Cryptocurrency investors are increasing with every passing day. People are keen on making huge returns and that is the reason why they are always in search of the right cryptocurrencies, especially the stablecoins to invest in. As a beginner investor, this becomes all the more important. In this article, we will talk about top 10 USD-pegged stablecoins for first-time crypto investors.
Bitcoin has become a household name in no time and one of the most widely traded cryptocurrencies as well. Considering how much returns this digital coin has promised for its investors, people are willing to make an investment in it. A beginner, too, can consider buying this cryptocurrency if the volatility of the market is not of much concern.
After bitcoin, undoubtedly, it has to be Ethereum on the list. This second-largest cryptocurrency by volume has all the good reasons that make it worth investing in. Well, thanks to its potential applications. Talking about potential applications, one area that just cannot go unnoticed is that of the smart contract. This is one of the strongest reasons why a beginner can invest in this cryptocurrency without much thought.
Polkadot was introduced in the year 2016 and its ability to seamlessly connect all heterogeneous blockchain networks is the prime reason why this stablecoin has grabbed eyeballs in no time. This altcoin is extremely popular, so much so that today, we get to see hundreds and thousands of projects being built on the Polkadot ecosystem. Additionally, Polkadot's blockchain doesn't compromise security in any manner. Well, what more can a beginner investor ask for?
All those keeping an eye on Cardano's track record are well aware of the fact that it is that one stablecoin that has witnessed a massive growth in its value over a period of time. The last year fetched good returns for the investors and industry experts believe that the trend is likely to continue for the years that lie ahead. Yet another area where this altcoin outshines the rest is a reduction in the transaction time and energy consumption. This has led to a rapid surge in its trading volume like never before.
Solana has gained wide recognition across the globe because it stands the ability to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts. One can definitely not deny how good of an investment this altcoin is. No wonder why Solana makes it to the list of top 10 USD-Pegged stablecoins for first-time crypto investors.
Well, who doesn't know about Tether? Evidently enough, this cryptocurrency needs no special mention. Tether is considered to be one of the most stable stablecoins pegged to USD. It is because of this very reason that Tether has made it a point to be a go-to cryptocurrency for all those investors who are risk-averse. In the volatile world of cryptocurrencies, Tether's value is believed to be way more consistent than other altcoins which is why it is highly favored by the investors.
The largest crypto exchange in the world – Binance launched the Binance coin. With the passage of time, it has expanded from merely facilitating trades to a platform where one can proceed with trading, payment processing, or even booking travel arrangements. The fact that the Binance coin is associated with high trading volume indicates how popular it is among investors. Well, the trend is likely to continue in the years ahead. So, why wait? Invest in this cryptocurrency before it's too late.
This altcoin's ability to facilitate exchanges of different currency types, including fiat currencies and other major cryptocurrencies is one of the biggest reasons why investors are keen on making an investment here. We'll, Isn't this good enough a validation to say that the Ripple's XRP is totally worth investing in?
Litecoin is an open-source blockchain project launched in 2011. A point worth a mention is that – this stablecoin was one of the initial cryptocurrencies whose code was imitated Bitcoin's. No wonder, Litecoin has quite a good number of similarities with Bitcoin, but it outshines Bitcoin in one aspect for sure: A faster transaction confirmation time. All in all, it is a very good investment to make.
Terra came into the limelight as a blockchain payment platform for stablecoins. Thus, it made its way to become yet another attractive altcoin to feature in the list of top 10 altcoins with the highest trading volume. Beginner investors can rely on this cryptocurrency investment without any major concern.
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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.