With so much happening in the cryptocurrency space, it can be difficult for crypto investors’ and enthusiasts to keep up with the most critical news of all time. As the market currently has over 14,000 digital coins, assessing and evaluating each for investment purposes is not feasible for most. With coins like decentraland coin, Ox Protocol (ZRX), Steem (STEEM), SiaCoin, and others entering the market, picking the best coins for one’s portfolio is increasingly becoming challenging for Gen Z investors. Hence, to help investors like you, we’ve gathered some of the best and popular along with some unpopular cryptos, so you’re up-to-date with the critical information from the crypto space.
Popular Cryptos Among Gen Z Investors
More than half the coins available in the market today provide no real value or tangible utility. It implies they will no longer remain relevant in the long run, as the demand for valuable and problem-solving coins will only grow with time. If you’re a Gen Z investor, you should be aware of the following popular cryptos dominating the market.
Needless to say, it is the top, most popular cryptocurrency available today. Bitcoin was launched as a peer-to-peer payment transfer system and wanted to change the current financial system. It aims to become the world’s future currency by revolutionizing the way people exchange money or make transactions. Currently, Bitcoin has the largest market share in terms of market capitalization.
The second most popular cryptocurrency is Ethereum. Though Ethereum and Bitcoin are built using the same underlying technology, i.e., Blockchain, the former leads the race by providing additional utility than just facilitating financial transactions.
Ethereum blockchain network allows developers to create dApps using smart contracts – a feature Bitcoin lacks. It is why Ethereum has constantly been placed on the list of top ten cryptocurrencies consistently, making it a popular choice among Gen Z investors.
Another popular crypto on the list for Gen Z investors is XRP or Ripple. This crypto was launched to revolutionize the way cross-border payments are made. It aims to give touch competition and even replace SWIFT. Ripple makes international payment transfers faster, secure, and affordable.
Currently, major financial institutions across the globe have signed up to use Ripple. Some of the partners include Bank of America, Xenderpay, Standard Chartered, American Express, MoneyGram, Royal Bank of Canada, DBS Bank of Singapore, Westpac Institutional Bank and Bank of Australia, etc.
One more popular crypto for Gen Z is Litecoin. Initially created as a spin-off of Bitcoin, Litecoin has come a long way in terms of value, growth, and demand. It is an open-source global payment network that allows people anywhere in the world to pay without the need of an intermediary having to process the transaction.
Litecoin is based on the Srcypt algorithm and is the sixth-largest cryptocurrency according to market capitalization. However, its position keeps changing owing to the highly volatile nature of the cryptocurrency market.
Gen Z investors are betting big on the Solana coin, another popular cryptocurrency. It is a decentralized, public blockchain platform that uses SOL as its native currency. This programmable blockchain facilitates high-speed transactions. It’s competing directly with Ethereum and uses Proof-of-history as the network’s core mechanism. When it comes to verifying transactions, Solana too uses a proof-of-stake mechanism, which is used by various other cryptocurrencies too.
Unpopular Cryptos Amongst Gen Z
Now that you’re aware of the top and most popular cryptocurrencies among Gen Z, it’s time to take a really quick look at some of the most unpopular ones. The coins mentioned below failed to make the mark they intended to, but they still exist in the cryptocurrency market. Let’s take a quick look at those coins shared below.
OMG coin is the native currency of the OMG Network based on the Ethereum system. The network was created to facilitate a faster movement of digital currencies or assets between different wallets without them having to trust one another. The OMG Blockchain network uses the proof-of-stake consensus mechanism and claims to facilitate asset transfers faster than most networks. You can also find a trading engine built inside the network that allows wallet providers to make orders that can be automatically matched to other providers.
For the uninitiated, Klaytnv is the centralized version of Ethereum. Launched with the aim to make blockchain technology widely acceptable, this high-potential digital coin fell behind owing to its lack of decentralization process. The Klaytnv network uses a unique consensus method called the Practical Byzantine Fault Tolerance, which eliminates the competition between Proof-of-Work and Proof-of-Stake because of its blazing fast speed and reasonably affordable cost. You can consider Klaytnv as Facebook’s Libra network, with the exception of it trying to combine the functionality of both a private and public blockchain using advanced features.
EOS is the native cryptocurrency of the blockchain network EOS.IO, a smart contract platform that aims to eliminate transaction fees while simultaneously processing millions of transactions per second. EOS is designed exclusively for financial institutions and commercial developers willing to adopt blockchain technology at a wider scale. One can compare the EOS network of Ethereum as it facilitates the creation of multiple dApps on its network.
Another less popular yet unique cryptocurrency is the Revain (REV) coin. It was created for the cryptocurrency community as a blockchain-based review platform. It is divided into seven sections, i.e., games, exchanges, wallets, mining pools, projects, casinos, and cards. This network was created to provide authentic user feedback with the help of high-quality reviews on global products and services based on blockchain. Still, it couldn’t gather the popularity and space it intended to among Gen Z investors.
The list of popular and unpopular cryptos amongst Gen Z investors can be seemingly endless, but we’ve included the coins on the above list that deserved your highest attention. Now that you’re aware of the complete list make sure you plan your crypto investment accordingly.