Thousands of cryptocurrencies are trading with interest in the market boom this year, with new types of virtual currencies being released all the time, but only a few that live long.
Read more: How to Profit from Cryptocurrency Trading 2021 (Top 7 Ways to Invest).
1. BitClout
BitClout is an open source cryptocurrency project and social media platform, and users can buy and sell "Creator Coins", based on their reputation, for example when they do something positive the coin gains value.
When the coin hit the market in June, it started trading at £ 129, but was down to £ 50 in August.
2. Polkadot
Polkadot is one of the last cryptocurrencies to enter the market; It has proven popular with investors and its value has fluctuated so far in 2021, but as of September it has risen since January 1.
Founded in 2017, the Polkadot Project enables cross-chain conversion of any data type or asset, not just tokens, making multiple blockchains interoperable with each other.
In essence, Myron Jobson, a personal finance activist at Interactive Investor, told The Sun that it is an exchange and a translator between many blockchains, most of which are not designed to connect with others.
"To put this in context, developers can choose from a variety of blockchains for building applications, each with their own strengths and weaknesses that they must consider when deciding where to develop.
"Polkadot aims to solve this problem by enabling cross-chain interoperability."
3. Landshare
The Landshare coin was first introduced on August 2, with a starting price of just over £ 2.60, rising to £ 4.10 on August 14, and now has a market capitalization of over £ 1 million. .
Landshare is a DeFi platform on the Binance smart chain and offers a hassle-free alternative to traditional real estate investments.
4. SafeMoon
SafeMoon launched in March and attracted a lot of interest after its price hike in April and is technically not a cryptocurrency but a DeFi token, according to its website.
DeFi stands for Decentralized Finance Token. It is very complex but its main objective is to disrupt the world of finance to allow people to go ahead and lend on peer-to-peer networks, without the need for a bank and, like Bitcoin, they use a complex method called blockchain technology.
SafeMoon claims that it will reward people who buy and keep the cryptocurrency, while those who sell the coin will be punished.
5. Dogecoin
Dogecoin first hit the cryptocurrency market in 2013 as a joke, but it really took off this year, and it has a Shiba Inu dog as its logo.
The image has been turned into an online meme called Doge, which shows the dog surrounded by text in the wordless comic font such as "Wow so much." Dogecoin rose in value this year after receiving endorsements from celebrities like Elon Musk and Snoop Dogg.
6. EverGrow
EverGrow is expected to be the next cryptocurrency to mine this year, and with each transaction, it distributes eight percent of the transaction to all token holders directly to their wallets.
The process is fully automated and each holder will receive a share proportional to the number of coins they own, and an additional one percent is applied to all sales to reduce the volume of trade.
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