7 Most Popular Tokens to Invest
Background
In the emerging world of crypto, there are multiple coins in which the investors can safely invest. From Bitcoins to Dogecoins, the investor has various options to pick and choose from multiple categories. We have compiled the 7 most famous and top most invested tokens for you in 2022.
Bitcoin
Bitcoins, originated by Satoshi Nakamoto in 2009, are the most popular and widely used cryptocurrency across the globe. Also known as BTC, it works through a blockchain or a sequence of ledgers by which transactions are conducted with the help of multiple computers at work.
Bitcoin is one of the safest coin to invest in because it has massive profit potential. Also, its value and price have increased massively, and currently, the price of a single bitcoin is approximately $30,000 at the time of writing this.
Ethereum
Denoted as ETA, Ethereum has a dual function: it acts as a cryptocurrency and a blockchain platform. Moreover, it has an NFT function with mean non-fungible tokens that are automatically executed when certain specified investment conditions are met.
Ethereum has experienced tremendous popularity and growth. It has generated a market revenue of about 415 billion US dollars. Today, Ethereum is about $2000, and its value is increasing with every passing day.
Tether
It is one of the most stable coins in the world of e-coins. It is a fiat currency which means that its value is equivalent to US dollars or Euros and fluctuates according to the rise and fall of these denominations.
It also implies that Tether's value is more consistent with the real currency market. The price does not increase or decrease overnight; instead, it is pretty static and syncs to the international market that deals in dollars and euros. That makes it a perfect coin to invest in by the marketers. Furthermore, It has a market capital of over 79 billion dollars.
Binance Coin
Binance is one of the leading platforms for exchanges worldwide. It has its currency in which it deals, known as Binance coins. All sorts of trading and fee-paying are done through these coins.
With time it has increased its trading range, and now investors can make any payment or even make investments in restaurants and travel companies. Other kinds of cryptocurrencies can also be exchanged with it.
The most commonly exchanged cryptocurrency with Binance coins are Ethereum or Bitcoins. In the beginning, its price was only $0.10, but now it has a price of around $299.
U.S.Dollar Coin
As the name implies, the US dollar coin is back top with US dollars and has generated a market revenue of over 53 billion dollars. This stable coin can be used to complete any global transactions as it has a directly proportional relationship between 1 USD and 1 USDC.
The coin Base company behind USDC is Bitmain which makes transactions white easy as the user sends US dollars in exchange for USDC. Once the exchange is made, a substituted US dollar equivalent is stored in a reserve while new coins are mined.
Solana (SOL)
Solana is a native token that gives power to Defi (Decentralized Finance). It uses decentralized apps and smart contracts with the backlog of a hybrid proof of stake and proof of history mechanism.
With its help, the financers can make fast and secure transactions. It is pretty new in the market as it was recently launched in 2020. Yet it has a market capital of 44.5 billion dollars. Currently, its price in the market is around $55.
Final Note!
The above mentioned coins are your amazing options to invest in cryptocurrency. Also if you are looking for ways to Transfer Crypto to a Local Crypto Exchange then you can go to local exchanges in UAE like Bitosis.