Cryptocurrency

Which Crypto To Buy? – Top 10 Cryptocurrencies

By Ryan Bradman | October 20, 2021

Table of Contents

As you may know, Bitcoin- a Cryptocurrency is now a trendsetter. Bitcoin is not only a pacesetter but also has increased the cryptocurrency worth in a decentralized peer-to-peer network. Bitcoin has become the standard for digital ledgers.

But, Bitcoin isn’t the only digital currency. We have seen that the majority of people only know about Bitcoin when it comes to Cryptocurrencies. But, Do you know there are many other cryptocurrencies that you can buy or invest in? If you are planning to invest in Bitcoins, you can easily get started with the bitcoin loophole website.

This article aims to inform you about different types of cryptocurrencies and tell you which crypto to buy- the top 10 cryptocurrencies.

About Cryptocurrencies

Cryptocurrencies are defined as a form of digital coins that prevails on an allocated, and decentralized account called a blockchain. So we can describe cryptocurrencies as digital money. However, some of the cryptocurrencies have launched in the actual world with credit cards or other methods, but still, a large majority of crypto coins are elusive. The “crypto” term in cryptocurrency indicates cryptography; it allows the creation and processing of digital money and its transactions across regionalized systems. “Crypto” is the essential feature in these digital currencies because they are developed as code by the team who builds the procedure for allotment (through the “mining” process).

All the cryptocurrencies are designed such that they are away from government control and manipulation. All the cryptocurrencies designed after Bitcoins are collectively termed “Altcoins” and sometimes “Shitcoins.” These Altcoins or Shitcoins have always tried to be the modified version of Bitcoins. And there are some of these currencies that contain some impressive features that are not available in Bitcoin, but the security level that Bitcoins offers is still to be attained by an Altcoin.

Below we will mention some other significant digital currencies other than Bitcoin. But first, it’s essential to clarify the fact that it is impossible to mention the entire cryptocurrencies, as there have been more than 6,500 types of cryptocurrencies in the market since September 2021. So we have only mentioned those cryptos in our list that have immense popularity among bankers and investors. Besides this, the domain of cryptocurrency is constantly expanding. You never know; the next cryptocurrency can be released tomorrow. So, the list of top 10 cryptocurrencies is as follows-

1. Bitcoin (BTC)

As expected, the first cryptocurrency on our list is Bitcoin. Investing in Bitcoin has been there in the market since 2009 and it is the very first commissioned cryptocurrency to boost its following and its use as a medium of online exchange.

Bitcoin still governs the credentials of commercial crypto investors, also helping to raise the worth of other altcoins. All together, bitcoin was engineered well by the true identity of inventor Satoshi Nakamoto, enabling bitcoin to be decentralized. And thus, there was the rise of an entirely different alternative of the financial sector. And the financial industry is still learning how virtual currencies can be money.

2. Ethereum (ETH)

Ethereum is the altcoin introduced in the market in 2015. The ethereum decentralized platform sanctions regionalized applications to be created and run without any fraud or control from a third party.

Thus, Ethereum is seen as a currency and a complete blockchain that empowers other crypto applications. Ethereum mining is a medium for “smart contracts,” beneficial in governing finance as additional coins are also based on Ethereum technology.

3. Cardano (ADA)

Cardano is a token that is developed by complete research by engineers, mathematicians, and cryptography professionals. It has been there in the market since 2017 and is accredited as “environment-friendly”.

As it avoids the energy-intensive part like mining in Bitcoin. Cardano is a “proof-of-stake” model, which means whoever holds Cardano can vote on its direction.

4. Ripple XRP

It is also known as open coin and is generally used by financial institutions like Axis Bank and YES bank to transfer money across borders faster and cheaper than the NEFT and RTGS methods.

Here, Ripple is the network for the entire blockchain network, whereas XRP is the token’s name. And Ripple is the biggest cryptocurrency in the market; XRP coin has attracted contemplation from securities and SEC.

5. Polkadot (DOT)

Polkadot is a unique coin that aims to deliver interoperability among other blockchains. It has been there in the market since 2017. Polkadot is a project by the Swiss research Foundation, and Forbes has listed it as Etherium-killer.

This coin is cheaper and faster than other cryptocurrencies mainly because of how it is built. With Polka Dot, the developers can generate their blockchain by using the Polka dot chain security. And this concept found in PolkaDot is known as Shared security.

6. Bitcoin Cash (BCH)

Bitcoin cash has a lower exchange value than its brother bitcoin, but it caters to faster transaction speed and minimum transaction fees. The BCH has an estimated market value of $12 billion, and its value per token is $640.

Bitcoin Cash is one of the foremost and successful tokens of the original Bitcoin, and so it persists in an important place in the domain of altcoins. Bitcoin Cash was invented in 2017. This is different from converting bitcoin into cash.

7. Stellar (XLM)

Stellar is an open digital ledger developed to provide enterprise solutions for large transactions by coupling financial institutions. You might know, every huge transaction between banks and big firms takes several days.

Involves many intermediaries, and costs a good amount of money. But now, with stellar, you can complete all large transactions without intermediaries, and it will cost very little. Stellar has a market value of $565 million and is esteemed at $0.33.

8. Chainlink (LINK)

Chain Link is a regionalized network that connects the gap between smart contracts. Cryptographic ledgers themselves do not have the strength to link to the external applications in a trusted manner.

The chain links decentralized oracle network will allow smart contracts to connect with outside data. It is something that the Etherium coin itself cannot relate to. Sergey Nazarov and Steve Ellis designed the Chain Link. The estimated market value of a chain Link is $ 13.5 billion, and the value of one Chain Link is $ 30.50.

9. Litecoin (LTC)

Litecoin was introduced in 2011 as a Lite version of Bitcoin. And so, Litecoin has the same strength as its parent cryptocurrency. However, the status of Bitcoin is still a topic for debate, but Litecoin seeks to be used more as a currency.

Because the price of Litecoin is lower than Bitcoin, it is called the silver to Bitcoins Gold. For the past three years, Litecoin has been trading well, so investors have expected an increase in Litecoin’s price in the next two to three years. The market capitalization for Litecoin is $4 billion, and one Litecoin is valued at around $190, becoming the sixteenth largest cryptocurrency worldwide.

10. Binance Coin (BNB)

Binance Coin is like a utility cryptocurrency and is operated as a payment method for trading fees on the Binance exchange. If you use the token mentioned above as the means of payment for exchange, you can trade it at a discount.

Changpeng Zhao introduced the Binance BNB exchange, and it is among the widely used exchanges all over the world, depending on its trading volume. The Binance Coin has a market value of $71 billion, and one BNB is valued at $426.