It will be overwhelming for a lot of people who are just starting to learn about cryptocurrencies because there are so many to choose from. Before you delve into the investment world, learn more about the top cryptocurrencies here that you should consider.
Created by Satoshi Nakamoto in 2009, BTC is the first cryptocurrency. Like most cryptocurrencies, it is based on a blockchain. This is a network of thousands of computers that record these digital transactions. The blockchain network makes it more difficult for scams to happen. Learn more about Bitcoin at https://manocoin.net/.
Binance Coin (BNB)
This is used for trading and also as fee payment on other cryptocurrency exchanges. This cryptocurrency has expanded its scope since it was first introduced in 2017. With BNB, you can now use it for trading and online purchase payments. In addition, BNB can also be traded for Ethereum or Bitcoin.
This is one of the favorites among cryptocurrency traders, especially program developers. Simply because of the future potential success of its applications. The non-fungible tokens (NFTs) and smart c contracts are just some of them. ETH is also both a cryptocurrency and a blockchain platform.
This cryptocurrency is one of the most popular today. It supports decentralized finance (DeFi) uses, decentralized apps (DApps), and smart contracts. It primarily acts as a proof-of-stake and proof-of-history mechanism. SOL ensures fast and secure transactions. The platform is powered by Solana’s native token.
Unlike other cryptocurrencies, USDT is a stablecoin. It is backed by fiat currencies, like the U.S. dollar and the Euro. This means that the USDT retains the value of one of these currencies. This is one of the most preferred by investors since its value is believed to be more stable.
U.S. Dollar Coin (USC)
This is also a stablecoin. As its name suggests, this cryptocurrency is backed by U.S. dollars. It continues to maintain a 1 USD to 1 USDC ratio. The USDC operates on the Ethereum network. This allows for seamless global transactions.
This is developed by the same founders of Ripple. XRP can be used with any currency exchange. XRP allows the transfer of different currency types. It is compatible with fiat currencies and other major cryptocurrencies.
Cryptocurrency investment these days is pretty straightforward. One option is to use crypto exchanges. Others also use brokerages. It is important that you know which cryptocurrency you should invest in before you dive into this highly competitive digital currency world.