The meteoric rise in the value of Bitcoin has placed cryptocurrencies on the map as a viable investment option. Bitcoin has surpassed great heights in terms of value since its conception, just over a decade ago. It is the largest cryptocurrency, with a market capitalization of $1 trillion. Though Bitcoin is the most common cryptocurrency, there are currently over 5000 in use, many of which are listed on the CoinSwitch Kuber app. The majority of people, however, are unaware of these currencies.
Several digital currencies have outperformed Bitcoin in terms of returns. Ethereum, the second-largest cryptocurrency, has increased by 750 percent since 2020, outperforming Bitcoin's 600 percent gain.
People recognised cryptocurrencies through the prism of Bitcoin, despite the fact that there had been some older forms of digital currencies since the 1980s. In 2009, an anonymous individual or organisation using Satoshi Nakamoto's pseudonym released a whitepaper on Bitcoin. Its definition rapidly grew in popularity and drew worldwide attention.
Eventually, the crypto market exploded with a slew of Bitcoin-like currencies known as altcoins. Although not all of those currencies have proven to be useful, many have proven to be superior to Bitcoin. Here's a rundown of the most common coins in circulation right now.
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