Are you planning to invest in cryptocurrency? If yes, you must know which crypto is the best to invest in. A large number of people buy crypto coins without any knowledge and in the end regret it. Business is all about taking calculated risks. One of the key factors you need to consider before investing is to list down the best crypto in terms of a team, current rate, and market cap. We have prepared a list of the top 8 cryptocurrencies for your ease. Let's take a look at each.
Top 8 Cryptocurrency
Bitcoin is the most famous cryptocurrency created in 2009 by Satoshi Nakamoto. Bitcoin runs on a blockchain that is verified every hour by crypto miners. The remarkable progress of Bitcoin makes it one of the best cryptocurrencies with a current market cap of $730 Billion.
ETH (Ethereum) , one of the most selling crypto coins of the present time, was created in 2015 by the Ethereum foundation. Its functionality of smart contracts makes ETH worthy. ETH has a market cap of $293 billion with the current price of $2,496.
Binance is the trusted and renowned cryptocurrency exchange platform in the world. In 2017, Binance created BNB for discounted trades. But now BNB is used for trading, purchasing goods, and payments. It has a market cap of $62 billion.
Cardano is the name of a company that creates ADA-- an original crypto coin. The base of Cardano was laid by a co-founder of Ethereum. Due to a good market cap of $35 Billion it falls in the list of top 10 cryptocurrency.
Solana foundation has created SOL crypto coins. It was launched in 2020. What makes SOL different? Its transaction speed. SOL can process a large number of transactions in one second. Now, SOL has a price of $98.89 which defines its steady growth.
XRP is the currency created by Ripple. XRP can be exchanged into other fiat currencies very easily. XRP has faced many challenges in the past which have demolished its progress. But now it is trying to meet the threshold of more than $1.
Polkadot has a market capitalization of $19 billion. Polkadot aims to create a cryptocurrency that connects different blockchains for collaborative working. The Polkadot price has grown so rapidly that eyes can't believe it, from $2.93 to $19.49.
Avalanche cryptocurrency is based on Solana. It is made to oppose Dogecoin which was made accidentally. A market cap of $17,561,746,066.65 6.51% make it a top cryptocurrency.
Hence, choose a crypto coin after in-depth research. Before investing randomly in any coin, make sure that you know what you are doing.