Brief Guide to New Cryptocurrencies

Though Bitcoin is still the most recognized cryptocurrency throughout the globe, many new altcoins have appeared lately. In this brief cryptocurrency guide, we will shed light on the brand-new cryptos and their current value.

Cryptocurrency Guide to New Altcoins

Binance Coin (BNB)

BNB is a digital coin used at the popular Binance exchange. It is one of the largest online exchange platforms by now. Binance Coin appeared in the spotlight in July 2017. Initially, BNB transactions ran on the Ethereum blockchain. Then, the new crypto received its own blockchain called Binance Chain. The current value of 1 BNB is $426.

Dogecoin (DOGE)

Dogecoin was one of the most discussed cryptos soon after launching in 2013. The matter is that DOGE got its name after a popular Internet meme depicting fun thoughts of a Shiba Inu dog. Creators of Dogecoin jokingly named their crypto in honor of the famous dog that became the logo for DOGE. Despite all skepticism, the meme-inspired coin went viral. Over the last years, DOGE proved itself as a stable asset. The current price of 1 DOGE is $0.24.

Landshare (LAND)

Landshare keeps a low profile among alternative digital coins. However, LAND is getting rather popular among people from the real estate industry. Landshare was created to help people with fast and hassle-free real estate investments directly via a blockchain network. The average price of LAND at the market is around $2.21.

Diem (DIEM)

You may know this cryptocurrency as Libra (a former name). Libra was created in 2017, though it came public a year later in 2018. In 2020, the coin underwent a rebranding and got the name Diem. To some extent, DIEM is a unique digital coin. It grew from the Facebook project. The global social corporation launched its digital currency for fast and secure blockchain-related transactions. Facebook bosses came with the idea of creating their private crypto for the convenience of millions of FB users.

Cardano (ADA)

Cardano is the name of the blockchain network with its own crypto ADA. The peculiarity of Cardano is the so-called “proof-of-stake” algorithm. It means that ADA miners have to place the digital coin as a stake in order to validate an operation. The first ADA blocks were released in 2014. Cardano creators claim that their peer-to-peer network will soon reach the same capitalization as the industry giants. The approximate price of 1 ADA is $2.50.

Previous Article

Leave a Reply

Your email address will not be published. Required fields are marked *