Over the past five years, the interest in cryptocurrencies has grown massively. In fact, the interest in the U.S. alone has boomed by 3,000% in the past five years. Research has found that the state of California has the most registered interest in the words “cryptocurrency,” “crypto,” “dogecoin,” “coinbase,” and “tether.” With California being the top spot for cryptocurrency trading in America, learning more about what the most popular cryptocurrencies are will help you to identify potentially valuable opportunities and upcoming crypto trends.
1. Bitcoin (BTC)
Bitcoin is the oldest cryptocurrency in the world, created in 2009 by Satoshi Nakamoto. Bitcoin runs on a blockchain, making it a straightforward and secure currency. The value of Bitcoin has skyrocketed in recent years, as it has quickly become the most famous and well-known cryptocurrency out there. The price of Bitcoin has grown by more than 5,800% in the last six years.
2. Ethereum (ETH)
Ethereum is both a blockchain platform and a cryptocurrency that has quickly become one of the most popular cryptocurrencies out there. What sets Ethereum apart from its competitors is that it is the first blockchain to use smart contracts. This first mover advantage has meant that Ethereum has experienced huge growth, increasing by almost 16,300% since 2016. If you are interested in investing in Ethereum, you should make sure to research Ethereum live price index at OKX.
3. Tether (USDT)
Tether is one of the only cryptocurrencies in this list that is a stable coin which means that it is backed by a fiat currency like the U.S dollar or the Euro. This means that the value of this cryptocurrency is equal to one of these denominations. The fact that Tether is a stable coin means that is likely to be more consistent than other types of cryptocurrencies out there. This is why tether is very popular with investors in California who are looking to make a more stable investment without the extreme volatility that might be present with other coins.
4. Cardano (ADA)
What sets Cardano apart is its early embrace of proof-of-stake validation, which improves transaction time and decreases energy usage. This makes it more of the most environmentally friendly forms of cryptocurrencies. While Cardono does not have the biggest growth out there, its unique offering makes it very popular in the state of California.
5. Dogecoin (DOGE)
It might be surprising for some people to hear that Dogecoin remains one of the most popular types of cryptocurrencies in the state of California. Dogecoin is the ultimate example of the meme coin, as it started out as a joke but quickly became one of the most prominent cryptocurrencies thanks to a avoid community and famous endorsements.
Dogecoin is a unique offering in this list as it is the only cryptocurrency that has no limit on the number of coins that can be created. The price of Dogecoin has increased by almost 40,000% in since 2017, making it a valuable investment opportunity.