Popular Cryptocurrencies: Bitcoin, Ethereum, Dogecoin, Sushi Coin and Shiba Coin

Cryptocurrencies, which are on the agenda of the digital currency markets, are followed with interest by all investors, large and small. Bitcoin (BTC), the leading cryptocurrency coin, is almost universally recognized as the most valuable digital currency. So what are Ethereum, Dogecoin, Sushi Coin Shiba Coin, which follow Bitcoin? We have compiled for you what you should know about these altcoins.

Ethereum is one of the other coins that stand out after Bitcoin, the cryptocurrency leader. What is Ethereum? : Ether is the virtual currency with the largest market capitalization after Bitcoin. Vitaly Dmitriyevich is the founder of ETHEREUM, which is second only to BTC in the cryptocurrency market. Vitaly is a 28-year-old Canadian computer programmer of Russian origin. Ethereum price today is ₺17,678.48 TRY, 24-hour trading volume is ₺217,761,626,193 TRY. ETH / TRY. The biggest advantage of Ethereum (ETH) is that it has different applications beyond being a cryptocurrency. For example, Ethereum is a Non-Fungible Token (NFT), the blockchain behind digital assets that are, in short, one-of-a-kind and known as the foundation of decentralized finance. What is Dogecoin, the favorite coin of Elon Musk, the famous businessman and CEO of Tesla? Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, which has managed to enter the top 10 of the cryptocurrency market in terms of trading volume. Launched in 2013, Dogecoin was initially launched as a joke based on a meme coin to poke fun at food and food-oriented cryptocurrency projects, but this caused Dogecoin's credibility to falter. The main reason for the rise in Dogecoin's price is the praise it has received online. In particular, Elon Musk, one of the richest men in the world, often comments on this coin, causing a significant increase in its price. Analysts comment, "If you choose to invest in Dogecoin, you should only invest what you can afford to lose. What is Sushi Coin? Sushi Coin, which has made a name for itself in recent days; It is known as the official currency of the SushiSwap platform. This decentralized protocol is described as advanced community-friendly. Unlike traditional exchanges, it is a DEX that can be liquidated by users, and each user is a market maker. SushiSwap uses a mechanism called automated market making (AMM). By way of explanation, SushiSwap users can use smart contracts to create and manage token liquidity pools that they can use to trade cryptocurrency assets. Sushi Token is very easy to use and can be linked to the Ethereum wallet on the main page, allowing it to record transactions immediately. Thanks to the ease of operation of the first stage, users can easily transfer their coins to the liquidity pool. For this, the pool to be used must be chosen carefully. Because the annual return of each pool differs from each other. If you have invested in Sushi Coin, you can get your share of income even if you withdraw your investments from the stock exchange. Thanks to this feature, while caring about user interests, it also supports its investors. (SOURCE: Bitlo.com) What is Shiba Coin? : Shiba Coin is a decentralized cryptocurrency created in August 2020 by an anonymous person known as "Ryoshi". Released after Dogecoin, Shiba Coin was dubbed the 'Dogecoin Killer'. It is a joke token inspired by the famous Japanese hunting dog Shiba. SHIBA, an altcoin created on the Ethereum (ETH) blockchain, is said to have been created as an alternative to DOGE coin. The SHIB token was released in August 2020. The total supply of the SHIB token is 589,735,030,408,323 units. Ryoshi sent 50 percent of the SHIB tokens to Ethereum founder Vitalik Buterin's wallet address and used 50 percent on the Uniswap (UNI) decentralized exchange to provide liquidity. (SOURCE: Bitlo.com) The investment information, comments and recommendations contained herein do not constitute investment advice. Investment advisory services are provided on a personalized basis, taking into account the risk and return preferences of individuals. The content, comments and recommendations contained herein, which are in no way directive in nature, are of a general nature. These recommendations may not be suitable for your financial situation and risk and return preferences. Therefore, making an investment decision based solely on the information contained herein may not produce results in line with your expectations.