The world is full with amazing and highly promising projects, but that’s not what really makes them the next big thing in the market. What truly makes a coin, to put it bluntly, stand out from other cryptocurrencies?
A cryptocurrency can be used for many purposes. If you want to convert your fiat currency into digital cash, a decentralized blockchain like Bitcoin or Ethereum gives you complete control over how money in circulation is spent. If you want to buy alcohol, then all the leading cryptocurrency exchanges are proof of work centers where transactions happen between sellers and buyers in real-time.
A cryptocurrency is also backed by an army of people who know exactly where its assets came from, and they have proven track records for managing its usage. For example, every time Ripple began trading on October 14, 2010 it became one of the most successful financial technology companies to ever exist. This isn’t saying it’s easy, however. Many new entrants in the space are still learning their way around the labyrinth of cryptocurrencies that exist today.
But because currencies allow you to store information for use in future transactions, the list below contains some of the best top ten cryptocurrencies in history; each with unique features and advantages they share compared to others. And while we’ve only included the main players in our comparison table, this does provide one more reason to add these to your portfolio as a part of your investment strategy. Because let's face it, there are plenty of better investing opportunities than crypto!
Top 10 Coins of 2022
1) XRP (Ripple)
Ripple was first created in 2013, and has since become one of the leading cryptocurrency exchanges worldwide. As a payment platform, Ripple allows users to send funds back and forth with other banks, and with merchants that sell crypto. It also offers lending options, allowing anyone to lend against their own funds, without needing to pay any fees.
With over 50% of Bitcoins held in Ripple right now, combined with almost 200 million USD worth of transaction fees charged every day, it shouldn't take long before Ripple starts winning over high potential investors. With such a large number of customers, it should be easy for Ripple to find more partners and raise more capital and reach even higher heights for itself.
2) BTC/USDT (Bitcoin Dollar Exchange)
The Bitcoin Dollar Exchange (BTCDE) is another exciting project from Coinbase, offering peer-to-peer payments via mobile phone apps. Using bitcoin, coin holders can give crypto-currency to anyone anywhere within their country for free, providing zero risk.
The exchange has seen massive growth during 2020, expanding to a total network of nearly 2,700 cities worldwide. All in all, the BTCDE is easily one of the largest crypto exchanges on the market, making it another compelling option for someone looking to invest in crypto. Whether it’s through trade, mining, or lending, BTC can help investors earn rewards and gain passive income, giving themselves the ability to travel the world. No matter if you’re just starting to invest in Bitcoin, or are ready to jump in fully, BTC might be the right choice for you.
3) EOS (Eos Coin)
EOS is another great step forward for crypto in general, but it takes place in a way that no single company could ever imagine. According to Forbes, the eOS coin “will eventually provide an open ledger for smart contracts to function and securely share data”. A distributed smart contract system lets developers manage and govern token-based trades, enabling users to set rules and conditions for running smart contracts within digital assets. Alongside its popularity, eOS is being considered as the frontrunner when it comes to digital assets. While it’s hard to predict what would be the biggest value ever seen in a coin like Ether, it is likely that the global economy will grow faster than in previous decades, with growing demand for technology as well as increasing profits.
With its current valuation of $6 billion, it doesn’t seem too far-fetched for eOS to surpass Ethereum. However, that said, there are multiple reasons why the eNAS may be less valuable than previously thought, especially so far. It was initially valued at $20 billion, but this increased to $25 in June 2020, and has continued to rise since. But it may not be enough for crypto investors. Considering eNAS has more than double the amount of assets compared to Ethereum, and is currently undervalued, it seems likely that eNAS will fall out of favor as the price continues to fluctuate.
4) NFTs/TRXs/NFTs (Nonfungible tokens/Tokens/Digital items)
NFTs are increasingly becoming popular in the gaming industry, and have been used to create millions of items like augmented reality glasses and movie posters. From these, fans often get “NFTs” in return, which are virtual copies of actual digital items that can be purchased and sold on secondary online stores. These digital items can never be lost or copied, so while they are non-fungible, their value stays the same.
The concept was first introduced during 2016 during Fortnite World Championship, where a fan named FaZe Clan stole hundreds of thousands of NFTs belonging to NBA team Miami Heat in order to increase its overall rating. With 1 Billion registered in September 2019, there’s no denying that NFTs are here to stay, and it looks like they will continue to rise in popularity.
5) IEO (Initial coin offering)
The idea behind Initial coin offering (ICO) is to get investors interested in a business idea and offer something akin to a traditional IPO, taking their money to try and make or build a product. They aren’t usually regulated, but have shown huge success in recent years.
According to Statista, ICOs raised almost half a trillion dollars in funding, and most of those made it to the retail level. Of course, if your product is good, you’ll need a few additional backers to make it a reality. Although the majority of projects fail over the initial days or months, some do do reach later stages that turn out to be very lucrative and successful to boot, so it’s possible to say they’re viable in certain markets. If you plan on launching a startup in 2021, then I expect this to be your ideal opportunity.
6) ETH (Bitcoin)
The primary reason why Ethereum is so powerful and successful is because it uses blockchains on a worldwide scale. Blocks on a blockchain are immutable and transparent, meaning that after completing the chain transactions, it cannot be changed and replicates them infinitely. This greatly reduces fraud and increases protection against cyberattacks and malware attacks. This is why Ethereum is one of the world’s most stable and reliable cryptocurrencies, and has over five years-long history of operating in the industry. Even though it took until 2017 to launch its first asset, the Ethereum Classic, it has since grown to become one of the world’s most profitable cryptocurrencies. Despite the volatility of the industry, Ethereum remains the main driver of growth for the entire cryptocurrency industry, and you should expect it to remain true to its name.
The question surrounding Ethereum is whether Ethereum is going to overtake the likes of the Binance Coin in terms of value. Currently, the prices between both have a daily range of $0.10 and $0.1, with each side having slightly different values on average. With current regulations in Canada and Japan, many investors feel it’s unlikely that Ethereum could ever catch up to the US$1,000 per coin mark.
7) Cardano (Cardano)
With many investors wondering whether and when Cardano will succeed out of Ethereum, the chances are this will never come to pass. At least, not officially. There are three major factors to consider when buying cards, including support, scalability, and security. For the sake of this article, we will discuss card, because it has already seen massive adoption, and has a solid foundation to build upon.
Cardano is based on a protocol called Ledger, which utilizes a type of hardware called Cordova. When the two parties first merge together, their computers are connected to the computer network, then they make the connections permanent, and verify each message to ensure its validity. Every node on the network has a copy of its own private ledger, called the genesis block. Each holder of a card takes ownership of his own block. Once the process has begun, the process is repeated indefinitely.
The main advantage of using Cards is that its network uses proof-of-work to prove transactions without actually requiring physical money. After successfully solving puzzles by using computer algorithms, miners are rewarded with digital currency and become entitled to create new blocks on the network. This helps avoid third-party interference and collusion, guaranteeing that a user’s purchase is legitimate. Unlike Bitcoin, all the existing Bitcoins available in the market will always be kept safe, and none will ever disappear. The fact that there's no risk involved means cardholders don't hold their money as much as they would have with bitcoin, therefore keeping Cardano's security intact. Another factor is the low cost. Unlike Bitcoin, all the transactions and networks on Cardano are developed entirely in India, meaning they're affordable to everyone.
8) Zcash
Zcash took off in 2018 when former Google engineer Antonie Malamutdinov founded it based on code he found on GitHub. While early adopters didn't see Zcash succeed in their mission to change the financial industry, the development of the product itself took off pretty quickly, resulting in record gains as well as impressive returns for crypto investors. While the supply of bitcoins keeps rising, the rate at which zcash is consumed is declining, m
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