But some believe that Ethereum will be the next Bitcoin. The key edge for Ethereum is its real-world utility. 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 biggest cryptocurrency exchange in the world. It makes sense, therefore, that Binance Coin is the third-most-popular digital coin on the market.
Investors who pay transaction fees with Binance Coin receive discounts. Each quarter, Binance reduces the supply of digital coins based on trading volume. Tether ranks as the No. But among stable coins, Tether takes the top spot. All stable coins tie their value to another asset.
For Tether, that asset is the U. Solana is a public blockchain platform. Bankrate does not offer advisory or brokerage services, nor does it provide individualized recommendations or personalized investment advice. Investment decisions should be based on an evaluation of your own personal financial situation, needs, risk tolerance and investment objectives.
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The information on this site does not modify any insurance policy terms in any way. Bitcoin gets all the headlines when people talk about cryptocurrencies, but there are literally thousands of other options when it comes to these digital currencies. While Bitcoin may have been the first major cryptocurrency to hit the market — it debuted in — many others have become highly popular, even if not quite as large as the original.
Here are the largest cryptocurrencies by the total dollar value of the coins in existence, that is, the market capitalization, or market cap. Data is from CoinMarketCap. As the harbinger of the cryptocurrency era, Bitcoin is still the coin people generally reference when they talk about digital currency. The system allows you to use ether the currency to perform a number of functions, but the smart contract aspect of Ethereum helps make it a popular currency.
Tether often acts as a medium when traders move from one cryptocurrency to another. Rather than move back to dollars, they use Tether. Binance Coin is the cryptocurrency issued by Binance , among the largest crypto exchanges in the world. While originally created as a token to pay for discounted trades, Binance Coin can now be used for payments as well as purchasing various goods and services. Like Tether, USD Coin is a stablecoin pegged to the dollar, meaning that its value should not fluctuate.
The issuance of the currency, called SOL, is capped at million coins. Formerly known as Ripple and created in , XRP offers a way to pay in many different real-world currencies. Ripple can be useful in cross-border transactions and uses a trust-less mechanism to facilitate payments.
Using its currency Luna, Terra is a platform that helps backstop a range of stablecoins based on real currencies such as the dollar or euro. Terra helps stabilize the price of stablecoins through various technical means, and it also supports smart contracts.
Cardano is the cryptocurrency platform behind ada, the name of the currency. Created by the co-founder of Ethereum, Cardano also uses smart contracts, enabling identity management. Avalanche is a fast and low-cost smart contracts-based blockchain platform focused on building decentralized apps and facilitating the creation of custom blockchains. Its users can process transactions in the native AVAX token. Launched in May , Polkadot is a digital currency that connects the technology of blockchain from many different cryptocurrencies.
Originally created as a joke after the run-up in Bitcoin, Dogecoin takes its name from an internet meme featuring a Shiba Inu dog. Unlike many digital currencies limiting the number of coins in existence, Dogecoin has unlimited issuance.
After all, this is one of those digital assets that can benefit the most from any hype on the crypto market. Check out our full SHIB price prediction here. Algorand has begun rising in the second half of March, and shows a lot of promise. This crypto asset backs a self-sustaining decentralized blockchain network that is currently working towards becoming one of the biggest dApp decentralized apps hubs in the world.
The project is currently working on a bridge that would bring Ethereum compatibility to the Algorand blockchain, which will attract a lot of much-needed liquidity to the project. Algorand has a lot of partnerships lined up for the future, and seems to be on the cusp of the next price rally.
Read our ALGO price prediction here. AAVE is the native cryptocurrency of a decentralized lending platform that goes by the same name. AAVE both serves as a governance token and provides reduced transaction fees for borrowing and lending money on the service.
Two things help Aave stand out in an increasingly competitive field: the wide range of cryptocurrencies available for lending and borrowing, and its ability to offer users a choice between variable and fixed interest rates. Many crypto enthusiasts are expecting AAVE to pump in the near future, and it is definitely promising enough to do so. Decentraland is a virtual reality gaming platform based on the Ethereum blockchain.
The application allows users to create any programs which can be used in gaming reality and monetized. The project has virtual land plots called simply LAND, where users build objects and live in this virtual world. To serve the platform, the MANA cryptocurrency was developed.
Ripple has been steadily holding on to its place in the top 10 by market cap for years now — this cryptocurrency remains popular among both institutional and retail investors, and its community is as strong as ever. Despite being an older cryptocurrency that does not often get hyped by people like Elon Musk, XRP still has a lot of ups and downs, and more than enough potential to go to the moon.
Ripple is hailed as the new alternative to SWIFT — and if it does indeed manage to become a global decentralized payment system, we can only imagine how high the XRP price will rise. Check out our Ripple price prediction here. The Ethereum blockchain, which aims to create smart contracts, decentralized applications dApps , and financial instruments, regularly competes with other projects. In , the Cardano network with its ADA coin was launched. Cardano is one of the fastest-growing blockchain platforms.
The World Economic Forum considers it one of the most scalable blockchains. However, the most crucial is that ADA maintains the level of trading rates it reached during the first bull run of ADA has already shown impressive price growth, having burst into the TOP in terms of capitalization. Behind the project, there are three large organizations engaged in scientific research in cryptography, engineering, and blockchain technology.
These factors make the coin attractive for short-term and long-term investments. Given the long-term partnerships with large companies and financial institutions aimed at a wide audience, the project could become more and more popular. The hybrid protocol can significantly reduce the verification time for both transactions and smart contracts execution. It also generated a lot of institutional interest. For several months in a row, it has set new records that significantly exceed the results of the first bull run in It is one of the top digital assets in the world by market cap, and is one of the most promising crypto projects.
Nowadays, Curve has become almost synonymous with decentralized finance DeFi. Although CRV has been on the decline lately, it has responded well to market booms in the past, and may benefit from any future bull run. Lately, there has been a lot of hype for all things decentralized finance, so decentralized platforms like Curve stand to gain a lot from any bull run.
As their goal is to simplify access to the world of DeFi investment, it definitely has a lot of potential — the industry is still relatively young, and is likely to attract new investors in the future. YFI, the in-house token of the Yearn. Its price is already picking up bit by bit. PancakeSwap has recently started rising again — both in terms of price and trading volume. The interest in this cryptocurrency is definitely rising, and when it comes to crypto, an increase in interest often leads to a price rally.
The platform also offers staking, lotteries, and more. The PancakeSwap project shows a lot of promise, and has a chance to moon in Binance Coin has been consistently ranking in the top 5 by market cap in recent years, and has one of the highest ROIs on the cryptocurrency market, which makes it a solid investment choice for However, there are some signs you can look out for. Crypto prices are very dependent on hype and demand, so it helps to be up to date to the latest trends in the industry.
Generally speaking, it is better to invest in a project, which has a fundamental value and whose prospects are more or less clear. It should offer a solution to an urgent problem for a particular crypto ecosystem or even provide some new technology or mechanism.
It is better to invest in a project that has shown mostly positive growth dynamics over the past six months or even a year. After all, this indicates it has at least some stability and some bulls that believe in it. The market capitalization of the cryptocurrency and its popularity among both experts and crypto newbies are also of great importance when choosing an investment asset. Promising projects are almost always the ones that introduce unique technologies and innovative solutions that solve existing problems and give users more opportunities to make a profit.
At the same time, promising projects are simple and affordable, operational and flexible. In addition, it is also recommended to avoid investing in non-fundamental projects that have low capitalization and have not gained popularity, since in this case, the risks of losing your funds are very high. ApeCoin may be the youngest cryptocurrency on this list, but it definitely should not be underestimated.
Inspired by the famous Bored Ape Yacht Club project, this governance token is currently rocking the crypto world. There are a lot of eyes on it at the moment, and you know what that means in the crypto industry — it has substantial growth potential. Ethereum ETH. Tether USDT. Solana SOL. Cardano ADA. Terra LUNA. Avalanche AVAX. Dogecoin DOGE. Polkadot DOT. Cronos CRO. Dai DAI. Litecoin LTC.
Cosmos ATOM. Uniswap UNI. Bitcoin Cash BCH. Chainlink LINK. Stellar XLM. Ethereum Classic ETC. Algorand ALGO. Monero XMR. VeChain VET. Decentraland MANA. Hedera HBAR. Internet Computer ICP. Filecoin FIL. ApeCoin APE. Elrond EGLD. Fantom FTM. Axie Infinity AXS. Tezos XTZ. Klaytn KLAY. Aave AAVE. Helium HNT. Zcash ZEC. Maker MKR. BitTorrent new BTT. The Graph GRT. Convex Finance CVX. Stacks STX. Neo NEO. Huobi Token HT. Harmony ONE. Chiliz CHZ. Zilliqa ZIL. Gala GALA.
Kusama KSM. Quant QNT. Celo CELO. Nexo NEXO.