Top 5 Cryptocurrencies To Invest In Right Now

An overview of five of the most popular cryptocurrencies available today - and why investors are flocking to them.
Since its inception in 2008, cryptocurrency has grown in popularity and shown to be a viable financial possibility, with some believing that a blockchain-based monetary sector is inevitable and that cryptocurrencies will be at the heart of it. Over the last few years, there have been a large number of cryptocurrencies to choose from, which might be intimidating when you’re just starting in the crypto realm. Here are the top five cryptocurrencies by market capitalization, or the sum of all the coins currently in circulation, to help you gain your bearings.

Bitcoin
Cryptocurrency investors often prefer to preserve a portion of their holdings in Bitcoin, as the market’s performance over the last month has demonstrated. It is now possible for investors to buy bitcoin with debit card in USA, in order to make their purchases as easy and efficient as possible as the money is taken directly from your bank account, without borrowing, without interest, and with no one else having to pick up the slack.
In light of this, BTC is the nearest approximation to a blue-chip currency there is, as demonstrated by its success through difficult times. Market domination has risen by 1.1 percent over the past month, as speculative and untested currencies have lost much of their shine in the midst of the turmoil. Although BTC has been trading below the $40,000 mark for much of the year, the world’s most popular cryptocurrency is currently trading at approximately. $44,000.

Ethereum
When it comes to cryptocurrencies, Bitcoin (BTC) and Ether (ETH) are the two most well-known – and most investors have at least some of each. They both have a long history, a well-known brand name, and a loyal following. Ethereum is a distributed ledger and decentralized computing platform with smart contract capabilities.
Ethereum is currently going through a multi-year upgrade and the network’s completed second iteration will include a full rewrite and redesign. However, both ETH 1.0 and ETH 2.0 will likely exist concurrently for several years before the total migration is completed.
The Ethereum EIP1559 upgrade which took place in July 2021 introduced a base fee to Ethereum transactions that will represent the minimum fee to be paid for a transaction to be included in a block. The fee will be burnt and a mechanism within EIP-1559 will allow for the dynamic expansion and contraction of block sizes in an attempt to address Ethereum’s congestion issues.
The decentralized nature of blockchain technology, which underpins the Ethereum network, provides the network with its level of security. The Ethereum blockchain network is maintained by a massive network of computers around the globe, and any modifications to the blockchain network need distributed consensus (majority agreement) from the network before they can be implemented. To effectively manipulate the Ethereum blockchain, a person or group of network members would need to obtain control of a majority of the platform’s computational power, which would be a massive, if not impossible, undertaking.
Users of the Ethereum network may develop, publish, monetize, and utilize a variety of apps on the Ethereum platform, and they can pay for their services with ETH or another cryptocurrency. Ethereum is the No.2 most valuable blockchain, with a market capitalization of around $389 billion.

Solana
In order to facilitate the development of decentralized and scalable apps, the Solana blockchain was created. An open-source initiative established in Geneva, Switzerland, the Solana Foundation is now in charge of running the project while Solana Labs in San Francisco is responsible for the blockchain.
Compared to Ethereum, Solana is able to execute more transactions in a shorter period of time and offers reduced transaction costs. The goal of Solana is to build a blockchain that addresses the throughput and scalability issues that impact both Bitcoin and Ethereum, but without any trade-offs in terms of security or functionality.
The Solana network is powered by the SOL token which is used to interact and transact with the Solana blockchain. When first launched, Solana was often referred to as an ‘Ethereum Killer’. It seeks to challenge the incumbent centralized, legacy financial network by learning from and improving the architecture used by first and second-generation blockchains such as Bitcoin and Ethereum.
During 2021 the SOL price increased by about 12,000%. Today it is 6th largest cryptocurrency with a market capitalization of approximately US$39 billion.

FTX Token
FTX is a Hong-Kong based one-stop-shop cryptocurrency exchange that delivers derivatives, fiat-to-crypto, crypto-to-crypto, and OTC solutions for investors and traders. The native token of the exchange is FTT. Traders using FTT on FTX receive discounts on trading fees and many other perks.
The success of the FTT token is closely related to the success of the FTX exchange. Founded in 2019, FTX has already surpassed most of its competitors and is currently the world’s second largest fiat-to-crypto exchange, after Coinbase, controlling around 18% of global fiat-to-crypto trading volume. It also hosts the second-largest share of Bitcoin futures open interest in the world. Investors in FTT tokens will likely be looking to the success of exchange tokens such as Binance’s BNB and Crypto.com’s CRO coins as indicators of FTT’s potential price performance. The FTT price is currently up around 700% since January 1st 2021, making it one of crypto’s fastest growing assets to date.

Avalance
Avalanche is another ‘Ethereum alternative’ blockchain with fast transaction times and low fees. The platform has proven attractive to developers and investors because it offers builders the same functionality as Ethereum. It supports the Solidity programming language and is integrated with the Ethereum Virtual Machine. As a result of this, applications built on Avalance are completely interoperable with EVM chains, while still maintaining the sub-second transaction speeds and low fees of the Avalanche platform.
AVAX is the native token of the Avalanche blockchain. On January 1st, 2021, AVAX was the 70th largest asset in crypto, priced at $3.47 with a market cap of $267.2 million. Today AVAX is 10th on the cryptocurrency market capitalization table, and is priced at $87.92.
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