Crypto trading is a very profitable business if you know how to make a profit. But you need to choose the right cryptocurrency for profit since there are hundreds of them available. Now, some of the major and most popular ones are:
Bitcoin (BTC)
It is the top cryptocurrency in the world, and everyone has heard its name at least once. Most people know about crypto from Bitcoin and Bitcoin-related news. Now BTC was created by Santoshi Nakamoto in 2009, and this asset runs on a method called blockchain or the ledger logging transactions. This method is distributed to more than thousands of computers, and one has to pass through cryptographic puzzles to verify. That’s why it is considered the safest cryptocurrency and the real one as well.
BTC has grown tremendously, and the average public can’t think about investing in it. That is because one can buy 1 BTC at $500 in 2016. But in 2022, 1 BTC will cost you around $23,046. The growth rate is 4,500%. And its total market capitalization is $441 billion.
Ethereum (ETH)
It’s the second most popular cryptocurrency in the view of growth and popularity. Now, it is a very smart and flexible crypto asset that has many great benefits and applications. It has platforms like crypto and blockchain as well. The best thing about this asset is that it will execute if all conditions are met and NFTs (non-fungible tokens). However, this crypto has also grown a lot since 2016. It was available for $11, and now you have to pay $1,640 for 1 ETH, which makes the growth rate around 14,800%. Besides, its total market capitalization is $201 billion.
Tether (USDT)
I have included this assent in my list because this crypto asset is more stable than other ones. That is because this crypto is backed by real currencies like US dollars and euros. That makes it reliable and stable. It has a real and equal value to those currencies, and that’s why people are shifting to this crypto. Now, this asset has many applications. But investors choose this one for its stability and real value, which is more consistent than others. However, the total market capitalization of this asset is $66 billion, and it will soon grow a lot, according to to make reports.
Also Read : Ways to Set up Crypto Wallets for Storing Crypto with High Security
U.S. Dollar Coin (USDC)
It is also a major and stable cryptocurrency that is backed by the US dollar and Ethereum. However, it is a very stable currency, and 1USDC is equal to 1USD. So, it can be used for all international transactions, and people are using this crypto asset a lot nowadays. Now, the total market capitalization of this asset is $54 billion.
Binance Coin (BNB)
Binance coin is a highly popular cryptocurrency that is because you can use this one for trading and paying fees in Binance, which is the largest crypto trading platform. Now, BNB was not an exchangeable asset before 2017 and was only used to pay the fees on Binance. But, after that, it was grown and expanded a lot. It was only $0.10 in 2017 for each BNB. But now, 1 BNB is worth $284. Its total market capitalization is $45 billion.