Bitcoin is the most famous cryptocurrencies and various players are always on the lookout for news and trends on it. It was the first cryptocurrency to be introduced and also opened up the route to Blockchain exploration. We can now see blockchain changing various industries such as banking, finance, public records insurance, supply chain, and logistics, to mention a few.
According to Statista, there are 4501 cryptocurrencies and they come with different features. There are many advantages of using cryptocurrency such as low transaction costs and they are thus being adopted by the best online casinos in Canada. Our very own expert Conrad Brennan will discuss the seven most profitable cryptocurrencies other than Bitcoin.
Binance Coin
According to theCoinMarketCap, the price of Binance Coin shot from $50 per coin to $334 in February 2021. Although very few casinos accept Binance Coin, the cryptocurrency has gained popularity, and players are already looking for opportunities to play with it. It is one of the best cryptocurrencies to buy right now due to its ability to increase during a buying spree.
It is known to be the native cryptocurrency of the world’s largest cryptocurrency exchange known as Binance Exchange. According to Wallet Investor, the Binance coin will likely hit $475.93 in the next five years.
Ethereum
It is said to be the next big thing similar to Bitcoin and something you will find in the best online casino in Canada that accepts crypto. It dominates the altcoin floor and homes many altcoins. CoinMarketCap, taunt it as the most profitable cryptocurrency after recording the highest price of $4000 in May 2021.
Most users are eagerly waiting for the launch of Ethereum 2.0, which is likely to change the protocol to proof of stake.
Cardano (ADA)
According to a report released by capital.com, Cardano shot up by 720% in 2021, attaining the third largest coin by market capitalization. The factors behind Cardano’s rise are yet to be known. Some claim that Coinbase going public is the main reason for its incredible upswing. On the other hand, it is strenuous to say where Cardano will end up. However, it is the best short-term cryptocurrency investment for now and also acceptable in the best online casino in Canada.
Ripple (XRP)
Ripple’s price has increased over time. The cryptocurrency is now supporting central banks with special ledgers Ripple ledgers for Central Bank Digital Currencies. According to Trading Beasts, the XRP price is likely to reach $0.7344736 by December 2021. However, it is imperative to move with caution because XRP and SEC are yet to agree. XRP will be the most profitable cryptocurrency once they sign a deal with the SEC.
Stellar (XLM)
Some similarities exist between Stellar and Ripple. When it comes to helping central banks with CBDCs, Stellar is a step ahead. At the beginning of the year, Stellar agreed to support the Ukrainian government to create CBDC. The cryptocurrency is likely to increase to $0.68 by December 2021 due to the new agreement.
Dogecoin (DOGE)
DOGE was able to reach significant levels in May 2021 and later stabilized at $0.084.The master plan of the Reddit group SatoshiStreetBets made it possible by pumping up the dogecoin price. Dogecoin could be the best cryptocurrency in 2021 if the Reddit group pumps up the price once again. However, we are not confident that this will work again. According to Trading beasts, Dogecoin is likely to reach $0.08 by December 2021.
Litecoin
Litecoin casino transactions are fast and require less mining power compared to Bitcoin transactions. It takes 20 minutes to withdraw Litecoin from a casino for real money as opposed to bitcoin, which takes one hour. The price of Litecoin is usually smaller than that of Bitcoin.
Sometimes Litecoin is referred to as virtual silver. The best online casinos in Canada benefit much when using Litecoin for making gambling payments to fund players betting accounts. Today, most gamblers are attracted to Litecoin due to the small transaction fees compared to bitcoin.
Many online gambling sites are now using cryptocurrency as a mode of payment. However, only a few online casinos offer a variety of cryptocurrencies options as their mode of payment. It is a matter of time, and players will discover the great convenience and join the sailing ship.
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