1) Nano
2) Zcash (ZEC)
3) Cardano (ADA)
4) Litecoin (LTC)
5) USD Coin (USD)
1) Nano
The next worthy cryptocurrency investors are buying up is Nano. Nano currently trades for $0.80 and has a market capitalization of $107,025,026.53 US dollars.
Nano is famous for being the “digital money for the modern world.” Further, Nano is a cryptocurrency that enables secure, practically instant payments without fees and improves upon legacy financial infrastructure and other modern cryptocurrencies.
Launched in 2015 under the name RaiBlocks (through a public faucet), it allowed users to claim small amounts of XRB after completing a captcha challenge. At that time, anyone with access to a computer or phone would solve captchas and earn RaiBlocks. In 2018, the name changed to Nano, reflecting the speed at which transactions complete.
2) Zcash (ZEC)
Next, we have Zcash. Zcash started in 2016 and is a cryptocurrency based initially on Bitcoin that focuses on anonymity. Zcash uses technology that allows transactions to be verified without revealing sensitive information about those transactions.
Now, you might think, aren’t all other cryptocurrency transactions private? Well, not so much. Most cryptocurrencies, including Bitcoin (BTC), are not anonymous but rather pseudonymous. In other words, while they do not explicitly reveal the identities of their users, each user has their own public address. And through forensics, the authorities can eventually trace the public address back to the original owner.
Zcash transactions, on the other hand, do not reveal the sending and receiving addresses or the transaction amount. At least not by default. However, there is an option to reveal the data for auditing or regulatory compliance. Today, Zcash trades for $42.22 USD and has a market capitalization of $549,839,536.99.
3) Cardano (ADA)
The next worthy digital coin to invest in includes Cardano, a third-generation digital currency.
The co-founder of Ethereum, Charles Hoskinson, launched Cardano in 2017. Fast forward to today, crypto investors see Cardano as one of the top altcoins to invest in, as they see plenty of upside. Cardano’s market cap is now $10,743,309,956.23 USD and trades for $0.32. And In 2021, Cardano shot up a whopping 700 percent.
According to Wikipedia, Cardano is a public blockchain platform. Moreover, it is open-source and decentralized, with consensus achieved using proof of stake, and It can facilitate peer-to-peer transactions with its internal cryptocurrency, Ada.
4) Litecoin (LTC)
- Market Cap: Over $9 billion
Litecoin (LTC), an open-source blockchain project launched in 2011, was created by former crypto exchange Coinbase software engineer Charlie Lee. It was one of the initial cryptocurrencies whose code is imitated from Bitcoin’s. Despite the fact that it has similarities with Bitcoin, it is developed to have a faster transaction confirmation time. It can be used as an avenue for paying people around the world without a mediator. LTC is frequently considered as “silver to Bitcoin’s gold.”
Litecoin has a total round-off supply of 84 million tokens. In May 2021, it recorded its lifetime high of $413.47 but it dropped by over 50%. There are a growing number of merchants that undertake Litecoin. It has a per token value of around $106, the 21st-largest cryptocurrency in the world.
5) USD Coin (USD)
Another stablecoin, USD Coin also pegs its price to the U.S. dollar using fiat-collateralized reserves, which means it holds an amount of fiat currency equal to the amount of USD Coin in circulation.USD Coin was launched in 2018 by the Centre Consortium, which consists of Circle and Coinbase. Because Circle is based in the U.S., it is subject to regulation—this makes USD Coin a regulated stablecoin.
As of Sep. 18, 2022, USD Coin has a market cap of $55.5 billion and a price per coin of $1.00. It ranked fourth in market cap and trading volume.
Note: cryptootime collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.
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