Cryptocurrencies Ranked by Market Cap

Wednesday, March 09, 2022 / 01:45 PM / Sponsored
Post by Joe Johnston / Header Image Credit: pixabay.com

 

A cryptocurrency is a distributed and decentralised ledger and
a collection of digital tokens or “coins” that reside on a
blockchain. Some altcoins have been recognised as having more advanced features
than Bitcoin, such as the capacity to process more transactions per second or
the ability to employ alternate consensus techniques, such as proof of
stake. 
 

 

1.      Bitcoin (BTC)  

Bitcoin is the most valuable cryptocurrency in
terms of market capitalisation, and because the rest of the market tends to
follow its patterns, it is a good predictor of the crypto market as a whole.
With enough security, though, stealing bitcoin is theoretically impossible.
While cryptocurrency exchanges have been hacked in the past, Bitcoin’s exchange
has remained unscathed.
 

 

2.     Ethereum (ETH) 

Due to the worldwide construction of trading
platforms, exchanges, and online brokerages, Ethereum (ETH) is perhaps one of
the most liquid financial assets, thanks to the international development of
trading platforms, exchanges, and online brokerages. Ethereum could be easily
converted for cash or valuables like gold at extremely low rates. If you are
interested in the future of this cryptocurrency you may look at the
Ethereum Price Prediction, made by the experts at BiteMyCoin – a reliable
crypto media portal.
 

 

3.     Tether (USDT) 

Tether is
available on most major cryptocurrency exchanges, but should you invest given
its past and prospects? Despite its many problems in the past, Tether remains a
relatively stable coin. USDT is an extremely safe and secure cryptocurrency to
store money in. Tether is a stable coin that is tied to the price of one US
dollar, making it extremely stable. Its price changes by a few percentages
points every now and again, but it is still quite steady.
 

 

4.    Binance Coin (BNB) 

For all
long-term investors, BNB might be a wonderful investment in 2022. Remember,
it’s a highly volatile cryptocurrency that may help you maximise your gains in
a short period of time, but it can also cause you to lose a significant amount
of money. For processing crypto transactions, exchanges charge fees, and one of
the reasons Binance is so popular is because its transaction costs are among
the lowest in the world. Thus, each of those billions of transactions costs
less than a tenth of a per cent of the total.
 

 

5.     USD Coin (USDC) 

USDC is the most
highly rated stable coin on our list. Circle, Ltd. has done an outstanding job
developing a safe, liquid, transparent, and simple to use a stable coin with
several deposit and redemption methods. USDC, on the other hand, is funded by
well-known firms. The stable coin USDC gains a lot of trust as a result of
these features, making it more dependable than other fiat-backed stable coins
like Tether.
 

 

6.    Cardano (ADA) 

Cardano, which
is run by a co-founder of Ethereum, has become one of the most valuable
cryptocurrencies. Investing in Cardano entails purchasing the network’s native
cryptocurrency, the coin ADA, which has risen in value to become one of the
most valuable digital assets on the market in recent years.
 

 

7.     Solana (SOL) 

People seeking
Ethereum alternatives is one of the major drivers of Solana’s growth. Ethereum
is the world’s second-biggest cryptocurrency and the first to use smart
contracts. Smart contracts are small bits of code that allow decentralised apps
(dApps) and other programs to function on blockchain networks.
 

 

8.    XRP (XRP) 

In general,
cryptocurrencies are volatile, but XRP is in an even more difficult situation.
If you believe Ripple’s growth will continue, a little investment in XRP may be
worthwhile. It’s not as safe as stock investment, but if Ripple succeeds, you
may make a lot of money.
 

 

9.    Terra (LUNA) 

LUNA is
essential for Terra’s stable coins to remain stable, and token holders can
stake the coin to be paid for absorbing volatility. The Terra payment network
pays token holders a share of transaction fees.
Terra is best
described as a fully digital, decentralised financial institution as a firm. It
has its own kind of central bank. Customers may earn interest on their money,
spend it using the company’s payment system, and even invest in synthetic
stocks.

 

10.     Polkadot (DOT) 

Polkadot is gaining traction because, like other
cryptocurrencies, it is still relatively young. This famous cryptocurrency is
known for its security and scalability. For DOT, multiple para-chains were
constructed just last year. It was created as the scalability and security
basis needed to allow the multichain future, with para-chains connecting and
communicating within the ecosystem.
 

 

11.  Dogecoin (DOGE) 

Dogecoin’s value soared by more than 5,000 per cent
in 2021, proving that it is no longer a joke. Elon Musk, the CEO of Tesla, is a
fan, describing
Dogecoin
as
his favourite cryptocurrency. Musk also dubbed Dogecoin the “people’s
cryptocurrency” and stated that an actual Dogecoin token would be planted
on the moon.

 

12. Avalanche (AVAX) 

Fees from
various acts are gathered by the network, which then sends this money to be
burned. The Avalanche blockchain is a deflationary blockchain. The total number
of AVAX in circulation is reduced when these tokens are burned. As a result,
demand for these tokens can be controlled, and future pricing may be
guaranteed.
 

 

 

Financial Disclaimer: Keep in mind
that the market is volatile!
  

Extremely
volatile, cryptocurrencies are a riskier investment than other options. Your
specific circumstances and risk tolerance will determine whether the
cryptocurrency is a good fit for your portfolio. Before you invest your money,
you should conduct your own study and assess the degree of risk you are willing
to bear.

 

Supporters of
digital currencies, on the other hand, should be wary of investing in bitcoin
before learning about the hazards. They should spend time learning about the
most typical problems faced by new investors, as well as grasping complicated
security requirements and properly examining their new assets. 
 

 

We recommend
that you undertake your own research and assess the latest market trends, news,
expert opinion, and technical and fundamental analysis before making any
investment choices. In conclusion, never put your eggs in one basket and always
invest in different financial assets.
 

 


 

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