’s electoral victory three weeks ago, and it’s nearing $100,000 per coin after trading below $40,000 in January. It’s up $30,000 per coin post-
PoW coins like Bitcoin and Ethereum Classic, the original Ethereum, require miners to solve a complex algorithm in order to validate the transactions in a block. If a blockchain has a lot of powerful computers mining on it, the network is more secure and less susceptible to attacks. The higher the hash rate, or total computational power securing the network, the more energy and money would be required to launch an attack.
The most recent meme coin to take the internet by storm is PEPE, which features the character from the Pepe frog memes on its logo and was recently listed on Robinhood. Since March, its market capitalization increased from about $1.5 billion to nearly $11 billion before falling back to $8.7 billion where it currently sits as the 18th most valuable cryptocurrency on the market.There are many other coins that share similarities to Bitcoin.
While technically not a fork of Bitcoin, Litecoin was created from a copy of Bitcoin’s code by former Google software engineer. While Bitcoin is seen as a store of value that will likely be used for higher-value transactions in the future due to its greater security, slower speed, and higher fees, Litecoin was designed to be more scalable for lower-value transactions as a form of digital cash as adoption increases.