There are over a thousand different cryptocurrencies in the world, and here are the top 10 that stand out this year
The rise in cryptocurrencies is inevitable as people witness massive changes in the cryptocurrency market over the past decade. Cryptocurrency investors have started reaping high profits from investing in the cryptocurrency market in these recent years. Upon reaching the state of the cryptocurrency market in 2021, both BTC and Ether rose, followed by thousands of digital currencies that got their first taste of mainstream success. Cryptocurrencies this year have a huge potential to thrive even beyond 2021. Thousands of cryptocurrencies are entering the cryptocurrency market to attract the eyes of cryptocurrency investors. This article lists the top 10 crypto tokens that are expected to stand out this year.
Bitcoin is a decentralized cryptocurrency created in 2009 by Satoshi Nakamoto, BTC is the first and original cryptocurrency. As with the best cryptocurrencies, BTC runs on a blockchain, or ledger recording transaction distributed across a network of thousands of computers. The price of Bitcoin was over $57,000 last November, which is a growth of around 11,400%.
Ethereum is an open source decentralized blockchain system featuring its cryptocurrency, Ether. ETH serves as a platform for many other cryptocurrencies, as well as for implementing decentralized smart contracts. ETH has been at the forefront of the blockchain smart contract platform. The price of ETH has seen a massive growth from around $411 to over $4,700 or around 42,000%. It is one of the top 10 cryptocurrencies that are expected to emerge this year.
The best cryptocurrencies may use any number of block chains, and Polkadot aims to integrate them by creating a cryptocurrency network that connects different block chains so that they can work together. Between September 2020 and November 2021, it grew by about 1,300% from $2.93 to $38.61.
Uniswap is a crypto exchange protocol that operates on a decentralized basis. Using smart contracts, the protocol allows automated transactions between crypto tokens on the ETH blockchain.
Binance Coin (BNB)
Binance coin is a form of cryptocurrency that can be used for trading as well as paying fees on Binance, one of the largest cryptocurrency exchanges in the world. The coin was launched in 2017 and can be used for trading, payment processing or even booking travel arrangements. Binance coins can be traded and exchanged for other top cryptocurrencies even like ETH and BTC.
XRP was created by the same founders of Ripple, a digital technology and payment processing company. XRP is used to facilitate the exchange of different types of currencies even including cryptocurrencies and fiat currencies. Since 2017, it has grown to 16,666% as of last November.
Litecoin was launched in 2011 and was one of the first cryptocurrencies to follow in the footsteps of Bitcoin. Also referred to as “silver` for bitcoin gold. This is the best cryptocurrency based on an open source global payment network that is not under the control of any central authority and uses Scrypt as a proof of work tool. Although Litecoin is similar to Bitcoin in many ways, it has a faster rate of block generation that can confirm transactions faster.
Tether is not like a cryptocurrency, USDT is a stablecoin backed by fiat currencies such as the US dollar and the euro. Tether is supposed to have a fixed value with other cryptocurrencies and is preferred by investors worried about the extreme volatility of other currencies.
Solana is one of the best cryptocurrencies that could reach new heights in 2022 in the digital wallets of cryptocurrency investors. This cryptocurrency is known for being an efficient, fast, and censorship-resistant blockchain for its global adoption. Cryptocurrency prices are expected to witness a long-term increase this year with a promising future. Solana was the best performer in 2021, rising through the ranks of altcoins to become the fifth most valuable cryptocurrency in the world.
Chainlink’s decentralized oracle network provides tamper-proof inputs and outputs to complex smart contracts on any blockchain. Cryptography integrates third-party data into smart contracts. While ether smart contracts respond to other asset rates, global events, and API calls, LINK smart contracts are getting smarter because they only respond to activities on their network. It is one of the primary data sources used to feed information to Defi applications.
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