If you are unfamiliar with cryptocurrencies, the chances are that the only thing you can associate with them is Bitcoin. Bitcoin is the most used cryptocurrency today. However, there are other cryptocurrencies that you could explore that hold the same reputation in security and efficiency. Lucky for you, we have prepared a list of cryptocurrencies that you could check out.
Top Cryptocurrencies in the Market Asides Bitcoin
Here are ten other kinds of cryptocurrencies that you should look out for:
1. Ethereum (ETH)
Ethereum is among the famous cryptocurrencies on this list. With a market capitalization of over $357 billion, Ethereum is known to be favored by program developers due to the wide range of applications that its decentralized nature offers. Due to its fame, it has experienced a huge price hike of over 27,000%. From a meager value of $11.00, it has reached the price of $3,000.00.
2. Litecoin (LTC)
Litecoin is the 16th largest cryptocurrency in the market today. Being one of the earliest cryptocurrencies, it is no surprise that it is valued at around $190. Coined as the “silver to Bitcoin’s gold,” it features similarities to Bitcoin with an added advantage of faster transactions. It has a market capitalization of $4 billion.
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3. Binance Coin (BNB)
With a market capitalization hovering around $70 billion, the Binance coin is used in a variety of transactions. As it is used for payments and trading in Binance, one of the biggest crypto exchange platforms in the crypto market, it is no surprise that it is now valued at $419.00. This is over a 419,000% increase from its price of $0.10 last 2017.
4. Stellar (XLM)
Valued at $0.33 in September 2021 and with a market capitalization of $565 million, Stellar is mainly utilized in large institutional transactions. Its open blockchain network serves as a low-cost intermediary between financial institutions.
5. Cardano (ADA)
Although Cardano entered the market at a later time, it has emerged to be one of the most trustworthy currencies in the market. Through its validation process that is proof-of-stake, transactions transpire much faster.
If you are looking for an environmentally friendly cryptocurrency, Cardano eliminates the large energy consumption of the problem-solving process in verification systems; it relatively leaves a smaller carbon footprint compared to its counterparts.
6. Chainlink (LINK)
As of September 2021, Chainlink is valued at $30.50 and has a market capitalization of over $13.5 billion. Among the many use cases of its system is the monitoring of water supply pollution and illegal overconsumption of water by big companies.
7. Dogecoin (DOGE)
You have probably heard the name Dogecoin from Elon Musk and other famous names. As suggested by its name, the Dogecoin came to fruition in 2013 as a joke. Unbeknownst to many, it has grown to become a famous cryptocurrency due to the strong meme culture of this century.
Unlike most cryptocurrencies, Dogecoin boasts an unlimited number of creation codes. This makes it vulnerable to devaluation. Despite that, its value still ballooned to $0.31, a 154,900% increase from its price in 2017.
8. Binance Coin (BNB)
Binance Coin is a payment method for transactions in Binance Exchange, one of the most prominent crypto exchanges in the world. If you use Binance Coin to pay fees or make purchases in Binance Exchange, then you get to enjoy a discount in trading.
9. Polkadot (DOT)
Polkadot was launched in 2020 to change the management of cryptocurrencies. With a market capitalization of around $25 billion, Polkadot’s goal is to integrate blockchains through a cryptocurrency network.
The connected blockchains work together to hasten the process of transactions. As of August 2021, it has amassed a 774% price growth from September 2020. From $2.93, it is now valued at $25.61.
10. Monero (XMR)
Monero is an open-source cryptocurrency that is basically untraceable. It is interesting to note that this currency was developed based on donations and community efforts. Utilizing “ring signatures” for its privacy features, it has unfortunately become notorious for hosting criminal transactions. On the other hand, it has been useful in protecting the identity of dissenters of authoritarian governments.
Are You Still Curious About Which Cryptocurrency Is The Best For You?
With the effort that comes in identifying the pros and cons of each cryptocurrency, it could be in your best interest to explore sites as the Yuan Pay App mentioned earlier in the article, which serves as your launchpad in cryptocurrency markets. With Yuan Pay, you can enjoy the benefits of having a support call and a simple-to-use trading platform.