Many cryptocurrencies have been introduced since the invention and development of Bitcoin. The mighty currency has become synonymous with the word Cryptocurrency. After getting permission to legally trade in Cryptocurrencies, many cryptocurrencies have been introduced to fill in the flaws of Bitcoin or on a completely different level.
In this article, we will talk about the top cryptocurrencies to invest in other than bitcoin. You will learn about these digital currencies in Brief.
We all have heard the name Ethereum after Bitcoin. It is also a Cryptocurrency that offers developers to create different cryptocurrencies and apps. It is an open-source Blockchain-based currency. It is also considered the second-largest digital currency or digital currency due to its market cap. Ether was founded in 2013 and has seen a significant rise in its value.Its token value is around $3000. However, it still has a long way to go before it beats Bitcoin that has a coin value of $40,000.
XRP is a crypto currency that belongs to Ripple Digital Network. The main purpose for XRP to exist is to make digital payments easy. XRP claims to be the fastest way to become a part of digital payments globally. This platform alongside Ripple also provides the development of third parties on the different uses of XRP.
Tether (USDT) is among the first cryptocurrencies that have made its value connected to a Fiat Currency. The currency that Tether has ties with is American Dollar. It is also a Stablecoin that has the largest market capitalization.
Cardano functions on a technology named Ouroboros. It is a blockchain protocol that is peer-reviewed. It helps to make the decentralized process more secure and scalable.
Polkadot(DOT) is a platform that allows diverse blockchains to transfer information and make the transaction easy. Its websites focus on the security of the identity and data of the users.
The Native cryptocurrency of Stellar is called Lumen (XLM). This platformed is an open network where one can save and move money. One can send, create, and trade in digital currency through this platform. Steller is a platform where cryptocurrency enthusiasts can trade in digital currencies.
USD Coin is also branded as the firstdigital dollar in the world. It is developed by a financial firm named Circle. It is the product of the work and investment of Baidu, Goldman Sachs, and IDG Capital, and others. This digital currency is also tied with the American dollar. This feature makes the USD coin one of the most stable cryptocurrencies. It also helps in making digital payments easy. Other cryptocurrencies offer higher profit and loss comparatively.
Dogecoin was developed as a parody or meme. However, the gradual rise has surprised people. This currency was also endorsed by Elon Musk, CEO of Tesla that helped it in its surge. But the second half of the year was not so in favor of Dogecoin as it witnessed a fall in value.
Chainlink (LINK) provides reliability and security to its users. It functions on off-chain computation and real-world data.
If you want to invest in Cryptocurrencies, you can check the mentioned cryptocurrency that may profit you. Cryptocurrencies are highly volatile when it comes to their price value. However, one also has the chance to earn more profit than any conventional investment.
But it is advisable to take the help of a Cryptocurrency advisor before making any investment decision. You can also start by reading and searching about these digital currencies to know more about how they function.