Introduction
There are several alternatives available in the realm of cryptocurrencies. With so many different coins and tokens on the market, it can be hard to know which ones are worth investing in. Fortunately, there are a few ways to tell which cryptos are highly rated and which ones aren’t. In this blog post, we will explore five cryptos that are highly rated by users and experts alike. From Bitcoin to Ethereum, these are the coins that you should be keeping an eye on. It handles all the coins/tokens displayed on the investment and trading website of bitcoin-profitapp.com.
Bitcoin (BTC)
Bitcoin is the most widely known cryptocurrency. It was founded in 2009 by an unknown individual or a group of people under the pseudonym Satoshi Nakamoto. Bitcoin is a decentralised virtual currency, which means it is not controlled by any government or financial organisation. Transactions are verified by a network of nodes and recorded in a publicly accessible ledger called a blockchain. Bitcoin can be bought, sold, or traded on exchanges like other currencies and can also be used to purchase goods and services.
Ethereum (ETH)
After Bitcoin, ETH is indeed the second-largest cryptocurrency as per market valuation. And it’s had an even better year-to-date performance, up over 3,000% in 2020.
Investors are bullish on ETH for a few reasons. First, Ethereum’s smart contract functionality is being used more and more by companies and developers. Second, the launch of ETH 2.0 should help improve scalability and performance issues that have plagued Ethereum in the past. Finally, DeFi (decentralized finance) applications built on Ethereum are exploding in popularity.
So if you’re looking for a top-performing cryptocurrency with real-world utility, Ethereum is a great option to consider.
Tether (USDT)
Tether is one of the most popular and well-known cryptocurrencies in the world. USDT is used by traders to store value and avoid volatility. It is also used to trade other cryptocurrencies on exchanges.
Tether is backed by real assets, including USD, EUR, and GBP reserves. The company behind USDT, Tether Limited, claims that each USDT token is backed by one dollar held in reserve. However, there has been controversy surrounding Tether Limited and whether or not it actually holds enough assets to back all of the USDT in circulation.
Despite the controversy, Tether remains a popular choice for those looking for a stablecoin. It is one of the largest cryptocurrencies by market capitalization and is available on a variety of exchanges.
Binance Coin (BNB)
Binance is one of the world’s largest cryptocurrency exchanges and allows users to trade over 150 different cryptocurrencies. BNB was created to fuel the Binance exchange and has since become one of the most popular cryptocurrencies.
BNB currently has a market cap of $2.8 billion and is ranked as the 21st largest cryptocurrency by market cap. BNB has a total supply of 140 million tokens and a circulating supply of 113 million tokens. The current price of BNB is $24.50.
Binance Coin can be used to pay fees on the Binance exchange, which gives it a discount compared to other currencies. BNB can also be used to purchase goods and services on the Binance platform, such as listing fees for ICOs. In addition, Binance offers a burn program where they buy back and destroy BNB each quarter, which reduces the total supply of tokens and creates deflationary pressure.
BNB has been one of the best performing cryptocurrencies in 2018, gaining over 300% since January 1st. The strong performance is due to continued growth of the Binance exchange as well as increasing mainstream adoption of cryptocurrency.
Cardano (ADA)
Cardano is a blockchain-based cryptographic protocol platform that uses a proof-of-stake consensus process. Charles Hoskinson, the co-founded Ethereum, established Cardano in 2015. Cardano is developed by Input Output Hong Kong (IOHK) and its research arm, the Cardano Foundation.
Cardano is often referred to as the “Ethereum of Japan” because its development team is based in Tokyo. IOHK has also been working on a number of other projects in the cryptocurrency space, including EOSIO, Dash, and Ethereum Classic.
Cardano’s native currency, ADA, is currently ranked in the top 10 cryptocurrencies by market capitalization. Upon that Cardano ecosystem, ADA can be utilized to receive and transmit payments. ADA can also be used to stakeCardano’s proof-of-stake consensus algorithm. staking rewards are earned by ADA holders who vote on proposals to improve the Cardano network.
Conclusion
Overall, these five cryptos are highly rated by users and experts in the crypto world. They offer a lot of potential for growth and have a lot to offer investors. With that said, it is important to do your own research before investing in any crypto, as the market is always changing and there are no guarantees. But if you’re looking for a few good options to invest in, these five should definitely be on your radar.
