Bitcoin is the first successful blockchain-based currency to hit the market in 2009. The foremost digital token started from scratch and is keeping up its first position for a decade now.
While Bitcoin is the ‘Gold’ of the cryptocurrency market, Ethereum is the silver. As the second-largest digital token by market capitalization, ETH has grown exponentially in recent years.
Solana is currently planning to opt for the ‘Proof of Stake’ mechanism, which will help the platform become energy efficient and leverage faster transaction speeds.
Cardano is leveraging services for chain interoperability, voter fraud, and legal contract tracing. On the sidelines, its cryptocurrency ADA is also performing well.
Although Dogecoin was launched in 2013, its price skyrocketed only in 2021. DOGE was the first memecoin to hit the market with a Shiba Inu dog’s image featured on it.
Polkadot is also a blockchain network that is working on interoperability protocols. It connects several chains together in a single network and allows parallel transactions.
The whole motto of Ripple Company is to unleash digital scalability across the globe and reduce transaction costs associated with cross-border fund transfer.
Tether is a stablecoin, pegged to the US dollar. The idea behind Tether is to combine the benefits of cryptocurrency with the stability of a currency issued by the government.
Despite its unfamiliarity among mainstream investors, Binance Coin is the third-largest cryptocurrency in the market. BNB is the Binance Smart Chain’s native coin.
After gaining popularity in 2021, Shiba Inu is seeing growth in 2022 as well. Recently, the memecoin gained over 30% after speculations on Robinhood enlistment sparked the craze.
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