What are the top 7 Cryptocurrencies that you must know about?

One of the new gen currencies is certainly not the fiat ones. Instead, digital currencies, which are popularly known as cryptocurrencies have been ruling the trade market these days. In the initial stages, the story based on the reality and fame of cryptocurrencies were not in the heights. However, with passing time, it has managed to make a secure place in the hearts of the people. People started investing into cryptos after 2012 but the real growth occurred in the last few years, especially after the internet boom that assured internet access to everyone irrespective of their caste, creed, income, age, gender, nationality, and more. Though the crypto market is very much on the positive side, it is still not any closer to the stocks. But you cannot ignore the emergence and the impact of cryptocurrencies in different economies across the world at all. Trade Cryptos stable coins, bitcoins and other coins on the most trusted platform Immediate Edge.

Top 7 cryptocurrencies 

Investors mostly retailers are interested in crypto currencies and are making good profit from their investments regularly. If you keep a close watch regularly on the crypto market, you can definitely secure profit in both short and long term investments. Anyone looking to invest into the cryptos, must know about the following cryptos- 

Bitcoin 

The most popular and highly used crypto that was the first to hit the market is still at the top in this list. Besides the high return it offers, Bitcoin is also quite volatile and can cause severe loss as well if not invested in the right time. Bitcoin is finite as well which assured the investors that there is no more than 21 million bitcoins ever. It also uses a proper blockchain technology for better and secure transactions. 

Ethereum 

Another cryptocurrency with blockchain platform is quite popular as well, especially because its compatibility with other applications for the developers. Though it came into the market much later in 2016, but in the past 6 years it has created a huge impact in the crypto market.
It only faced low in the journey when the market faced overall loss at the end of last year. It is not only a decentralized platform but also a decentralized applications system. 

Tether 

This is different as it is hypothetically similar to regular denominations like US dollars or the Euro by value. It is a popular stablecoin. This means it is backed by fiat currencies like dollars, rupees, and euros. In practice all these information suggest that the value of Tether is much consistent compared to other cryptocurrencies active in the market. So, if you are concerned about volatility of cryptos, you can easily invest into this currency for lesser risk. 

Binance Coin

Related to the popular pay and exchange platform Binance, Binance coin has successfully managed to become one of the most talked cryptocurrencies among all. You can easily pay and trade over the platform using this coin. This coin also has a blockchain technology using which the decentralized Binance exchange operates. Investors know well that in terms of exchanges and trading, this coin is not only popular but quite regularly used in the crypto markets globally.

XRP 

Created in 2012, for exchange of fiat and crypto currencies, this currency is a payment system. Ripple, a digital payment processing company came up with this interesting currency that can be used as a network that will facilitate exchanges in different platforms as well. In the last five years, the rise of this particular currency is unbelievable and cannot be matched very time soon. 

Cardano 

A well-crafted cryptocurrency with the inputs from engineers, crypto experts, and mathematicians, has come into existence with research-based outcomes. The team of experts created the blockchain after long research and experimentation. The experts have also worked on different applications of blockchain technology to bring this result. It is said to be more powerful that Ethereum due to strong blockchain, and quite prominent comparatively. 

Solana 

Known for secured and quick transaction over a proof-of-stake and proof-of-history mechanism, this cryptocurrency is powerful for transaction platforms. Launched much later in 2017, it has experienced a growth of more than 1300% in the recent times that is fabulous. This particular blockchain is designed to facilitate the decentralized applications. It is in direct competition with Ethereum and much less costly than it. 

These are the quick details of the top seven cryptocurrencies currently working in the market. If you are new to the crypto market or you are looking to invest into some new cryptocurrencies, these basic details can help you in making the right decision.