There are over a thousand different cryptocurrencies in the world and here are the top 10 of them to stand out this year
The rise in cryptocurrencies is inevitable as people are witnessing massive changes in the cryptocurrency market over the past decade. Crypto investors have started earning high profits from investing in the cryptocurrency market in these recent years. Coming to the condition of the crypto market in 2021, both BTC and Ether shot higher, followed by thousands of altcoins getting their first taste of mainstream success. Cryptocurrencies this year have immense potential to thrive even more than 2021. Thousands of cryptocurrencies are entering the crypto market to attract the eyes of crypto investors. This article lists the top 10 crypto tokens expected to stand out this year.
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Bitcoin is a decentralized cryptocurrency that was created in 2009 by Satoshi Nakamoto, BTC is the first and original cryptocurrency. As with top cryptocurrencies, BTC runs on a blockchain, or a ledger logging transaction distributed across a network of thousands of computers. Bitcoin price was over US$57,000 last November, which is a growth of about 11,400%.
Ethereum is a decentralized open-source blockchain system that features its cryptocurrency, Ether. ETH works as a platform for numerous other cryptocurrencies, as well as for the execution of decentralized smart contracts. ETH has been at the forefront of a blockchain smart contract platform. The price of ETH has witnessed tremendous growth of about US411 to over US$4,700 that is about 42,000%. It is one of the top 10 cryptocurrencies which is expected to stand out this year.
The best cryptocurrencies may use any number of blockchains, Polkadot aims to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together. Between September 2020 and November 2021, it grew about 1,300% from US$2.93 to US$38.61.
Uniswap is a crypto exchange protocol that operates on a decentralized basis. Using smart contracts, the protocol allows for automated transactions between cryptocurrency tokens on the ETH blockchain.
Binance Coin (BNB)
The Binance Coin is a form of cryptocurrency that can be used to trade as well as pay fees on Binance, one of the largest crypto exchanges in the world. The coin was launched in 2017 and can be used for trading, payment processing, or even booking travel arrangements. Binance Coins can be traded and exchanged for other top cryptocurrencies even such as ETH and BTC.
XRP was created by the same founders as Ripple, which is a digital technology and payment processing company. XRP is used to facilitate the exchange of different currency types even including the top cryptocurrencies and fiat currencies. Since 2017, it grew up to 16,666% until last November.
Litecoin was launched in 2011 was one of the first top cryptocurrencies to follow in the footsteps of Bitcoin. It is also referred to as the ‘silver to Bitcoin’s gold. This is the best cryptocurrency that is based on an open-source global payment network that is not controlled by any central authority and uses Scrypt as a PoW. Even though Litecoin is like Bitcoin in many ways, it has a faster block generation rate that can confirm the transactions much faster.
Tether is not like the cryptocurrency, USDT is a stable coin that is backed by fiat currencies such as U.S dollars and the Euro. Tether’s value is supposed to be constant with the other cryptocurrencies and it is favored by investors who are wary of the extreme volatility of other coins.
Solana is one of the top cryptocurrencies that could touch new highs in 2022 in the digital wallets of crypto investors. This cryptocurrency is known for effective, fast, and censorship-resistant blockchain for global adoption. It is expected to have a long-term increase in the cryptocurrency price this year with a promising future. Solana has been a top performer in 2021, rising through the ranks of altcoins to become the fifth-most-valuable cryptocurrency in the world.
Chainlink’s decentralized oracle network offers tamper-proof inputs and outputs for complex smart contracts on any blockchain. The crypto integrates third-party data into smart contracts. While smart contracts on ether respond to other asset rates, global events, and API calls, smart contracts in LINK are made smarter as it only responds to activities on its network. It is one of the primary data sources used to feed information to Defi applications.