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14 Feb 11:02
Key Bitcoin price metric signals traders are positioned for $50K BTC

Bitcoin (BTC) price posted a 25% gain after this week’s news of Tesla’s $1.5 billion BTC investment came out. Prior to this reveal, BTC was lagging behind Ether’s (ETH) performance by 7.5% but the numerous bullish events of the past few days helped BTC to hit a new all-time high at $48,900.

Previous to Tesla’s announcement, BTC price was trading in the $30,000 to $41,500 range for nearly 3 weeks and once the price broke out one would expect pro traders and arbitrage desks to follow the bullish trend.

Rather than flipping long, many of the top traders opened short positions as BTC commenced its 25% move. This seems risky given that this week Bitcoin received praises from JPMorgan’s co-president and regulators approve a BTC ETF approval in Canada.

Historical data shows that Bitcoin price actions tend to trade in tandem with Ether, which has been strongly bullish for months. Adding to this bullish scenario, Bitcoin's Lightning Network announced a record node count and the total value locked (TVL) surpassed $42 million.

Mastercard also announced that it would support cryptocurrency payments on its network by the end of 2021.

These bullish signals contrast with the long-to-short net positioning metrics provided by major cryptocurrency exchanges.

This indicator is calculated by analyzing the client's consolidated position on the spot, perpetual and futures contracts and it provides a clearer view of whether professional traders are leaning bullish or bearish.

It is important to note that there are occasional discrepancies in the methodologies between various exchanges, so viewers should monitor changes instead of absolute figures.

Since Feb. 8, when the Tesla announcement took place, exchanges' top traders have kept their net positions relatively unchanged.

Before Bitcoin's 25% rally, Binance had a 1.33 ratio favoring longs, which is in line with the previous week. This indicator peaked at 1.53 on Feb. 10, but has since then returned to 1.31.

On the other hand, Huobi top traders had a 0.74 indicator ahead of Feb. 8, which remained flat for three days. On Feb. 11 as BTC rallied from $44,000 to $48,000, these traders began increasing net longs, reaching the current 0.80. Although this level is still favoring net shorts by 20%, it remains above the 0.75 level from Jan. 29.

Lastly, OKEx top traders held a 14% net long position before the Tesla news came out. Although they've reverted to a 47% net short position on that same day, over the last four days the indicator has come back to 1.03. Currently, OKEx traders remain well below the 52% net long position from two weeks ago.

Staking could be capturing top traders

Top traders could have also moved their BTC off-exchange in search of better yield opportunities. Therefore, assuming that they've entered short positions solely by monitoring centralized exchanges' could be a brash conclusion to reach.

As things currently stand, the long-to-short indicator does not show extreme net long positions from arbitrage desks, market makers, and whales. A balanced derivatives market suggests that there’s ample room for buying activity if BTC continues to rally to $50,000 and above.

13 Feb 10:02
Best cryptocurrency to invest in February 2021: no BTC or ETH included

Dogecoin (DOGE)

When you ask, What crypto should I invest in, then a good place to start is Dogecoin. The coin actually started as a joke between two programmers at the onset of the Bitcoin hype seven years ago. The token has attained a meme-like status among investors and is another that has been constantly supported on Twitter by Elon Musk. This led to the recent surge in price as it moved from $0.0045 to $0.0735 now.

The coin has also seen celebrity endorsements by Gene Simmons of rock band Kiss, and rapper Snoop Dogg.

Dogecoin may not have any development value but we can’t rule it out being accepted as a form of payment for a social media app at some point. The coin may be volatile and investors should tread carefully when buying after big moves.

Stellar Lumens (XLM)

A coin with momentum in the project development stakes is Stellar Lumens. XLM is currently trading near its all-time highs after fluctuating strongly last year, but it is now moving ahead with some interesting projects.

Recent developments include a $5m investment in Wyre. The company is a leading blockchain payments provider and will allow access to XLM via a host of currency pairs.

Wyre has seen $5bn in transfers executed since 2013 by individual users, businesses and enterprise clients. The platform has also seen growth in users of 260 per cent over the past year and includes compliance and savings accounts. The recent deal could see Stellar operating as a PayPal-style company.

Another recent development for Stellar was the news that the Ukrainian central bank had selected the blockchain for work on its own central bank digital currency (CBDC). Stellar has signed an agreement to be a consultant on the country's potential virtual currencies and a CBDC option.

For investors asking what is the best cryptocurrency to invest in right now, XLM might be a rather good option.

EOS

EOS is a

currency worth looking at because the coin didn’t play a part in last

year’s big rally. It has been top of the Chinese blockchain rankings for

a long time, which is based on its “basic tech, applicability, and

creativity”.

The 2017 high in EOS was around the $22 level and the current price is just above $4. That would provide significant upside should the project move back to the all-time highs as many coins are now doing.

The EOS network hosts smart contracts on Virtual Machines and competes with other Dapp or smart contract blockchains, which includes Ethereum. The ETH platform uses gas to pay for units of computing power, while EOS uses RAM. High gas prices were an obstacle for ETH last summer due to many projects launching their coins on the network and struggling with fees.

News in January saw one of the EOS founders stepping down. It is not yet clear whether this will help or hinder the project as it may choose a new development path.

STEEM

Another coin that featured on the Chinese Ministry of Industry’s blockchain list was STEEM. It is a token used on social media to reward users and it is used on more than 300 Steem-based apps. However, currently the coin is changing hands well below its all-time highs, trading at 250 per cent lower than its levels in 2019.

Nonetheless, STEEM sees more transactions than Bitcoin and Ethereum, while it could see a big increase in value if it was to be used on one of the large social media platforms.

Ripple (XRP)

The final coin to consider when deciding what crypto to buy now is Ripple’s XRP. The project development team is set to defend a lawsuit from the Securities and Exchange Regulator in the US. The SEC claims that XRP is a security and accuses the founders of making an unlisted sale of the security.

The team denies that the coin is a security and the case will be heard on February 22. If XRP gets a favourable ruling then the coin will likely surge to catch up with the price of BTC and others but this will depend on the judges.

The price of XRP is sitting at $0.50 but the record highs for the coin were above $3.00 back in the 2017 rally. BTC has already doubled its own 2017 highs of $20,000.

Crypto market outlook

The cryptocurrency market should see further gains in February but they risk a correction as we go further into March. The Tesla news will add some volumes to the market, but the sector has been on a hot run recently and could look to cool off.

Investors could follow the rally in February-March and perhaps buy into any correction after that.

The

crypto market is one of the hottest investment sectors right now.

However, it involves high levels of risk due to its immense volatility.

We suggest investors and traders exercise caution and do their homework

before investing in any cryptocurrency.



If you are not ready to make long-term investment commitments but want to try to profit from the volatility, you can do so by trading cryptocurrencies with contracts for difference (CFDs).



Trading

CFDs offers the opportunity to capitalise on both bullish and bearish

price fluctuations. You can either hold a long position, speculating

that the price will rise, or a short position, speculating that it will

fall.



11 Feb 08:02
Should You Invest in Bitcoin Right Now?

Tesla CEO Elon Musk recently made headlines after announcing that his company bought $1.5 billion worth of Bitcoin (CRYPTO:BTC).

The cryptocurrency has been around for years, but it has surged more than 370% over the past 12 months. Even before Tesla's investment in Bitcoin, Musk himself has been credited with increasing the price of cryptocurrencies by voicing his support online.

Because of its soaring price, Bitcoin may seem like an attractive investment. But is it the right time to buy?
Weighing risk and reward

When you're considering any investment, it's crucial to look past the dollar signs and consider the risk involved.

Bitcoin is an incredibly volatile investment, so it's not for the faint of heart. While it has seen an impressive upward trend over the past several months, nobody knows how long that will last. The cryptocurrency has experienced wild price fluctuations in the past, sometimes losing up to 80% of its value.

Between 2017 and 2019, for instance, Bitcoin jumped from around $1,000 to more than $17,000, before it plummeted back to around $3,000.

While all investments are subject to short-term volatility, Bitcoin has experienced extreme levels of turbulence.

In addition, it's unclear whether Bitcoin really is as game changing as its proponents claim. Some supporters believe the cryptocurrency will become the future of global transactions. Right now, however, only around 2,300 U.S. businesses accept Bitcoin as a form of payment, according to research from Fundera. Without widespread adoption, it will be tough for Bitcoin to survive.

Bitcoin's murky future makes it an even riskier investment. Although it could end up changing the world, it could just as easily crash and burn.
How to invest safely

Bitcoin is an incredibly risky investment that may or may not pay off, so it's probably not the best fit for most people. But if you're eager to invest in the cryptocurrency, it's important to do so safely.

First, make sure you have a well-diversified portfolio. The last thing you want to do is invest all your money in Bitcoin, because if it drops in value (and there is a good chance it will at some point), you could experience devastating losses.

Aim to invest in at least 10 to 15 different companies from multiple industries, or opt for index funds or mutual funds to further limit your risk. Because Bitcoin is so volatile, it's crucial to make sure the rest of your investments are as stable as possible.

Next, only invest money you can afford to lose. This is a good rule of thumb to remember with all investments, but especially the riskier ones. You may not lose money investing in Bitcoin, but it's a good idea to be prepared for the worst just in case.

Bitcoin may be gaining popularity right now, but that alone doesn't make it a smart investment. Before you invest any money, think about your tolerance for risk. If you have money to burn and are willing to risk it, it may be worth the gamble. But for most investors, it's best to steer clear of Bitcoin for right now.

10 Feb 11:02
Litecoin Price Prediction | How Much Will Litecoin Rise?

Litecoin In 2021 And The History of LTC

Litecoin’s strongest year in recent history, was 2019 during its halving. The cryptocurrency known as the silver to Bitcoin’s as digital gold rose 600% that year, before crashing back down to retest its bear market bottom.

At the start of 2020, the cryptocurrency began to lead the market once again, causing many began to wonder “why is Litecoin going up” when the rest of the market is stagnant.

After another 140% rally to kick off the new year, once again crypto investors and traders interested in LTC are asking the questions “will Litecoin go up in value,” “how high will Litecoin go,” and “will Litecoin ever reach 1000 dollars per LTC.”

Already in 2021, Litecoin has set its first higher high since its all-time high price record was set in 2017. A higher-high after a higher low is the definition of an uptrend. Since the peak was put in during the beginning of 2021, Litecoin began to pullback but appears to be retesting former resistance turned support. If support can hold the cryptocurrency will confirm a new bull market is here and could see a move similar to what Bitcoin has done in recent months.

Litecoin Price Prediction 2021

Litecoin is already off to a strong start in 2021, setting a new high over the 2020 peak. Last year, the altcoin broke out from a symmetrical triangle pattern and set its first higher high over the 2019 peak. With both a higher low and higher high put in, a retest of the asset’s former all-time is due. If LTC corrects from here to further retest past support, it could result in a fall to $75 before a larger push higher.

Litecoin Price Prediction 2022 – 2023

With Litecoin making a clear breakout, then building a base over the last two years of price action, an uptrend should follow. That means that there is a chance that after 2021, could come another extended bear cycle, before similar price action establishes a bottom once again. But there won’t be any risk of downside until Litecoin reaches well above $2,000 per coin.

Litecoin Price Prediction 2024 – 2025

What goes up, must come down, and after Litecoin sets a new high in 2021 or early 2022, and then completes another bearish downtrend, it will be time for the cycle to restart and another base to build. Once the downtrend breaks, as is characteristic of all markets, another consolidation phase will build another base for a subsequent bull market to begin.

Conclusion: Is Litecoin a Good Investment and How Much Will LTC Be Worth?

Using the analysis from some of the industry’s best analysts and traders, LTC projected growth could reach a profitable projection as high as $13,000 in the long-term outlook, which would make it among the best performing assets of all-time, next to Bitcoin.

Litecoin has been struggling to reclaim its previous all-time high, and according to analysis lower prices could be met before some of the biggest price predictions are ever reached. On the lowest end of the scale, analysts see $18 as the absolute bottom for Litecoin in the days ahead.

09 Feb 11:02
Bitcoin

Forex Analysis & Reviews: Thanks to Elon Musk, bitcoin skyrocketed by 14% and updated the historical maximum of the total capitalization

The cryptocurrency market is experiencing a real "boom" in early February. The indices of the main digital assets grew rapidly, but Bitcoin and Ethereum stand out against this background. Also at the very top, "meme" asset Dogecoin suddenly appeared, which increased in price by 50%. It is noteworthy that Elon Musk had a hand in all this positive news for the cryptocurrency market. The billionaire promoted Dogecoin on Twitter, and went even further with bitcoin and ether. Elon Musk's company invested a whopping $1.5 billion in bitcoin, which was reflected in Ethereum, which rose in price by 9%. The main cryptocurrency has completely "flown into space," having updated its historical maximum. In just an hour, bitcoin has grown by 14%, and the price of the digital asset now has exceeded the mark of $45 thousand. Now, the cryptocurrency is held at the level of $43.3 thousand, but the overall price increase for the day was 12%.
There were two reasons for the occurrence of such an explosion in the cryptocurrency market. The first one has already been pointed out: Tesla reported to the Securities Commission about an investment in bitcoin in the amount of $1.5 billion. The second reason is even more decisive. The company Tesla said that in the near future it will accept cryptocurrency as payment in accordance with the terms of the legislation. This statement was a real catalyst for the active growth of all major cryptocurrencies. It is estimated that since bitcoin set a local minimum of $ 3.8 thousand in March 2020, the cryptocurrency has risen in price by 1084%, and as of February 8, the total capitalization of the first digital currency is $810 billion. Of course, this event can be called decisive in the further growth of prices for cryptocurrency. And companies such as Tesla and Visa will become the guides and main lobbyists of the cryptocurrency market in the implementation of financial transactions. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

05 Feb 13:02
Bitcoin Group SE with strong start into 2021- Integration of Bitcoin Deutschland AG into futurum bank AG successfully completed

Herford, February 5, 2021 - Bitcoin Group SE (ISIN DE000A1TNV91) is starting the financial year 2021 with high momentum. With new record highs at the turn of the year - including for bitcoin as the most important cryptocurrency - the momentum on Europe's largest crypto trading platform Bitcoin.de remained undiminished.

In the month of January 2021 alone, Bitcoin Group's Crypto Trading platform Bitcoin.de achieved the third-best monthly result to date in terms of commission revenue. Only in the months of January 2018 and December 2017, Bitcoin.de did perform even better in a historical comparison on a monthly basis.

At the same time, the Bitcoin Group successfully completed the integration of Bitcoin Deutschland AG into futurum bank AG within a very short period of time. This has created the conditions to leverage the synergy potential from the organisational repositioning on the basis of the growing trading activities.

"The dynamic start into 2021 makes us extremely confident for the rest of the year. After the excellent and fast integration work at futurum bank AG, we have the ideal starting point to further accelerate our growth. An important aspect is the launch of our new trading system planned for the second quarter, from which we expect a significant boost in customer acquisition for Bitcoin.de. In addition, we are optimistic about the performance of our own cryptocurrency holdings due to the price development of the Bitcoin," says the managing director of Bitcoin Group SE, Marco Bodewein.

04 Feb 09:02
THE LIST: 2020 GLOBAL 2000

Just how enormous is the economic crisis caused by the COVID-19 pandemic? Forbes’ 18th annual ranking of the world’s 2,000 largest public companies illustrates the magnitude of the global shutdowns and serves as a warning for more trouble ahead in the coming months.

Most companies on this year’s Global 2000 list have seen their market values drop considerably since last year, and woeful first-quarter earnings provide a painful insight into the impact of the Great Cessation. The past few months have been especially brutal for the airlines, which saw demand drop lower than after 9/11. American Airlines, for instance, fell from No. 372 on the list to 967th after losing a staggering $2.2 billion in its first quarter.

Not all companies are being negatively affected by the pandemic, however. The biggest players in e-commerce—including Amazon, Alibaba and Walmart—have all experienced growth thanks to the rise in online shopping. All three moved up on this year’s list.

On the financial front, the Industrial and Commercial Bank of China remained in the top spot for the eighth straight year with more than $4.3 trillion in assets. China’s “big four” state-owned banks all wound up in this year’s top 10. JPMorgan Chase is the largest U.S. company at No. 3, falling one spot from last year.

In other bright spots, the largest IPO of 2019, Saudi Aramco, debuted at No. 5 on the list, while Zoom and Slack (which both IPOed last year) have also been instant beneficiaries of the new work-from-home realities. Both companies made an inaugural appearance on the Global 2000—virtually overnight.

Rank

Company

Country/Territory

Sales

Profits

Assets

Market Value








1

ICBC

China

$177.2 B

$45.3 B

$4,322.5 B

$242.3 B

2

China Construction Bank

China

$162.1 B

$38.9 B

$3,822 B

$203.8 B

3

JPMorgan Chase

United States

$142.9 B

$30 B

$3,139.4 B

$291.7 B

4

Berkshire Hathaway

United States

$254.6 B

$81.4 B

$817.7 B

$455.4 B

5

Agricultural Bank of China

China

$148.7 B

$30.9 B

$3,697.5 B

$147.2 B

5

Saudi Arabian Oil Company (Saudi Aramco)

Saudi Arabia

$329.8 B

$88.2 B

$398.3 B

$1,684.8 B

7

Ping An Insurance Group

China

$155 B

$18.8 B

$1,218.6 B

$187.2 B

8

Bank of America

United States

$112.1 B

$24.1 B

$2,620 B

$208.6 B

9

Apple

United States

$267.7 B

$57.2 B

$320.4 B

$1,285.5 B

10

Bank of China

China

$135.4 B

$27.2 B

$3,387 B

$112.8 B

11

AT&T

United States

$179.2 B

$14.4 B

$545.4 B

$218.6 B

11

Toyota Motor

Japan

$280.5 B

$22.7 B

$495.1 B

$173.3 B

13

Alphabet

United States

$166.3 B

$34.5 B

$273.4 B

$919.3 B

13

ExxonMobil

United States

$256 B

$14.3 B

$362.6 B

$196.6 B

13

Microsoft

United States

$138.6 B

$46.3 B

$285.4 B

$1,359 B


16

Samsung Electronics

South Korea

$197.6 B

$18.4 B

$304.9 B

$278.7 B

17

Wells Fargo

United States

$98.9 B

$14.3 B

$1,981.3 B

$118.8 B

18

Citigroup

United States

$104.4 B

$17.1 B

$2,219.8 B

$101.1 B

19

Walmart

United States

$524 B

$14.9 B

$236.5 B

$344.4 B

20

Verizon Communications

United States

$131.4 B

$18.4 B

$294.5 B

$237.7 B

21

Royal Dutch Shell

Netherlands

$311.6 B

$9.9 B

$394 B

$126.5 B

22

Amazon

United States

$296.3 B

$10.6 B

$221.2 B

$1,233.4 B

23

Volkswagen Group

Germany

$275.2 B

$12 B

$538.9 B

$70.4 B

24

UnitedHealth Group

United States

$246.3 B

$13.8 B

$189.1 B

$277.1 B

25

Allianz

Germany

$122.4 B

$8.9 B

$1,183.5 B

$77.1 B

26

China Merchants Bank

China

$58.4 B

$13.7 B

$1,094.9 B

$120.9 B

27

Comcast

United States

$108.7 B

$11.7 B

$262.4 B

$171.7 B

28

China Mobile

Hong Kong

$108.1 B

$15.5 B

$233.9 B

$164.9 B

29

Total

France

$176.2 B

$11.3 B

$273.3 B

$93.1 B

30

Postal Savings Bank Of China (PSBC)

China

$64.4 B

$9 B

$1,522.4 B

$92 B


31

Alibaba Group

China

$70.6 B

$24.7 B

$189.4 B

$545.4 B

32

Gazprom

Russia

$122.6 B

$22.7 B

$331.7 B

$60.8 B

32

PetroChina

China

$364.1 B

$6.6 B

$392.3 B

$65.9 B

34

Johnson & Johnson

United States

$82.8 B

$17.2 B

$155 B

$395.3 B

35

RBC

Canada

$50.9 B

$10 B

$1,116.3 B

$87.7 B

36

Walt Disney

United States

$74.8 B

$10.4 B

$200.9 B

$195.3 B

37

China Life Insurance

China

$103.7 B

$8.5 B

$536.2 B

$60.3 B

38

Intel

United States

$75.7 B

$22.7 B

$147.7 B

$254 B

39

Facebook

United States

$73.4 B

$21 B

$138.4 B

$583.7 B

40

CVS Health

United States

$256.8 B

$6.6 B

$224.3 B

$80.4 B

41

Nestlé

Switzerland

$93.1 B

$12.7 B

$132.1 B

$304.1 B

42

BNP Paribas

France

$128 B

$8.7 B

$2,429.9 B

$39.2 B

43

Nippon Telegraph & Tel

Japan

$109.6 B

$7.9 B

$211.1 B

$83 B

44

HSBC Holdings

United Kingdom

$67.2 B

$3.8 B

$2,917.8 B

$105.3 B

45

Bank of Communications

China

$66.6 B

$11.2 B

$1,422.1 B

$47.1 B


46

TD Bank Group

Canada

$44.8 B

$9.3 B

$1,102 B

$75.8 B

47

Goldman Sachs Group

United States

$53.9 B

$7.4 B

$1,090 B

$63.4 B

48

Morgan Stanley

United States

$53 B

$8.3 B

$896.8 B

$62.1 B

49

Pfizer

United States

$50.7 B

$15.8 B

$167.5 B

$212.8 B

50

Tencent Holdings

China

$54.6 B

$13.5 B

$137 B

$509.7 B

51

IBM

United States

$76.5 B

$9 B

$153.4 B

$111.5 B

52

Mitsubishi UFJ Financial

Japan

$60.1 B

$5.4 B

$2,893 B

$51.8 B

53

General Electric

United States

$99.9 B

$6.3 B

$262 B

$59.5 B

53

Rosneft

Russia

$126.9 B

$10.9 B

$208.5 B

$48.1 B

55

Santander

Spain

$89.2 B

$7.3 B

$1,709.2 B

$37.1 B

56

Anheuser-Busch InBev

Belgium

$52.3 B

$9.1 B

$238.3 B

$89.9 B

57

Industrial Bank

China

$50.2 B

$9.2 B

$1,045 B

$49 B

58

Reliance Industries

India

$84.8 B

$6.2 B

$147.2 B

$123.8 B

58

Sony

Japan

$79.2 B

$6 B

$208.3 B

$78.7 B

60

Sinopec

China

$369.2 B

$3.3 B

$254.8 B

$76.6 B


61

Chevron

United States

$140.1 B

$2.9 B

$237.4 B

$171.8 B

62

Siemens

Germany

$97.4 B

$5.9 B

$171 B

$75.4 B

63

Cigna

United States

$154.5 B

$4.9 B

$157 B

$72.8 B

64

AXA Group

France

$150 B

$4 B

$850.8 B

$42.3 B

65

Shanghai Pudong Development

China

$50 B

$8.6 B

$1,029.3 B

$44.2 B

66

AIA Group

Hong Kong

$40.9 B

$6.6 B

$280.3 B

$111.8 B

66

Softbank

Japan

$87.4 B

$2.9 B

$362.6 B

$89.7 B

68

Novartis

Switzerland

$48.6 B

$12.2 B

$123.1 B

$193 B

69

Deutsche Telekom

Germany

$90.1 B

$4.3 B

$207.1 B

$69.2 B

70

Petrobras

Brazil

$78.9 B

$10.2 B

$230.2 B

$43.5 B

71

Procter & Gamble

United States

$70.3 B

$5 B

$118.6 B

$291.8 B

72

Japan Post Holdings

Japan

$112.3 B

$4.7 B

$2,680.2 B

$32.7 B

73

LVMH Moët Hennessy Louis Vuitton

France

$60.1 B

$8 B

$108.3 B

$194.3 B

74

Roche Holding

Switzerland

$61.9 B

$13.6 B

$85.8 B

$297.4 B

75

BMW Group

Germany

$116.6 B

$5.5 B

$271.3 B

$38.9 B


76

Zurich Insurance Group

Switzerland

$71.8 B

$4.1 B

$381.9 B

$47.4 B

77

CITIC

Hong Kong

$72.3 B

$6.9 B

$1,063.9 B

$30.3 B

78

Itaú Unibanco Holding

Brazil

$52 B

$6.9 B

$408.8 B

$41 B

79

China State Construction Engineering

China

$203 B

$6.1 B

$292.3 B

$30.7 B

80

MetLife

United States

$69 B

$5.9 B

$746.3 B

$32.8 B

80

Sumitomo Mitsui Financial

Japan

$48.4 B

$6.4 B

$1,954.8 B

$36.4 B

82

Cisco Systems

United States

$51.6 B

$11.1 B

$90.4 B

$179.7 B

83

Honda Motor

Japan

$142.4 B

$4.3 B

$188.5 B

$42.6 B

84

Commonwealth Bank

Australia

$27.3 B

$7 B

$688.8 B

$72.6 B

85

Bank of Nova Scotia

Canada

$34.8 B

$6.4 B

$872.6 B

$48.7 B

86

Raytheon Technologies

United States

$77.1 B

$5.5 B

$139.7 B

$56.1 B

87

PepsiCo

United States

$68.2 B

$7.2 B

$85.1 B

$183.6 B

88

American Express

United States

$46.8 B

$5.5 B

$186.1 B

$73.5 B

89

General Motors

United States

$137.2 B

$6.7 B

$228 B

$31.9 B

90

China Minsheng Bank

China

$48.5 B

$7.8 B

$959.2 B

$32.8 B


91

British American Tobacco

United Kingdom

$33 B

$7.3 B

$186.8 B

$88.8 B

92

Merck & Co.

United States

$47.9 B

$10.1 B

$84.4 B

$200.3 B

93

BHP Group

Australia

$45.8 B

$9.4 B

$102.3 B

$107.1 B

94

Oracle

United States

$39.8 B

$10.8 B

$96.7 B

$167 B

95

Brookfield Asset Management

Canada

$69.1 B

$2.8 B

$324 B

$51.3 B

96

Coca-Cola

United States

$37.2 B

$10 B

$94 B

$197.1 B

97

Enel

Italy

$86.6 B

$2.4 B

$192.4 B

$69.4 B

97

GlaxoSmithKline

United Kingdom

$44.7 B

$6.8 B

$104.6 B

$104.4 B

99

LukOil

Russia

$116.3 B

$9.9 B

$95.7 B

$41.2 B

100

China Vanke

China

$53.5 B

$5.6 B

$245.3 B

$37.6 B

03 Feb 09:02
Top 9 New Technology Trends for 2021

Technology today is evolving at such a rapid pace, enabling faster change and progress, causing an acceleration of the rate of change, until eventually it will become exponential. However, it is not only technology trends and top technologies that are evolving, a lot more has changed this year due to the outbreak of COVID-19 making IT professionals realize that their role will not stay the same in the contactless world tomorrow. And an IT professional in 2020-21 will constantly be learning, unlearning and relearning (out of necessity if not desire).

What does this mean for you? It means staying current with new technology trends. And it means keeping your eyes on the future to know which skills you’ll need to know to secure a safe job tomorrow and even learn how to get there. All bows to the worldwide pandemic, most of the global IT population is sitting back, working from home. And if you wish to make the most of your time at home, here are top 10 new technology trends you should watch for and make an attempt at in 2021, and possibly secure one of the jobs that will be created by these new technology trends.

1. Artificial Intelligence (AI) and Machine Learning

Artificial Intelligence, or AI, has already received a lot of buzz in the past decade, but it continues to be one of the new technology trends because of its notable effects on how we live, work and play are only in the early stages. AI is already known for its superiority in image and speech recognition, navigation apps, smartphone personal assistants, ride-sharing apps and so much more.

Other than that AI will be used further to analyze interactions to determine underlying connections and insights, to help predict demand for services like hospitals enabling authorities to make better decisions about resource utilization, and to detect the changing patterns of customer behaviour by analyzing data in near real-time, driving revenues and enhancing personalized experiences.

The AI market will grow to a $190 billion industry by 2025 with global spending on cognitive and AI systems reaching over $57 billion in 2021. With AI spreading its wings across sectors, new jobs will be created in development, programming, testing, support and maintenance, to name a few. On the other hand AI also offers some of the highest salaries today ranging from over $1,25,000 per year (machine learning engineer) to $145,000 per year (AI architect) - making it the top new technology trend you must watch out for!

Machine Learning the subset of AI, is also being deployed in all kinds of industries, creating a huge demand for skilled professionals. Forrester predicts AI, machine learning, and automation will create 9 percent of new U.S. jobs by 2025, jobs including robot monitoring professionals, data scientists, automation specialists, and content curators, making it another new technology trend you must keep in mind too!

2. Robotic Process Automation (RPA)

Like AI and Machine Learning, Robotic Process Automation, or RPA, is another technology that is automating jobs. RPA is the use of software to automate business processes such as interpreting applications, processing transactions, dealing with data, and even replying to emails. RPA automates repetitive tasks that people used to do.

Although Forrester Research estimates RPA automation will threaten the livelihood of 230 million or more knowledge workers, or approximately 9 percent of the global workforce, RPA is also creating new jobs while altering existing jobs. McKinsey finds that less than 5 percent of occupations can be totally automated, but about 60 percent can be partially automated.

For you as an IT professional looking to the future and trying to understand new technology trends, RPA offers plenty of career opportunities, including developer, project manager, business analyst, solution architect and consultant. And these jobs pay well. An RPA developer can earn over ₹534K per year - making it the next technology trend you must keep a watch on!

3. Edge Computing

Formerly a new technology trend to watch, cloud computing has become mainstream, with major players AWS (Amazon Web Services), Microsoft Azure and Google Cloud Platform dominating the market. The adoption of cloud computing is still growing, as more and more businesses migrate to a cloud solution. But it’s no longer the emerging technology trend. Edge is.

As the quantity of data organizations are dealing with continues to increase, they have realized the shortcomings of cloud computing in some situations. Edge computing is designed to help solve some of those problems as a way to bypass the latency caused by cloud computing and getting data to a datacenter for processing. It can exist “on the edge,” if you will, closer to where computing needs to happen. For this reason, edge computing can be used to process time-sensitive data in remote locations with limited or no connectivity to a centralized location. In those situations, edge computing can act like mini datacenters.

Edge computing will increase as use of the Internet of Things (IoT) devices increases. By 2022, the global edge computing market is expected to reach $6.72 billion. And this new technology trend is only meant to grow and nothing less, creating various jobs, primarily for software engineers.

4. Quantum Computing

Next remarkable technology trend is quantum computing, which is a form of computing that takes advantage of quantum phenomena like superposition and quantum entanglement. This amazing technology trend is also involved in preventing the spread of the coronavirus, and to develop potential vaccines, thanks to its ability to easily query, monitor, analyze and act on data, regardless of the source. Another field where quantum computing is finding applications is banking and finance, to manage credit risk, for high frequency trading and fraud detection.

Quantum computers are now a multitude times faster than regular computers and huge brands like Splunk, Honeywell, Microsoft, AWS, Google and many others are now involved in making innovations in the field of Quantum Computing. The revenues for the global quantum computing market are projected to surpass $2.5 billion by 2029. And to make a mark in this new trending technology, you need to have experience with quantum mechanics, linear algebra, probability, information theory, and machine learning.

5. Virtual Reality and Augmented Reality

The next exceptional technology trend - Virtual Reality (VR) and Augmented Reality (AR), and Extended Reality (ER). VR immerses the user in an environment while AR enhances their environment. Although this technology trend has primarily been used for gaming thus far, it has also been used for training, as with VirtualShip, a simulation software used to train U.S. Navy, Army and Coast Guard ship captains.

In 2021, we can expect these forms of technologies being further integrated into our lives. Usually working in tandem with some of the other new technologies we’ve mentioned in this list, AR and VR have enormous potential in training, entertainment, education, marketing, and even rehabilitation after an injury. Either could be used to train doctors to do surgery, offer museum goers a deeper experience, enhance theme parks, or even enhance marketing, as with this Pepsi Max bus shelter.

Fun fact: 14 million AR and VR devices were sold in 2019. The global AR and VR market is expected to grow to $209.2 billion by 2022, only creating more opportunities in the trending technology, and welcoming more professionals ready for this game-changing field.

While some employers might look for optics as a skill-set, note that getting started in VR doesn’t require a lot of specialized knowledge - basic programming skills and a forward-thinking mindset can land a job; another reason why this new technology trend should make up to your list of lookouts!

6. Blockchain

Although most people think of blockchain technology in relation to cryptocurrencies such as Bitcoin, blockchain offers security that is useful in many other ways. In the simplest of terms, blockchain can be described as data you can only add to, not take away from or change. Hence the term “chain” because you’re making a chain of data. Not being able to change the previous blocks is what makes it so secure. In addition, blockchains are consensus-driven, so no one entity can take control of the data. With blockchain, you don’t need a trusted third-party to oversee or validate transactions.

Several industries are involving and implementing blockchain, and as the use of blockchain technology increases, so too does the demand for skilled professionals. From a birds eye view, a blockchain developer specializes in developing and implementing architecture and solutions using blockchain technology. The average yearly salary of a blockchain developer is ₹469K.

If you are intrigued by Blockchain and its applications and want to make your career in this trending technology, then this is the right time to start. To get into Blockchain, you need to have hands-on experience of programming languages, the fundamentals of OOPS, flat and relational databases, data structures, web app development, and networking.

7. Internet of Things (IoT)

Another promising new technology trend is IoT. Many “things” are now being built with WiFi connectivity, meaning they can be connected to the Internet—and to each other. Hence, the Internet of Things, or IoT. The Internet of Things is the future, and has already enabled devices, home appliances, cars and much more to be connected to and exchange data over the Internet.

As consumers, we’re already using and benefitting from IoT. We can lock our doors remotely if we forget to when we leave for work and preheat our ovens on our way home from work, all while tracking our fitness on our Fitbits. However, businesses also have much to gain now and in the near future. The IoT can enable better safety, efficiency and decision making for businesses as data is collected and analyzed. It can enable predictive maintenance, speed up medical care, improve customer service, and offer benefits we haven’t even imagined yet.

And we’re only in the beginning stages of this new technology trend: Forecasts suggest that by 2030 around 50 billion of these IoT devices will be in use around the world, creating a massive web of interconnected devices spanning everything from smartphones to kitchen appliances. The global spending on the Internet of Things (IoT) is forecast to reach 1.1 trillion U.S. dollars in 2022. New technologies such as 5G is expected to drive market growth in the coming years.

And if you wish to step foot in this trending technology, you will have to learn about Information security, AI and machine learning fundamentals, networking, hardware interfacing, data analytics, automation, understanding of embedded systems, and must have device and design knowledge.

8. 5G

The next technology trend that follows the IoT is 5G. Where 3G and 4G technologies have enabled us to browse the internet, use data driven services, increased bandwidths for streaming on Spotify or YouTube and so much more, 5G services are expected to revolutionize our lives. by enabling services that rely on advanced technologies like AR and VR, alongside cloud based gaming services like Google Stadia, NVidia GeForce Now and much more. It is expected to be used in factories, HD cameras that help improve safety and traffic management, smart grid control and smart retail too.

Just about every telecom company like Verizon, Tmobile, Apple, Nokia Corp, QualComm, are now working on creating 5G applications. 5G services are expected to launch worldwide in 2021 with more than 50 operators offering services in about 30 countries by the end of 2021, making it a new technology trend you must watch out for, and also save a spot in.

9. Cyber Security

Cyber security might not seem like an emerging technology, given that it has been around for a while, but it is evolving just as other technologies are. That’s in part because threats are constantly new. The malevolent hackers who are trying to illegally access data are not going to give up any time soon, and they will continue to find ways to get through even the toughest security measures. It’s also in part because new technology is being adapted to enhance security. As long as we have hackers, cybersecurity will remain a trending technology because it will constantly evolve to defend against those hackers.

As proof of the strong need for cybersecurity professionals, the number of cybersecurity jobs is growing three times faster than other tech jobs. Also, the need for proper cyber security is so high that by 2021, $6 trillion will be spent globally on cybersecurity.

You must note that however challenging the field is it also offers lucrative six-figure incomes, and roles can range from ethical hacker to security engineer to Chief Security Officer, offering a promising career path for someone who wants to get into and stick with this evergreen trending technology.

9 Technology Trends and 1 Solution to Succeed in Them

Although technologies are emerging and evolving all around us, these top 9 technology trends offer promising career potential now and for the foreseeable future. And most of these trending technologies are welcoming skilled professionals, meaning the time is right for you to choose one, get trained, and get on board at the early stages of these trending technologies, positioning you for success now and in the future.




02 Feb 11:02
Top 5 Crypto Millionaires in the World

It has only been over a decade since the first Cryptocurrency was introduced in the market. The first-ever Cryptocurrency introduced in the market was Bitcoin. After its launch, it has created a great uproar in the market. There were people who were not ready to accept a new currency system.

However, traders and investors saw it as a new opportunity to earn a profit. With little gamble played by the trades, they started reaping its profit. After Bitcoin’s successful rally in 2017, the initial investors of the crypto trade market earned a fortune converting themselves into millionaires.

Do you know that the crypto industry has created more millionaires than other industries in the past decade? If not, then you might have been living under the rock all these years.

The number of people who profited from the crypto trade market can not be counted in hundreds. That is the extent of how the crypto trade market is changing the way of the trade market.

This article will talk about some young crypto millionaires who have invested in cryptocurrency at a young age and are now millionaires.

Top Crypto Millionaires in the World

The trade market is not limited to adults only. As long as you have the knowledge to invest in, you can be a trader. The same principle applies to the crypto trade market. Here we have enumerated a few names who were aware of this principle and have implemented it into their lives, making themselves millionaires.

  1. 1.Erik Finman

Erik Finman is a 20-year lad who made his first crypto investment in 2011 at 12 years. At that time, a single Bitcoin cost $10. He bought 100 Bitcoins, which cost him $1000. He became a millionaire at a young age of 18. He is now 20 years old and has a net worth of more than $5 million.

The story of Erik Finman proves that the early bird gets the worm. If you also want to be like Erik and want to start investing in cryptocurrency, you can go through our step by step plan for your first investment. To know more you can visit the BitIQ official site.

  1. 2.Vitalik Buterin

Vitalik Buterin is 25 years old and is the co-founder of Ethereum. From a very young age, Vitalik showed interest in science. His interest was so great that at a young age of 10 years old, he was able to create computer games. That was the time when he was introduced to the world of cryptocurrency.

He was fully immersed in the idea of a decentralized virtual currency. Soon he realized the limitation of the Bitcoin blockchain system. That was the time he decided to launch a new network that we currently know as Ethereum. The current net worth of Vitalik Buterin is between $400 to $500 million.

  1. 3.Cameron and Tyler

Cameron and Tyler are twin brothers who are currently 37. They first came to notoriety when they were up against the founder of Facebook, Mark Zuckerberg, for the claim of Facebook. They won the case and received $65 million for the claim. They used the sum of money to invest in Bitcoin and soon become a cryptocurrency industry’s young millionaires. Currently, they are counted as young billionaires and have a net worth of $1.4 billion.

  1. 4.Daniel Larimer

Daniel Larimar is a science student graduate. He is currently 27 years old. After his graduation, he became interested in the concept of Bitcoin and blockchain. Surprisingly when Bitcoin was introduced, he was also trying to launch his virtual currency. When he came to know that someone has already accomplished what he wanted to achieve, he was intrigued and contacted the developer of Bitcoin, Santoshi Nakamoto.

He quickly got the idea of the virtual currency’s working and understood the fact the exchanges are necessary for the virtual currency to hold their value. Later on, he created an exchange platform that we today knew as Bitshares. The current net worth of Daniel is more than $600 million.

  1. 5.Charles Hoskinson

We all know about the crypto exchange platform Robinhood. Charles Hoskinson is the co-founder of this worldwide used platform. Initially, when Charles, with his friend Baiju Bhatt, came up with Robinhood’s idea, they were refused by more than 70 investors. However, that did not stop them from completing their dream. In 2013, they finally completed their dream project of a commission-free stock trading platform. Currently, the net worth of them combined is $6 billion.

Final thoughts

With that being said, we have completed our list of young millionaires who have risen to the glory thanks to cryptocurrency. If you also want to be a part of the cryptocurrency market, what are you waiting for? Just do it.

01 Feb 10:02
The 10 Most Important Cryptocurrencies Other Than Bitcoin

  • A cryptocurrency, broadly defined, is currency that takes the form of tokens or “coins” and exists on a distributed and decentralized ledger.
  • Beyond that, the field of cryptocurrencies has expanded dramatically since Bitcoin was launched over a decade ago, and the next great digital token may be released tomorrow.
  • Bitcoin continues to lead the pack of cryptocurrencies in terms of market capitalization, user base, and popularity.
  • Other virtual currencies such as Ethereum are being used to create decentralized financial systems for those without access to traditional financial products.
  • Some altcoins are being endorsed as they have newer features than Bitcoin, such as the ability to handle more transactions per second or use different consensus algorithms like proof-of-stake.

What Are Cryptocurrencies?

Before we take a closer look at some of these alternatives to Bitcoin, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money which takes the form of tokens or “coins.” While some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.

The “crypto” in cryptocurrencies refers to complicated cryptography which allows for the creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called “mining”) and other controls.

Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular this foundational aspect of the industry has come under fire. The currencies modeled after Bitcoin are collectively called altcoins, and in some cases “shitcoins,” and have often tried to present themselves as modified or improved versions of Bitcoin. While some of these currencies may have some impressive features that Bitcoin does not, matching the level of security that Bitcoin’s networks achieves has largely yet to be seen by an altcoin.

Below, we’ll examine some of the most important digital currencies other than Bitcoin. First, though, a caveat: it is impossible for a list like this to be entirely comprehensive. One reason for this is the fact that 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.

Beyond that, the field of cryptocurrencies is always expanding, and the next great digital token may be released tomorrow. While Bitcoin is widely seen as a pioneer in the world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. It’s common, for instance, for analysts to attribute a great deal of importance to the ranking of coins relative to one another in terms of market cap. We’ve factored this into our consideration, but there are other reasons why a digital token may be included in the list, as well.

1. Ethereum (ETH)

The first Bitcoin alternative on our list, Ethereum, is a decentralized software platform that enables Smart Contracts and Decentralized Applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party. The goal behind Ethereum is to create a decentralized suite of financial products that anyone in the world can have free access to, regardless of nationality, ethnicity, or faith. This aspect makes the implications for those in some countries more compelling, as those without state infrastructure and state identifications can get access to bank accounts, loans, insurance, or a variety of other financial products.

The applications on Ethereum are run on its platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on the Ethereum platform and is sought by mostly developers looking to develop and run applications inside Ethereum, or now, by investors looking to make purchases of other digital currencies using ether. Ether, launched in 2015, is currently the second-largest digital currency by market cap after Bitcoin, although it lags behind the dominant cryptocurrency by a significant margin. As of January 2021, ether's market cap is roughly 19% of Bitcoin's size.

In 2014, Ethereum launched a pre-sale for ether which received an overwhelming response; this helped to usher in the age of the initial coin offering (ICO). According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” Following the attack on the DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC). As of January 2021, Ethereum (ETH) had a market cap of $138.3 billion and a per token value of $1,218.59.

In 2021 Ethereum plans to change its consensus algorithm from proof-of-work to proof-of-stake. This move will allow Ethereum's network to run itself with far less energy as well as improved transaction speed. Proof-of-stake allows network participants to “stake” their ether to the network. This process helps to secure the network and process the transactions that occur. Those who do this are rewarded ether similar to an interest account. This is an alternative to Bitcoin’s proof-of-work mechanism where miners are rewarded more Bitcoin for processing transactions.

2. Litecoin (LTC)

Litecoin, launched in 2011, was among the first cryptocurrencies to follow in the footsteps of Bitcoin and has often been referred to as “silver to Bitcoin’s gold.” It was created by Charlie Lee, an MIT graduate and former Google engineer. Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses "scrypt" as a proof of work, which can be decoded with the help of CPUs of consumer-grade. Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation time. Other than developers, there are a growing number of merchants who accept Litecoin. As of January 2021, Litecoin had a market cap of $10.1 billion and a per token value of $153.88, making it the sixth-largest cryptocurrency in the world.

3. Cardano (ADA)

Cardano is an “Ouroboros proof-of-stake” cryptocurrency that was created with a research-based approach by engineers, mathematicians, and cryptography experts. The project was co-founded by Charles Hoskinson, one of the five initial founding members of Ethereum. After having some disagreements with the direction Ethereum was taking, he left and later helped to create Cardano.

The team behind Cardano created its blockchain through extensive experimentation and peer-reviewed research. The researchers behind the project have written over 90 papers on blockchain technology across a range of topics. This research is the backbone of Cardano.

Due to this rigorous process, Cardano seems to stand out among its proof-of-stake peers as well as other large cryptocurrencies. Cardano has also been dubbed the “Ethereum killer” as its blockchain is said to be capable of more. That said, Cardano is still in its early stages. While it has beaten Ethereum to the proof-of-stake consensus model it still has a long way to go in terms of decentralized financial applications.

Cardano aims to be the financial operating system of the world by establishing decentralized financial products similarly to Ethereum as well as providing solutions for chain interoperability, voter fraud, and legal contract tracing, among other things. As of January 2021, Cardano has a market capitalization of $9.8 billion and one ADA trades for $0.31.

4. Polkadot (DOT)

Polkadot is a unique proof-of-stake cryptocurrency that is aimed at delivering interoperability between other blockchains. Its protocol is designed to connect permissioned and permissionless blockchains as well as oracles to allow systems to work together under one roof.

Polkadot’s core component is its relay chain that allows the interoperability of varying networks. It also allows for “parachains,” or parallel blockchains with their own native tokens for specific use cases.

Where this system differs from Ethereum is that rather than creating just decentralized applications on Polkadot, developers can create their own blockchain while also using the security that Polkadot’s chain already has. With Ethereum, developers can create new blockchains but they need to create their own security measures which can leave new and smaller projects open to attack, as the larger a blockchain the more security it has. This concept in Polkadot is known as shared security.

Polkadot was created by Gavin Wood, another member of the core founders of the Ethereum project who had differing opinions on the project's future. As of January 2021, Polkadot has a market capitalization of $11.2 billion and one DOT trades for $12.54.

5. Bitcoin Cash (BCH)

Bitcoin Cash (BCH) holds an important place in the history of altcoins because it is one of the earliest and most successful hard forks of the original Bitcoin. In the cryptocurrency world, a fork takes place as the result of debates and arguments between developers and miners. Due to the decentralized nature of digital currencies, wholesale changes to the code underlying the token or coin at hand must be made due to general consensus; the mechanism for this process varies according to the particular cryptocurrency.

When different factions can’t come to an agreement, sometimes the digital currency is split, with the original chain remaining true to its original code and the new chain beginning life as a new version of the prior coin, complete with changes to its code.

BCH began its life in August of 2017 as a result of one of these splits. The debate that led to the creation of BCH had to do with the issue of scalability; the Bitcoin network has a limit on the size of blocks: one megabyte (MB). BCH increases the block size from one MB to eight MB, with the idea being that larger blocks can hold more transactions within them, and therefore the transaction speed would be increased. It also makes other changes, including the removal of the Segregated Witness protocol which impacts block space. As of January 2021, BCH had a market cap of $8.9 billion and a value per token of $513.45.

6. Stellar (XLM)

Stellar is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for the purpose of large transactions. Huge transactions between banks and investment firms that typically would take several days, a number of intermediaries, and cost a good deal of money, can now be done nearly instantaneously with no intermediaries and cost little to nothing for those making the transaction.

While Stellar has positioned itself as an enterprise blockchain for institutional transactions, it is still an open blockchain that can be used by anyone. The system allows for cross-border transactions between any currencies. Stellar’s native currency is Lumens (XLM). The network requires users to hold Lumens to be able to transact on the network.

Stellar was founded by Jed McCaleb, a founding member of Ripple Labs and developer of the Ripple protocol. He eventually left his role with Ripple and went on to co-found the Stellar Development Foundation. Stellar Lumens have a market capitalization of $6.1 billion and are valued at $0.27 as of January 2021.

7. Chainlink

Chainlink is a decentralized oracle network that bridges the gap between smart contracts, like the ones on Ethereum, and data outside of it. Blockchains themselves do not have the ability to connect to outside applications in a trusted manner. Chainlink’s decentralized oracles allow smart contracts to communicate with outside data so that the contracts can be executed based on data that Ethereum itself cannot connect to.

Chainlink’s blog details a number of use cases for its system. One of the many use cases that are explained would be to monitor water supplies for pollution or illegal syphoning going on in certain cities. Sensors could be set up to monitor corporate consumption, water tables, and the levels of local bodies of water. A Chainlink oracle could track this data and feed it directly into a smart contract. The smart contract could be set up to execute fines, release flood warnings to cities, or invoice companies using too much of a city's water with the incoming data from the oracle.

Chainlink was developed by Sergey Nazarov along with Steve Ellis. As of January 2021, Chainlink's market capitalization is $8.6 billion, and one LINK is valued at $21.53.

8. Binance Coin (BNB)

Binance Coin is a utility cryptocurrency that operates as a payment method for the fees associated with trading on the Binance Exchange. Those who use the token as a means of payment for the exchange can trade at a discount. Binance Coin’s blockchain is also the platform that Binance’s decentralized exchange operates on. The Binance exchange was founded by Changpeng Zhao and the exchange is one of the most widely used exchanges in the world based on trading volumes.

Binance Coin was initially an ERC-20 token that operated on the Ethereum blockchain. It eventually had its own mainnet launch. The network uses a proof-of-stake consensus model. As of January 2021, Binance has a $6.8 billion market capitalization with one BNB having a value of $44.26.

9. Tether (USDT)

Tether was one of the first and most popular of a group of so-called stablecoins, cryptocurrencies that aim to peg their market value to a currency or other external reference point in order to reduce volatility. Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations in order to attract users who may otherwise be cautious. Tether’s price is tied directly to the price of the US dollar. The system allows users to more easily make transfers from other cryptocurrencies back to US dollars in a more timely manner than actually converting to normal currency.

Launched in 2014, Tether describes itself as "a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner." Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing the volatility and complexity often associated with digital currencies. In January of 2021, Tether was the third-largest cryptocurrency by market cap, with a total market cap of $24.4 billion and a per-token value of $1.00.

10. Monero (XMR)

Monero is a secure, private, and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon garnered great interest among the cryptography community and enthusiasts. The development of this cryptocurrency is completely donation based and community driven. Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.”

With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they all appear valid, the real one cannot be isolated. Because of exceptional security mechanisms like this, Monero has developed something of an unsavory reputation—it has been linked to criminal operations around the world. While this is a prime candidate for making criminal transactions anonymously, the privacy inherent in Monero is also helpful to dissidents of oppressive regimes around the world. As of January 2021, Monero had a market cap of $2.8 billion and a per-token value of $158.37.