The Top Cryptocurrencies You Need to Invest in Today
The crypto scene is constantly changing and developing. Since all cryptocurrencies serve specific functions, many of the new ones coming into the spotlight provide conveniences or solutions to common problems.
As an investor or trader, knowing which cryptocurrencies are gaining a lead in popularity can be a big help. We want you to make the right and best investments. Thus, we’ve compiled a list of the top cryptocurrencies that will return your investments.
Cardano (ADA)
Cardano is an actively developing project, so investing in ADA would be a smart move now. With a market cap of US$26 billion, it is widely popular for its proof-of-stake validation mechanism called Ouroboros. Cardano aims to redistribute power from unaccountable structures to the margins and be the most environmentally sustainable blockchain platform. Ouroboros opposes the energy-intensive proof-of-work system that Bitcoin and Ethereum currently use.
Another intention of Cardano is to enable smart contracts with future applications of governance and quality control of the supply chain. One of its main short-term solutions is to meet the needs of the million unbanked people in African countries.
This Cardano price prediction 2025 can tell you more about the blockchain platform’s odds in the next few years.
You need to know that you can trade the price changes of an asset without really owning it by engaging in contract for difference (CFD) trading.
When you engage in business through the medium of an exchange, you are required to have a counterpart on your end of the transaction.
If you want to purchase something, you need to find someone who is willing to sell it to you at the price you want, and if you want to sell something, you need to find someone who is willing to buy it from you.
Ethereum (ETH)
Ethereum is a cryptocurrency and blockchain platform that’s favored by program developers. One of its potential applications is smart contracts, programs that automatically run when predetermined conditions are met. Ethereum also helps run the deployment of decentralized applications (dApps), voiding third-party interferences.
Considering its rich potential in DeFi and its token’s value, it’s never too late to hop on the ETH investment bandwagon. Remember, Ethereum has the second-largest market cap today, standing at US$333 billion after Bitcoin’s market cap of US$723 billion.
Binance Coin (BNB)
Next on the list is another young cryptocurrency, the Binance coin. With a strict maximum of only 200 million BNB tokens, Binance launched the cryptocurrency in 2017 during an Initial Coin Offering event.
You can use BNB to trade and pay fees on Binance, book travel arrangements, pay for online services, and exchange other cryptocurrencies. One of BNB’s top features is that it has one of the lowest transaction fees. With Binance, you pay only 0.1% to complete a trade or pay a bill.
XRP (XRP)
XRP can facilitate exchanges of various currencies (fiat and cryptocurrencies) on Ripple, a digital technology and payment processing company. This cryptocurrency serves as a transitional mechanism of exchange between currencies or networks.
Another benefit of buying XRP now is that it’s on the lower side of the typical coin price. Thus, the cryptocurrency has room to reach a higher price and get you a larger ROI.
Terra (LUNA)
Terra has two tokens, TerraUSD and LUNA. In this case, we’re referring to the latter, the cryptocurrency that absorbs volatility. Its function is to keep each stablecoin at the target price, making it one of the best investments for DeFi investors. The Terra network incentivizes token holders to convert LUNA to TerraUSD if the rising demand for the latter pushes above US$1, and vice versa.
Today, the LUNA blockchain is the second-largest DeFi ecosystem after Ethereum. It has two notable products, Anchor and PaywithTerra. These DeFi products are built on a highly scalable blockchain designed to one day replace traditional savings solutions. With PaywithTerra and Anchor, the demand for Terra stablecoins increases, also affecting the demand for LUNA.
Tether (USDT)
Another stablecoin is Tether. As a stablecoin, it’s the perfect choice for investors who don’t want to risk the volatility of other coins or tokens. It also provides liquidity in a volatile market where converting between cash and cryptocurrency is difficult.
Another benefit of investing in Tether is that you can send it globally at any time with lower fees than through transfers with financial institutions and traditional banks. Buying USDT is a great starting choice for new cryptocurrency investors. Plus, converting BTC into Tether is cheaper and quicker than BTC to the US dollar.
Bitcoin (BTC)
Considering its wide use, size, and reputation, Bitcoin remains at the top of the list of cryptocurrencies to invest in. It’s one of the more challenging cryptocurrencies to get, but investing in BTC can be worth it.
The top reason for investing in Bitcoin is its security. Did you know that cracking Bitcoin’s cryptography is impossible? There are more plausible private keys for Bitcoin than atoms in the universe.
Conclusion
Today, the top cryptocurrencies you should consider investing in include Cardano, Binance Coin, and XRP. Stablecoins like Tether and Terra are the safest options for those who want to avoid the risks involved with more volatile cryptocurrencies. Well-established and highly-valued cryptocurrencies like Bitcoin and Ethereum are always excellent investment options.