The cryptocurrency market is seen to be continuously growing and proofing off as a profitable venture to dive into, with Bitcoin topping the list. However, there are other valuables cryptocurrencies that you should consider.
This article contains the top 10 cryptocurrency that is as good as Bitcoin that is worth jumping into now.
What Are Cryptocurrencies?
A cryptocurrency, broadly defined, is virtual or digital money that takes the form of tokens or “coins.”
Though some cryptocurrencies have ventured into the physical world with credit cards or other projects, the large majority remain entirely intangible.
The “crypto” in cryptocurrencies refers to complicated cryptography that allows for the creation and processing of digital currencies and their transactions across decentralized systems.
Alongside this important “crypto” feature is a common commitment to decentralization.
Teams who build in mechanisms for issuance (typically develop as code cryptocurrencies often, although not always, through a process called mining) and other controls.
Top 10 Best Cryptocurrency to Invest Today
1. Bitcoin (BTC) — Market cap: Over $846 billion
Created in 2009 by someone under the pseudonym Satoshi Nakamoto, Bitcoin (BTC) is the original cryptocurrency.
As with most cryptocurrencies, BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers.
Because additions to the distributed ledgers must be verified by solving a cryptographic puzzle, a process called proof of work, Bitcoin is kept secure and safe from fraudsters.
Bitcoin’s price has skyrocketed as it’s become a household name. In May 2016, you could buy a Bitcoin for about $500. As of March 1, 2022, a single Bitcoin’s price was over $44,000. That’s the growth of about 7,800%.
2. Ethereum (ETH) — Market cap: Over $361 billion
Both a cryptocurrency and a blockchain platform, Ethereum is a favorite of program developers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens (NFTs).
Ethereum has also experienced tremendous growth. From April 2016 to the beginning of March 2022, its price went from about $11 to over $3,000, increasing more than 27,000%. This is also one of the top 10 cryptocurrency.
3. Tether (USDT) — Market cap: Over $79 billion
This is also one of the top 10 cryptocurrency. Unlike some other forms of cryptocurrency, Tether is a stable coin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations.
In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favored by investors who are wary of the extreme volatility of other coins.
4. Binance Coin (BNB) — Market cap: Over $68 billion
This is also one of the top 10 cryptocurrency. The Binance Coin is a form of cryptocurrency that you can use to trade and pay fees on Binance, one of the largest crypto exchanges in the world.
Since its launch in 2017, Binance Coin has expanded past merely facilitating trades on Binance’s exchange platform.
Now, it can be used for trading, payment processing, or even booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.
BNB’s price in 2017 was just $0.10. By the beginning of March 2022, its price had risen to around $413, a gain of approximately 410,000%.
5. U.S. Dollar Coin (USDC) — Market cap: Over $53 billion
Like Tether, USD Coin (USDC) is a stable coin, meaning it’s backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio.
USDC is powered by Ethereum, and you can use USD Coin to complete global transactions. This is also one of the top 10 cryptocurrency.
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5 More Valuable Cryptocurrency
Polkadot (DOT)
Polkadot (DOT) is a unique PoS cryptocurrency aimed at delivering interoperability among other blockchains.
Its protocol is designed to connect permission and permissionless blockchains as well as oracles to allow systems to work together under one roof.
Polkadot’s core component is its relay chain, which allows the interoperability of varying networks. It also allows for parachains, or parallel blockchains with their own native tokens for specific-use cases.
Where Polkadot differs from Ethereum is that rather than creating just dApps on Polkadot, developers can create their own blockchain while also using the security that Polkadot’s chain already has.
With Ethereum, developers can create new blockchains but need to create their own security measures.
Which can leave new and smaller projects open to attack because the larger a blockchain, the more security it has.
This concept in Polkadot is known as shared security.
Stellar (XLM)
This is also one of the top 10 cryptocurrency. Stellar (XLM) is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for the purpose of large transactions.
Huge transactions between banks and investment firms can now be made nearly instantaneously with no intermediaries and cost little to nothing for those making the transaction.
Though Stellar has positioned itself as an enterprise blockchain for institutional transactions, it is still an open blockchain that anyone can use.
The system allows for cross-border transactions among any currency. Stellar’s native currency is Lumens (XLM). The network requires users to hold Lumens to be able to transact on the network.
This is also one of the top 10 cryptocurrency.
Dogecoin (DOGE)
This is also one of the top 10 cryptocurrency. Dogecoin (DOGE), seen by some as the original “meme coin,” caused a stir in 2021 as the price of the coin skyrocketed.
Some major companies accept as a form of payment the coin, which uses an image of the Shiba Inu as its avatar.
Including the Dallas Mavericks, Kronos, and — perhaps most notably — SpaceX, an American aerospace manufacturer owned by Elon Musk.
Two software engineers, Billy Markus and Jackson Palmer created Dogecoin, in 2013. Markus and Palmer reportedly created the coin as a joke, commenting on the wild speculation of the cryptocurrency market.
The price of DOGE hit an all-time high of approximately 0.74 cents during the week when Musk was scheduled to appear on Saturday Night Live.
As of March 14, 2022, Dogecoin’s market capitalization is $15.0 billion and one DOGE is valued at around 11 cents, making it the 13th-largest cryptocurrency. This is also one of the top 10 cryptocurrency.
Monero (XMR)
Monero XMR is a secure, private, and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon garnered great interest among the cryptography community and its enthusiasts.
Monero has launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.”
With this technique, a group of cryptographic signatures appears, including at least one real participant, but the real one cannot be isolated because they all appear valid.
Because of these exceptional security mechanisms, Monero has developed something of an unsavory reputation — it has been linked to criminal operations around the world.
Though this is a prime candidate for making criminal transactions anonymously, the privacy inherent in Monero is also helpful to dissidents of oppressive regimes around the world.
As of March 14, 2022, Monero has a market capitalization of $3.3 billion and a per token value of $181.32.
Chainlink (Link)
Chainlink uses a decentralized oracle network to facilitate secure interactions between blockchains and external data feeds, events, and payment methods the developers hope will allow smart contracts to become the dominant form of digital payment, according to CoinMarketCap.
One thing working in Chainlink’s favor is a strategic partnership with Google under which Google uses Chainlink’s protocol to connect users to its cloud services, Benzinga reported.
The project’s advisors include former Alphabet Chairman Eric Schmidt, DocuSign co-founder Tom Gonser, and former LinkedIn CEO Jeff Weiner, according to Investing News & Analysis - Securities.io.
Cryptocurrency Tips
If you want to invest in cryptocurrencies, here are six tips:
1. Have a Strategy for Crypto Trading
It isn’t easy to separate genuine cryptocurrency recommendations from scams; there are lots of sharks out there waiting to take your money.
Reports of crypto investment scams surged to 7,118 in the first nine months of 2021. This was up 30% on the whole of 2020, according to Action Fraud, with the average loss per victim at £20,500.
So when you’re confronted with a lot of information about a cryptocurrency, take a step back from the hype.
Try to look critically at the project or platform.
How many users does it have? What problem does it solve? Avoid coins that promise the Earth but haven’t delivered anything tangible.
2. Manage Risk
Some people offering crypto trading tips might not have your best interests at heart. So don’t get stung making the same mistakes as others.
Set limits on how much you invest in a particular digital currency and don’t be tempted to trade with more money than you can afford to lose.
Cryptocurrency trading is a high-risk business and more traders lose money than don’t.
3. Diversify your Crypto Portfolio
It doesn’t pay to have too much invested in one single cryptocurrency. Or as they say: don’t put all your eggs in one basket. As with stocks and shares, spread your money out among different digital currencies.
This means you don’t risk being over-exposed should one of them plummet in value–especially as the market prices of these investments are highly volatile.
There are thousands to choose from, so do your research. Examples include world coin and safe moon.
Check Out these Five Common Crypto Mistakes
Investing in cryptocurrencies and other initial coin offerings (ICOs) is highly risky and speculative, however, if you follow cautiously, you will make reasonable profits from it.
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