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Cryptocurrency | Top 10 Altcoins That Can Make you A Billionaire 

by Shamsul November 15, 2021

Top 10 Altcoins That Can Make you A Billionaire 

Before jumping into the details of the BTC alternatives let’s have an idea first what is cryptocurrency and altcoins. The most general definition of cryptocurrency is, something that is only existent in the digital world and it has no existence like physical money. But it is observed that some of the cryptocurrencies are now venturing into physical existence through credit cards and other means. The basic philosophy behind cryptocurrency is that it has no regulation from any government or it has no control from any regulatory authority. 

After the massive fame of bitcoin now other forms of cryptocurrency are known as altcoins. With a lot of experiments, some of the coins have made a fortune but a large number of these coins are categorized as “shitcoins”. The beauty of cryptocurrency is that some coins are offered with a versatile scope and features that bitcoin doesn’t have. But the way bitcoin is using a secure network other coins are still struggling but have not made their way.

Besides all of these factors, the mass volume of cryptocurrency is still expanding with the passing time as different types of tokens are released day by day. Because bitcoin is the pioneer of cryptocurrency, all the experts and analysts refer to bitcoin while evaluating other tokens. In this topic, we will tell you about different cryptocurrencies that you can consider for trading or Possession.

1. Ethereum (ETH)

Ethereum (ETH)

This coin is considered the second biggest coin after the BTC. This cryptocurrency is operated on a software-based decentralized platform that allows decentralized applications and smart contracts to work in harmony without any control, fraud, interference from any third party, or downtime. The target or aim behind this cryptocurrency is to make a decentralized suit specifically for financial products which are easily accessible to anyone in the world without any discrimination. The beauty of this aspect is very appreciated in some regions of the world with the compelling approach of this cryptocurrency. Imagine if this thing comes into the existence then you will hold a position by which you can access all the financial solutions in the world and will be able to enjoy financial benefits and products.

This cryptocurrency uses the ether platform and it behaves like a vehicle that is moving around all over the Ethereum platform. This platform is extremely helpful for the developers who run their applications on the Ethereum platform for those investors who are using this platform with their digital currencies. This coin holds the second position in the cryptocurrency market. This coin was launched in 2014 and received a great response. This factor helped Ethereum in the initial coin-offering age. As per the Ethereum network, this cryptocurrency can be used to decentralize, secure or codify anything. 

2. Litecoin (LTC) | Cryptocurrency

LITECOIN (LTC)

This coin was launched in 2011 and it is also considered one of the first cryptocurrencies that followed the bitcoin pattern. This cryptocurrency was created by a former Google engineer and MIT graduate Charlie Lee. 

Litecoin uses an open-source platform for global payment networks that are not regulated by anyone or it doesn’t have any central authority. For the proof of work, this cryptocurrency uses the “scrypt” which can easily be decoded by using consumer-grade Central processing units. There are a lot of similarities between Bitcoin and Litecoin but the positive side of the light coin is that it uses a more efficient block generation and offers a faster mode of transaction confirmation. This platform is not only used by developers but it has a growing community of merchants that is now accepting Litecoin for the trades. According to the survey of November 2021, the light coin market capital was around 13 billion, and per token, it was valued at around 199 USD. These figures make Litecoin the 17th largest cryptocurrency.

3. Cardano (ADA)

CARDANO (ADA)

This cryptocurrency was created by mathematician engineers and cryptography experts, the reason behind the creation of this cryptocurrency was to perform research on different aspects of physics. This project was led by two persons and one of them had already worked on Creating the Ethereum blockchain. The Cardano team created its blockchain mechanism by performing extensive and peer-reviewed experimentation. This cryptocurrency has also offered 90 pages of paperwork which has elaborated different topics on the blockchain. This paperwork is also called the backbone of Cardano cryptocurrency.

Because of this rigorous process, Cardano has gained a lot of attention from the market. This cryptocurrency was also considered an Ethereum killer. It is believed that Cardano is still in its initial stage. However, it has already beaten Ethereum in the competition of proof-of-stake consensus. Cardano cryptocurrency is aiming to establish a decentralized system for world financial operations. According to an observation in November 2021 the Cardano was at the sixth position on the top cryptocurrency and it was holding 67 billion of market capitalization.

4. Polkadot (DOT)

POLKADOT (DOT)

This cryptocurrency was launched with a unique concept and it allows other cryptocurrencies to use information with the help of their blockchains. The protocol of this token was designed to have a connection with or without permission of the blockchains. This platform interconnects different systems to perform as teamwork under one umbrella.

With this amazing difference from Ethereum cryptocurrency, this platform allows developers to use their unique blockchain by keeping their network secured with the help of the Polkadots chain. Developers can also create new blockchains but there are some limitations imposed by the theorem protocol. The versatile & secure network of the polka dot is also named shared security.

This project was launched by a key member of the Ethereum project who had a difference in opinion. This coin was launched in November 2021 and now it holds 51 billion dollars of market capitalization.

5. Bitcoin Cash (BCH) | Cryptocurrency

BITCOIN CASH (BCH)

This cryptocurrency has an important existence in all of the old coins. Moreover, it is one of the earliest and successful hard forks. The fork is the result of arguments and debates between miners and developers. It is observed whenever there is a difference of opinion between different factions then there is a split of digital currency. The original mechanism of blockchain remains valid and true but it gives life to a newer version of the previous coin. 

Bitcoin cash was the result of this type of split and it started its journey in August 2017. In the initial stages, there were a lot of issues like scalability and network security. Also, the exact bandwidth of the network was not decided at that moment. Initially, bitcoin cash was allocated 1 MB of storage but later on, it became 8 MB. The beauty of this network also includes features like witness protocol segregation that has a considerable impact on block space. As per observation on November 2021 bitcoin cash was equivalent to 596 dollars per token. Also, it was holding a market capitalization of 11 billion dollars.

6. Stellar (XLM)

STELLAR (XLM)

This cryptocurrency holds the sixth position in the top ranking. Stellar performs its operation by offering an open blockchain-type network that can perform enterprise solutions by connecting with different financial institutions in the world and efficiently performing large transactions. Huge transactions are normally time taking and also they come with a massive amount of service charges but with the help of this cryptocurrency, you can perform all of these transactions within a matter of no time and without involving huge service charges.

Regardless of the important parameters that are operated in this platform. However, still it offers an open type of blockchain that anyone can use. The best thing about this network is that it allows you to perform cross-border transactions in almost any type of currency. This network has a native currency named lumens. You need this currency in your wallet to perform transactions over this network.

This project was offered by Jed McCaleb which is also a key founding member of the ripple labs. He has also played his part as a developer on the ripple lab protocol. Ripple has now worth 0.36 dollars per token and it holds a market capitalization of 8 billion. 

7. Dogecoin (DOGE) | Cryptocurrency

DOGECOIN (DOGE)

This coin was initially welcomed as a meme coin and it touched a skyrocketing price in 2021. This coin has a Shiba Inu as its avatar image and it is accepted by many major companies for trading purposes. Dogecoin coin was invented by two software engineers in 2013. Initially, that coin was created as a joke, and later on, it became a dominating cryptocurrency. The price of the dogecoin has touched 0.71 dollars and now it is leveling at 0.26 dollars per token and it holds 34 billion dollars of market capitalization.

8. Binance Coin (BNB)

Binance Coin (BNB)

This cryptocurrency is considered a utility cryptocurrency. Its operating mechanism is the service fee whenever you perform a transaction on the Binance exchange. This cryptocurrency is the third-largest cryptocurrency when you compare it with the market capitalization of other cryptocurrencies. The individuals who use this token while making different transactions on the Binance platform are also availing of a discount. 

In the beginning, this coin operates as an ERC-20 token while using the Ethereum blockchain. This network is now using a proof of stake consensus model and according to the observation during November 2021 this coin was 654 dollars a token and It holds 109 billion of market capitalization.

9. Tether (USDT) | Cryptocurrency

Tether (USDT)

People consider this cryptocurrency as one of the stable coins. Because it was related to the market value of other currencies by involving external factors which ultimately reduced its volatility. When bitcoin and other cryptocurrencies were having dramatic price action, Tether and other alike coins showed a smooth movement. This stability has gained a lot of attention from investors and individuals. The price reference of this cryptocurrency is directly related to the US dollar, so now you can have an idea of how stable movements of this cryptocurrency can follow.

This concept launched in 2014 and the blockchain movement of this platform allows you to perform fiat currencies transactions by using digital manners. The best thing about this blockchain is that it allows all individuals to perform their traditional transactions in the means of local currencies without facing the volatility or complexity factors. This cryptocurrency has the fifth largest market capitalization which is almost 72 billion dollars in total.

10. Monero (XMR) | Cryptocurrency

Monero (XMR)

This cryptocurrency follows the perfect theme of the crypto world by offering you security, privacy, and un-traceability. You can buy this cryptocurrency from an open-source type of platform as they announced in April 2014. The moment it was launched it gained a lot of attraction from cryptographers and enthusiasts. This cryptocurrency is completely community-driven and follows a mechanism of donation. This network uses a decentralized setup that brings you complete privacy with the help of a “ring signatures” system.

This technique involves a group that performs cryptographic signatures which also includes the real participant and by no means you can spot the actual one and on this system, all of the participants will show a valid status for that transaction. Because of this beautiful and efficient security mechanism, this cryptocurrency has developed A unique position in this world. According to the observation in November 2021 this cryptocurrency has a token value of 264 dollars while it was capturing the market capitalization of four billion US dollars.

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Most valuable companies 2020
BusinessManagementMarketingScholarlyTop 10Trending

Biggest Companies in the World by Market Capitalization

by Shamsul January 26, 2021

 

Top 11 Biggest Companies in the World by Market Capitalization – 2020

 

Today, we will talk about the 12 biggest companies in the globe. We rank these companies based on market capitalization. If you want to know, then you have read this article completely. Let’s discuss the top 10 most valuable companies in the world.

# 01- Saudi Aramco: (Saudi Arabia)

US$ 1,685 bln.

This oil and gas company is one of the most expensive companies in the world. In 2019, the company issued its financial statement which shows the real worth of the company. The current market capitalization value of Saudi Aramco is $1.9 trillion. The company just surpassed all the expectations and its IPO is very successful. According to Saudi Aramco, they used all its profits for mergers, expansion, and purchases. Moreover, the company is also leading the chart in the production of LNG. Plus, they are also considered as the leaders in oil production and reserves in the world. Saudi Aramco has plants and subsidiaries in different countries such as the USA, UK, UAE, Japan, Russia, and China. They are also partnering with Sinopec, Total SA, Royal Dutch Shell, and Lukoil. The main office of Saudi Aramco is in Dhahran.

# 02- Microsoft: (United State)

US$ 1,359 bln.

It is a software-based company and 2nd most valuable company globally on the basis of market capitalization. Established by Bill Gates in 1975. Now, he is one of the richest men on the planet. It was the first company that used package software to make the computers user-friendly and insightful. The use of the Microsoft Windows operating system allows people to become master in PC skills effortlessly. This thing leads the company to the mountain of success and earnings. Now, it is one of the biggest companies in the PC software industry. They make the user experience high with their innovative services and new generation Windows operating system. Microsoft Office is the biggest achievement of Microsoft. Further, they also manufacture cell phones, office equipment, and accessories. The main office of Microsoft is in Redmond, Washington, USA.

# 03- Apple: (United State)

US$ 1,285.5 bln.

Apple is known for its luxury electronics such as PCs, smartphones, tablets, etc. It is considered the king of mobile phone companies. Recently, they face a loss in sales due to certain issues. But the things are now under control and they are winning the trust of their customers back. It is 3rd on the list of most valuable brands in the world. However, it is 1st in the list of most expensive brands globally. Its emblem and smartphones are very popular among people due to their strong market presence and customer base.

The current value of Apple has calculated market capitalization at 1286 billion dollars. Steve Jobs, Ronald Wayne, and Steve Wozniak are the founders of Apple. They get huge success through their highly innovative smartphones and iPads. Currently, they offer an array of products such as laptops, tablets, PCs, smartwatches, and other accessories. All these offerings are stylish, high quality, and excellent. They are operating in every region of the world with nearly 132,000 employees. The headquarters of Apple is in Cupertino, California, USA.

# 04- Amazon: (United State)

US$ 1233.4 bln.

In 2019, Amazon is one of the most expensive companies worldwide. They just beat the record of Microsoft in 2019. Today, it is 4th on the list of most valuable brands in the world. This American-based retail company offers and delivers a variety of goods through an online process. You can sell and purchase anything with the help of Amazon’s website. The success factors of Amazon are a wide assortment, low prices, high quality, and timely delivery. The founder of Amazon is Jeff Bezos and founded in 1994. The main office of Amazon is in Seattle, WA, USA. The current market capitalization value of Amazon is 162 billion dollars and 647,500 employees.

# 05- Alphabet: (United State)

US$ 919.3 bln.

Google is one of the most celebrated search engines in the world but they recently changed its name to ‘’Alphabet’’. The company owns many other companies, so they changed its name. In 1998, Larry Page and Sergey Brin created this and now they are leading the chart. Almost 30 famous services and sub-companies are working under the banner of Google including YouTube, Android, AdWords, etc. It is headquartered in California, USA.

# 06- Facebook: (United State)

US$ 583.7 bln.

Facebook was founded in 2004 and the founder of Facebook is Mark Zuckerberg. It is a social networking site where you can chat with people and share your thoughts. Almost 2 billion people visited Facebook on daily basis. The current market value of Facebook is 584 billion dollars which shows the success story of this social network. They are making yearly 22 billion dollars through online advertising and its net profit increased by 54 percent within the last year. Plus, it is also on the list of the top 10 profitable companies on market capitalization. It is headquartered in Menlo Park, California, USA.

# 07- Alibaba Group: (China)

US$ 545.4 bln.

It is one of the largest virtual trading organizations in the world, especially in China. The huge success of this company is its reasonable prices and a variety of consumer goods. Founded in 1999 and offers business through web portals. They also provide electronic payment services, cloud computing, and search system for consumers. The main office of Alibaba Group is located in Hangzhou, China.

# 08- Tencent: (China)

US$ 509.7 bln.

It is one of the leading social networking and gaming companies in the globe on market capitalization. This Chinese company was founded in 1998 and is also considered in the list of most expensive companies in the world. They offer mobile games, social networking, e-commerce, smartphones, online games, payment systems, web portals, and music. This kind of offerings makes it a highly innovative and valuable brand worldwide. The main office of Tencent is in Nanshan District, Shenzhen.

# 09- Berkshire Hathaway Inc. (United State)

US$ 455.4 bln.

This company is famous for its insurance, finance, food, and non-food services. Warren Buffet is the permanent owner of Berkshire Hathaway. Its headquarter is in Omaha, USA. The current market share of this company is 344,970 dollars on market capitalization. Here are some affiliated companies of Berkshire Hathaway are given:

Care insurance (GEICO).

Reinsurance (General Re)

Railway Transport (BNSF).

Electricity and gas supply (Berkshire Hathaway Energy).

Wholesale commerce (McLane Company)

More than 40000 shareholders attend the annual meeting in 2015 which’s why it represented as ‘’Woodstock for Capitalists’’.

# 010- Johnson & Johnson: (United State)

US$ 395.3 bln.

This American multinational company is famous for producing consumer products, pharmaceuticals, and medical equipment. In 1886, Edward Mead Johnson, James Wood Johnson, and Robert Wood Johnson are three brothers and the founders of this company. They also manufactured baby powder in 1893. More than 170 countries are part of this company and almost 250 affiliate companies are working in more than 60 countries. It’s headquartered is in New Brunswick, New Jersey, USA.

# 011- Visa Inc. (United State)

US$ 383.9 bln.

It is one of the leading financial services corporations in the world and established in 1958. This company makes payment transactions and money transfers between financial associations. It is the 2nd largest payment system globally and you can pay with Visa cards in 200+ countries. It is an electronic payment network. These transfers are done through four centers located in Singapore, Virginia, London, and Colorado. The system of Visa is fully secured so you can make transactions without any fear. The main seat of this company is in San Francisco, California, USA. It is number 11 on market capitalization.

 

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