by Aratrika Dutta
March 6, 2022
Buying any of these top 10 cryptocurrencies before April will definitely make you rich
Cryptocurrencies can be a crucial part of your investment portfolio if managed well. Buying multiple cryptocurrency coins can even help you increase your investments, as upgrading protects you from losing all your hard-earned money. Crypto trading is one of the most popular ways to make money, but there is a lot of volatility that makes it very risky. All in all, that would be a scary thought for anyone who works hard, but when there’s a high risk, there’s a good chance of an even higher reward. There are other effective strategies for making profits with cryptocurrency. This article presents the list of top 10 cryptocurrencies to buy before April if you want to get rich.
There is absolutely no surprise that Bitcoin still reigns as the most popular cryptocurrency in the world. Its market cap currently stands at nearly $1.1 trillion. If Bitcoin was a company, it would be bigger than Meta Platforms (formerly known as Facebook) and Tesla. Bitcoin continues to enjoy the advantage of being the premier cryptocurrency. It is more widely accepted than any other digital coin, mainly because it has been around longer.
Ethereum ranks as a somewhat distant No. 2 from Bitcoin on the list of most popular cryptocurrencies. Its market capitalization hovers around US$500 billion, less than half the size of Bitcoin. But some believe that Ethereum will be the next Bitcoin. The key advantage of Ethereum is its usefulness in the real world. Its blockchain supports smart contracts that can be used in a wide range of applications. In particular, Ethereum is well suited for creating non-fungible tokens (NFTs).
Binance operates the largest cryptocurrency exchange in the world. It therefore makes sense that Binance Coin is the third most popular digital coin in the market. It is the native coin of the Binance exchange and currently has a market cap of over $96 billion. Investors who pay transaction fees with Binance Coin receive discounts. Every quarter, Binance reduces the supply of digital coins based on trading volume.
Tether ranks as the 4th most popular cryptocurrency in the world. Its market capitalization is approximately US$73 billion. But among stablecoins, Tether ranks first. All stablecoins tie their value to another asset. For Tether, this asset is the US dollar. In theory, Tether is like a “crypto-dollar” that should retain its value the same way physical US dollars do.
Solana is a public blockchain platform. Developed to help power the uses of decentralized finance (DeFi), decentralized applications (DApps) and smart contracts, Solana operates on unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely. Bloomberg sees Solana as “a potential long-term rival for Ethereum.” Like Ethereum, Solana can also execute smart contracts.
Avalanche is a layer 1 blockchain that functions as a platform for decentralized applications and custom blockchain networks. It is one of the rivals of Ethereum, aiming to overthrow Ethereum as the most popular blockchain for smart contracts. It aims to do this by having a higher transaction output of up to 6,500 transactions per second without compromising scalability.
Created by some of the same founders as Ripple, a digital technology and payment processing company, XRP can be used on this network to facilitate trading of different types of currencies, including fiat currencies and other major cryptocurrencies. . It is one of the best cryptocurrencies to buy in 2022.
Meme coins rely on internet hype and therefore it is almost impossible to predict which ones will take off. But the Samoyedcoin meme coin caught the interest of Daniel Polotsky, founder of CoinFlip, a Bitcoin ATM company. Like Dogecoin, it bears the face of a cute dog and is meant to be a lighthearted and fun ambassador for Solana.
Fetch.ai is a decentralized machine learning platform for applications such as asset trading, according to CoinBase. For example, one of Fetch.ai’s apps helps users of the Uniswap crypto exchange automate their trading. FET is an Ethereum-based token that powers Fetch.ai. It has gained over 1,500% over the past year.
USD Coin (USDC) is a type of cryptocurrency called a stablecoin. You can always exchange 1 USD Coin for 1.00 USD, giving it a stable price. On Coinbase, eligible customers can earn rewards for every USD coin they hold. Each USDC is backed by a dollar or an asset of equivalent fair value, which is held in accounts with regulated financial institutions in the United States.
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