Since the launch of cryptocurrencies, there have been inventions of many others as well. The most accepted and famous cryptocurrency is bitcoin. However, other than bitcoin, there are other cryptocurrencies as well in the market that are doing well. Among all the crypto in the market, we have chosen only 5 to put the light upon. Keep reading to know more about such cryptocurrencies.
If you are reading this article, we assume you might be interested in making some investments. If you want to know that, is crypto worth investing then this article is the perfect one for you?
First comes Stellar in the list, similar to many other blockchain-based cryptocurrencies. It offers not only a quick and secure transaction but a cross-border transaction, and it can make transactions possible between all the pairs of currencies.
Stellar (XLM) is a native cryptocurrency. All the blockchain operations in the network are powered by stellar, digital currency.
Inflation is another aspect that helped invent stellar lumens (or XLM). To try a week, take account of the annual growth and loss of stellar XLM, there is a mandatory 1% inflation every year in the stellar XLM. Every week, there happens the invention of new stellar XLMs. With the simple voting system, these new stellar lumens are being distributed each week.
- The annual inflation is fixed, which is 1% per year.
- The confirmation of transaction process takes 3-5 seconds.
- More than thousands of transactions can be happening every second.
- It creates smart contracts.
- It also creates multi-signature
Dogecoin started with a joke. It started with a picture that induces fun to people. The reason behind this is to create support for cryptocurrencies. According to the Oregon programmer Billy Markus, a lighthearted cryptocurrency may have better opportunities than Bitcoin. It is referred to only as a “joke” cryptocurrency, which is quite new. However, being new to the market cannot stop it from growing. It has reached the USD 47 billion market cap as well.
- Dogecoin is one of the biggest and most active communities in the cryptocurrency communities could be the dogecoin.
- It is an open-source digital currency.
- It works in the peer-to-peer method.
Binance coin BNB
In July 2017, the Binance exchange was launched. However, they needed to get the necessary funds while starting and running it successfully. Binance Coin is a cryptocurrency with the BNB symbol, and the Ethereum is the blockchain under which the binance BNB runs. You can use binance BNB for various usages such as listing fees, exchange fees, trading fees, and all the other kinds of fees.
- Binance BNB has the necessary support such as the VISA Monaco debit card, mobile app, pioneering payments, and cryptocurrency platform payments.
- Chances of becoming the most accepted currency of binance exchange.
Monero is a cryptocurrency that was launched in 2014. Its special feature is that it is more privacy oriented and more open-source. Opaque is the blockchain of Monero, and it makes a disguising transaction by hiding all the necessary details.
- It was launched in 2014 under the opaque blockchain.
- It has some privacy features that make everything easy for people who make a transaction on the dark web.
Here are some of the elaborated features of Polkadot-
Polkadot transfers not only tokens, but all sort of asset, and data. It carries out the transfer process of cross-blockchain.
With Polkadot, you can get the custom blockchain. From day one, you can find the utmost security in transactions. This easy to develop nature behind the Polkadot cryptocurrency takes networking to reach new heights.
Its data availability makes it easier for chains to interact with each other independently and meaningfully.
- The network is user-driven
In Polkadot, each user is independent and has a voice. The network up-gradation also reflects on the chain development, and it also tends to avoid stagnancy. Therefore, it keeps growing.
So, this was an overview of the top-rated cryptocurrencies that you can choose to invest in. No matter which form of cryptocurrency you choose to go with, make sure you do proper research and then proceed with the investment part accordingly. Happy investing!