The Ten Best Cryptocurrencies
Everyone wants to buy and buy cryptocurrencies but most are confused about which is the best and worth investing in. We will discuss here the top ten cryptocurrencies which you can hold for the long term and invest in for maximum gains.
We should note that because the market capitalizations of cryptocurrencies keep changing, the crypto listed here may not be in the top 10 anymore by the time you read this.
So here are the top 10 Cryptocurrencies.
Bitcoin is the No. 1 cryptocurrency. It was developed by Satoshi Nakamoto and is fully decentralized. If you want the safest investment, you should buy Bitcoins. Bitcoin will become the digital currency and digital gold in the future and we need to be a part of it. It has the highest trading volume and marketcap.
Ethereum is also a decentralized cryptocurrency like Bitcoin but it enables smart contracts, dapps, NFTs to be developed on its chain and thus maintaining security and trust. Ethereum enjoys 2nd place in the cryptocurrencies and no other currency is able to take over its marketcap.
Cardano is another open-sourced project which is at the number 3 sport in coinmarket. They have recently developed their smart contracts and soon we will see many applications on this platform.
Tether USDT is a stable coin and its value always remains at one Dollar. This is backed by the USD as stated by the company. There are some allegations against them but they always stood firm and proof they are not doing anything shady. If you are investing in stable coins, it is recommended to invest in different stable coins and not is a single stable coin.
5-Binance Coin (BNB)
Binance coin comes at the rank 5 in coinmarketcap. It is the native currency of Binance Exchange. Binance is the No. 1 exchange at the moment and therefore BNB price and marketcap are increasing every day. Also, they burn their supply quarterly which further makes it demand more as the total coins are always getting reduced.
XRP is made to create fast and secure payments that can help in the banking sector. It has a huge use case and many banks are adopting Ripple. One thing to note, Ripple is a centralized currency.
Solana has recently jumped into the top 10 cryptocurrency. There is a lot of potentials for the Solana ecosystem to grow. Solana transactions are considered as the fastest ones with the lowest fee and this is a key highlight of this currency.
Polka Dot is a faster and scalable cryptocurrency. There are many updates planned in this Polkadot project like parachains etc. This is a very good investment as when parachains are deployed on this network, we will see a lot of interest in the community.
9-USD Coin (USDC)
USDC is another stable coin and it is gaining attention and people are shifting USDT into USDC because of some issues in the USDT stable coins. If you are holding stable coins, you should have some portion of UCDC also in your portfolio. It is more regulated than other stable coins.
DOGE Coin was developed as a MEME coin and no one took it seriously. But recently there is a lot of development in progress in this coin after Space X and Elon Musk actively supported this cryptocurrency.
Remember that the crypto market is highly volatile, so if you are planning to invest in any of this crypto, do it at your own risk.