Ever since cryptocurrencies became available as a medium of exchange, there has been a boom in the number of cryptos being traded, with more than 9000 cryptocurrencies available and vying for the top cryptocurrency spot on the market. At the moment, Bitcoin is still the top cryptocurrency, and that is why it is very valuable and in high demand for traders and miners alike.
For an average crypto enthusiast, whether an experienced trader or newbie, investing in bitcoin might be a little bit expensive. Therefore, in this article, we will discuss a few of the top 50 crypto coins, apart from Bitcoin, that you can purchase.
8 Top cryptocurrency(ies) you should invest in
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Ethereum
Ethereum is an alternative to bitcoin that was launched in 2015 and has grown to become the crypto with the second highest capitalization after bitcoin. It currently trades at $1,383 per ETH as at 2022
What makes Ethereum a valuable crypto is that its ETH platform relies on proof of stake rather than proof of work, which makes it attractive for crypto miners since it means less energy consumption.
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Tether
Tether is a stablecoin that pegs its value to the US dollar, which means it is unlikely to experience sudden bouts of rising and falling (which means your investment remains stable). Tether has a market capitalization of $68,461,359,437, and is currently trading at $1. It may not look like much, but it has the potential to increase.
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USD Coin
The USD coin was launched by the Centre Consortium (a group of companies that includes Circle and Coinbase) in 2018 and currently has a market capitalization of $55 billion, and it is the fourth most traded coin in terms of trading volume. What makes USD stable is that Circle the company responsible for it is based in the US and is therefore subject to American regulations. This makes it a stablecoin
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Binance Coin (BNB)
Binance currently trades at $272 and has a market cap of $44billion. It is also another of the coins pegged against the US currency which makes it another of the stablecoins that you can trade. What is even better is that it has the potential to rise when the US stocks rise, which makes it a stable investment to commit money to.
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XRP
XRP is one of the earliest Cryptos to be created. It was created by Ripple in 2012 and has remained one of the top 30 cryptos since then. And it has its ledger different from Ethereum and Bitcoin. instead of proof of work or proof of stake to validate transactions, instead, the client can send applications to the ledger servers. This makes it more attractive to traders alike. XRP CURRENTLY HAS a market cap of 19.6 billion dollars and is worth $0.39
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Binance USD
Binance USD has a market cap of $20.5 billion and is pegged to the US dollar as well it also currently trades at $1/BUSD. This also makes it good crypto to trade. It is one of the most valuable alt coins.
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Cardano
Cardano was established by one of the founders of Ethereum and that is what makes it reliable. The coin has a market cap of $15.9billion and currently trades at $0.47. The thing with Cardano is that like Ethereum its blockchain also has more De-Fi use case potential to attract users which may affect its price.
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Tectum TET
Tectum is one of the fastest-rising cryptos, and that makes it one of the most attractive to invest in. It is the only Blockchain Network to employ the Proof-of-Utility protocol. The protocol optimizes data distribution and allows the blockchain nodes to verify 1 million digital transactions per second. Which makes it the fastest network by far. With this feature likely to engender several use cases, Tectum is a top cryptocurrency you can get into now.
Conclusion
If you are looking for crypto to buy, there are several factors to take into consideration. Factors like how expensive it is, if it is a stablecoin, how much potential it has to draw traders and users (which portends its potential to rise), and if it can be traded with fiat currency or exchanged with other cryptos.
Tectum offers the best rates on cryptocurrency exchange prices, and they make it easy for you to start your crypto journey. However, ensure that you secure your wallet and do your research before you buy any coins