Solana – Is positioned in the sunrise sector of decentralized finance (DeFi) solutions, with 368 dApps built on top of it. That is because it is a ‘stablecoin’ which is used to buy and sell other cryptocurrencies. Tether – Uniquely in the crypto world, a significant rise or fall in this currency’s value would be seen as a failure. Like company dividends on stock, it is able to justify stronger prices over time, as it has gathered real-world uses, from farm supply chains to fighting retail plagiarism. Ether is what you need to take part in high-value trades including non-fungible tokens (NFT).Ĭardano – Claims to be more friendly to the environment, than other currencies. It has pretty much fallen into the slot of an asset you buy for the long term.Įthereum – Introduced innovations to the blockchain, and became a platform for other applications it is the silver to Bitcoin’s gold. Having a deeper understanding of currencies, would give you a better chance of making an informed decision.ĭo your own research (DYOR) - Here’s what to look for:Īge and enthusiast trust – The community that rises around a cryptocurrency and the trust it reposes in it makes all the difference between a currency that reaches the top of the charts, or one that sinks with no trace.īitcoin – Continues to dominate and gain ground against other cryptocurrencies, being the oldest that has survived since a decade. Specific cryptocurrencies are more suited to specific needs, such as for investors, application developers, day traders, and so on. There is no one size fits all formula and deciding which cryptocurrencies to invest in varies depending on the risk appetite of one person versus another. Investors looking to enter the cryptoverse have a number of questions to address - whether to buy a lot of one currency, divide their money between two different cryptocurrencies, or participate in the movement of multiple currencies. Band Protocol (BAND) Band protocol is a cross-chain data oracle network that aggregates and connects real-world data and APIs to smart contracts.
Not all of them are equally desirable of course, just as not all of the real world’s currencies are on the same footing. There are over 6,500 cryptocurrencies at last count.
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