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#1. Bitcoin (BTC)

Present, past, and future – Bitcoin has become a timeless asset for cryptocurrency traders. No matter what cryptocurrency trading instrument you choose, you can bet on bitcoin. 2017 is already a bull run moment for bitcoin. There has been a consistent rise in its value.

In the past one year, its value has only seen an upward trend. Even COVID-19 led economic crisis couldn’t slow it down. The recent USD1.5 billion investment by Elon Musk’s Tesla has given it a new height.

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#2. Ethereum (ETH)

Ethereum’s consistency over the past one year makes it the second most preferred cryptocurrency to buy and sell. Citing the current ETH price (USD1825), you can easily get almost 29 times more ETH than BTC at the same deposit. Long-term or short-term – Ethereum could be a prudent thought.

Its current market capitalization is $209,443,778,508 USD and it maintains a healthy circulating supply of 114,977,310 ETH coins. What guarantees the security of the Ethereum network? Ethereum is secured via the Ethash proof-of-work algorithm, derived from the Keccak family of hash functions.

#3. Binance Coin (BNB)

Until January 2021, BNB was not even in the top 10 cryptocurrency coins. Since then, the Binance coin has witnessed an almost six-fold growth in its value. It shouldn’t surprise you considering the age of the cryptocurrency.

BNB was launched through an initial coin offering in 2017, 11 days before the Binance cryptocurrency exchange went online. Considering the current Binance coin value, i.e., $272.44 USD, which is almost 20 times lesser than that of BTC, it’s easy to conclude that owning more BNB can make you richer if the price goes up further.

#4. Cardano

In just four years of its inception (founded 2017), Cardano has become one of the favorites of cryptocurrency traders that take market capitalization to USD 37,939,127,099. Over the past one year, its value has grown exponentially from USD0.17 to USD1.20, which is almost over six folds.

What does secure Cardano? Its security is maintained through an “environmentally sustainable, verifiably secure” PoS protocol, popularly called Ouroboros. It’s delivered by a PoW consensus mechanism while using substantially less power.

#5. Tether (USDT)

Tether belongs to a new breed of cryptocurrencies called stablecoins. Its value is fixed at USD1. On the contrary to the volatility of other cryptocurrency coins like BTC, it aims to maintain a stable valuation. This attribute makes it a preferred medium of exchange like USD or any fiat currency, and a mode of storage of value, instead of being used as a medium of speculative investments.

The Wall Street Journal, based on CryptoCompare data, reports that 80% of all bitcoin trading is done in Tether, and the stablecoin is a major source of liquidity for the cryptocurrency market.

#6. Polkadot (DOT)

Polkadot’s growth after December 2020 to till date has been phenomenal. It has attained almost seven times growth. DOT is a unique proof-of-stake cryptocurrency. It was conceptualized with a mission to deliver interoperability between other blockchains. It bridges permissioned and permissionless blockchains as well as oracles to allow systems to work together under one roof. Its current value of USD36

The interoperability of varying networks is facilitated by its relay chain. It also allows for “parachains,” or parallel blockchains with their own native tokens for specific use cases.

#7. XRP (XRP)

Wise investors make the most out of the little investment they do. Hence, do not ignore XRP trading citing its low value (USD0.48) today. The usability of its underlying XRP Ledger into the mainstream banking and supply chain for real-time gross settlement has increased its adoption, and its value is likely to see new heights in the near future.

XRP runs on the RippleNet platform which is built on the top of a distributed ledger called XRP Ledger. While RippleNet is run by a company called Ripple, the XRP Ledger is open-source and is not based on blockchain, but rather the previously mentioned distributed ledger database.

#8. Uniswap (UNI)

Though Uniswap comes at #8, its resilience amid COVID-19 led economic crisis is appreciable. This is the only cryptocurrency that hasn’t seen a downward movement since its launch in September 2020. With its current value of USD 33.42, it comes as an incredible choice for all types of investors – beginners and advanced.

#9. Litecoin (LTC)

The consistent rise in the market capitalization and circulating supply of Litecoin makes it a potential investment instrument. Its current value is pegged at USD198.89. It has never disappointed its investors since 2014.

There is a fundamental difference in the underlying technology of BTC and LTC. It uses a hashing algorithm, hard cap, block transaction times, and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees.

#10. Chainlink (LINK)

Chainlink (LINK) derives its underlying technique from a decentralized oracle network that aims to connect smart contracts with data from the real world. Sergey Nazarov along with Steve Ellis developed it, and was launched through an ICO in September 2017. It raised USD32 million, with a total supply of 1 billion LINK tokens.

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People Are Denied Payday Loans- Here’s Why!

Payday loans are a means for rescue when one is short on money and cannot apply for a traditional loan for various reasons. When one gets rejected by other lenders such as conventional ones due to not being able to offer collateral or due to having a bad credit rating, they opt for payday loans since these loan lenders are more lenient than the others. However, do payday loan lenders offer cash advances without any terms and conditions? Let’s first have a look at scenarios in which they do offer loans:

Bad credit:

A huge number of Americans possess credit scores that are average or below that. That means that they hold credit ratings below 600. This can make it difficult for them to get a loan from a traditional or a conventional lender. Traditional lenders often reject borrowers whose credit scores are below 600 since they depend on the previous financial transactions and repayment histories of borrowers in order to come to a conclusion about whether they qualify for a loan with them or not.

However, payday loan lenders do not depend on one’s credit rating in order to offer a loan to him/her. That’s because they do not believe in one’s past financial transactions and repayments in order to give them a loan. They instead ask for the individual to have a stable monthly income which is the main factor that determines whether or not one can receive a loan from them.

Collateral:

If a bad credit holder seeks a loan from a traditional lender, it is most likely that the lender will turn own the request. However, average credit rating holders can get a chance to receive a loan from these lenders provided they have something to offer as collateral. That means, they have to put something as valuable as a car or their house at stake in order to get a loan from them. Not everybody has a vehicle of their own or a house that they own to offer to a lender as security, which makes it difficult for them to get a loan. However, payday loan lenders offer unsecured cash advances to their borrowers. This makes life easy for those who have bad credit but nothing to offer as security or don’t want to risk something by putting it up as collateral. Again, as long as the borrower has a stable income, it shouldn’t be a problem for the lender to offer him/her a loan.

Now, let’s look at situations wherein payday loan lenders deny loans:

No stable income:

From the very beginning of this article, we have been enforcing the idea of one having a stable income in order to receive a loan from a payday loan lender. That’s because that’s the main requirement in order to receive a loan from them. If one doesn’t have a stable income, he/she shall not qualify as a trusted borrower with a payday loan lender. Payday loan lenders concentrate on the current financial status of the borrower in order to lend a loan. So, if there is no monthly income which is stable, there is no chance of one receiving a loan from them.

Bank account:

This is majorly directed towards online loan lenders. Online payday loan lenders require their borrowers to have a checking account through which they can both deposit as well as withdraw cash. The whole idea of applying for an online loan is to avoid the hassle of paperwork and more that comes with applying with a store-based lender. Online loan lenders also like to avoid the hassle of not being repaid on time, which is why they withdraw cash from your account on the due date. Of course, they do inform their borrowers before doing so, but it is a much more convenient option even for the borrower who gets to avoid keeping a track of the due date as well as travelling to a store just to pay back a loan. In order to have a smooth lending and borrowing experience with a payday loan lender who’s based online, it is important for you to have a valid checking account.