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The global cryptocurrency market has always enjoyed a lot of attention ever since it came into existence. Gone are the days when only a select range of investors were keen on investing in cryptocurrencies. Today, the manner in which retail investors are diversifying their investment portfolio and shifting their gear towards cryptocurrency investment is definitely worth a mention. Investing in cryptocurrencies is definitely worth it for you the returns you'd make in the long run would be on the higher side. On that note, we have come up with a list of the top 10 cryptocurrencies to buy this weekend. Have a look!
How can the list of top cryptocurrencies to invest in not start with Bitcoin? No matter what is the situation of the cryptocurrency market, Bitcoin has always managed to gain the trust of investors. Despite the downfall of the cryptocurrency market in April 2021, Bitcoin bouncing back to normal talks volumes about how good of an investment it is.
This cryptocurrency being one of the top investments doesn't seem to surprise anyone. In addition to being the second-largest cryptocurrency in terms of market capitalization, yet another reason as to why Ethereum enjoys attention is because of its ability to support DeFi – Decentralized Finance.
Polkadot is that one cryptocurrency that has a clear-cut objective – delivering interoperability among other blockchains. Yet another aspect that sets this cryptocurrency apart from the rest is the fact that in addition to creating decentralized applications, the developers can create their own blockchain while also using the security that Polkadot's chain already has. In September 2021, Polkadot's market capitalization stood at about $35 billion.
IOTA, as the name suggests, is a cryptocurrency built for the Internet of Things (IoT). It stores transactions on its ledger using a directed acyclic graph. A point worth mentioning is that this marketplace has been set up to allow businesses to sell data in order to promote data sharing. Additionally, this marketplace is block-less, thereby implying that all network transactions are free. All in all, a good buy this one turns out to be!
Scalability, interoperability, high speed, flexibility, sustainability – you name it and Cardano excels at all of these. Recently, an update that added the ability to build smart contracts has opened doors for the developers to work on dApps and DeFi. With low transaction fees and huge potential to grow in the days ahead, Cardano is that one cryptocurrency you shouldn't miss out on.
Words can merely do justice to the prominence that this cryptocurrency has enjoyed over the last couple of months – thanks to Elon Musk. Today, we have reached the stage wherein Dogecoin is considered to be one of the most viable investment options. What are you waiting for?
Uniswap holds the potential to enable the users to trade Ethereum tokens via liquidity pools. One of the many reasons as to why this cryptocurrency makes it into the list of the top cryptocurrencies to invest in is because this coin has already reached major milestones, and it is now one of the DeFi coins to enter the top race.
Stellar is majorly aimed at simplifying the payments. All the cross-currency payments couldn't have got easier had it not been for Stellar. Its collaboration with International Business Machine Inc to create IBM World Wire has paved the way for fast currency transfer services to financial institutions across the world.
The prime objective of this cryptocurrency is to make a decentralized oracle network that can serve as a middleman between smart contracts and data sources. Its security, trustworthiness, reliability, etc. are the reasons why it is one of the most sought after investment options.
If you are in search of a fast and secure payment that works globally then XRP is the one for you. One of the most remarkable features of this cryptocurrency is that its payment system holds the potential to compete with legacy systems like SWIFT and convert crypto to any fiat currency. No wonder, why it is considered to be one of the most reliable cryptocurrencies.
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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.
