Written by Nezwan Helmy
Right now there are a number of popular cryptocurrencies available, and many of these assets have seen substantial price increases over time. Cryptocurrencies have soared in value over the last few years, as a new generation of internet enthusiasts have devoted their time and resources to developing and marketing new crypto products and services, eager to capitalise on the potential of a globally-connected digital network.
Out of various cryptocurrencies that have consistently led market capitalization charts, a number of them which are outlined below, may be great choices for long-term investments due to their relative stability:
Bitcoin is the most widely used and preferred cryptocurrency, as well as being the oldest and most familiar. Even people who are not part of the crypto craze will know what BTC is.
Despite the fact that hundreds of different cryptocurrencies exist nowadays, Bitcoin still accounts for more than 40% of the total cryptocurrency market capitalization. Bitcoin will likely continue to dominate the cryptocurrency industry, regardless of whether its price rises or falls.
Compared to Bitcoin, Ethereum is more than just a digital currency. ETH is a network which allows developers to create their own cryptocurrency by using the Ethereum network. Whilst Ethereum is much less valuable than Bitcoin, it is significantly more valuable than other rivals.
In 2021, ETH’s price rose similarly to that of Bitcoin. Ethereum also made headlines when a piece of digital art sold for more than 38,000 ETH (50 million GBP) making it the world’s most valuable non-fungible token (NFT).
Binance Coin ($BNB)
Since 2017, Binance Coin’s value has continuously risen, and due to its success, Binance Coin has established itself as one of the most secure investment options with little risk.
Binance Coin began as an Ethereum ERC-20 token before upgrading to being the currency of Binance’s own blockchain. If you are currently using Binance, then BNB is no stranger. One benefit of Binance Coin is that its users may receive a reduction on transaction costs on the Binance Exchange.
BNB may also easily be exchanged or traded for Bitcoin, Ethereum, Litecoin, and any other cryptocurrencies.
Cardano’s value has risen by more than 1500% on a year-to-date basis. Without a doubt, ADA is, and will be, one of the top-performing cryptocurrencies in the near future.
Although one may argue that BTC and other major cryptocurrencies raised Cardano’s price artificially, the truth is, it has been favoured by many crypto investors due to its good prospects; it offers smart contract functionality that is available as an open-source project, and as a result, developers can utilise it to build decentralised apps that are easily accessible from anywhere.
This year, Uniswap’s price trend has been very favourable; UNI has beaten many other DeFi currencies and the token has risen almost 800 percent since early 2021.
Despite the token’s recent decline in value, investors continue to flock to the Uniswap market due to the project’s solid fundamentals. It’s worth noting that Uniswap also allows users to trade cryptocurrencies without the requirement for a cryptocurrency exchange account too.
Tell Us Your Thoughts!
In your opinion, is there any other cryptocurrency that should be on this list? Tell us in the comments below.