Bitcoin is by far the most popular cryptocurrency in the world. However, did you know that there are thousands of other virtual currencies? In fact, some of them can be interesting investment options, if you are interested in acquiring this type of asset.
For any reason? Because many of them have great growth potential and their values are much lower than Bitcoin (at the moment), which currently costs around $42,875. In addition, Bitcoin has a kind of “going forward” in this market and can (and should) also benefit from this general appreciation of the cryptocurrency.
Therefore, we have decided to make a shortlist of 10 other major cryptocurrencies, in addition to Bitcoin, which appear to be growing and may appear even more aggressively in the coming months. Come here?
Top Cryptocurrencies 2022
It is difficult to predict exactly which of the cryptocurrencies will rise further over the next few months, but the trend is for investors to trust more in those who are already the main components of the market capitalization, those who already have some kind of appreciation, those that are recognized and published in the markets Globalism.
According to getindianews, here is a list of the top 9 most popular cryptocurrencies:
- Binance coin
It is currently listed, after Bitcoin, as being among the largest by market capitalization and those that stood out during the first five months of the year. Will we know more about all of them?
1. Ethereum (ETH):
Known as “digital silver” (Bitcoin is “gold”), this cryptocurrency is currently worth about $3,343.69, but only in 2021, its value increased by more than 300%, where in the early days of the year it was worth about $3,000. There are a large number of experts who believe that Ethereum could soon overtake Bitcoin.
2. Binance Coin (BNB):
Binance is another cryptocurrency that has already seen an extraordinary rise of 1,430% in 2021 (in the last week alone it doubled in value). Like Ethereum, Binance works with a decentralized financial system, that is, it does not need an intermediary (an intermediary, for example). Instead, it uses smart contracts on blockchains.
3. Ripple (XRP):
Created in 2011, Ripple is a distributed payment protocol, and also has the native currency of its system, XRP. Unlike other cryptocurrencies, it supports other tokens on its network that can represent traditional currencies or other commodities. In this way, the system allows for secure and instant payments in a very easy way and comes close to other banks, moving away from the standards of other digital currencies that seek to eliminate the need for them. Nor does it go through the mining process. 100 billion XRP has already been created, much of it in Ripple’s vault itself. There are currently just over 43 billion XRP in circulation.
4. Cord (USDT):
Tether is a completely different asset than traditional cryptocurrency. This is because it is a file stablecoin (Cryptocurrency backed by physical currency). It was launched in 2014 with the proposal of parity with the US dollar, i.e. there will be a dollar equivalent in cash for each currency issued. There are currently over 4 billion tethers in circulation.
5. Cardano (ADA):
The value of this cryptocurrency is also around $1.65. It was created in 2015 by Charles Hoskinson, co-founder of Ethereum, with a very daring project: unite the best 2,000+ cryptocurrencies in the world, solve problems in them, and provide cryptocurrency solutions. In 2021, it has already increased by about 700%.
6. Polkadot (DOT):
Created by another Ethereum founder – Gavin Wood – Polkadot is defined as a heterogeneous multi-chain exchange and translation architecture that allows custom side chains to connect to the public block chain. Its average price is currently $26.72, which is an increase of nearly 300% in the last quarter alone.
7. Litecoin (LTC):
It was created in 2011 by former Google employee Charlie Lee and is very similar to Bitcoin, but with reduced transaction time and a more accurate mining process. Some analysts have already advocated Litecoin as a better alternative to Bitcoin, however, Lee himself says that Bitcoin works well as a store of value, while Litecoin is better for everyday transactions. It currently costs about $171.96.
8. Dogecoin (DOGE):
It is open source Peer-to-peer cryptocurrency initially created as a file “Prank coin” in December 2013 by Billy Marcus of Portland, Oregon, and Jackson Palmer of Sydney, Australia, being a fork of Litecoin. The creators of Dogecoin envisioned it as a fun and relaxed cryptocurrency that would gain more traction, bypassing Bitcoin’s target audience because it was based on a dog meme. In fact, Crypto is rapidly developing its online community and gaining shining fans like Tesla CEO Elon Musk, nicknamed “Dogefather”. It currently costs about $0.42 USD.
9. Filecoin (FIL):
Filecoin was developed by Protocol Labs in 2014 and is a user-centric decentralized storage blockchain network looking to rent storage space. The project raised $205 million in an initial coin offering (ICO) in 2017. Currently, the cryptocurrency is worth about $70.00, but a few weeks ago, it reached an all-time high of $230.