Top Cryptocurrency to Invest. A Comprehensive Guide For Maximizing Your Returns
Are you a trader at the beginning level but having a lot of confusion among which crypto currency you have to buy? In this article we will discuss about top crypto coins which will strengthen your portfolio.
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From Bitcoin to Ethereum and Dogecoin to Tether, I think you are familiar with these names if yes, welcome to the dazzling world of cryptocurrencies, where the future of finance is being shaped one digital coin at a time. The crypto space has evolved beyond our wildest expectations, creating new opportunities and transforming the financial landscape. There are thousands of different cryptocurrencies, which will also confuse which one should be picked in your portfolio. So, whether you’re a seasoned crypto enthusiast or a curious newcomer looking to dip your toes into the world of digital currencies.
In this blog post, we will explore the best cryptocurrencies of 2023 that have been making waves and are poised to revolutionize the way we transact, invest, and build wealth. we will be here to clear up your confusion. But first, we will discuss what cryptocurrency actually is.
What Are Cryptocurrencies?
A cryptocurrency is a digital asset that is based on blockchain technology and can circulate without the centralized authority of a bank or government. To date, there are 24,630 cryptocurrency projects out there in the cryptocurrency market that are estimated to reach $4.94 billion by 2030.
1.Bitcoin (BTC)
Market cap: $510.8 billion
In May 2016, you could buy one Bitcoin for about $500. As of Sep. 26, 2023, a single Bitcoin’s price was around $26,201. That’s a growth of 5,140%.
2. Ethereum (ETH)
Market cap: $190.7 billion
Ethereum has also experienced tremendous growth. From April 2016 to the end of September 2023, its price went from about $11 to around $1,586, increasing 14,321%.
3. Tether (USDT)
Market cap: $83.2 billion
Tether (USDT) is a stablecoin, meaning it’s backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations.
4. Binance Coin (BNB)
Market cap: $32.6 billion
BNB’s price in 2017 was just $0.10. By late September 2023, its price had risen to around $212, a gain of 211,663%.
5. XRP (XRP)
Market cap: $26.7 billion
At the beginning of 2017, the price of XRP was $0.006. As of Sep. 26, 2023, its price reached $0.50, equal to a rise of 8,249%.
6. U.S. Dollar Coin (USDC)
Market cap: $25.6 billion
Like Tether, USD Coin (USDC) is a stablecoin, meaning it’s backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio. USDC is powered by Ethereum, and you can use USD Coin to complete global transactions.
7. Cardano (ADA)
Market cap: $8.6 billion
Somewhat later to the crypto scene, Cardano (ADA) is notable for its early embrace of proof-of-stake validation.
Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of Sep. 26, 2023, its price was at $0.25. This is an increase of 1,127%.
8. Dogecoin (DOGE)
Market cap: $8.6 billion
Dogecoin was famously started as a joke in 2013 but rapidly evolved into a prominent cryptocurrency thanks to a dedicated community and creative memes.
Dogecoin’s price in 2017 was $0.0002. By September 2023, its price was at $0.06,
9. Solana (SOL)
Market cap: $8.0 billion
Developed to help power decentralized finance (DeFi) uses, decentralized apps (DApps) and smart contracts, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms to process transactions quickly and securely.
When it launched in 2020, SOL’s price started at $0.77. By Sep. 26, 2023, its price was around $19.29, a gain of 2,405%.
10. TRON (TRX)
Market cap: $7.6 billion
TRON was founded in 2017, and TRX was initially valued at $0.0019 per token. At its peak in 2018, TRX spiked as high as $0.2245, for a gain of 11,715% in a matter of months. TRX is currently valued around $0.08.
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