Cryptocurrencies are very famous now, and the best thing is that there are plenty of different kinds of cryptos available in the market. Unfortunately, there are so many choices in cryptocurrencies, so it can be pretty overwhelming for new people to choose.
For helping you in choosing the best digital currency, we have enumerated the top 10 digital currencies which are doing well in the market. If you want to start bitcoin trading, check how to invest your savings in bitcoin.
Satoshi Nakamoto is the person behind bitcoin. He created this very first digital currency in 2009. Bitcoin uses blockchain technology or a public ledger that helps process transactions. With the help of the tight security of blockchain, bitcoin is entirely safe from the risk of hacking and fraud. The price of bitcoin is increasing with each passing day, and it is the number one digital currency with the largest market capitalization. So, if you are looking for a safe option, then investing in bitcoin is best for you.
You should know that Ethereum is crypto as well as a blockchain. Program developers mainly prefer this digital currency due to its excellent applications and features like smart contracts. This crypto is the second largest after bitcoin, and it has seen outstanding growth over the past few years.
It is a trustable digital currency that you can use for trading and paying fees on its founder platform, Binance. Any person can use the binance coin for trading purposes, payment processing purposes and even for reservation of travel tickets. The best thing is that you can trade this crypto for other kinds of digital currencies, also like bitcoin and Ethereum. If you invest in this digital currency, you will not have to worry about anything because it is best on its own.
The market capital of Tether crypto is more than 79 billion dollars. You might not know, but tether is a stable coin which means that it has the support of US dollars. since tether is a stable coin, its value is highly consistent if we compare it to the other cryptos. Therefore, this crypto is favoured by those afraid of the high fluctuation of other digital currencies.
US dollar coin!
Like tether crypto, the US dollar coin is also a stable coin backed up by fiat currency. However, you need to know that this cryptocurrency comes under Ethereum. You can easily make use of this crypto for completing transactions in any part of the world. The best thing is that the transactions of USD coins are much faster and cheaper than fiat currency transactions.
You need to know that terra is a blockchain payment platform for stable coins. This platform depends on managing a balance between two different cryptos. The one is terra stable coins, and the other is Luna, which works according to demand and supply. When the acceptance of the terra increase, then it impacts Luna by increasing its value.
Cardano is an outstanding digital currency with more than 33 billion dollars in market capitalization. It is famous for its proof of stake validation method. In addition to its this digital currency also allows the users to have access to smart contracts. Therefore, the growth of this digital currency is quite significant if we compare it to the other big digital coins.
This digital currency offers blockchain software to its users, which helps create and execute smart contracts. The popularity of avalanche has grown very fast because of its lower gas fees and quick processing of transactions. The current market capitalization of this digital currency is over 22 billion dollars.
Solana is an exceptional digital currency that runs on a proof of stake mechanism. These methods help faster process the transactions in a secure manner. In addition, you should know that SOL is Solana’s native token powering this whole platform.
It is a digital currency created by the founders of Ripple company, a digital payment processing company. So you can buy this coin and use it on that network to facilitate the exchanges of currencies, including fiat money and some other type of digital currencies. You will be happy to know that the current market capitalization of the XRP coin is 37 billion dollars, which is enormous.