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Home Blog Page 4831

Nigeria’s Oil Theft and Unexplainable Illegal Oil Pipeline “Discovery”

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They have all failed us. If not, by now, all of them would be out of jobs. Yes, how do you explain the unexplainable: “The head of Nigeria’s petroleum company told a legislative committee this week that a 4-kilometer pipeline from the Forcados export terminal has been used to steal oil for nine years, resulting in the theft of hundreds of thousands of barrels of oil per day.” People, how did they know when it was installed? Carbon dating or what?

When you lose 600,000 barrels of oil every day (about $48 million per day at $80 per barrel), it means you have no systems. I worked in NNPC Owaza flow station in my first year internship in FUT Owerri. I followed again in the Nigerian Gas Company of NNPC in Moscow Rd, PHC, and was in the team helping to supply Aba glass and ceramic industries hydrocarbons. Later, I did industrial attachment  in Shell Yenagoa flow station in Bayelsa state. In my small experience in the oil and gas industry, pressure matters and metering  was sacrosanct.

If the pressure in the pipeline drops, you suspect a leak. But if there is no drop in pressure, your outbound metering number should match the one at the customer side. So, if you deliver 10 cubic feet of gas from Owaza flow station to Aba Glass, at the end of the week when you travel to Aba to read their meter, it should show the same 10 cubic feet. If there is a variance, it is possibly a leak and that must be investigated. 

So, for Nigeria just to discover that an oil pipeline was “illegally” installed for 9 years, what was happening to readings on pressure and reconciliations on crude oil assets? People, we really need to improve our systems if such a thing can happen considering the technologies I saw more than two decades ago in the oil industry. This is unacceptable.

Subsequently, Bashir Jamoh, director general of the Nigerian Maritime Administration and Safety Agency, said Thursday at a weekly ministerial meeting in Abuja that plans were underway to deploy round-the-clock surveillance to watch for oil theft. He said the operation would include manned and unmanned aircraft, helicopters, ships and armored vehicles, all connected to a headquarters known as the C4i Center.

Jamoh said selected officers from the agency were undergoing three weeks of training in Italy to enable them operate the aircraft. He said the drones “can move up to 100 kilometers and can remain 10 hours in one place, taking data and sending it to our own operations centers for possible intervention.”

Officials from the Nigerian National Petroleum Company on Tuesday announced the discovery of the pipeline being used to steal oil.

Jamoh said the pipeline was uncovered during a raid weeks ago. Authorities have not said who built it, and no arrests have been made.

Experts said the discovery of the underwater pipeline showed formerly unknown levels of sophistication among oil thieves.

Mele Kyari, managing director of the national petroleum company, said Nigeria was losing an alarming 600,000 barrels of oil every day, triple the figure initially estimated.

But Emmanuel Afimia, founder of an Abuja energy consulting firm, said it was not only oil theft that was contributing to Nigeria’s huge oil losses.

Bitcoin vs. Ethereum: Which One Is Better?

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Ethereum and Bitcoin are both considered the leading cryptocurrencies and they may already be in your portfolio. But which one has the most potential going forward?

While crypto assets in general are not a safe investment, Bitcoin may have less risk than Ethereum because it has more demand and has a long track record. However Ethereum may have more potential growth over the long time.

Ethereum vs. Bitcoin: Which Is the Better Buy?

Is Ethereum better than Bitcoin? Ethereum has better technology and provides more uses than Bitcoin, however, Bitcoin has a lower supply and more liquid than ETH. Crypto investing is high risk, so before you invest in Bitcoin or Ethereum, make sure you’re willing to tolerate the high level of risk.

Ethereum and Bitcoin, two of the best cryptocurrencies, have been mainstays of many investors’ portfolios. Even the lay investor knows about them, which is why they’re perhaps the two Cryptocurrencies our trading-community friends and students most frequently ask us about.

Specifically, what they ask are: What is the main difference between Ethereum and Bitcoin? Is Ethereum a better investment than Bitcoin? Which is the best investment going forward? With that in mind, we thought it might be useful to break it down with the Ethereum vs. Bitcoin tale of the tape.

There are more than 21,000 cryptocurrencies in circulation, with a total market cap of $2.5 trillions. But despite the huge range of choice for investors, two coins dominate the market: Bitcoin and Ethereum.

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Virtual currencies are highly volatile. Your capital is at risk.

Ethereum vs. Bitcoin: Critical Differences Between The Two

Bitcoin is the biggest crypto on the block. Ethereum is in second place. But with a different market cap ETH won’t be stealing the top spot any time soon.

Early-stage investors in Bitcoin and Ethereum made huge profits and both coins are still popular choices for first-time speculators. But now that the initial gold rush is over, knowing what your investing in is more important than ever.

So is Ethereum a better investment than Bitcoin? Is it too late to invest in Bitcoin? Should you invest in Bitcoin and Ethereum at the same time?

And, perhaps most importantly, what is the difference between Bitcoin and Ethereum?

Find it out in our detailed Ethereum vs Bitcoin comparison guide.

What is Bitcoin?

Bitcoin is a decentralized digital currency that can be sent between users without a third-party intermediary. Bitcoin is not an application or technology. It is, quite literally, money in digital form. The very first transaction occurred in 2010 when a computer developer called Laszlo Hanyecz bought two Papa John pizzas for 10,000 Bitcoins. At the current valuation, those 10,000 Bitcoins are worth around $550million!

Bitcoin was created in 2008 by a person (or group of persons) using the pseudonym Satoshi Nakamoto. Satoshi wanted to create a ‘trustless’ currency that was 100% independent. In a sense, Bitcoin was an attempt to democratize money, and it’s no coincidence that the first coin came out in 2009, just a year after the credit crunch.

The 2008 financial crisis led to accusations that the banks had severely mismanaged people’s money, committed widespread fraud, and were then protected by governments. People felt disillusioned; many still do. Bitcoin offers an alternative form of finance that cannot be controlled or manipulated by a central power.

Unlike fiat currencies such as the pound or dollar, Bitcoin is not issued by a central bank. Instead, they’re created and released as a reward for a process called mining. Miners are the people who process the transactions on the blockchain, creating a permanent and 100% secure record of every Bitcoin transaction.

Think about miners as administrators or a decentralized authority that helps enforce the credibility of the Bitcoin network. Put simply, Bitcoin’s blockchain network is a system that ensures one coin always equals another coin, no matter where it’s sent or how many times.

Miners receive Bitcoin at a fixed, yet declining rate. This is because the Bitcoin algorithm was pre-programmed to limit the supply of coins to 21million. Around 18.6millin Bitcoins have been mined in the last ten years. But because mining becomes increasingly difficult after every new coin, experts think it will take another 120 years to dig up the remaining 2.4 million.

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Virtual currencies are highly volatile. Your capital is at risk.

What is Ethereum?

Ethereum is more than just digital money. It’s also an open-source blockchain for conducting transactions, referred to as decentralized digital applications (dapps) or smart contracts.

Smart contracts are 100% secure, require no third-party intermediary, and can codify, decentralize, and trade just about anything. All of this requires power and energy. So to cover the cost, the Ethereum network creates tokens called Ether; this is the fuel that powers smart contracts. Ether is also the cryptocurrency that you can buy, sell, or trade.

A smart contract could be as simple as selling a second-hand bicycle or setting up a fundraising initiative without going through a crowdfunding site. Alternatively, smart contacts could facilitate complex financial agreements, including credit approvals, property purchases, insurance premiums, and much more. In other words, “smart contracts” could automate extremely complex transactions in a way that is fast, secure, and completely transparent. Agreements that now take days and weeks to finalize could happen in a matter of minutes, or maybe even instantaneously.

And this is only the tip of the iceberg. Ethereum’s secure blockchain technology could make online voting a real possibility, ushering in a new age of democratic engagement and representation. It could also revolutionize the healthcare and legal industries, logistics, telecommunications, streaming services, education, social media, and e-commerce.

Ethereum’s biggest fans think this blockchain technology will form the basis of an entirely new internet, or what experts are calling Web 3.0. In theory, the new web would be completely decentralized, giving users a chance to take back control of their information and create an organic online identity.

This user-centric approach would incentivise the creation of networks where people and companies develop products and services that benefit everyone. It would also put an end to some of the more problematic big-tech practices we see today, including data mining, censoring particular political views, and manipulating user experience to create more addictive platforms. To look at this another way, web 2.0 treats users as consumers or units; Web 3.0 would enable users to be individuals.

As you can see, much of Ethereum’s value comes from its future applications. But will all this potential turn into a reality? Well, many people certainly think so. Ethereum has received public backing from some major players in the financial and tech spheres.

The Enterprise Ethereum Alliance (EEA) is a global community of more than 140 blockchain leaders, adopters, innovators, developers, and businesses from around the globe. Some of its most prestigious members include investment giant JP Morgan, Santander Bank, and British Petroleum (BP), as well as tech-giants Microsoft and Intel. The EEA helps promote the benefits of blockchain technology. It’s also working on building business-ready versions of the Ethereum software.

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Virtual currencies are highly volatile. Your capital is at risk.

Ethereum vs. Bitcoin: What Is the Difference Between Both?

While Ethereum and Bitcoin share many similarities, they were designed for entirely different purposes. And understanding how (and why) they differ is something you’ll need to know before you can make a sound investment choice.

So here’s a breakdown of the main difference between Bitcoin and Ethereum and what they mean for you as an investor.

1.    Supply

Ethereum is unlimited. The supply is continuous, although it will slow down as more coins are produced. Bitcoins are limited to 21million. Over time, this finite supply will increase demand, pushing up the value of each coin.

2.    Use

Bitcoin is digital money that can be exchanged at any time. It’s also a digital asset with a store of value. That means it can be saved, retrieved, and traded at a later date. This is why many investors see Bitcoin as digital gold.

Ethereum is different. Its currency, Ether, is linked to smart contracts, and can only be traded after a set of predetermined conditions have been met.

For example, a Bitcoin transaction would look something like this: person X sends 10 BTC (Bitcoins) to person Y.

A smart contract could be written in this way: send 10 ETH (Ether) to person Y from person X if X’s balance is 10 ETH or more and the date is 01/01/2021.

Broadly speaking, Bitcoin is money, whereas Ether is a fuel that powers the Ethereum network. In fact, it’s often referred to as gas.

3.    Speed

Ethereum can verify transactions (or blocks) within 20 seconds. It takes Bitcoin around 10 minutes to process each block.

4.    Reputation

Bitcoin is over 10-years old. It’s the one cryptocurrency that most people have heard about. Bitcoin has an established reputation and is now accepted by major retailers, including Microsoft, Starbucks, and BMW. So if (or more likely when) crypto goes mainstream, Bitcoin has a strong chance of becoming the currency of choice.

5.    Price

At the time of writing, Bitcoin is trading at around $48,000 per coin. Ethereum is hovering at the $3,789 mark. So for first-time investors with a more limited bankroll, Ethereum is probably more attractive option.

6.    Technology

The Bitcoin and Ethereum blockchains are always being updated. But experts tend to agree that Ethereum technology is more advanced and robust. It’s faster and the transaction fees are cheaper than Bitcoin’s. Moreover, programmers are currently working on a major upgrade, known as Ethereum 2.0.

The new platform will simplify Ethereum’s blockchain, increase user security and transaction speed, and reduce barriers to entry, making the network accessible to anyone with a standard laptop. There’s no official release as of yet. But advanced testing is already underway, and programmers are optimistic that the platform will be fully operational by the end of 2020.

Adam Cochran is a crypto analyst and former marketing director of Dogecoin. He thinks a fully functional 2.0 platform will create a huge bull run on Ethereum. According to Cochran, this could send Etheruem’s price ‘to the moon.’ So if you’re thinking about taking a punt on Ethereum, now might be a good time.

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Virtual currencies are highly volatile. Your capital is at risk.

Is Ethereum A Better Investment Than Bitcoin?

At the moment, it’s hard to say if Ethereum is a better buy than Bitcoin. Both have very different purposes. Whether one is better than the other largely depends on what you’re looking for, as well as a range of other personal factors. These include the size of your bankroll, whether you’re excited about short or long-term gains, and your aversion to risk.

Bitcoin is still the most dominant asset in the crypto space, and by quite a distance. It’s well established and was designed to gain value over time. Bitcoin might not promise big returns in the immediate future, but it’s the kind of investment that you’d still want in your portfolio in 10 or maybe 20 years.

For many investors, Ethereum’s real value is not tied to its scarcity or its current applications. Instead, Ethereum’s present (and future) value is intrinsically linked to its potential to revolutionize the digital space and the way we do business. Ethereum smart contracts could change everything from mortgage transfers to the way we create and consume online content. Moreover, the most exciting future applications of Ethereum will probably be the ones that we haven’t even thought of yet.

Investors who put their money into Ethereum do so in the hope that the technology will reach its full potential. And there are many indications that it could happen. As well as big-time backers like Microsoft and JP Morgan, many other investors are impressed by Ethereum’s technology.

When it comes right down to it, the ultimate debate between Bitcoin and Ethereum as investments comes down to an investor’s risk profile. Both are promised to perform well over the long time. Bitcoin is the more mainstream and stable of the two.

Gil Penchina is an American business manager and angel investor. He’s helped more than 100 tech start-ups get off the ground, including PayPal and LinkedIn. Here’s what he has to say about the Ethereum platform: “It’s clear to me now that Ethereum is the new currency of the Internet. It’s way ahead of where Paypal was in its day, and it’s much more exciting to its customers than Paypal ever was.”

Read More: Pros and Cons of Investing in Ethereum

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Virtual currencies are highly volatile. Your capital is at risk.

Tale of the Tape: Ethereum Vs. Bitcoin

Launch Year: Ethereum 2015, Bitcoin 2009

Available Coins: Ethereum 115M, Bitcoin 18.6M

52- Week Growth: Ethereum 450%, Bitcoin 140%

2-Years Growth: Ethereum 2850%, Bitcoin 70%

3-Years Growth: Ethereum 1950%, Bitcoin 140%

5-Years Growth:  Ethereum 1103%, Bitcoin 6880%

Bitcoin VS Ethereum: a Genuine Power Struggle?

An issue that is increasingly coming to the fore – not just for cryptocurrency but for commerce in general – is that of sustainability. Leading voices from the world of business have recently drawn attention to the fact that the Bitcoin network consumes power at the same rate as a small country.

In fact, Cambridge’s Center for Alternative Finances estimates that a single Bitcoin transaction has the same carbon footprint as 680,000 Visa transactions or 51,210 hours worth of YouTube surfing, according to the site. Ethereum is no shrinking violet in this department, but its power consumption is still significantly smaller than that of Bitcoin.

The power consumption relates to the way each cryptocurrency is mined – with computer systems requiring huge amounts of power to be successful at unlocking their rewards.

The environmental concerns should not be dismissed by anyone looking to invest in Ethereum or Bitcoin either. As more and more countries legislate to reduce carbon emissions, this could well prove a key battleground for the crypto market and, if that turns out to be the case, then Bitcoin could already be on the back foot.

One of Ethereum’s major upgrades includes a shift to the proof of stake mechanism. This protocol sees validators on the network put up a stake as collateral. A bigger stake effectively means a validator gets proportionately more chances to solve the block equations required to verify transactions and unlock the ETH reward.

The shift to Proof of Stake is predicted to cut Ethereum’s energy consumption dramatically, as founder Vitalik Buterin states: “The PoW part is the one that’s consuming these huge amounts of electricity. The blockchain transactions themselves are not super computationally intensive.”

This shift will give Ethereum an advantage when it comes to environmental credentials, which could in turn see it being a far more viable network as the world moves towards lower carbon emissions.

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Virtual currencies are highly volatile. Your capital is at risk.

Bitcoin vs Ethereum: What the experts say

There is no shortage of Bitcoin supporters in the world of business and finance. Of course, this year, the biggest news has been Elon Musk’s firm Tesla acquiring $1.5 billion worth of BTC as part of its long-term investment strategy. However, Morgan Creek Digital’s Anthon Pompliano is also confident in Bitcoin, predicting that it will reach $100,000 by the end of 2022 and even going as far as to say that BTC could eventually hit $1 million per token – though he stopped short of giving a timeframe on this.

Similarly, Galaxy Digital investment guru Mike Novogratz is also bullish on BTC, also predicting it to hit the $100k mark before the year 2022 is out.

So what about Ethereum? Suffice to say, altcoin doesn’t quite have the high-profile backing that Bitcoin has, but there are still plenty of voices of support out there. Managing partner at Blocktown Capital, James Todaro, is overwhelmingly bullish on ETH, believing it will reach a staggering $9,000 before the end of 2022.

Mr Todaro’s prediction was echoed by Simon Dedic, the Co-founder of Blockyre, who also believes Ethereum has the potential to reach $9000. However, he did not speculate when this price point might be reached.

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Bitcoin vs Ethereum: Price History

Bitcoin

Bitcoin’s price movement has already become the stuff of legend. Initially trading at pennies, BTC reached parity with the US dollar in 2011. By 2013, the price of a single Bitcoin had reached an impressive $1,242 – yielding returns of hundreds of percentile points for those who had the foresight to invest in Bitcoin early on.

It’s fair to say the price trajectory of BTC hasn’t been a linear one – after reaching $19,783 in 2017 the bubble famously burst and saw prices tumble to $3,300 the following year. However, overall Bitcoin has increased in Value and by November 2020 it had regained the $20,000 price point.

This is where things started to get interesting. Heading into 2021, BTC has been on a record-breaking run, smashing through the $50k barrier in February. There was then a slight dip, before BTC was on the move again – this time going past $68,000 per token, amid continued interest from major corporations and institutional investors. Due to 2022 crypto sell off, the prices of major cryptocurrencies declined badly, at the time of writing the price of Bitcoin is trading around $19,000 per BTC.

Ethereum

Much like Bitcoin, Ethereum prices also remained unremarkable for the first couple of years of its existence. The first really notable movement came at the end of 2016 and into early 2017 when Ether hit the $10 mark.

Ethereum’s big price surge arrived in January 2018, when prices skyrocketed to almost $1,400, firmly establishing ETH as one of the top altcoins. However, this proved to be another bubble that burst and over the next few months prices tanked to around $85 per token. Ethereum then looked to be something of a damp squib for a while, as prices struggled against a barrier of $250 – meanwhile, Bitcoin seemed to be recovering well from its own downturn.

Fast forward to the winter of 2020 and Ethereum was well on the road to recovery, as the cryptocurrency market underwent a widespread upturn. Prices reached $741 by the end of December and continued to climb until they reached a record high of $4,812.72 in November 2021. Since then, Ethereum has experienced a dip in prices but at the time of writing was trading at an impressive $1450.

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Virtual currencies are highly volatile. Your capital is at risk.

Should I Invest in Ethereum or Bitcoin?

If you still can’t decide between investing in Ethereum or Bitcoin, then you don’t have to!.

As you’ve probably figured out, Ethereum was never intended to replace Bitcoin. So rather than seeing Bitcoin and Ethereum as direct competitors, it’s worth thinking about these technologies as complementary platforms with the potential to underpin very different aspects of a digitized financial economy. In other words, the future of crypto is not a winner takes all game; Bitcoin and Ethereum can both ‘win.’

Splitting your funds between different assets is called diversification. Diversification is a common practice for all types of investors, including billion-dollar hedge fund managers. It’s a way of minimizing risks, creating more opportunities for return, and safeguarding your assets from adverse market cycles.

How you diversify your portfolio is up to you. One option is to split the funds 50/50. But if you’re more excited by Bitcoin, you could go for a 70/30 split or vice versa if you think the future belongs to Ethereum.

If you are interested in buying both or one of the leading cryptos please read our best crypto exchanges today.

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Virtual currencies are highly volatile. Your capital is at risk.

Ethereum vs. Bitcoin Conclusion: Is Ethereum A Better Investment Than Bitcoin?

Ethereum has many benefits over Bitcoin. It’s more versatile, has better technology, and has far more real-world applications.

Compared to Bitcoin, Ether is also relatively cheap, making it much more accessible to investors with a smaller bankroll. At the current valuations, you could buy around 30 Ethereum for the price of a single Bitcoin. And given the technology’s potential and impressive list of backers, investing in Ethereum now is a chance to buy low and sell high in the future.

But Bitcoin is here to stay. And although it (probably) won’t revolutionize the digital space in the same way as Ethereum could, Bitcoin’s established ‘brand’ and increasing scarcity makes it an appealing proposition for more cautious investors with an eye on the long-term.

In the end, the final decision comes down to you. What kind of investor do you want to be? Which technology excites you more? And which is currently the most undervalued?

Figure out the answer to that question, you’ll definitely know if Ethereum is a better investment than Bitcoin!

In summary, both Ethereum and Bitcoin are considered as the best cryptocurrencies to invest in.

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Virtual currencies are highly volatile. Your capital is at risk. 

FAQs

Will Ethereum pass Bitcoin?

According to experts, Ethereum’s future is optimistic and likely to increase in value as time goes on. Given time, Ether could pass Bitcoin. 

Bitcoin vs Ethereum – which is better?

Ethereum has been dubbed by some as the Bitcoin killer and is certainly gaining traction however the following of Bitcoin is currently stronger. Both have their advantages so only time will tell if Ether is better than BTC.

Technically speaking, Ethereum has some advantages over its predecessor but at the time of writing the Bitcoin community seems a lot stronger – only time will tell which coin will win out.

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Virtual currencies are highly volatile. Your capital is at risk.

Top 10 Popular Cryptocurrencies In The USA Today

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Searching for the most popular cryptocurrencies in the USA? Read on. We’ll be explaining what are the top 10 most popular cryptos and how you can start trading cryptocurrency in the USA.

While there are over 21000 crypto coins today, investors are only interacting with a handful of the most popular cryptocurrencies in the US.

Some of the features that all these coins have in common include listing with virtually all the most popular crypto exchanges, attractive past performance, and a massively promising future price action.

But what are these most traded cryptocurrencies in the USA? Even better, where can you buy them today?

We answer both these questions in this guide and provide you with a step-by-step guide on how to buy the most popular cryptocurrencies in the US today.

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Most Popular Cryptocurrencies In The USA

Here is an outline of the most popular cryptocurrencies in the USA. In the section below, we will tell you what makes them popular and how you, too, can start interacting with the most popular cryptocurrencies in the USA.

  • Bitcoin (BTC) – Overall Most Popular Cryptocurrency To Buy In The USA
  • Ethereum (ETH) – Most Popular Among Long-Term Investors
  • Dogecoin (DOGE) – Most Popular Meme Coin
  • Ripple (XRP) – Most Controversial Cryptocurrency
  • Shiba Inu (SHIB) – Best Performing Meme Coin To Buy Before Next Rally
  • Bitcoin Cash (BCH) – Most Popular Bitcoin Alternative
  • Binance Coin (BNB) – Most Popular Exchange Linked Cryptocurrency
  • ApeCoin (APE) – Most Popular New Cryptocurrency
  • Solana (SOL) – Most Popular Growth Crypto
  • Cardano (ADA) – Popular & Undervalued Cryptocurrency

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Virtual currencies are highly volatile. Your capital is at risk

A Closer Look At The Most Popular and Traded Cryptocurrencies In The USA

As of today, more than 51% of the American adult population was estimated to have bought a cryptocurrency in the last 12 months. Another crypto study indicated that 29% of all millennial parents owned cryptocurrencies.

But what cryptocurrencies are these individuals interacting with? Our team of analysts set out to find the most popular cryptocurrencies in the US with the most potential upside and settled on the following top 10 digital coins.

Let us discuss each of these cryptos in detail, identify the factors that make them increasingly popular among US crypto investors, and tell you why you, too, should consider investing in a few today.

1. Bitcoin (BTC) – Overall Most Popular Cryptocurrency to Buy in the USA

Bitcoin is the most popular cryptocurrency in the US. It is also one of the most traded cryptocurrencies in the US. Multiple surveys and studies have also ranked it as the most recognizable crypto asset in the country, with 9 out of every 10 Americans saying they have heard about the legacy digital asset in the past.

A recent report by the New York Digital Investment Group further indicated that more than 22% of the US adult population currently own or have bought BTC in the past. We might add that the US is home to the largest Bitcoin mining farms – accounting for 35% of the Bitcoin mining hash rate.

This popularity can be attributed to a host of factors. Among them is Bitcoin’s usability – noting that even though Bitcoin isn’t a legal tender in the US, the number of individuals, physical stores, and ecommerce platforms accepting BTC payments has been on a steady rise.

It could also be attributed to the media attention – both mainstream and digital media – that BTC has received. Bitcoin was particularly a major news item throughout early and late 2021 when it rallied at unprecedented rates – shuttering previous price records – to peak above $64000.

It is also popular because it has been publicly adopted by a lot of A-list celebrities like Kanye West and Snoop Dogg, entrepreneurs like Elon Musk and Mark Cuban, as well as enterprises like Tesla and Microstrategy. But even more importantly, it is popular because its price is expected to continue rising, which has seen most investors adopt it as a store of value and as a useful tool for fighting inflation.

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2. Ethereum (ETH) – Most Popular Crypto in the USA Among Long-Term Investors

Ethereum is the second most popular cryptocurrency in the US – following closely behind Bitcoin. It is also one of the most traded cryptocurrencies here with a growing number of digital wallets holding the altcoin. It is particularly popular among long-term investors because of its massively promising future.

Ethereum is a good investment due to Its popularity that can be attributed to such factors as its close association with all the leading crypto technologies. These include metaverses like Decentraland, meme coins like Dogecoin, dApps, DeFi protocols like Aave, DEXs like Uniswap, and NFTs like BAYC all of which are housed on the Ethereum network.

It is also massively popular among crypto investors because of its stellar past price performance – seeing that by the time it peaked in late 2021, its ROI exceeded 163000%. By the turn of the decade, ETH is expected to rally by a further 19000% and break above $190,000 – which has drawn in a lot of future-focused investors.

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Virtual currencies are highly volatile. Your capital is at risk

3. Dogecoin (DOGE) – Most Popular Meme Coin in the USA

Dogecoin is arguably the most popular meme currency in the US. And we attribute its surging popularity to 5 key features. First is the Elon Musk factor as the entrepreneur has constantly been popularizing it to his 100 million followers on Twitter and different speaking engagements.

On Reddit, Dogecoin – and other social media networks by extension – Dogecoin has acquired a massive following. This community has played a key role in popularizing Dogecoin through memes, views, reviews, and keeping its price on an uptrend through well-coordinated price pumps.

Dogecoin also makes it to the list of most popular cryptocurrencies in the US because of its stellar past price action. In early 2021, for instance, DOGE made headlines when its price shot up by more than 10000%. Moving forward, Dogecoin is expected to replicate these gains – probably before or during the next crypto market rally.

All these, plus its accessibility – seeing that it currently is listed with virtually all the most popular crypto exchanges – have played a critical role in making DOGE one of the most popular and most traded cryptocurrencies.

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4. Ripple (XRP) – Most Controversial Cryptocurrency in the US

Ripple has also dominated mainstream and digital media headlines. But unlike the rest of the most popular cryptocurrencies in the US, Ripple makes it here because of the controversy brought about by the ongoing SERC case against Ripple labs. It all started in December 2020 when the SEC filed a case against Ripple Labs and its directors, accusing them of selling unregistered securities to US residents.

Over time, however, Ripple has won several court battles against the SEC, and this has most analysts convinced that XRP has a high chance of winning this case. This has also sparked significant investor interest in the coin. The case has also earned XRP a lot of sympathy from the crypto community, with a majority of them rallying behind the coin and helping maintain its position among the top 10 most valuable cryptos.

Stellar is also popular in the US because it has posted stellar past price action. During its peak in early 2018, for example, XRP token prices were already up by more than 70000%.

Moving forward, analysts are confident that Ripple will replicate these gains in the future – especially if it wins against the SEC. Some expect the XRP price prediction to grow as much as 16000%+ by the turn of the decade to break above $50.

We must also add that in addition to the SEC battle, it has also had to deal with an extended crypto winter and volatile market crashes – like any other cryptocurrency. And it has proved its resilience by quickly rebounding after a value dip and maintaining a near-permanent position among the 10 most valuable cryptos.

These two – a promising future and proven resilience – have not just helped Ripple grow its popularity. They are some of the key reasons why you should consider buying these top cryptocurrencies in the US.

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Virtual currencies are highly volatile. Your capital is at risk 

5. Shiba Inu (SHIB) – Best Performing Meme Coin To Buy Before Next Rally

With a fast-growing ecosystem and community, Shiba Inu is one of the most popular cryptocurrencies in the USA.

Thanks to its dedicated community and potential use cases, Shiba Inu is more than just a meme coin. SHIB is an ERC-20 token that allows it to take advantage of the technology that Ethereum possesses. The project is a decentralized, community-building experiment developed within the Shiba Inu ecosystem. The SHIB coin has gained massive popularity in the US cryptocurrency market, as a popular choice among investors, especially in the light of a bear market in Bitcoin and Ethereum.

One key feature of SHIB that makes it a potential cryptocurrency to buy now is its decentralized exchange, ShibaSwap. Users can trade several digital coins, and the developers are also planning to introduce NFT trading on the platform in the coming years. Unlike Dogecoin, Shiba Inu also has a whitepaper dubbed by its creators as Woof Paper that describes the token’s purported goals and future developments. Moreover, SHIB is one of the most popular cryptocurrencies in the US market, as leaders of international chat rooms, social media influencers, and meme-makers are a part of the community that drives the token’s success.

Yet another significant reason why SHIB token is worth watching today is that it is slowly growing into a vibrant ecosystem with potential use cases and utilities. Also, the token is now accepted by platforms like Shopping.io, which lets users buy goods from places such as Amazon, eBay, and Walmart using crypto.

Yet another reason why Litecoin features among the most popular cryptocurrencies in the US – and one of the reasons why you too should buy the altcoin is its promising future. Moving forward, SHIB is expected to recapture its peak price and rally by as much as 400% by the end of 2023.

Moreover, the token is available in some of the most popular exchanges worldwide. Therefore, it is the best time for US investors to buy SHIB as the coin is at its prime popularity and is valued in pennies.

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Virtual currencies are highly volatile. Your capital is at risk 

6. Binance Coin (BNB) – Most Popular Exchange Linked Cryptocurrency

Binance Coin continues to dominate the crypto trading niche. It recently overtook Coinbase as the centralized exchange with the most Bitcoins but also threatens to overtake it as the most popular exchange with the highest trade volumes in the US.

But the fast-rising crypto exchange isn’t the only thing making BNB coin the most popular cryptocurrency in the US. Others include its close association with the fast-expanding Binance Smart Chain – a smart contract blockchain.

Binance coins are also popular because they have performed exemplarily well in the past. Having debuted into the market with an ICO price of $0.15 in 2017, BNB price peaked at $676 in 2021 – more than 450000% above its introductory price and making it one of the most lucrative investments.

Moving forward, a number of factors are expected to continue fueling BNB coin prices – making it an excellent choice for future-focused crypto investors. First is the growing popularity of the Binance exchange and Binance smart chain, which increases demand for BNB coins.

Secondly, Binance has committed to burning 50% of the BNB token supply – which would catapult the token’s prices to unimaginable heights, especially when you consider the rapidly growing demand for BNB coins.

>>>Buy BNB Coins Now<<<

Virtual currencies are highly volatile. Your capital is at risk

7. ApeCoin (APE) – Most Popular New Cryptocurrency

ApeCoin is the newest of the most popular cryptocurrencies in the US. There are a host of reasons why the altcoin, which is only a few months old, became one of the most talked about and one of the most traded cryptocurrencies in the US today. First is its attractive price action – evidenced by the fact that it was able to rally in early 2022 while the rest of the market underwent a devastating contraction.

Secondly, APE is popular because of its close association with equally popular NFT projects, seeing that it is the utility token for BAYC and MAYC NFTS. These NFTs are collected by A-list celebrities like Kevin Hart, Justin Bieber, Madonna, and Tom Brady as well as crypto influencers like Gary Vee. These have made APE tokens insanely popular among crypto investors.

ApeCoin is also popular because it is new and full of untapped potential – which gives it a massively promising future. It, for instance, only recently launched the Otherside metaverse that is full of promise. ApeCoin developers have also hinted about leaving Ethereum and launching their own mainnet to escape the high gas fees and low transaction speeds that characterize the ETH network.

These factors have helped make ApeCoin one of the most popular cryptos in the US. Moving forward, they are expected to fuel value gain for the APE token, which makes it one of the best buys today.

>>>Buy ApeCoin Now<<<

Virtual currencies are highly volatile. Your capital is at ris

8. Bitcoin Cash (BCH) – Most Popular Bitcoin Alternative

A host of factors have helped Bitcoin Cash maintain relevance and become one of the most popular cryptocurrencies in the US. First is its ease of accessibility, seeing that it is already listed with virtually all the most popular crypto exchanges in the country. This was given a further boost by PayPal when it included it in the list of crypto exchanges that can be traded on its accounts.

It is also popular because it has been welcomed as an excellent alternative to Bitcoin by most physical and ecommerce stores that accept crypto payments. Like Litecoin, BCH is largely favored because of its fast transaction processing speeds and affordable trading fees.

Moving forward, Bitcoin cash prices are expected to sustain an uptrend – rallying by an estimated 7500%+ to tear above $9000 by the turn of the decade. This promising future makes it one of the top cryptocurrencies in the US, particularly among long-term crypto investors.

>>>Buy Bitcoin Cash Now<<<

Virtual currencies are highly volatile. Your capital is at risk

9. Solana (SOL) – Most popular Growth Crypto

Solana is one of the fastest-growing smart contract ecosystems. The price of its SOL tokens has also grown at tremendous rates in the recent past – by more than 130000% in the last two years. Both these factors have captured the American investor’s attention and helped make Solana one of the most popular cryptocurrencies in the US.

The Ethereum-killer is considered one of the best growth cryptos to invest in today because of its massively promising future. Solana is faster, more affordable, developer-friendly, and more dynamic than most other smart contract platforms – including Ethereum. It just started expanding its ecosystem to include as many of the programs and features available on Ethereum – but this has already had its value rise by more than 1000X.

Moving forward, and as Solana integrates more programs and protocols, its SOL token prices are expected to rally to newer heights – as high as 5000% by 2030. Buying the today would, therefore, mean getting in at a 12000%+ discount – and this has had all future-focused crypto investors rushing to accumulate SOL tokens.

>>>Buy Solana Now<<<

Virtual currencies are highly volatile. Your capital is at risk

10. Cardano (ADA) – Popular & Undervalued cryptocurrency

Cardano is an equally-promising digital coin. It is one of the most traded and popular cryptocurrencies in the US because it is considered undervalued. Both technical and fundamental analysis of the coin indicates that it is grossly undervalued and that ADA is due to embark on upward price correction – anytime.

For the longest time, the only thing holding Cardano’s price back from exploding was its peer-research requirement. This made it rigid and was, in effect, overtaken by newcomers like Solana and Avalanche, who were quick to adopt new crypto technologies.

But in late 2021, Cardano’s ecosystem growth started picking pace when it integrated the smart contract feature. This has opened the floodgates of innovation on the platform as it allowed for the integration of DeFi, dApps, and Web3 protocols.

These and Cardano’s unmatched commitment to security have seen developer activity and the number of on-/off-chain brands interested in building on the network rise. These are precursors of value gain for any crypto asset as they push up the demand for its tokens.

The general feeling is that Cardano has the potential to overtake Ethereum as the most used smart contract platform. But before it flips ETH, analysts are confident that ADA will have grown its investor portfolios by more than 6000% by the turn of the decade when its price races past 6000%. This massively promising future doesn’t just inform its popularity but also confirms why you should consider buying ADA today.

>>>Buy Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk

Where To Buy Popular Cryptocurrencies In The USA?

Virtually all the most popular crypto exchanges in the world have set up shops in the US. There simply is no shortage of crypto trading platforms that list all the popular cryptocurrencies we have discussed above.

We, however, would recommend registering an account and buying crypto from one of the following crypto exchanges:

  • eToro – Best exchange to buy crypto for beginners in the US. eToro has a straightforward account registration process, maintains an easy crypto trading process, and integrates social and copy trading tools.
  • Coinbase – Best exchange to buy crypto instantly in the US. Coinbase is deeply liquid, lists many cryptos and trading pairs, and has an intuitive trading interface.
  • Binance – Best exchange to buy crypto at low fees in the US. Binance is deeply liquid, lists one of the widest range of cryptocurrencies, and insures clients’ digital assets held in their exchange-based digital wallets.

>>>Buy Popular Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk

Conclusion – Most Popular Cryptocurrencies in The USA Today

Crypto investments are all the rage in the US as more and more individuals and institutions seek to future-proof their investments against inflation and the looming economic recession. But not all digital assets are good stores of value or excellent hedges, as evidenced by the rise of investor interest in sustainable and promising crypto assets shoot to new heights.

In the above post, we have introduced you to the most popular cryptocurrencies in the US today. We have told you what makes them popular and why they are worth buying during the current crypto market dip.

Want to buy one or a couple of the most traded cryptocurrencies in the US? Follow the step-by-step guide to buying cryptos on eToro above, which teaches you how to start buying crypto on the all-popular exchange in less than 10 minutes.

FAQs On Popular Cryptocurrencies USA

What are cryptocurrencies?

A cryptocurrency is a wholly digital currency and an alternative form of payment. But unlike fiat currency printed by the government and stored in the Federal Reserve, digital currencies are created using cryptographic technology and maintained on a highly decentralized blockchain.

What is the most popular cryptocurrency in the USA?

Bitcoin is by far the most popular cryptocurrency in the USA. It is not only the most recognized crypto asset but also the most purchased cryptocurrency both by individuals and institutional investors.

Where do I buy popular cryptos in the US?

There is a growing number of crypto exchanges where you can buy all the most popular cryptocurrencies in the US. But we would recommend registering an account and buying these assets on eToro.US.

What is the most used crypto in the USA?

The most cryptocurrency in the USA has to be Bitcoin. More individuals accept Bitcoin payments today, and many physical and ecommerce stores accept BTC as a medium of exchange.

>>>Buy Trending Cryptos Now<<<

Virtual currencies are highly volatile. Your capital is at risk

As Investors Wait For Dogecoin To Take To Space, A New Astronaut, Rocketize, Gets Ready To Lift Off

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When Elon Musk announced that SpaceX would be launching the satellite Doge-1 to the moon, the internet went wild. Doge-1 was not any ordinary satellite either. The first official crypto-funded mission to the moon was fully financed by Dogecoin (DOGE). Back in 2021, Doge-1 aimed to revolutionise the space and crypto sector.

However, it has almost been a year since Doge-1’s predicted launch date, and Elon Musk’s self-described “space race” no longer seems to be happening. Is the hype surrounding crypto and space exploration done, or are new players such as Rocketize Token (JATO) reviving the dream?

Why Are Cryptos Like Dogecoin and Rocketize Interested In Going To Space?

As nationally funded space projects wind down, space companies are looking at other ways to fund their high-cost cosmos endeavours. Potentially this is a step in the right direction. Rather than demanding the public pay for space projects, a selection of crypto investors can instead. Additionally, the source of revenue is not limited to just one country but the whole world. This is perhaps how Elon Musk’s Doge-1 has been fully funded by Dogecoin (DOGE). Ultimately, cryptocurrencies have the potential to drive space innovation.

Dogecoin’s And Elon Musk’s Tangled Relationship

The problem with Elon Musk conjoining Dogecoin (DOGE) and space exploration is that he is pulling the strings. Despite everything he has done for the cryptocurrency’s promotion, Dogecoin (DOGE) is meant to be a decentralised financial currency where the community votes on decisions to determine the future of the token.

However, Musk disrupts this system of operation with his influence and economic power that can spike the price of the coin just by a single tweet. Lately, he has even been accused of creating a Ponzi scheme to inflate the price of Dogecoin (DOGE). Perhaps Elon Musk and Dogecoin (DOGE) have gotten too close to be able to call it a defi community.

Rocketize Provides A Community Focused Approach

Rocketize Token (JATO) is a fully community-driven space-themed meme currency on the Binance smart contract. Currently in stage 2 of presale, crypto enthusiasts are paying notice of Rocketize Token (JATO) for its transparency.

The exciting thing about Rocketize Token (JATO) is that it has plans to provide the community with different levels of enrichment. Developments in NFTs, defi apps, game development and promotion of business activities have been promised by Rocketize developers. And of course, Rocketize is initiating a humble and inclusive space program. This is all to support the expansive endeavours of humanity.

If you are interested in purchasing the Rocketize Token (JATO) presale, you can claim a 60% bonus if you purchase the coin within 30 minutes of registration. Rocketize Token (JATO) can be bought with ethereum (ETH) or in dollars (USD) after completing registration.

The heart of Rocketize Token (JATO) truly lies in its Atomic Nation which will share information, create memes and promote the exploration of the stars.

For more information on this project:

 

Presale: https://launch.rocketize.io/register

Website: https://rocketize.io/

Twitter: https://twitter.com/RocketizeToken

3 Cryptos That Could Explode In The Ongoing Bear Market – Filecoin, Cosmos, And Moshnake

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For several months, the cryptocurrency industry has been in a bear market. It is a period of extreme market volatility and negative crypto prices. As a result, several crypto players find it hard to go about their activities and are turning to several strategies to relieve the pressure.

Long-term cryptocurrency investment is a common strategy that has proved effective in previous bear markets and could yield many results in the current climate. Long-term cryptocurrency investment allows investors to take advantage of the state of the market and mitigate any risk of running at a loss.

As the bear market rages on, several altcoins emerge as suitable candidates for long-term cryptocurrency investments. However, giants Filecoin (FIL), Cosmos (ATOM), and new crypto Moshnake (MSH) possess the most growth potential and could explode in the current climate. We take a look at all three altcoins below.

Cosmos (ATOM) – The Crypto Offering Many Solutions

Cosmos (ATOM) is a blockchain-based platform that provides solutions to some of the hardest problems within the blockchain industry. It provides an antidote to slow, expensive, unscalable, and environmentally harmful proof-of-work (PoW) protocols, like those used by Bitcoin, through an ecosystem of connected blockchains.

Its native cryptocurrency, ATOM, is an integral part of its ecosystem, responsible for facilitating several operations, such as network governance, payment fees, and more. ATOM is a highly sought-after token available on prominent crypto platforms within the industry, like Binance, Coinbase, and OKEx.

Filecoin (FIL) – The Popular Platform

Filecoin (FIL) is best described as a decentralized storage system that exists to store humanity’s most important data. It is different from cloud storage companies like Amazon Web Services (AWS) or Cloudflare, which are prone to centralization problems. Unlike those platforms, Filecoin (FIL) leverages its decentralized nature to protect the integrity of a data’s location, making it easily retrievable and hard to censor. It also allows users to be custodians of their own data, making the web more accessible.

Its native cryptocurrency, FIL, is integral to its ecosystem and operation. FIL is a top 40 cryptocurrency by market cap available on top crypto platforms like Gemini, Kraken, and Huobi.

What is Moshnake (MSH)?

Moshnake (MSH) is one of the most anticipated cryptocurrencies this year, taking the crypto world by storm. Native to the Moshnake platform is a Play-to-earn (P2E) NFT gaming platform. Moshnake Token (MSH) is gaining a reputation for its nostalgic appeal and various real-life applications and use cases.

The token is a BNB Smart Chain (BNB) based asset, meaning it has low transaction fees and fast confirmation times. These qualities make it ideal for interaction among traders and other crypto players within the industry.

With its presale fast approaching, Moshnake (MSH) is looking like an exciting long-term cryptocurrency investment option. The low-risk, high-reward opportunity could yield massive returns in the long run. Watch this space for more details on the Mohsnake (MSH).

To find out more about Moshnake (MSH), visit the links below:

 

Website: https://moshnake.io

Telegram: https://t.me/MoshnakeOfficial

Twitter: https://twitter.com/moshnakeToken