In today's world, there is hardly any person who is unaware of cryptocurrencies. For those who are still new to the term cryptocurrency, it is a form of payment that can be exchanged online for goods and services and these currencies work using a technology called a blockchain. Blockchain is a decentralized technology spread across many computers that manage and records transactions. Part of the appeal of this technology is its security.
Many cryptocurrencies are making headlines these days like Bitcoin, Ethereum, Cardano, and more as they are becoming investor favorites. So obviously, Bitcoin is not the only crypto option to invest in. So if you are planning on buying cryptocurrencies in September, to start your crypto journey, here are the 10 promising cryptocurrencies you should consider.
Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain. Wrapped Bitcoin was first announced on October 26, 2018, and officially launched on January 31, 2019. WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.
Current Price – USD$45,703.16
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Avalanche is blazingly fast, low cost, and green. Any smart contract-enabled application can outperform its competition on Avalanche.
Current Price – USD$65.22
XRP, made by Ripple Labs, aims to create a fast and secure payment system that works globally. One of the most reliable cryptocurrencies, it has a huge loyal investor base. Currently, XRP is valued at $46,137,358,810 in the market and the researchers predict that the price will drop to open an investment window.
Current Price – USD$0.9874
Uniswap is a platform that has its own award token considered the UNI that deals with the Ethereum network. The USP of these tokens is the way that they can be traded among crypto clients without exchanging them on unified crypto trades like Binance.
Current Price – USD$22.71
Chainlink has a space aspiration for itself in the cryptocurrency market. Its motivation is to create a decentralized oracle network that can fill in as a middleman between smart contracts and data sources. Essentially, it makes smart contracts dependable by giving a safe, solid connection. It's additionally a centerpiece of the DeFi framework. In today's world, Chainlink is considered one of the most promising cryptocurrencies.
Current Price – USD$26.10
To simplify cross-currency transfers, Stellar has partnered with International Business Machine Inc. to create IBM World Wire. This collaborative effort empowers quick money transfer administrations to financial institutions across the world. Presently, Stellar is valued at $7,063,865,288 in the crypto market and it is among the most promising cryptocurrencies.
Current Price – USD$0.2972
Dogecoin is the most favorite cryptocurrency of the famous entrepreneur and an all-rounder, Elon Musk. Dogecoin was made to the list of the best cryptocurrencies when billionaire Mark Cuban, owner of Dallas Mavericks, decided that the NBA team would accept Dogecoin as payment.
Current Price – USD$0.2238
Aave is a decentralized finance protocol that allows people to lend and borrow crypto. Lenders earn interest by depositing digital assets into specially created liquidity pools. Borrowers can then use their crypto as collateral to take out a flash loan using this liquidity. The current market cap of Aave is $4,278,690,547.
Current Price – USD$324.56
Launched in July 2017, Binance is the fifth-largest cryptocurrency globally. By aiming to bring cryptocurrency exchanges to the forefront of financial activity globally. The idea behind Binance's name is to show this new paradigm in global finance — Binary Finance, or Binance. It has a circulating supply of 168,137,036 BNB coins and a max.
Current Price – USD$393.22
Solana is a highly functional open source project that banks on blockchain technology's permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
Current Price – USD$145.15
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.