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Cryptocurrencies changed the currency trend


Today, cryptocurrencies have become global phenomenon known by most people. Two years back, very few people were known about cryptocurrencies and digital money. 

In one sentence cryptocurrency is peer-to-peer electronic cash system to realize digital cash. After traditional barter system, modern currency came into existence like paper currency and coins, credit cards and digital wallets. All of these have controlled by banks and governments. Cryptocurrency comes into the picture after facing some problems like technical issues in bank network, hacking of the users account and transfer limits of the accounts exceeded.





As of 2018, there are more than 1600 cryptocurrencies available in the market. There are more than 4,000 cryptocurrencies in existence as of January 2021. While many of these cryptos have little to no following or trading volume, some enjoy immense popularity among dedicated communities of backers and investors. Dogecoin, which in 2013 was created as a joke or a meme in comparison to the world’s oldest cryptocurrency, Bitcoin, surged over 800% last week of January. Dogecoin or DOGE was back in the limelight on Thursday with the cryptocurrency surging over 58% after tweets from Tesla chief Elon Musk. The world’s richest person came out in support of the digital currency in his twitter, “Dogecoin is the people’s crypto".


The following are most important cryptocurrencies and their values in different currencies.


Name

US Dollar

Indian Rupee

Euro

Bitcoin

47,862.10

35,17,208.75

39,646.87

Ethereum

1,503.83

1,10,881.07

1,248.01

Litecoin

177.30

13,048.64

146.19

Cardano (ADA)

1.35

99.6

1.12

Polkadot (DOT)

33.66

2,477.51

26.14

Bitcoin (BCH)

495.58

36,496.55

410.78

Stellar (XLM)

0.41

30.19

0.34

Chainlink

25.43

1,873.76

22.53

Binance Coin (BNB)

233.17

17,151.53

210.99

Dogecoin

0.05

3.73

0.04

 

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