From Bitcoin to a host of other options, there are thousands of currencies to choose from. Whether making your first entry or looking to increase your portfolio, there is always time to get started on your preferred choice.
Thanks to their market capitalization, this article contains all the information you need about the most popular cryptocurrencies you can invest in. Also, the total value of all the coins in circulation informed the choices in this article.
Read on to make a worthwhile decision!
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Bitcoin (BTC)
Since it came into the limelight, the world hasn’t seen another cryptocurrency like Bitcoin. It has a market cap of around $1.4 trillion and a year-over-year return of 165%.
Its founder, Satoshi Nakamoto, created it in 2009, making it the pioneer cryptocurrency. BTC runs on a ledger or blockchain that logs transactions across a network of computers.
BTC is also one of the safest, thanks to a security network that protects your assets from fraudsters. In today’s market, a single Bitcoin is worth more than $65,000, and experts predict that it will hit the $100,000 mark soon.
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Ethereum (ETH)
With a market capitalization of over $450.5 billion and a year-over-year return of 106%, Ethereum naturally follows BTC. It has several advantages, such as apps, such as smart contracts and non-fungible tokens (NFTs).
Additionally, ETH is growing tremendously and may not lag too far behind Bitcoin. When BTC grew over $70,000, it pulled ETH along with it, which increased from $11 to around $3,833, an increase of over 34%.
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Tether (USDT)
Tether is unlike some cryptocurrencies on this list. It is a stablecoin with fiat currencies like the dollar and the Euro behind it. As such, its value is directly equal to one of those denominations.
Thanks to its stable nature, it has no year-over-year return and a market cap of just over $110 billion. That makes it a favorite for investors who want to avoid the volatility of other crypto.
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Binance Coin (BNB)
BNB is just behind USDT in valuation, thanks to its 104.5 billion market cap and 162% year-over-year return. It’s native to the Binance platform, one of the biggest crypto exchanges in the world.
BNB facilitates trades on Binance, which can be swapped for other currencies, such as Bitcoin and Ethereum. Its value continues to rise every year, and its popularity is growing.
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Solana (SOL)
SOL is currently under the $100 billion mark. However, its $79.5 billion market cap means it’s in good company. SOL was created to help power decentralized finance uses, decentralized apps (DApps), and smart contracts.
Further, Solana operates via a unique hybrid proof-of-stake and proof-of-history mechanisms for quicker and secure transactions. SOL is Solana’s native token, which powers its platform.
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S. Dollar Coin (USDC)
The sixth cryptocurrency to invest in is USDC, which has a market cap of $32.6 billion and no year-over-year return. It’s very similar to Tether (USDT) because it’s also a stablecoin backed by U.S. dollars.
One of USDC’s significant aims is to have a value of 1 USD to 1 USDC ratio. It is powered by Ethereum, giving you more leverage to use USD Coin to complete global transactions.
Conclusion
There you go! Are you thinking of going into the world of crypto with your investments? These are the top six cryptocurrencies you can trust.
Their rising value and stability suggest that it’s not too late to invest in them. Recent developments also point to a rising trend for all the currencies on this list, especially Bitcoin, USDT, and Ethereum.
However, it is best to listen to experts and do research before investing your money in cryptocurrency. Be wary of individuals who orchestrate fraudulent deals to rip you off.
