On the crypto markets like Binance, Coinbase, Kraken… you can buy thousands of cryptocurrencies and get confused if you are buying for the first time. It is very difficult for beginners to decide which cryptocurrencies to buy.
Because of that, we created this blog and we will discuss the top 10 best cryptocurrencies based on their market value so that you can invest in cryptocurrencies with confidence, but you need to know, that there is always a little risk.
Our advice for beginners is to invest as much as you can afford!
Top 10 Cryptocurrencies:
- Bitcoin
- Ethereum
- VeChain
- Cardano
- Tether
- XRP
- Doge
- Polkadot
- Solana
- USD Coin
Bitcoin:
While Bitcoin technology is pretty safe, there are some risks to consider before you make an investment. Bitcoin isn’t anonymous, the price of cryptocurrencies can be extremely volatile, Bitcoin relies on passwords, and cryptocurrency wallets are not immune to theft.
Ethereum:
Final Thoughts. Investing in Ethereum is risky, but it could potentially be lucrative. Unlike Bitcoin or Litecoin, companies are really using Ethereum as a building block – something more akin to diamonds than gold. As an investor, this is a potential win.
Cardano:
Is Cardano Safe? Generally speaking, Cardano is a fundamentally safe investment. However, just like other cryptocurrency, ADA is volatile and considered high risk by traditional standards. The team is considered reputable in the blockchain space, with founder Charles Hoskinson being a co-founder of Ethereum.
VeChain:
According to CoinSwitch, VeChain (VET) is considered a healthy investment as the price of a single token has increased over time. It is also beneficial for companies that use the VeChain blockchain, as it allows better monitoring of the supply chain.
Tether:
Tether (USDT) is the most valuable stabelcoin in the world, sporting a market capitalization of $69 billion, more than double the value of USD Coin (USDC), the next largest coin. In order to assure buyers that it is trustworthy, Tether claimed it had cash reserves equal in value to the stablecoins it issued.
XRP:
It is also very much worth investing in XRP because not only is it a smart choice in the cryptocurrency space for its differences, it is also a coin that is on the lower side at the moment. This means that there is room for it to reach higher and cross back over the $1 mark.
Doge:
While all cryptocurrencies are risky, Dogecoin is one of the most dangerous investments. Before you even consider buying, it’s important to think about how this investment may pan out over time.
Polkadot:
Since its lowest point of under $3 in August 2020, it has skyrocketed over 1,000%. This could indicate that Polkadot is a good long-term investment. You just need to decide if you’re up for the possible rollercoaster to the top. In the meantime, consider staking your DOT and earn as much as 10% interest.
Solana:
Solana has been a top performer in 2021, rising through the ranks of altcoins to become the fourth-most-valuable cryptocurrency in the world.Solana can support tens of thousands of transactions per second, while Ethereum can support roughly 13 transactions per second. Solana also has “significantly lower fees,” Trabucco says. One of the main complaints about Ethereum is its frequently high transaction fees. Ethereum still has its own advantages as well.
USD Coin:
USD Coin accounts are FDIC-insured so you can ensure your money is safe while earning interest on deposited funds via staking. It also supports 2-Factor Authentication (2FA) tokens through Google Authenticator or Authy for added security on all accounts.
