Cryptocurrency analysis aims a providing a comprehensive guide into the cryptocurrency market. Crypto is still a new market, and understanding the price surge can offer opportunities to the traders and investors to have a perfect backing to make the perfect investment choice. In this article, we are going to be learning about the top cryptocurrencies price analysis.
Bitcoin was registered as bitcoin.org in August of 2008. Later, a paper was published ‘Bitcoin: A Peer to Peer Electronic Cash System’ which was authored by Satoshi Nakamoto. Till the day nobody knows who the person is, which was the number Zero in the genesis block. Although, the year was quite rough for bitcoin still dropped an astonishing 73% which opened in $13,850.
Ethereum was launched by Bialik Buterin, who was a researcher and programmer. He initially wrote it in a paper, and later a scripted language was made. A new platform was built with a more universal scripting language which couldn’t be brought. The development was later funded by an online crowd sale which was done in the year 2014. The system later went live and crossed 11.5 million and was mined for sale. Later Ethereum was split into two blockchains. The price of Ethereum dropped science its opening and is at $736.77.
Ripple is a real-time gross settlement system which was developed by the Ripple company. It is also referred to as the Ripple Transaction Protocol or the Ripple Protocol. The roots can be traced to 2004 when a web developer Ryan Fugger created a monetary system which was decentralised and showed effectivity which allowed people to create their own money. Later in 2005, RipplePay.com was launched, which allowed people to ensure that their payments are safe and secure. 2011, saw a rise in digital currency system which was later verified by consensus among the network. Ripple was launched in 2012 where instant global transactions and supporting tokens were represented on a unit of value.
The EOS.IO is a platform which was developed by private company block.one. It started out as open-source software in 2018. There were one billion tokens which were distributed by blockchain. EOS was based on a white paper published in the year 2017. The number of tokens which was distributed it became one of the most known platforms.
Charlie Lee released Litecoin in October 2011, who was a former Google Employee. It was a fork of bitcoin who has the main difference being a smaller block generation. It had an increased maximum number of coins and can be seen scripted by the base algorithm, which allowed the people to have the right access to the coins.