With the introduction of various cryptocurrencies, many traders feel perplexed about which one to choose for higher returns. Various cryptocurrencies other than Bitcoin are highly valued, from Ethereum, Cardano, to EOS and Ripple, there are about 6000 and above cryptocurrencies in existence.
In this article, you will find out the top cryptocurrency list to make your selection easier.
Popular cryptocurrencies: An outline
When people speak about cryptocurrencies, bitcoin earns all the limelight. However, it is not the only cryptocurrency in circulation, but it is a trendsetter for other influential digital currencies built on a decentralised peer-to-peer interface.
Also, cryptocurrencies usually get ranked by their market capitalisation, and it is a direct representation of investor’s risk-taking capacity. Although behind the cryptocurrency statistics, for every cryptocurrency, there are more complicated narratives.
Each possesses it’s technological characteristics and their appeal to customers, cryptocurrency shares and unparalleled backstories.
Unocoin is one of the best cryptocurrency trading websites in India. It is one of the most extensive ecosystems of crypto traders that assist investors in trading bitcoin, Ethereum and various other cryptocurrencies seamlessly and help complete crypto trading with satisfaction.
An introduction to cryptocurrency
A cryptocurrency refers to digital or virtual money that exercises the form of coins or tokens.
Also, being a decentralised platform, blockchain-based cryptocurrencies enable people to engage in peer-to-peer commercial activities or access contracts. This holds the potential to agitate the existing economic system and democratise investment.
In addition, the size of the cryptocurrency expanse has risen exponentially in the preceding decade, with the latest innovations and a cumulative market capitalisation of approximately $3 trillion.
Top 10 Cryptocurrencies other than Bitcoin
The majority of cryptocurrencies in modern times use a censorship-resistant architecture and open-source code. This implies that anybody can replicate and tweak the cypher and design their new coin. It likewise indicates that anybody is free to enter its interface or transact in it. Mentioned here is a comprehensive cryptocurrency list that you can trade in for better returns.
- Ethereum (ETH)
The initial name in this cryptocurrency list is Ethereum. Ethereum refers to a decentralised software network that facilitates decentralised applications (DAAPS) and smart contracts developed to operate without fraud, downtime, restraint or control from a third party.
The purpose behind Ethereum is to build a decentralised series of commercial goods that any person across the globe can unobstructedly access, regardless of ethnicity, nationality, or faith. Unlike bitcoin, which investors principally see as a reserve of value, Ether’s worth stems from its enablement of smart contracts in decentralised apps.
Most Decentralised Finance (Defi) designs get developed on Ethereum. Also, Ether’s stock is unconstrained, indicating that the cumulative quantity of Ether coined is still uncertain but will be defined by Ethereum’s community members.
2. Binance Coin (BNB)
Binance coin (BNB) is another cryptocurrency in the top cryptocurrency list, founded by Changpeng Zhao. Binance is a preeminent global exchange for purchasing and marketing cryptocurrency. The BNB token was built to expedite activities on the Binance interface, enable users to pay their trading charges and access other goods and services, such as Binance’s decentralised market.
In addition, the users of BNB fancy lower trading charges on Binance than those spending in other cryptocurrencies. Since its formulation, BNB’s notoriety expanded past its efficiency on the Binance exchange, day traders and drawing speculators.
3. Cardano (ADA)
Cardano was endowed in 2015 by Charles Hoskinson, a network specialist and co-founder of Ethereum, who abandoned the project over disputes with its other founders. Cardano’s cryptocurrency, ADA, remains guarded by a proof-of-stake protocol termed Ouroboros.
This operates permissionless and permission-based blockchains on the network. The association carried out comprehensive analysis and experimentation, recording over 90 articles on blockchain technology.
4. Litecoin (LTC)
Litecoin (LTC), established in 2011, was among the leading digital currencies to follow in the footsteps of Bitcoin and has customarily been recognised as the silver to Bitcoin’s gold. This digital currency was founded by Charlie Lee, a former Google technician.
Litecoin operates on an open-source global payment system that does not get governed by any central authority or bank and uses “scrypt” as proof of work (PoW), which can further get decoded with the support of high-level CPUs.
Although Litecoin, in various designs, is comparable to Bitcoin, it contains a more flexible block production pace and consequently bestows a more accelerated trade validation interval. Other than developers, there is an ever-widening quantity of universal traders that admit Litecoin as a payment method.
5. Tether (USDT)
Tether (USDT) is the premier and most thriving stablecoin in the top cryptocurrency list. This cryptocurrency aims to guard its exchange rate to a coin or additional outside source to decrease volatility.
Since several cryptocurrencies, including Ethereum and Bitcoin, faced several days of intense volatility, Tether (USDT) and various other stablecoins attempt to smoothen cost modifications to attract traders who may otherwise be suspicious.
Endowed in 2014, Tether (USDT) describes itself as a blockchain-aided platform designed to digitally facilitate the use of fiat money. Tether’s price remains connected undeviatingly to the rate of the U.S. dollar and, this method aids traders to make transfers from other digital money back to U.S. dollars promptly than shifting to the conventional currency.
6. Bitcoin Cash (BCH)
Bitcoin Cash (BCH) owns a prominent place in the cryptocurrency field as it is one of the pioneers and most prolific hard forks of Bitcoin. In the cryptocurrency business, a fork occurs as the outcome of negotiations and conflicts between crypto developers and miners.
Due to the decentralised nature of digital currencies, notable adjustments to the code containing the coin or token must begin due to agreement as the mechanism for this process varies as per the particular cryptocurrency.
Libra is yet another famous cryptocurrency created by Facebook. This digital currency intends to get used as a low-fee, simplistic global currency. It will fundamentally remain a digital currency on smartphones, which individuals can utilise to make payments where digital payment remains supported. Libra gets supported by an asset container that bears all the leading digital currencies.
Libra, primarily intended to get embraced as an uncomplicated medium of exchange across the world. Additionally, the support that it receives from the asset container presents it with the much-needed value assurance and considerably improves the effectiveness of the currency to get used for everyday transactions.
However, while the original series remains attached to its original code, a brand-new chain grows as a brand-new variant with an entirely distinct cryptogram, according to cryptocurrency statistics.
8. Monero (XMR)
Monero (XMR) is a secured, private and untraceable open-source cryptocurrency established in April 2014. Immediately after its conception, this digital currency soon garnered high
interest among crypto enthusiasts and investors. The development of this cryptocurrency is solely for donation-based and community-driven purposes.
Moreover, it originated with a specific concentration on decentralisation and scalability and promotes widespread privacy using a different method termed “ring signatures.” With this method, a combination of cryptographic tokens appears on cryptocurrency shares. Nevertheless, the trustworthy one cannot get distributed since they all seem genuine.
EOS is another common cryptocurrency in recent times. Originated in 2014, EOS got developed by Block One, a corporation that built an open-source software identified as EOS.IO. EOS cryptocurrency tokens get employed as a payment system on the interface.
This cryptocurrency supports centre functionality that allows businesses and people to develop blockchain-based applications in a process comparable to web-based applications. Moreover, EOS confers guarded permits, authentication and access, data hosting, usage control, and communication between the dApps and the Internet.
This digital currency gets upheld by a web toolkit repository that attempts for hassle-free app development. Furthermore, EOS is seen as a close competitor to Ethereum, aspiring to be more powerful, stable, and agile.
Ripple is a blockchain-based technology that works as both a digital payment interface and cryptocurrency for economic activities. Commonly identified by its crypto token, XRP is the initial cryptocurrency for commodities created by Ripple Labs.
Its products get employed for asset transfer, debt settlement, and transmittal systems that function more like assistance for universal funds and security variations adopted by banks and financial institutions systems.
The bottom line
To summarise, we can state that investing in cryptocurrency is a high-risk venture. Also, even when there are various prominent crypto players, it is challenging to predict the best one from the cryptocurrency list above. This is why it is invariably a reasonable choice to spread risks by investing funds in more than one digital currency.
1. How to pick the best crypto exchange for yourself?
When looking for the best crypto exchange, it is always prudent to compare all the leading ones and analyse them based on their transaction charges.
2. Which cryptocurrency is best for beginners?
Even when you are a beginner, investing in Bitcoin can be the most rational decision. Given its security and higher returns, Bitcoin can preferable for beginners
3. How can I get crypto without fees?
There are numerous platforms online that can help you trade in crypto without or a low fee. Also, platforms like Unocoin can help you get the best deals on trading in digital currency.
Unocoin is India’s first and the most secure bitcoin trading app. This exchange app was founded in 2013. You can buy and sell bitcoin instantly using the Instant Buy and Sell feature. Not just this, you can also buy ETH and Sell ETH in no time. With more than eighty-seven coins listed on this best cryptocurrency exchange in India, you can also accept bitcoin from your friends from any location. You can also know which cryptocurrency works best for you with the price ticker and notifications. The most popular cryptocurrencies like Bitcoin (BTC), Ether (ETH), USDT (Tether), BNB, Ripple (XRP), Cardano (ADA), Solana (SOL), Binance USD (BUSD), Dogecoin (DOGE), Polkadot (DOT) and other popular altcoins can be traded on the go. The new Android and iOS applications make Unocoin the best cryptocurrency app. With the unique feature of the Systematic Buying Plan, you can buy and sell bitcoin and Ether periodically. What more? You can start your crypto journey using SBP for as little as INR 10. With another exciting feature called Crypto Basket, you can diversify your crypto portfolio based on market capitalisation (Market Cap) or Volume. These two excellent features make Unocoin the best cryptocurrency platform.
Love Crypto Coins. Love Unocoin.
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Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).