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Due to the rise in popularity of digital assets, people are being encouraged to invest in cryptocurrencies. However, due to its volatility, cryptocurrency must be meticulously investigated. In light of this, to help navigate this volatile crypto market for crypto investors a detailed research is carried out to determine the top 10 cryptocurrencies for investment. The top 10 cryptocurrencies featured in this article were chosen based on their performance during the previous 60 days.
Current price- US$0.5183
On August 20, 2023, Ripple announced a cooperation with MoneyGram, a significant money transfer business. Through this partnership, MoneyGram will be able to employ Ripple's technology to improve the speed and cost of international payments. After the SEC ruling's initial rise, the price of XRP has stabilized. Nevertheless, it is still trading above $0.50, which is a good indicator.
Current Price- US$20.28
Solana and Chainlink announced their collaboration in February 2023 in order to introduce decentralised oracles to the network. As a result, Solana applications will be able to access real-world data in a trustworthy and secure manner. A DeFi derivatives platform called Solend was introduced by Solana in March 2023. Users can trade derivatives based on Solana, like futures and options, using Solend.
Current Price- US$0.07635
The TRON Foundation among the top 10 cryptocurrencies, revealed in July 2023 that it had raised US$600 million in a fundraising round that was spearheaded by Alameda Research. The money will be used to assist the expansion of the Tron ecosystem, including the creation of new initiatives and institutional and commercial adoption of Tron. Tron crypto connected with the Ethereum Virtual Machine (EVM) in August 2023.
Current Price- US$1.50
Toncoin introduced an NFT marketplace in March 2023. Users are able to trade, buy, and sell NFTs on the market. Toncoin's price rose sharply in April 2023, peaking at US$2.90. This resulted from the mainnet's introduction and the collaboration with Bitfinex.
Current price- US$0.000008122
Shiba Inu introduced Shibarium, a layer-2 blockchain, in August 2023. Shibarium is intended to lower fuel expenses and increase the Shiba Inu network's scalability. Shiba Inu also has plan to launch Shiberse, its own metaverse. Users can connect with the Shiba Inu ecosystem and one another in the virtual environment Shiberse.
Current price- US$0.1184
To enable cross-border payments utilizing the Stellar network, MoneyGram, a significant money transfer business, and Stellar accompanied in March 2023. Cost of stellar lumens increases. The cost of XLM, the Stellar network's native coin, has increased recently after reaching an all-time low of US$0.03 in July 2022.
Current price- US$5.91
Chainlink Keepers, a service that enables users to automate actions on the blockchain, was introduced in March 2023 by Chainlink. After the initial increase following the release of Chainlink Keepers, the price of LINK has stabilized. Nevertheless, it is still trading above $5, which is a good indicator.
Current price- US$0.0545
Hedera Hashgraph among the top 10 cryptocurrencies, announced a collaboration with the micropayments platform Dropp in March 2023. Through this collaboration, Hedera will be able to support micropayments for a number of uses, including tipping, streaming, and gaming. In the wake of the cooperation with FedNow, the price of HBAR increased by more than 20%.
Current price- US$1.42
Following the debut of Optimism Collective, the cost of optimism, the native token of the Optimism network, increased by more than 50%. This was brought on by a growing optimism that the new governance structure would result in a rise in optimism adoption. After the initial increase following the debut of Optimism Collective, the price of optimism has stabilized. In spite of this, it is still trading above the US$1.50 mark, which is encouraging.
Current price- US$1,025
Following the introduction of MCD, the price of Marker, the MakerDAO system's native token, increased by more than 30%. This resulted from the growing confidence that the new Dai version would improve MakerDAO use. After seeing an initial increase following the release of MCD, the price of Marker has stabilized. It is still trading, though, above the $1,000 mark, which is a good sign.
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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.
