- Top 10 crypto for 2022; explain like I’m 5
Just now·3 min read
Yes, we always try to find something trending on the internet. So I got you the top 10 cryptos coins according to their market cap explained their use case in 1 liner
Image credits: Analytics Insight
Bitcoin is a digital currency that operates free of any central control or the oversight of banks or governments.
Marketcap: $775.40 billion
Ethereum enables the deployment of smart contracts and decentralized applications (dApps) to be built and run without any downtime, fraud, control, or interference from a third party.
(To understand smart contracts in simple terms, Click here)
Marketcap: $398 billion
Binance is the world’s largest crypto trading platform, Binance was created as a utility token for discounted trading fees in 2017.
Marketcap: $80 billion
Tether (USDT) is one of the most valuable stablecoin, a type of cryptocurrency which aims to keep cryptocurrency valuations stable.
Marketcap: $63 billion
Solana is a blockchain platform designed to host decentralized, scalable applications. Crypto folks love Solana for its low gas fees when compared to Ethereum.
Marketcap: $53 billion
Cardano tokens can be used to pay for services on the network, or they can be bought or sold with U.S. dollars. ADA is an energy-efficient process, which is seen as far more eco-friendly than the likes of Bitcoin.
Marketcap: $42 billion
XRP is the native cryptocurrency for products developed by Ripple Labs. Its products are used for payment settlement, asset exchange, and remittance systems.
People claim that banks are still working with ripple labs, this is the reason XRP is still trading in good volumes.
Marketcap: $37 billion
Terra is a stable coin that is intended to reduce the volatility native to cryptocurrencies like Bitcoin.
Marketcap: $29 billion
Polkadot enables cross-blockchain transfers of any type of data or asset, not just tokens.
Developers can link blockchains to the Polkadot system and even create entirely new blockchains.
Marketcap: $26 billion
Avalanche is essentially a network of blockchains, allowing for users to create custom, specific blockchains to meet their needs
Marketcap: $23 billion
Why did I share this here?
To know your environment about crypto. Which coin did you invest, please drop a reason why did you buy that coin (Comment down)
Cryptocurrency is the most volatile market, Analyze and take full knowledge about gas fees, returns, and much more before investing.
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Thank you for reading. Have a great day
- Date of publication:
- Sat, 01/15/2022 - 03:25
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