If you are looking for cryptocurrencies that are worth investing in without spending too much money, then you came to the right page.
With thousands of cryptocurrencies that exist in the market, getting started with crypto trading and investment can be quite overwhelming.
This article aims to provide information about the top, the latest as well as the best cryptocurrencies to mine as of February 2022.
Before you begin your journey with crypto investment and trading, make sure that you are well equipped and you are fully aware of how cryptocurrency works. Also, it is essential to find a reliable trading and investment platform such as https://bitcoin-up.io/ that will guide and assist you in creating a future of wealth through digital currency.
As stated, here are the top 10 cryptocurrencies based on their value and market capitalisation.
- Bitcoin. With a market capitalisation of over $730 billion, Bitcoin is still considered the longest-running cryptocurrency which exists for more than a decade. It was invented by an anonymous person for a group of individuals under the pseudonym Satoshi Nakamoto. It was written in a white paper in 2008 and was launched in January 2009. Until this day, the identity of the creator is still unknown with his billion-dollar worth of digital assets still untouched.
Bitcoin is considered the proponent of blockchain technology – a public ledger that records all transactions. Every data is distributed across a network that comprises thousands of computers around the globe.
Over the years, Bitcoin has become a household name and is considered to be the most popular digital currency in the crypto space.
- Ethereum. Considered as the second-best cryptocurrency to Bitcoin, Ethereum is one of the preferred cryptocurrencies of most traders and investors. It has a market capitalisation of 327 billion dollars. Most program developers prefer Ethereum for its promising features including smart contracts. The program allows fast execution of financial transactions as long as these conditions are met. It is also popular for the so-called NFT or non-fungible tokens.
Over the years, Ethereum has experienced remarkable growth in price from $11 to $2,700 from April 2016 to February 2022.
- Tether. This cryptocurrency is popular as a stable coin. A stable coin is an alternative coin that is backed by fiat currency. Its native coin is known as USDT. It has a ratio of 1 is to 1, meaning 1 USDT is equivalent to 1 US dollar.
Stable coins like Tether can be a great option for those who dislike volatility. Compared to other cryptocurrencies, Tether is considered more consistent and stable.
- Avalanche. This alternative coin with a market capitalisation of $21.721 billion has just recently become popular despite being new in the crypto market. It claims to have super-fast blockchain technology than that of Bitcoin and Ethereum. Rather than the traditional one chain which most cryptocurrencies use, Avalanche utilises three chains that contribute to the increase of transaction speed.
Its native coin is called AVAX.
- Binance Coin. If you are not new to cryptocurrency, you might be familiar with Binance. It is considered one of the most popular exchanges in the world that caters to Binance coins and other cryptocurrencies. Binance Coin was launched in 2017 and expanded in a short span of time. Just like Bitcoin Up, BNB is also popular among traders to facilitate trades.
- U.S. Dollar Coin. Usd coin is another type of stablecoin that can be comparable to tether that is backed by fiat currency, particularly US dollars. One USD is equivalent to 1 USDC. This newly emerged cryptocurrency is powered by Ethereum.
- Cardano. Although it has only been in existence for a short period of time, Cardano became one of the notable cryptocurrencies in the market. One of its best features is the proof of stake validation which works to expedite transactions without causing too much damage to the environment, meaning it is more energy efficient compared to other cryptocurrencies which require rigorous energy. Its software works like Ethereum which includes decentralised applications as well as smart contracts features.
Cardano’s native coin is known as ADA. Its recent market capitalisation reached over $35 billion.
With over a thousand cryptocurrencies that emerged in the market today, it can be quite complicated to choose which ones are the best.
As a new trader or investor, your instinct might tell you to settle in cryptocurrencies that have been in existence in the long run. However, major cryptocurrencies like Bitcoin may require a huge amount of investment and may not be suitable for beginners.
Recently, there have been numerous cryptocurrencies that have been listed and included in the top spot. Some of them have promising features that may be suitable for people who want to play around with crypto. Since digital currencies are labelled as speculative investments, it is necessary to check the background and do research on the ones that you might find interesting.
