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Top 9 Cryptocurrencies That Are Worth the Investment

Over the past decade, cryptocurrencies have become the most popular form of alternative investment. With thousands of coins to choose from, one might get confused about which cryptocurrencies to invest in. Choosing such an investment requires an understanding of the field of cryptocurrency, digital money, and altcoins. In this article, we highlight the paramount aspect of ranking top coins on the basis of market capitalization. Here are the most significant market cap cryptocurrencies to invest in:

Bitcoin (BTC)
Bitcoin is the name that always comes first as far as cryptocurrencies to invest in are concerned. Even though this cryptocurrency was the first investment to be marketed, its popularity is its biggest strength. Many people, despite not having a clear understanding of cryptocurrency investments, know and understand what Bitcoin is. At the moment though, Bitcoin is witnessing high volatility, experts think that by the end of 2022, the cryptocurrency will reach a valuation of $100,000 per coin.

Ethereum (ETH)
Another excellent cryptocurrency worth the investment is Ethereum. Cryptocurrencies function through complicated cryptography that creates and supports transactions of digital currencies across decentralized systems. Because of Ethereum’s smart contract feature, most of the tokens today are run on its ERC- 20 standard. ERC stands for “Ethereum request for comment,” which is standardized scripting. Ethereum is also known for its effective price correction, which makes it a lucrative cryptocurrency to invest in.

XRP
XRP is believed to have the potential for high returns if its owning platform Ripple wins its court case against the SEC. The anticipated victor of this case might be Ripple, which would trigger a significant increase in XRP’s value. Also, despite an active case with the SEC, Ripple and its crypto XRP are highly popular in the Asian markets for cross-border payments. Moreover, the currently low value of this coin makes XRp one of the best cryptocurrencies to invest in right now.

Tether (USDT)
Tether is the most popular stable coin on this list. In this form of investment, the value of the cryptocurrency is derived from a particular asset to peg the price, which reduces value volatility. The underlying asset of Tether is the dollar, because of which traders quite often deal in cryptos to cryptos through Tether. A unique feature of Tether is that its price is fixed at $1 per coin.

USD Coin (USDC)
USD Coin is another example of a stable coin whose pegged value is associated with the dollar. This cryptocurrency enjoys an extra edge because unlike Tether, it is backed by fully reserved assets of regulated organizations, thus offering higher stability in terms of valuation. Thanks to the stability USD Coin offers, it is a great option for digital payments, which is an integral aspect of undertaking cryptocurrency investment.

Cardano (ADA)
Cardano is the biggest competitor of Ethereum because its Ouroboros Proof of Stake algorithm is safer and more scalable with high decentralization. The Ouroboros algorithm has been developed after vigorous research and is peer-reviewed. Cardano stands out not only as a cryptocurrency investment but also for the Point of Sale function. This coin also allows smart contracts to enable identity management in the blockchain space. Cardano is traded at a nominal value of around $0.80 which makes it an easy investment option.

Solana (SOL)
AS far as scalability is concerned, Solana is the best cryptocurrency to invest in as it can support 50,000 transactions per second. Although Solana was launched in 2020, it has made a significant mark in Defi and NFTs. This cryptocurrency took the blockchain space by storm as it started at a valuation of $1. 50, which rose to around $170 by the end of 2021. The volatility has mellowed down since and currently it is traded at around $45.

Dogecoin (DOGE)
This meme coin was created as a speculating joke on the cryptocurrency market with the image surrounding a meme of a Shiba Inu. While Dogecoin started as a joke, its value shot up by 12000% between 2020 and 2021. But this number has significantly reduced now, thus making it a feasible cryptocurrency to invest in. Also, Dogecoin allows unlimited issuance and is accepted as digital payments by some big companies like the Dallas Maverick, Kronos, and SpaceX.

Polkadot (DOT)
Polkadot is unique in the blockchain space as it aims to allow connectivity between different cryptocurrencies. This coin serves as an umbrella space for the interaction of permitted blockchains, permissionless blockchains, and oracles. Polkadot’s relay chain allows different networks to function and interact under one roof, giving it an extra edge. Using Polkadot’s security, developers can create not only dApps but also create their own blockchains. The shared security that Polkadot offers make it one of its kind.

Cryptocurrencies function through blockchain technology using which people can make financial transactions and enter into contracts without any third party or intermediaries. The need for banks, money managing authorities, and legal bodies cease to exist in the blockchain universe, which spurs and explains the need and significance of cryptocurrencies. Cryptocurrency investments are opening the path of democratizing finance. Although cryptocurrencies are currently highly volatile thanks to growing expansion, these coins become the perfect substitute for traditional investments in the years to come.

Disclaimer:

The information available on this website is a compilation of research, available data, expert advice, and statistics. However, the information in the articles may vary depending on what specific individuals or financial institutions will have to offer. The information on the website may not remain relevant due to changing financial scenarios; and so, we would like to inform readers that we are not accountable for varying opinions or inaccuracies. The ideas and suggestions covered on the website are solely those of the website teams, and it is recommended that advice from a financial professional be considered before making any decisions.

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