There are thousands of different cryptocurrencies in the market today, from Bitcoin and Ethereum to Doze and Tether. All these crypto -currencies have their advantages and disadvantages. We have mostly heard the names of some popular cryptocurrencies such as bitcoin, ethereum, shiba inu doge etc. But in today’s article, we will know about Top 10 crypto currency in which you can invest in 2023.
We have selected Top 10 crypto currency on the basis of its popularity, stability and market cap. We often choose wrong things due to lack of knowledge, which only hurts us later. A similar situation is with cryptocurrency. The crypto market is very turbulent. Here the price always fluctuates. Before investing in cryptocurrency, read all the financial risks associated with it at once.
Table of Contents
Bitcoin (BTC)
Bitcoin is a digital currency that is free from any central control or monitoring by banks or governments. It relies on peer-to-peer P2P software and cryptography. Bitcoin can currently be subdivided by seven decimal places. One thousandth of a bitcoin is known as a milli and one hundred millionth of a bitcoin is known as a satoshi.
Bitcoin is the first and most widely recognized digital asset. It was launched anonymously by NICHE GROUP OF TECHNOLOGISTS in January 2009. Bitcoin is now a globally traded financial asset, with daily settlement volumes measured in the tens of billions of dollars. In June 2021, El Salvador became the first country to mandate it as a legal tender. A crypto exchange is required to buy bitcoin. This is why we cannot keep deposits in any bank or vault. This requires a special type of blockchain wallet, so it is important to know the correct storage and security measures.
Ether (ETH)
It is a decentalized, open source blockchain with smart contract functionality. It is the native cryptocurrency of the platform. It is second cryptocurrency after Bitcoin. Anyone can use it to create secure digital technology. ETH is a token designed for use in a blockchain network, but it can also be used as a form of payment for work done on the blockchain. Ethereum is like a marketplace of financial services, games, social networks and other apps that take care of your privacy.
Binance Coin (BNB)
Binance Coin is a cryptocurrency. Which can be used to trade and pay fees on the Binance crypto exchange. It is one of the largest crypto exchange in the world. It is used on payment transaction Binance chain as Travel Bokking, Entertainment, Online services and Financial services etc.
Filecoin (FIL)
Filecoin is an open source, public crypto currency and digital payment system. Which aims at a blockchain-based cooperative digital storage and data disclosure method. Filecoin includes a blockchain and native cryptocurrency. In this, users pay to store their files on storage providers. Storage providers are computers that are responsible for storing files and proving that they have stored files correctly over time. Juan Bennett is the inventor of the IPFS file system.
Solana (SOL)
It is a Blockchain platform. Which is designed to host decentralized, scalable applications. It is a very fast growing blockchain. In this, the token itself is its original crypto currency. It is used to pay transaction fees. It was launched in 2017 and since its launch, Solana has become one of the largest cryptocurrency in the world. It is also called Ethereum because it has similarities to Ethereum. The founder of Solana is Anatoly Yakovenko.
USD Coin
It is a digital currency that is fully approved by the assets of the US dollar. It is also known as stable coin, which is available 24/7 and runs at internet speed. Which was created by Circle and Goldman in 2018. It has plenty of liquidity and low price volatility.
Tether (USDT )
It is a stable currency with no volatility. It is directly links to the price of the American dollar or the euro. In 2014, the company Tether Limited Inc was launched by Its symbol is USDT.
Cardano (ADA)
ADA is the cryptocurrency for the Cardano blockchain. This is proof of stake blockchain.it is use to pay transaction fees. Cardano is known as ADA. The Cardano coin ADA is named after the 19th century mathematician ADA LOVELACE, known as the first computer programmer. Cardano is considered superior to ETHEREUM, as the Cardano blockchain was launched on 2 October 2017 by Charles Hoskinson, a co-founder of Ethereum.
Litecoin (LTC)
It is a cryptocurrency that was invented in 2011 using a copy of the bitcoin source code. It can also be called another form of bitcoin. It is one of the altcoins. Which is used to refer to every cryptocurrency other than the market leader bitcoin.
DOGE Coin (DOG)
DOGE is a peer to peer and open source cryptocurrency. It was started on December 2013 by Jackson Palmer and Billy Markus. Most notably, it started as a joke based on a popular meme featuring the Shiba Inu Japanese dog. The logo of the image of a dog is made on its coin. Dodgecoin can be used to make payments and purchases. Its blockchain can process about 30 transactions per second, which is much more than bitcoin. For some time, due to the dog image logo made on its coin, their price has been falling.
