o The world of cryptocurrencies The recent months have seen prosperity and an end to a long period of hardship.
As of August this year, Bitcoin had risen 37% to an all-time high of $72,000. But it’s not just Bitcoin that’s seeing rapid growth.
Other cryptocurrencies also grew more than 100% last year, ending a long crypto winter marked by a series of crashes, scandals and bankruptcies. exchange; Like FTX.
All this positive reaction in the cryptocurrency market is due to the US Securities and Exchange Commission approving 11 Bitcoin ETFs in January and the subsequent listing of some of them on the UK stock exchange.
Read on to learn more about the cryptocurrency riding the Bitcoin wave.
1. Ether
Ether (ETH)The native token of Ethereum, the second-largest blockchain network, is expected to surpass $4,000 in 2024 for the first time since 2021.
According to cryptocurrency tracking site CoinGecko, the cryptocurrency has grown more than 178% over the past year and is nearing its all-time high of $4,878.
The Ethereum network, home to most decentralized finance (DeFi) projects, is set to undergo a major upgrade in September 2022, also known as the “merge.”
In March this year, the blockchain network underwent another significant upgrade called Dencun, which improved network performance.
Why is this important? The improvement and scalability of the entire blockchain network will significantly reduce transaction fees, helping to drive up the general acceptance of cryptocurrencies and increase their price.
2. Dogecoin
Do you remember? Memecoin After the GameStop series and Elon Musk’s overwhelming support, what’s the most notable thing to watch in 2021? Fan favorite Dogecoin (DOGE) has had a great start to the year, up 16.59% through August 2024.
The current trading price is hovering around $0.11, which is still far from its all-time high of $0.73. However, some cryptocurrency analysts believe that Doge is mimicking past patterns and could reach $1.00 by 2025.
3. Shiba Inu
If you invested $1 in Shiba Inu (SHIB) in November 2020, you would have made a return of 58228920%.
Rival Dogecoin has challenged it. Mimecoin It has seen significant growth in terms of market share over the past year and is currently trading at US$0.0000142.
Recently, the project saw a price increase because it burned some of its tokens. In the cryptocurrency world, the term “burn” refers to the act of removing tokens from circulation.
4. Solana
Solana, an alternative to Ethereum, grew 526.59% from August 2023 to August 2024.
Solana (SOL) has been referred to as “Sam Coin” due to its close relationship with former FTX CEO Sam Bankman-Fried, who has invested heavily in the Solana ecosystem.
Cryptocurrency Value Drops 90% After FTX Collapse, Concerns About Its Future Are Growing
However, after collaborating with another blockchain network, Filecoin, Solana improved its performance and regained its place among the best cryptocurrencies to invest in today.
5. Cardano
Despite the prolonged bear market, the network Blockchain Cardano has been involved in several projects.
Earlier this year, Dubai Police partnered with a blockchain network to securely share criminal investigation data.
Cardano (ADA) is currently trading at $0.36, indicating a bullish pattern and up 23% over the past year.
What are the benefits of betting using cryptocurrencies?
Cryptocurrencies are not only a valuable investment tool, but they are also changing the way we bet in virtual casinos.
At BC.GAME, players can use various cryptocurrencies such as Bitcoin, Ethereum, Solana, etc. to bet on various casino games ranging from slots to roulette and poker.
This integration not only provides faster transactions, but also provides users with an additional layer of anonymity and more competitive rates.
Focused on privacy
Unlike traditional transactions that often require users to provide personal information, cryptocurrency transactions do not require the disclosure of sensitive data.
This provides an additional layer of privacy for players who wish to keep their betting activities private at casinos, sportsbooks, lotteries, etc.
Agile trading
Cryptocurrency transactions are generally much faster than traditional banking transactions such as deposits and transfers.
While bank transfers and credit card payments can take several days to process, cryptocurrency transactions are often completed in minutes, giving players access to their winnings almost immediately.
Transaction Fee
Fees associated with cryptocurrency transactions are often much lower than those charged by traditional financial institutions.
This means that players save money on processing fees, which can be especially beneficial for frequent bettors.
Start investing (or betting) today!
In short, as the cryptocurrency world continues to evolve, a number of altcoins are emerging, offering alternatives to the already established Bitcoin.
Each of these projects has its own unique strengths and innovations that expand the possibilities for users, including the world of online gambling.
With so many options available, betting at virtual casinos using cryptocurrencies has never been easier.
In addition to Bitcoin, altcoins such as Ethereum, Litecoin, and Ripple offer fast and secure transactions with low fees, providing a good experience for bettors.
If you are ready to explore the future of online betting in addition to investing, start betting with us at BC.GAME! Don’t miss the opportunity to experience the benefits of cryptocurrency betting.
Discover how these altcoins can transform your gaming experience while ensuring security, privacy, and accessibility. Bet with cryptocurrencies at our casino (or sportsbook) and enjoy everything this dynamic and revolutionary world has to offer.