Cryptocurrencies have reshaped the very financial landscape. These digital currencies have revamped how people make payments and have even changed how the industry reacts.
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Cryptocurrencies have reshaped the very financial landscape. These digital currencies have revolutionized how people make payments and have even changed how the industry reacts. However, recent macroeconomic developments have hit the market hard and changed how these tokens will perform. Therefore, we bring you a small rundown of three prominent cryptocurrencies and see if they are viable in 2025.
BTC- The Biggest Token By Market Cap
Bitcoin (BTC) launched in 2009 and is still one of the biggest cryptocurrencies in the world. The token was launched in 2009 and has since become one of the biggest digital assets in the market. The BTC market cap was around $900 billion at press time. BTC processes around 350,000 transactions daily, with an average value of $8,000.
BTC is currently going for $86,800.15 with a 2.18% down. Earlier this week, the token was going for around $95k, and this sudden drop has made people concerned about the token's validity. As of now, it is better to buy the tokens instead of selling them. There is a high chance that the token will reach $100K in the coming month(s).
ETH- Smart Contracts & Faster Payments
Another great addition to the cryptoverse is Ethereum (ETH). ETH is known for its smart contracts and faster payments. As a result, it is touted as the second-biggest crypto asset in the world. Unlike BTC, ETH works with a Proof-of-Stake or PoS mechanism. This reduces energy consumption by 99% and speeds up transactions. This has made ETH one of the most prominent cryptos of all time.
ETH is currently going for $2,405.24 with a 3.68% down. While some say that this is a general decline per the current market trend. However, current metrics suggest that ETH might cave in and reach the $1.5 mark before showing any positive signs. Hence, investors must wait and watch what the token has in mind.
LTC- Honorable Mention
Last but not least is Litecoin (LTC). LTC is one of the fastest mainstream cryptocurrency tokens in the market. The block time for LTC is around 2.5 minutes, hence making it four times faster than BTC. Not only that, but the token also boasts a low transaction fee of about $0.05. At the time of writing, LTC is going for $127.59 with an 11.35% up. This is probably one of the only coins in the list that is showing a positive uptrend. Hence, making it a viable investment opportunity.
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