Cryptocurrencies are continuing to make headlines with their growing and sometimes tumbling prices. While the bullish crypto market is helping investors reap profits, market decline opens up several new avenues for investments.
If you are planning to invest in cryptocurrencies soon, keep a close watch on these top cryptocurrencies during the weekend. To help you get started with crypto investments, we have a guide created for you here.
Stellar has gained popularity within the crypto community for serving a niche need. It works like Paypal of cryptocurrency networks, bridging the gap between banks and blockchain networks. Stellar can convert any currency and allow trade across channels, at a cheaper and faster rate than traditional banks.
Chainlink is an affordable cryptocurrency that is attracting a lot of trading activity in the market. While it is steadily increasing in value, there is also room for potential growth. One of its USPs is the fact that Chainlink is a low-risk investment with a low value but its price is not low enough to make it a penny stock.
Litecoin entered the crypto market around the same time like Bitcoin, but it didn't hit its peak growth potential as fast as Bitcoin did. Although, there is one thing Litecoin does better than Bitcoin, which is completing transactions four times faster. So fast that in 2017, it became the first cryptocurrency to complete a Lightning Network transaction. If the company plans to use this speed for all its transactions in the future, its value will increase dramatically.
Bitcoin has been a part of the crypto market for so long that it is now synonymous with the word cryptocurrency. Bitcoin needs no introduction as everyone knows about its price, market cap, and volume, which are higher than any other crypto coin. With more than a thousand cryptocurrencies in the market, Bitcoin still holds 40% of the total crypto market cap. Many businesses are also accepting Bitcoin now which makes this an easy investment choice.
What many people don't know is that Ethereum is actually a crypto network and Ether is the token. Ethereum serves as a network for developers to create other cryptocurrencies. While Ethers value is not close to Bitcoin's, it is still the second-largest crypto in value. Its unique technology puts the spotlight on Ethereum whenever there is a conversation about Cryptocurrencies with a utility.
Binance coin was launched by one of the biggest crypto exchanges, Binance. So what investors need to understand is as long as there is activity on the Binance exchange, Binance Coin will hold stronger. In 2017, the Binance coin reached its peak and remained on its bullish streak despite market volatility.
Cardano's technology has always been its unique selling point. This network takes less energy to complete transactions along with being faster and cheaper. Cardano is also more adaptable to the dynamic market and more secure.
Tether is a stable coin. Its value is pegged to the US dollar. For each unit of Tether, there is one dollar in the Federal Reserve Bank. So if you are an investor who wants to use cryptocurrencies for transactions, Tether is the best option.
Polkadot's philosophy is to reward genuine investors who are not trading crypto to make fast money. Polkadot investors also partake in the company's decision-making process about network fees, network upgrades, and establishing and removing parachains. Interestingly, Tether was made by the same people that made Ethereum.
Ripple is the company and XRP is its token. There is a utility factor attached to XRP which makes this an investor favorite. It allows international transactions which can complete within seconds instead of the long hours a bank usually takes, Ripple's network holds contracts with big banks around the world which makes this crypto coin easy to adopt.
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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.