomy.
• Discretion.
• Peer-to-Peer Focus.
• Elimination of Banking Fees.
• Very Low Transaction Fees for International Payments.
• Mobile Payments.
• Accessibility.

12. Is bitcoin real money?

Cryptocurrency is virtual money based on software. When you purchase cryptocurrency, you purchase a digital asset based on an algorithm. … Unlike centralized currency, which is government controlled, cryptocurrency is decentralized. Its value is controlled by the network based on supply and demand.

13. Can you become a millionaire with cryptocurrency?

Investing in crypto can potentially be lucrative — especially if you invest at the right time. … While it is possible to become a millionaire with cryptocurrency, that doesn’t mean all investors will achieve that goal.

14.How is cryptocurrency created?

Cryptocurrency is created by code.

In many cases, new coins are created when transactions are confirmed by a process known as mining. With that said, while coins like Bitcoin and Ethereum use mining, not every cryptocurrency uses mining to generate new coins, and coins can be created in some other ways.

15. How do u make money from cryptocurrency?

Buy and HODL. This is the most common way of earning money from cryptocurrencies. Most investors buy coins such as Bitcoin, Litecoin, Ethereum, Ripple, and more and wait until their value rise. Once their market prices rise, they sell at a profit.

Journey of becoming a successful person is very much long for some of them and even to short for some, but enjoying our life is one of the most important part of life, like Travelling and many other are their