With the world on a never-ending train of topics revolving around cryptocurrency, it might be a good idea for you to know the top cryptocurrencies trading at the moment. This will not only help you make sure you purchase the right cryptocurrency, but you will also sound smart at your next dinner party with your crypto-fanatic friends.
1. Bitcoin (BTC)
Bitcoin is one of the most well-known of all the cryptocurrencies. You could call it the OG of all the different forms because it is the original one. Bitcoin functions via a blockchain and it keeps a record of all the transactions for all to see. There is a cryptographic that guards the programming of Bitcoin, which makes it hard for thieves to hack into your account. You can be even safer when trading Bitcoin by using an app like Official Web Site for trading.
2. Ethereum (ETH)
The runner-up is called Ethereum, and it has had a stronghold in second place since its development in 2015. If you are a program developer, this one is for you! Ethereum allows you to build onto it by using the smart chains that are coded into the cryptocurrency’s blockchain.
The one thing you should keep in mind is that Ethereum is quite popular, being the next in line to Bitcoin, and slightly more affordable. There are a lot of transactions happening all the time, which means the fees will also be a little higher.
3. Tether (USDT)
The cryptocurrency, Tether, is known as a stablecoin, which makes it different from the rest. A stablecoin is a cryptocurrency that does not stand alone. It is backed up by the US dollar or the Euro in an attempt to balance its value. This keeps the cryptocurrency steady, and those investors who are wary of some other cryptocurrencies being so up and down might prefer this option.
4. Binance Coin (BNB)
Binance is known as a platform where investors can exchange their cryptocurrencies. Any fees that they receive in the process can be paid with their Binance coins. Not only that, but you can even book your next vacation with these coins!
5. USD Coin (USDC)
You might have guessed it, but this is another stablecoin that is backed up by the fiat currency native to America, the US dollar. One USD coin equates to $1,00, and it is mostly used to facilitate the international transactions that investors make. Ethereum is the cryptocurrency that fuels the USD coin.
6. Cardano (ADA)
Have you heard of Proof-of-stake? This is the way it ensures that all cryptocurrency transactions are legit. This requires highly intricate cryptographies, and Cardano was one of the first to adopt this concept so adamantly
7. Solana (SOL)
Solana has been known for fast transactions. Investors can make more investments at a much lower price than with other cryptocurrencies. This is thanks to the intense record of all transactions made with the proof-of-stake.
8. XRP (XRP)
XRP tokens are created to be used on a cryptocurrency trading platform called Ripple. It acts as a bridge from one cryptocurrency to another, and it ensures the transaction goes fast and costs less.
9. Terra (LUNA)
Terra is another stablecoin that offers more of a predictable price in the transaction. For this reason, many people are choosing this cryptocurrency over Dogecoins or Bitcoin. It works in conjunction with Luna stable coins. If one or the other’s price hikes are too high, investors are obligated to “burn” the other to be able to mint the one that increased.
10. Polkadot (DOT)
Polkadot is not just a cryptocurrency token, but also a protocol of a decentralized blockchain. This enables an intersection of blockchains so that investors can exchange with one another across platforms.
These are only 10 of the huge number of cryptocurrencies out there. New ones are coming out all of the time!