Wondering what the most popular cryptos in Ireland are. From Bitcoin and Ethereum to Solana, Chainlink, and Cardano, there is much to choose from in the digital currency world nowadays.
From making online transactions much faster and easier to reducing fees and helping people take advantage of exclusive casino sign-up offers, crypto has changed how many people do business online.
If you are getting started in the world of crypto and want to know more about the most popular crypto assets to get you started, check out the list below.
1 Bitcoin (BTC)
Bitcoin (BTC) is the top digital currency choice in Ireland and most of the world. Created in 2009 by Satoshi Nakamoto, Bitcoin is the original cryptocurrency and a favored investment and transactional asset. It runs on ledger logging transactions, also known as a blockchain.
The price of Bitcoin has seen its ups and downs. For example, the price of a single Bitcoin in 2016 was approximately £370. In October 2023, the price of a single Bitcoin was nearly £23,000. An ever-growing number of businesses in Ireland are embracing the potential of this OG cryptocurrency. As more and more businesses and people adopt BTC and invest in it, its value is expected to rise.
2 Ethereum (ETH)
The second-largest cryptocurrency by market capitalization in Ireland is Ethereum (ETH). It is both a cryptocurrency and a blockchain platform. Launched back in 2015, this crypto has had its highs and lows. In just six years, the price of ETH went from £8 to nearly £1,400. An interesting fact is that Ethereum (ETH) was the first blockchain to introduce smart contracts. This popular crypto offers features such as decentralized applications and tokenized assets. It also supports a wide range of programming languages.
Non-fungible tokens (NFTs) are one of Ethereum’s most recent growth drivers. Considering the popularity of NFTs, it is safe to say that Ethereum is currently one of the best crypto assets to invest in.
3 Chainlink (LINK)
Next on our list is Chainlink (LINK). Released in 2021, Chainlink is famous for its decentralized Oracle network. For those who don’t know, oracle data tools provide a secure bridge between blockchain networks and external real-world data. That said, businesses using blockchain can now verify conditions they wish to code into a contract. Chainlink is a top-tier crypto investment that allows businesses more options when looking for innovative Oracle solutions.
4 Solana (SOL)
Launched in 2020, Solana (SOL) is a popular blockchain platform that supports both non-fungible tokens and smart contracts. The Solana network was developed by former Qualcomm engineers and has one of the best verification systems in the digital market. It is also extremely fast and can process nearly 50,000 transactions per second. Many people use Solana to conduct free or low-cost transactions, especially in the NFT space. This blockchain platform is also extremely popular among developers creating NFT projects. In 2020, the price of Solana started at £0.57. As of November 2023, the price is around £20.
5 Cardano (ADA)
Next on our list of the most popular cryptocurrencies in Ireland is Cardano (ADA). Similar to Ethereum, Cardano is a crypto known for its proof-of-stake (POS) validation. It means that, unlike other digital currencies, Cardano focuses on effectively decreasing energy usage and processing transactions. To sum it all up, Cardano is here to build a sustainable and super-energy-efficient platform. This crypto is similar to Ethereum, as it enables decentralized apps and smart contracts.
6 Dogecoin (DOGE)
A meme-inspired crypto that started as a joke in 2013, Dogecoin (DOGE) has become an extremely popular cryptocurrency because of Elon Musk. After gathering a pretty impressive following and a loyal community driving it forward, Dogecoin evolved into a successful cryptocurrency. Thanks to the involvement of Musk, this crypto has become a popular option for people who wish to invest in digital currencies. An interesting fact is that the number of Dogecoins that can be created is countless. There has also been a recent buzz around the possibility of Dogecoin and Twitter integration.
7 Binance Coin (BNB)
Last on this list of popular cryptos in Ireland is the Binance token (BNB). Issued by Binance, one of the world’s largest cryptocurrency exchanges, BNB is completing many tasks in the Binance ecosystem, from Initial Exchange Offerings to transaction fees on the exchange. The currency can be used for a variety of applications, transactions, and other use cases. Unfortunately, this crypto experienced massive withdrawals of customer deposits after the U.S. Securities and Exchange Commission sued the exchange and accused the company of violating securities laws.
Investing in cryptocurrencies in Ireland and abroad has become increasingly popular over the last few years. Should you invest in Bitcoin, go for Ethereum, or try cryptos like Solana and Cardano? Although there are many options to choose from, the best crypto to invest in ultimately depends on your preferences and needs.
Conducting your own research and understanding the risk that comes with investing in the world of digital currencies are crucial steps to take before making your first purchase. Keep in mind that although digital currencies have huge investment potential, cryptocurrency is still in its earliest stages and government regulations in the coming years could significantly affect it.
Disclaimer: The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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