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Many cryptocurrencies are now available, and the value of many of these assets has skyrocketed in recent years. The value of cryptocurrencies has risen dramatically in recent years as a new generation of internet enthusiasts, wary of big finance and eager to capitalize on the potential of a globally connected digital network, invest time and resources to the creation and promotion of new cryptocurrency products and services.

A cryptocurrency is a type of digital currency that is not regulated by a central authority, such as the government. Instead, it is built on blockchain technology, with Bitcoin as the most frequently utilized example. Investors are beginning to see them as beneficial not only for short-term profits but also for long-term investment. Which ones, however, should you invest in? We’ll go over some crypto coins that have routinely topped the market cap charts to make things easier for you. Because of their relative stability, these could be ideal long-term investment possibilities.

#1 Bitcoin – BTC

Bitcoin is the world’s most widely used and favoured cryptocurrency. As more investors grow interested in this “digital gold,” its value is rising. Bitcoin is the oldest cryptocurrency on the market. It’s easy to see why it’s at the top, with a much higher price, market valuation, and volume than any other investment option. Despite the fact that there are thousands of different cryptocurrencies on the market, Bitcoin still accounts for more than 40% of the overall market capitalisation. Regardless matter whether Bitcoin’s price grows or decreases, it will continue to dominate the cryptocurrency sector. Strong liquidity will benefit traders as long as it exists, regardless of market volatility.

#2 Ethereum – ETH

Ethereum is more than digital money when compared to Bitcoin. It’s also a network that allows programmers to create their own coins by utilizing the Ethereum network. While Ethereum trails Bitcoin in terms of value, it outperforms its competitors. In 2021, the price of ETH increased, although for different causes than the price of Bitcoin (BTC): For example, Ethereum made headlines when a work of digital art was auctioned for more than 38,000 ETH – or 69.3 million USD – making it the world’s most expensive NFT.

#3 Binance Coin – BNB

Binance Coin is one of the few cryptocurrencies to have surpassed its 2017 high. During that year, there was a bull market, and the prices of all cryptocurrencies rose in tandem, reaching a peak before plateauing and decreasing in value. Binance Coin users receive a discount on transaction fees on the Binance Exchange as an incentive. BNB can be exchanged or traded for other cryptocurrencies such as Bitcoin, Ethereum, Litecoin, and others. Binance Coin started off as an Ethereum-based ERC-20 token before becoming the native currency of Binance’s own blockchain, the Binance Chain, in July 2017. Since 2017, Binance Coin has been on a slow but steady growth trajectory.

#4 Cardano – ADA

Cardano’s currency, ADA, briefly broke the $3 mark before settling at $2.34 at the time of writing. While some may say that BTC and other large crypto players artificially inflated the Cardano price, the truth is that this has been planned for quite some time. Cardano is up 1600% year to date. As a result, in 2021, the ADA will be among the best-performing cryptocurrencies.

#5 Uniswap – UNI

The UNI price action has been fairly strong since the turn of the year. Since the beginning of 2021, UNI has outperformed a number of other DeFi currencies. Since January 1, 2021, when it touched an all-time high of $44.97 on May 3, the token has gained about 800% Despite the fact that the token’s value has recently plummeted, investors continue to flock to the UNI market due to the project’s strong fundamentals. UNI has recovered in recent weeks, according to technical analysis, and has overcome some significant difficulties to reclaim the $33 support. Users may trade cryptocurrency on Uniswap without needing to open an account with a cryptocurrency exchange. Instead, connect your Ethereum wallet to the Uniswap website and begin trading cryptocurrency directly from your Ethereum wallet.

ALSO SEE

When the current cryptocurrency bear run started we wrote an article on Why Cryptocurrency prices was falling. Some of the reasons was because a major country banned the use and trade of cryptocurrency.

Bitcoin made its debut as the first cryptocurrency in 2009 ushering in the new era of peer to peer digital currencies. While many countries and governments are contemplating best practices to regulate and manage the legality or not otherwise of the rising cryptocurrency economy.

So you want to know about all the countries where crypto is currently banned?

Dive in!

China

Recently China became the largest economy to ban Bitcoin. All cryptocurrencies exchanges are also banned. All banks and other financial institutions like payment processors are prohibited from transacting or dealing in bitcoin. The government also cracks down on miners.

Vietnam

The government of Vietnam and its state bank has stated that bitcoin is not a legal or recognised payment method though there is not regulation of bitcoin as an investment

Bolivia

The central bank of Bolivia has banned the use of bitcoin and other cryptocurrencies.

Colombia

Colombia has outlawed the use of Cryptocurrencies for either payment or investment.

Ecuador

The National Assembly in Ecuador passed a majority vote banning bitcoin and other cryptocurrencies.

Nigeria

Nigeria’s Central Bank recently also joined the list of countries that have banned bitcoin and other cryptocurrencies. It instructed the banks to withdraw support for any crypto related services/transactions and block any accounts used in transacting or facilitating cryptocurrency transactions.

Turkey

Turkey banned the use of cryptocurrency for payments. This came after months of increasingly tight restrictions on cryptocurrency exchange operations.

Algeria

Algeria in 2018 banned cryptocurrency use and trading. Those who break the ban are punishable under the country’s existing financial laws.

Nepal

Trading in or using cryptocurrency in Nepal could land you in jail. The Nepal Rastra bank has banned the use and trade of cryptocurrency in the country.

Qatar

In Qatar banks are banned from trading in cryptocurrencies. The Central Bank warned banks not “deal with bitcoin, or exchange it with another currency, or open an account to deal with it, or send or receive any money transfers for the purpose of buying or sell this currency.”

Bangladesh

Bangladesh government has banned cryptocurrency since 2017. It asked citizens “to refrain from performing, assisting, and advertising all kind of transactions through virtual currencies like Bitcoin to avoid financial and legal damage.”

As you read this the list of countries not allowing cryptocurrency may change as more countries deliberate on their approach to the crypto/digital currency revolution.