Top 10 Cryptocurrencies to Invest

Top 10 Cryptocurrencies to Invest

There are thousands of different cryptocurrencies in the world of cryptocurrencies. These are the top 10 cryptocurrencies to help you plan your future investments.

 

What Are Cryptocurrencies?

A cryptocurrency is a digital asset that can be traded freely, independent of any bank or centralized authority. There are currently 22,500+ cryptocurrency projects active, which together make up the $1 trillion cryptocurrency industry.

Bitcoin (BTC)

Capitalization: $426.9 billion

The initial cryptocurrency is Bitcoin (BTC), which was created by Satoshi Nakamoto in 2009. BTC operates on a blockchain, which is a ledger that records transactions across a network of thousands of computers, like the majority other cryptocurrencies. The price of a single Bitcoin in May 2016 was roughly $500. On February 14, 2023, the cost of one Bitcoin was around $22,128. The growth there is 4,326%.

 

Ethereum (ETH)

Capitalization: $189.7 billion

Ethereum has grown significantly as both a coin and a blockchain platform. Its price increased by 13,991% between April 2016 and the end of February 2023, from roughly $11 to about $1,550.

 

Tether (USDT)

Capitalization: $69.2 billion

Tether (USDT) is a stablecoin, backed by fiat currencies like US dollars and Euros and it maintains a value equal to 1 $. As a result, investors who are cautious of the severe volatility of other coins choose can Tether for their investment because its value is theoretically expected to be more stable than that of other cryptocurrencies.

 

Binance Coin (BNB)

Capitalization: $46,9 billion

One of the biggest cryptocurrency exchanges in the world, Binance, accepts payments in the form of Binance Coin which is also called BNB. In 2017, BNB cost only $0.10. Its price increased by 296,645% to roughly $297 by the end of February 2023.

 

Dollar Coins (USDC)

Capitalization: $41.2 billion

Similar to Tether coin, USD Coin (USDC) is a stablecoin that remain close to 1 USD. Basically Ethereum powers USDC, and you can use USD Coin to execute cross-border transactions as well.

 

Ripple (XRP)

Capitalization $19.1 billion

In that network, XRP can be used to facilitate exchanges of other sorts of money, including fiat money and other significant cryptocurrencies. XRP was worth about $0.006 at the start of 2017. On February 14, 2023, it cost $0.38, an increase of 6,181%.

 

Binance USD (BUSD)

Capitalization: $15.6 billion

Paxos and Binance founded the stablecoin known as Binance USD (BUSD) to develop a stable cryptocurrency backed by the dollar,. Paxos retains an amount of US dollars equivalent to the entire supply of BUSD in order to maintain this value of 1$.

 

Cardano (ADA)

Capitalization: $13.3 billion

Cardano (ADA), By eliminating the competitive, problem-solving element of transaction verification in systems like Bitcoin, this technique reduces energy consumption, speeds up transaction times, and has a smaller negative impact on the environment. Cardano functions similarly to Ethereum in enabling smart contracts and decentralised applications that are powered by ADA, the native token of the platform.

The price of ADA was $0.02 in 2017. Its cost was $0.38 as of February 14, 2023. This represents a 1,815% increase.

 

Doge Coin (DOGE)

Capitalization: $11.0 billion

Famously created in 2013 as a meme coin and it quickly gained popularity as a cryptocurrency thanks to a passionate community and clever memes. Unlike many other cryptocurrencies in world Dogecoins can be manufactured in an unlimited amount and this make the currency vulnerable to devaluation as supply rise.

In 2017, Dogecoin cost $0.0002. Its price reached $0.08 in February 2023, up 41,496%.

 

Polygon (MATIC)

Capitalization: $10.8 billion

Matic Network was established in 2017 and It is also known as "Ethereum's internet of blockchains". Perhaps as a result, MATIC offers compatibility for over 7,000 decentralised applications (dApps).

After its initial release, Polygon has also grown significantly. When MATIC was introduced its price was 0.00263 $ and it is now trading at 1.24 with a gain of 46,875%.

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