Usually, whenever people talk about cryptocurrency, Bitcoin is one of the most highlighted options because it was the first one to hit the cryptocurrency market. As the nature of the cryptocurrency market is highly volatile, crypto investors are interested and own many other cryptocurrencies as it provides seamless transactions of payments in a shorter time period.
Furthermore, the market size of global cryptocurrency is expected to hit 2.3US billion dollars in 2027. With smaller market capitalization, these cryptocurrencies are larger and more developed digital tokens like Ethereum or Bitcoin. For further information, the top cryptocurrencies are listed below. Stick to this article till the end. We have also made a separate list for Metaverse Crypto Coins.
Best Crypto Coins List
1. Bitcoin
Bitcoin is one of the oldest and most popular digital currencies. It is one of the most successful block-chain currencies hitting the market in the year 2009. This original cryptocurrency runs on ledger logging transactions or blockchain that are distributed across millions of computers worldwide. The current price of Bitcoin is $44,000 while the market cap is about $846 billion dollars. For the majority of investors, bitcoin is a de-facto digital currency as it is considered to be the number one coin all around the world by market cap.
2. Ethereum
It is the second most popular cryptocurrency and was introduced as a smart contract and was launched in July 2015. The benefit of these smart contracts is that it helps the developers to launch desktop and mobile decentralized applications that are also known as dAPPs on the top of the blockchain. Millions of digital tokens run on the network of Ethereum. These tokens created the initial coin offering movement. The price of this promising cryptocurrency is $2731.38 whereas the market cap of this cryptocurrency is over $361 billion dollars.
3. XRP
This is another most popular cryptocurrency and a digital asset that is built for payments. The best part is that XRP helps the investors to gain profits other than Bitcoin. It can also be used on various networks to facilitate the exchanges of other currency types including fiat and other major types of cryptocurrencies. XRP is also known as Ripple which was created in 2012. It also uses trust-less methods in order to facilitate payments. Moreover, being highly reliable, the current price of XRP is $0.08 and the market cap is over $37 billion dollars.
4. XLM
XLM is also known as Stellar is one of the top cryptocurrencies that offers investors low cost or free of cost cross-border transactions. Moreover, this makes it possible to send, create and trade digitally in all forms of money including bitcoin, dollars, pesos, and many other money forms. XLM is designed in a way to incorporate the world’s financial systems in order to make them work on a single network. It is an open network for moving and storing money. The current price of XLM is $ 0.1764 dollars whereas the market cap is 28.25 billion dollars.
5. Dogecoin
This is another most popular cryptocurrency that was created by Jackson Palmer and Billy Markus in 2013. They created this cryptocurrency as a joke or meme making fun of irregular speculation in the market of cryptocurrency. Furthermore, it became popular when Elon Musk, the CEO of Tesla, invested in Dogecoin creating value before a dramatic decrease in seconds. Now many investors start betting on Dogecoin after gaining value. The current price of this cryptocurrency is $ 0.6848 whereas the market cap is over $22 billion dollars.
6. Binance Coin
Binance coin is the second-largest cryptocurrency exchange that was created as a discount token for reducing the trading fees in 2017. The use of this cryptocurrency is now expanded to various other applications including travel booking, online service, entertainment, payments for transaction fees, and financial services. Moreover, the benefit of this cryptocurrency is that it boots up the operations of the Binance exchange. The current price is $394.76 dollars whereas the market cap is over $65,05 billion dollars.
7. Cardano
Cardano is another best cryptocurrency that is suitable for investment as it is considered to be the third generation digital currency. Cardano uses the Ouroboros technology which is a peer-reviewed blockchain protocol. Cardano is more secure, stable, and maintains decentralization. Furthermore, it is the top competitor of Bitcoin and Ethereum. It combines cutting-edge technology that offers unparalleled sustainability and security to the dAPPS. The current price is $0.87 dollars whereas the market cap is over $ 29.20 billion dollars.
8. Tether
Tether is another top cryptocurrency that is also known as a ticker. Being a stable coin, the value of Tether is pegged to the value of US dollars for maintaining stability and reputation, facilitating the investors to gain profits in investing in this cryptocurrency. As it is a highly potential option, it is much better than Bitcoin and can be used as digital dollars. Moreover, it works on EOS, Algorand, Ethereum, and blockchain. The current price of Tether is $1.00 dollars whereas the market cap is over $79.53 billion dollars.
9. Solana
It is considered to be one of the most promising cryptocurrencies that ensure composability between the projects of an ecosystem for maintaining single global statistics. Furthermore, Solana is developed to help and maintain decentralized apps, power decentralized Finance, and smart contracts. It runs on a unique proof-of-history and hybrid proof-of-stake mechanism that helps in faster and quicker transactions. The current price of Solana is $0.77 whereas the market cap is over $33 billion.
10. Avalanche
Similar to Cardano and Ethereum, this cryptocurrency provides blockchain software that helps in the creation and execution of smart contracts that are powered by native tokens. The best part is that Avalanche is growing rapidly and is known for a proof-of-stake consensus algorithm for dAPPs developments to enhance the platforms. The current price of avalanche is $77.33 dollars whereas the market cap is over $20.50 billion dollars.
FAQs
Is crypto different from bitcoin?
Bitcoin is one of the famous digital currencies that use cryptocurrency and is further controlled by a decentralized authority. Whereas cryptocurrency is basically a technology that serves as a medium for conducting faster financial transactions.
Is cryptocurrency a legit investment?
Investment in cryptocurrency is risky but is also highly profitable. If someone wants to gain direct exposure to digital currency then cryptocurrency is the best option for investment.
How do I invest in Cryptocurrency?
You can easily invest in cryptocurrency through an app called Cash App. Through this application or using PayPal, the user can buy and invest in four different cryptocurrencies like bitcoin, bitcoin cash, Litecoin, Ethereum.
Can cryptocurrency be converted into cash?
Cryptocurrency can be converted into cash through an exchange or a broker. The user can make use of various mediums like peer-to-peer platforms for converting cryptocurrency or digital coins into cash by selling them. Furthermore, these mediums require less cost and also ensure better exchange.
What is the next crypto to explode?
The next crypto to explode is named Yoshii. One of the most important projects of cryptocurrency in the gaming industry is the metaverse gaming platform. Due to this, there are chances of the fast growth of cryptocurrency.
How can I buy Bitcoins with cash?
The only way to buy bitcoin with cash is peer-to-peer in which the user has to find a local person in order to buy from an in-person. This is more time-consuming and also requires more effort. The other more convenient way to buy bitcoin with cash is through an ATM.
Why is bitcoin so popular?
One of the biggest reasons that made bitcoin so popular is the blockchain technology, first-mover advantage, and unique demand and supply economics. The success of bitcoin has created many new products and cryptocurrencies that make it even more popular.
Conclusion
Nowadays digital currencies have become so famous and the best choice for investors all around the world for earning high profits and good returns. Cryptocurrency is one of the riskiest yet most beneficial ways to earn huge profits in a shorter time period. The above-listed top 10 cryptocurrencies are the best options for investors to invest in the current crypto market. Furthermore, the market of cryptocurrency is highly volatile and irregular where the value of these currencies is changed every second. Hence it is the best investment option but also very risky.