If you really want to earn direct exposure to the popularity of digital currency, cryptocurrency is an excellent investment. Despite the last several weeks have not been kind to the cryptocurrency market, the slow but steady recovery of cryptocurrencies provides a glimpse of hope.
Here is a list of the top 6 Cryptocurrencies to invest in for everyone.
1. Ethereum (ETH)
Market cap: Over $361 billion
Ethereum, which is both a cryptocurrency and a blockchain platform, is a favorite among programmers because of the possible uses it offers, such as smart contracts that run automatically when certain conditions are satisfied and non-fungible tokens (NFTs).
Its system allows you to utilize ether (the money) to execute various operations, but Ethereum’s innovative contract feature contributes to its popularity.
Ethereum has also seen explosive development. From April 2016 to the beginning of March 2022, its price increased by more than 27,000 percent, rising from around $11 to over $3,000.
Also Read: 7 Best Crypto Loan Sites
2. Cardano (ADA)
Market cap: $19.14 billion
Cardano is another decentralized blockchain platform that employs its own coin. It is remarkable for being one of the first to utilize proof-of-stake validation. Cardano (ADA) allows for safe peer-to-peer transactions. Cardano, like Ethereum, uses ADA, its native token, to allow smart contracts and decentralized apps. Cardano’s ADA currency has grown slowly in comparison to other major cryptocurrencies.
Cardano is seeing larger impacts, which may raise the value of its currency.
3. Stellar (XLM)
Market cap: $3.6 billion
The Lumen is Stellar’s native cryptocurrency (XLM). Stellar is intended to be an “open network for holding and moving money,” allowing users to create, send, and exchange digital currency. It is intended to sell and exchange any digital currencies, not only Stellar’s associated cryptocurrency, the Lumen – albeit you will need some Lumen to execute transactions.
4. Ethereum Classic (ETC)
Market cap: $3.03 billion
The Ethereum Classic blockchain is a variant of the Ethereum blockchain. It uses a similar decentralized infrastructure to handle smart contracts. Smart contracts are apps that execute precisely as they are planned, with no downtime, censorship, fraud, or third-party interface. It, like Ethereum, offers a value token called “traditional ether,” which can be used to pay consumers for goods or services.
Also Read: 12 best Cyrpto Forums to join
5. Binance Coin (BNB)
Market cap: $50.047 billion
Following years of relatively stable pricing, especially by cryptocurrency standards, the Binance coin took off in early 2021, jumping from around $38 on January 1 to an all-time high of $683 in May.
Binance coin has shown to be one of the most solid investment alternatives generally speaking due to its success over time. It’s the native token on Binance, the world’s largest cryptocurrency exchange, according to CoinMarketCap, as well as on Binance.US, the version required for US citizens. Despite its wide functionality and success in Binance sub-projects, the Binance coin remains a very volatile investment.
6. Polygon (MATIC)
Market cap: $4.950 billion
Polygon was designed by a development team that contributed significantly to the Ethereum blockchain technology. According to CoinMarketCap, Polygon is intended for Ethereum scaling and infrastructure development. It expands Ethereum into a multi-chain system as a “layer two” solution, increasing transaction and verification speed.
Polygon has received funding from the cryptocurrency exchanges Binance and Coinbase. MATIC, its token, is utilized for payment services, transaction fees, and settlement currency.
AMB Crypto announced on April 9 that Zo World, a decentralized travel startup, had launched its non-fungible token and other digital assets on Polygon, which might improve MATIC values.
According to a blog post on Polygon, the company now runs 19,000 decentralized applications, a 500% growth from last October. Polygon completely supports the tether stable coin as of last week, which might contribute to the network’s growth prospects.