Cryptocurrencies have been making waves in the financial world for over a decade now. The pioneer of this new age of digital assets is Bitcoin. However, there are several other cryptocurrencies that are worth your attention.
Ethereum is the second most valuable cryptocurrency after Bitcoin, and it’s also the second most popular. It was launched in 2015 and has since gained a significant following due to its smart contract capabilities. Ethereum allows developers to create decentralised applications (dApps) on its blockchain. This has given rise to a new industry of decentralised finance (DeFi), which has grown exponentially over the past year.
Cardano is another cryptocurrency that has been gaining traction in recent years. It was created by Charles Hoskinson, who was also one of the co-founders of Ethereum. Cardano has a strong focus on security and scalability, which makes it an attractive option for investors looking for a long-term investment.
Binance Coin (BNB)
Binance Coin is the native cryptocurrency of the Binance exchange. It was launched in 2017 and has since become one of the top cryptocurrencies in terms of market capitalisation. Binance Coin is used to pay for trading fees on the Binance exchange and can also be used to purchase other cryptocurrencies.
Tether is a stablecoin that is pegged to the US dollar. This means that the value of Tether is always equal to one US dollar. Tether is used by traders to hedge against market volatility and also to transfer funds between exchanges.
Litecoin is often referred to as the “silver to Bitcoin’s gold”. It was created in 2011 by Charlie Lee, who was a former Google engineer. Litecoin is a faster and cheaper alternative to Bitcoin, which makes it a popular choice for merchants and consumers.
SafeMoon is a relatively new cryptocurrency that has been making headlines recently. It was launched in March 2021 and has since gained a massive following. SafeMoon has a unique tokenomics model that rewards holders with more tokens for every transaction made.
Chia is a new cryptocurrency that uses a unique consensus algorithm called proof of space and time. This algorithm is designed to be more eco-friendly than the proof of work algorithm used by Bitcoin and other cryptocurrencies. Chia has been gaining popularity in the crypto community due to its environmentally friendly approach.
Pi is a new cryptocurrency that is still in the development stage. It was created by a team of Stanford graduates and aims to create a more accessible and inclusive cryptocurrency. Pi uses a unique consensus algorithm that allows users to mine the cryptocurrency using their smartphones.
These are just some of the top cryptocurrencies you should know about besides Bitcoin. It’s important to do your research and understand the risks involved before investing in any cryptocurrency. There are several resources available online that can help you stay up-to-date with cryptocurrency prices and news, such as CoinMarketCap, Coin360, WorldCoinIndex, and CoinMarketCal. You should also consider using a reliable cryptocurrency exchange, such as Binance US, StormGain, Kriptomat, Gemini, or Voyager, and a secure crypto wallet to store your digital assets.