The cryptocurrency market has evolved and become mature with a tremendous portfolio of cryptos, some of them offer amazing features and others have little to no value.
So, it becomes overwhelming to make an investment choice. For this reason, we gathered a list of some well-established cryptos to consider and also some new ones with huge potential.
1. Ethereum (ETH)
It’s a reliable and well-established cryptocurrency you may consider after bitcoin. It offers many features, especially its smart contract capabilities and its ability to run decentralized applications (dApps) autonomously on a blockchain system.
Ethereum is more like an infrastructure than a currency. Its network size is tremendous and quite reliable, so you can use it to deploy private blockchain systems without reinventing the wheel.
One of Ethereum’s pros are the fees, they are volatile and quite high if we compare them to other alternatives.
2. Decentraland (LAND)
Some crypto experts suggest investing in the Decentraland coin thanks to its promising features pertaining to the metaverse world.
Decentraland allows people to create and live a metaverse experience. For example, you can create your own avatar and purchase real estate properties in the Decentraland virtual world, and you can also trade them.
The underlying technology is based on virtual reality (VR).
3. Cardano (ADA)
Cardano is backed by a reliable community of experts and users. Unlike Bitcoin and Ethereum which are PoW-based networks (proof-of-work), Cardano relies on its proof-of-stake (PoS) protocol to verify transactions, which is less energy-intensive.
So, Cardano is scalable, sustainable and eco-friendly.
4. Binance Coin (BNB)
BNB coin was introduced by Binance, one of the largest crypto exchange networks in the world. In the beginning, it was used to trade within their platform, but it evolved a lot and now, you can use it outside the platform to even make online transactions.
Early people that invested in BNB by holding a lot of assets made tons of money, because its value increased from $0.10 to more than $400.
Traders using the Binance platform can get great benefits from BNB, like discounted fees and also the ability to invest in certain start-ups and ICOs that are listed by the Binance Launchpad program.
BNB is reliable because it’s backed by Binance and also offers fast transactions with low fees.
5. Ripple (XRP)
XRP was introduced by Ripple to bring a fast and cost-effective solution to the traditional financial systems.
It’s important to know that Ripple and XRP are not interchangeable. The former is the name of the company that offers blockchain services, and the latter is the name of the crypto issued by the company. So, a partner of Ripple can use only its blockchain but not its crypto.
Having said that, Ripple is a well-established player in the crypto world and has succeeded in partnering with many financial institutions including some major banks.
The average transaction processes in five seconds which allows to build instant payment networks.
6. Solana (SOL)
At the time of writing this article, Solana has already taken a place in the top-10 cryptocurrency ranking even if it’s a newcomer. Its fees are way lower than Ethereum.
One of its biggest advantages is its ability to process a huge number of transactions per second (around 50,000) without enduring network congestion or and inflation of fees due to high demand.
Solana uses a combination of proof of stake consensus and proof of history, that’s what makes its scaling capabilities amazing.
Like Ethereum, Solana is both a crypto and a flexible platform for running decentralized apps (dApps) with smart contracts.
Please note that Solana’s official crypto is named SOL and can be used for paying transaction fees and staking.
