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A cryptocurrency is an example of a virtual digital asset supported through a network of computers. As a result of their decentralized nature, cryptocurrencies do not need permission from a third party like the government, banks, or other financial institutions.
Cryptocurrencies have become very popular worldwide because they are a cheap and efficient way of handling transactions, and transactions are not restricted to a single area.
Bitcoin (BTC) and Ethereum (ETH) are two of the most popular cryptocurrencies that nearly everyone has heard of, but there are over 19,000 cryptocurrencies on the market.
Like Algorand (ALGO) and Stellar (XLM), many of them have already been established as well-known cryptocurrencies. Other newer ones like RoboApe (RBA) have begun to grow in the past year.
Algorand (ALGO) is a layer-1 blockchain system created in 2019 by an MIT professor and cryptography specialist, Silvio Micali.
The main aim of Algorand (ALGO) is to increase blockchain scalability by creating an ultrarapid community where customers can carry out transactions at high speeds and at the lowest possible cost.
Algorand (ALGO) has established itself as an innovative project within the DeFi space, and it has become a decentralised governance protocol.
Due to the introduction of a mechanism to reward holders for being a part of voting processes, Algorand (ALGO) has gained a large base of investors and loyal users.
Algorand (ALGO) has recently entered into a new agreement with FIFA, establishing ALGO as a big shot in the crypto sphere. Algorand will work for hand in hand with FIFA during the World Cup and could also be a sponsor.
Stellar (XLM) is a cryptocurrency project created by the Stellar Development Foundation.
Jed McCaleb founded Stellar Development Foundation as a non-profit organisation. Stellar (XLM) is a decentralised, secure platform created to ensure the security of transactions processed internationally.
Stellar (XLM) has about 22.5 billion coins in circulation and has a maximum supply of 50 billion, after about half of the original coins were burned in Nov 2019.
A new meme token called RoboApe (RBA) was recently introduced into the crypto scene and is set to present numerous opportunities for individuals to work together to generate, trade and handle funds in a decentralised manner.
Hence, a small price will be charged for each transaction carried out on the RoboApe (RBA) platform, half of which will be burned, and the other half will be returned to the holders of the investors who made the payment.
RoboApe esports and group activities or tournaments are examples of activities that could be a part of the RoboApe ecosystem to improve the gaming experience. In addition, different blockchains can be linked to RoboApe, and it would allow cross-chain token transactions via the RoboApe Swap Service.
RoboApe (RBA) will function as a decentralised autonomous organisation (DAO) to offer direct access to improved sources and provide decision-making powers to RoboApe community members.
If you're looking for a viable cryptocurrency to invest in, you could consider RoboApe (RBA). RoboApe could be the next big thing to hit the cryptocurrency market, given its potential and properties.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
