These cryptocurrencies can be considered making them a part of your cryptocurrency portfolio.
Cryptocurrencies are growing at a fast pace and steal the limelight and establishing their place in the market. After a hectic slow down due to various economical factors and many more. However, the market has started picking up.
Moving on, this is the list of potential contenders that can be a part of your portfolio.
Note: This post is not a piece of financial advice, this is only for educating readers about the current market trends.
Market Capitalization: Over US$651.89 Billion
Bitcoin was created by Satoshi Nakamoto in the year 2009. Bitcoin is a decentralized digital currency that can be sent from user to user on the peer-to-peer bitcoin network without the use of intermediaries. This being the largest cryptocurrency with the highest market capitalization gets attracted more. Though the downfall that Bitcoin faced in June the market is now gaining momentum and is currently trading at US$34,736.15
Market Capitalization: Over US$278.01 Billion
Ethereum is a decentralized software platform that allows Smart Contracts and decentralized app to work without third-party downtime, theft, control, or intervention. After Bitcoin, it is the second-largest cryptocurrency in terms of market capitalization. Ethereum also had a rough phase in June the price came down to US$1,733, since July it has started growing and is currently trading at US$2,386.34
Market Capitalization: Over US$16.92 Billion
Polkadot is a one-of-a-kind proof-of-stake cryptocurrency that aims to provide blockchain interoperability. Its protocol links permissioned and permissionless blockchains, as well as oracles, allowing systems to interact under one roof. Polkadot aims to make creating and connecting decentralized apps, utilities, and organizations easier. While it was trading in the range of US$20-US$25 in June, it slashed down to US$13. In July, it started picking up and it is priced at US$16.82
Market Capitalization: Over US$46.05 Billion
Cardano is a cryptocurrency network and open source project with the aim of creating a public blockchain platform for smart contracts. This cryptocurrency deserves every bit of your attention for the fact that in addition to offering sustainability solutions for decentralized applications, systems, and societies, it promises the investors of unmatchable security. This coin is currently priced at US$1.44
Market Capitalization: Over US$11.82 Billion
Uniswap is a decentralized finance protocol that is utilized to trade cryptocurrencies. Uniswap is one of the highly growing cryptocurrencies. The name of the company that created the Uniswap protocol is also Uniswap. It has gained 7% as of yesterday and is currently trading at US$ 23.14
Market Capitalization: Over US$ 9.46 Billion
Solana is seen as a competitor to Ethereum, which today is the largest blockchain platform for decentralized projects and applications. Being launched last year Solana however, is faster and cheaper than Ethereum for executing transactions. Currently, Ethereum carries out 15 transactions per second whereas, Solana carries out 50,000 transactions per second. Though less heard, Solana empowers decentralized app (DApp) creation. It is currently trading at US$ 35.15
Market Capitalization: Over US$ 62.66 Billion
Tether, previously known as Realcoin, was launched in 2014 and is one of the first cryptocurrencies to be pegged to the US dollar. Tether is considered as one of the safest cryptocurrencies to invest in, it has always been the safest choice of safe players. Investing in the same would be worth it, and is priced at US$1.00
Market Capitalization: US$ 31.02 Billion
Ripple is a cryptocurrency and a digital payment network for financial transactions that was first released in 2012.XRP is used with a network of validation nodes rather than a blockchain, as the company started with a blockchain-based system. The reason for the growth of this coin is due to winning the lawsuit against the Securities Exchange Commission (SEC). Ripple is currently trading at US$0.659
Market Capitalization: US$7.27 Billion
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem. Polygon because of its advantages over ethereum it has been successful in getting recognition by crypto fans. Right from the speed to the security, this cryptocurrency has won the hearts of many. It is currently trading at US$ 1.16
Market Capitalization: US$ 30.75 Billion
Dogecoin is a cryptocurrency that was founded as a joke by software programmers Billy Markus and Jackson Palmer, who wanted to make fun of the rampant cryptocurrency speculation of the time. SpaceX announced a Dogecoin-funded rideshare journey to the Moon, making it the first cryptocurrency-funded space trip. With the potential to outshine Bitcoin as far as processing the payments is concerned, this meme coin has every reason to make it worth an investment. It is currently trading at US$ 0.236503
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Dislcaimerthis news and reviews blogs are only to educate, inform and deliver information to the public and is not an investment advice. Nothing should be taken as an offer to buy, sell or hold any cryptocurrency