One of the trends that have caught the attention over the past couple of years has been the growth of cryptocurrencies. The growth of the digital currency has shown no sign of stopping over the past 12 months, as people try and cash in on a new wave of payment. However, what are the most popular cryptos this year, and is there an increased number of options available when it comes to spending the currency?
Most Popular Crypto
There are a growing number of cryptocurrencies available to those looking to get involved in the surge of popularity, but what are the most popular available this year?
It would be hard to start anywhere else than with the crypto that the majority of people have heard of. Bitcoin has been the most popular form of crypto throughout its history, as it was first debuted back in 2009. Bitcoin has a price of $47,991 and a market cap of $907 billion.
If you have heard of Bitcoin, then the chances are that you have also heard of Ethereum. The second most popular crypto available on the market is among the most prominent due to its smart contract aspect. It has a price of $3,538 and a market cap of $415 billion.
From the co-founder of Ethereum, Cardano is also one of the most popular crypto options out there in 2021. Like the prior mentioned option, it also uses smart contracts, and has a price of $2.52 and a market cap of $81 billion.
XRP was formally known as Ripple, and was founded back in 2012. This crypto offers customers the option to pay in a variety of different real currencies. It has a price of $1.12 and has a market cap of $52 billion.
How To Spend Crypto
After getting crypto, the next question that people want to know the answer to is how they can spend their money. First, you must have a wallet for the crypto that you have, and this must be ensured before spending anything.
There are a growing number of companies now accepting the method as a form of payment, with huge names from all sectors growing to the idea of crypto. Some of the most prominent casinos and sportsbooks were among the first to accept the method, with a growing number of Ethereum casinos available to fans looking to make deposits using the crypto.
However, it isn’t just betting companies that are accepting the payment method. PhillippPlein became the first fashion company to start accepting crypto earlier in the year, with the shop accepting 15 different forms. Whole Foods and Microsoft have also been accepting crypto for a couple of years now, with Microsoft customers able to pay for Skype credit and Xbox Live using crypto.
Other huge companies that are also accepting the payment method in 2022 include Starbucks, Lush, and Etsy. It’s likely that even more companies will be accepting the method from next year.