1. Polkadot (DOT)
Polkadot is the first cryptocurrency on the market that uses a unique proof-of-stake and can act as a bridge between other blockchains. By using this platform, different blockchain can work together under one roof. Developers can create their own blockchain, but they have to be careful about the security because Polkadot is not responsible for the security of their blockchain. As the number of blockchain that can participate in this cryptocurrency increase, the more secure it will be.
2. Bitcoin Cash (BCH)
Bitcoin cash is the most important coin in the market. Because it was the first that has been created as a hard fork of the original Bitcoin. As there have been so many disagreements and debates between developers and Minors, they have decided to create a different blockchain called bitcoin cash. It was created in 2017. The size of each block in the Bitcoin network was limited. Bitcoin Cash increases the block size from 1 MB to 8 MB. Furthermore, the transaction is the speed in this new blockchain increased.
3. Stellar (XLM)
Stellar is an open blockchain network that has been created to offer a solution to financial institutions. We can use this platform to propose large transactions. In fact, large transactions between institutions and banks would text several days, and there are so many intermediaries and expenses to be paid. By using this open blockchain, institutional transactions can be without using a third party.
ChainlinkIs a decentralized oracle network that bridges the gap between smart contracts and the information outside of the network. By using this network is smart contracts can access outside data. There are so many use cases for this network. But the most important thing is that it can be used to monitor water pollution. Using the outside data, smart contracts can be applied and send information to those who are responsible for the pollution.
5. Binance Coin (BNB)
Binance Coin is the native token of Binance exchange. It can be used to pay the fee for confirming transactions. Users that have this token can trade at a discount.
6. Tether (USDT)
Tather is one of the first and most popular stablecoins in the market. It was created to act as a currency that is backed by the dollar. People who are not sure to buy cryptocurrency but at the same time have a tendency to be a part of this market can use stable coins as a representative of the dollar in the digital world. Tether’s price is in direct relation to the price of the US dollar.
7. Monero (XMR)
Monero is the last cryptocurrency we are going to talk about. It was created to provide a secure private and untraceable currency in the market. It was launched in 2014 and soon gathered a lot of attention. By using this cryptocurrency, you are going to experience complete anonymity.
Because it is impossible to track a Monero transaction, it has developed some ugly reputation because criminals use this coin to operate around the board. But the purpose of cryptocurrency was to design a decentralized and peer-to-peer network, and one doesn’t have to reveal his true identity. So monero is a complete devotion to the original scenario.
In the end
Investing in cryptocurrency is a good way to make sure you’re having the upper hand in the future. But choosing the right cryptocurrency can be tricky because there are more than 7000 different cryptocurrencies on the market.
In this article, we had talked about the top 10 cryptocurrencies on the market based on market cap. Make sure you know everything about critical races before choosing the right one. Learn more and become a professional trader.