Cryptocurrency | Top3 CryptoCoins | by @abdullhahsafdar
Salam
Now without further more discussion let's start the topic
Cryptocurrency
Cryptocurrency, we can called digital gold because most of the currencies have no physical appearance and many of them are decentralized, no one control them behind. We used software for trading and transactions of cryptocurrency. There are many apps which have millions downloaders and almost all of then trade there. Like Binance, Coin market, Octafx trading and many more.
In the mid of 19th century, all of our economists thinked about how they can fastest the internationally transactions when they buy or sale products. In January2009 , a man named satoshi nakamoto introduced cryptocurrency bitcoin.
Bitcoin
Bitcoin is a digital currency having a strong rate in digital market. With an short age it gained attentions of many users. And people's used this currency for trading and waiting for the market rate, whenever the rate goes on it's peak, investers sales their currency. Businessman also buy currency through their shares and many of them invest in it.
source
When Bitcoin(BTC) first introduced it was nothing or you can cay a worthless coin till year 2010, and in year 2011 it's value touch to 1$ per coin. And from there with in 2 year (According to research) it's price goes up from 1$ to 350$‐1200$ and now BTC is the most buying and selling coin in digital market with a value of 26059 $ wich is equal to 166730 steem coins.
1 BTC value in USD | 1 BTC value in Steem |
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26059$ | 166730 steem |
ETH(Ethereum)
Eth is another largest coin with a huge volumn in today's crypto world. It is the top 2nd coin in value after BTC. In year 2015, It was introduced by many developers of the world through programming to promote and to make presence of cryptocurrency into the world. The 1st value of Eth when it introduced was 0.31$ and now it's top 2nd highest coin in price which is 1845$ (usd dollars) which in steem is 11672steem coins.
1 ETH value in USD | 1 ETH value in Steem |
---|
1845 $ | 11672 steem |
USDT(Tether)
Is called as a stable coin in the world of digital currecy or cryptocurrency. It's value is same from start to now or we can say it is a center point of crypto world. It was launched in year 2014, by developers named Brock Pierce, Craige Sellars and Reeve Collins. People most use USDT for trading whenever the process of buying or selling done because of it's stability Or many users called it a USD Dollar of cryptocurrency because thier prices as it's designed to provide a stable price to all other crypto coins. They both have same value in crypto world or in physical currency world by a 1:1 ratio. The today's price of 1 USDT is 1 USD which is 296 in pkr and almost 6 steem coins
1 USDT value in USD | 1 USDT value in Steem |
---|
1 $ | 6 steem |
Now a days, there are almost 23k different coins in cryptocurrency, which are using for trading but not all are active. Some of coins are worthless for now, but for furture i can't say nothing about it, maybe their value increase in future.
So that's all for now, i'll share more about crypto with more detail in new post. Stay tunned Allah Hafiz.
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Hello dear @abdullahahsafdar
Thanks for sharing your post. But, you are not a part of any club at this time. You have to power up your earning and stay active on the platform in order to join the club. You have a power down history that's why I cannot verify your post at this time.
Thanks.
Oky! I'll power up more steem when i'll earn them, and please let me know whel'll the duration of power down history complete and till there can i upload posts or not?