We all know what are Cryptocurrencies because the world has been changed with the introduction of “Bitcoin”
Cryptocurrencies are Digital Currencies formed with the Cryptography Technique where users can store the currency in digital manner (decentralized manner).
Here, the authority & privacy is totally in the hands of Person with whom the Cryptocurrencies are available. There is no higher authority like Reserve Bank who controls the flow of currencies in country. Transfer of Cryptocurrencies are one-o-one process which is called pear-to-pear network where there only two parties available: The sender and the receiver not any Bank or Financial Institution.
Now, as per the Title: Yes, Bitcoin is not the Most Expensive Cryptocurrency in the Market. The maximum level did bitcoin touched was 46 Lakhs (Roundly) in May 2021
but the Coin named Yearn Finance is the most valued/expensive currency in the market currently. It touched the price of 78 Lakhs on dated 12th May 2021.
Yearn Finance is the Type of New Digital Currency introduced by Andre Cronje the in February 2020. It has been introduced for the Investors having less Technical Knowledge to grow more with Yield Farming
This shows that the future of Cryptocurrencies has been just started.
With the popularity of Bitcoin, many other companies are launching their own Cryptocurrencies like Litecoin, Ripple, Basic Attention Coin etc.
One Tweet of Tesla's CEO Elon Musk changed the whole look of Dogecoin. The Price of Dogecoin was 4 Indian Rupees in April 2021 but just one tweet and then the Price of Dogecoin jumped to 54 Rupees in May 2021
These changes in Bitcoin, Dogecoin & Yearn Finance shows that the Future of Cryptocurrencies will increase a lot. So, this is the best time to invest in Cryptocurrency.
You can also start investments in Cryptocurrencies through Coin Switch Kuber which is currently one of the biggest Cryptocurrency Investment & Trading Platform in India.
Click Here to start your first Crypto-Investment!
Thanks
Team: Online Knowledge Zone
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