In the cryptocurrency world, bitcoin is still the king; however, altcoins are not also falling behind. There are many altcoins which are giving a proper competition to bitcoin, such as Profit Edge App, Altcoins like Ethereum are already in the second position in the list of popular cryptos.
Altcoins have different segments and different utilisations as well. To use and invest in any of them, you can use the most trustable platform and for this click on this website, with this it will be easier for you to understand the trading market and invest in cryptocurrency.
Here we have gathered the five cryptocurrencies that are doing really good in the crypto market. The cryptos that we have chosen are Steller XLM, Dogecoin, Binance Coin (BNB), Monero (XMR), and Polkadot.
Steller XLM
Steller XLM arrived in the crypto market in early 2014. The founder was Jed McCaleb. He is a software developer by profession and American by nationality. The co-founder was Joyce Kim.
Steller lumens or Steller XLM is one of the native cryptocurrencies of the Ripple network. To know more, we can say that Steller’s network is decentralised and users can even trade, use and sell in this network.
The advantage of using Steller is that it is really fast, so the transactions are really fast. Other than that, this network provides support to multiple cryptocurrencies. These have lesser transaction fees.
Monero
There are multiple people who like to maintain a high level of anonymity while trading or transacting in crypto. Well, for them, the Monero crypto could be the best option. The main purpose of Monero was to start from the basic levels. It was to eradicate the pre-mining process. Whenever there is a transaction happening, it creates a unique address, and the best part is that it is not connected to any of the end-users. So, no one else or any third party cannot tract it and make some benefit out of it.
Polkadot
You can easily buy, sell, invest, and trade in it. If you are willing to trade Polkadot, you will find it listed on most of the crypto exchanges.
Gavin Wood , the name behind Polkadot, introduced this crypto in 2016. The structure of the Polkadot is also understandable. The main blockchain that it has is known as the relay chain. There are connectors which are known by the bridge. Apart from the main and basic chain, there are other chains created by many users. Those are called parachains.
The advantages of Polkadotconsistheterogeneroussharding, cross-chain composability, scalability, etc.
Dogecoin
Dogecoin was founded by the software engineer duo Jackson Palmer and Billy Markus in 2013. The intention behind it was not only fun but to add some speed that is lacking in bitcoin transactions. So, it was created lightly.
Dogecoin comes under the section of meme coin, which is a part of altcoins. The world was not so serious about dogecoin or the meme coin in the earlier days until Elon Musk spoke about it. Dogecoins have much potential. Using it the right way, one can gain some profit in a short span as well.
Binance Coin (BNB)
Binance is not only a cryptocurrency, but it is also an exchange where one can buy, sell, and make payments with it. To your knowledge, the Binance exchange is happened to be the largest exchange platform for cryptocurrencies. The usage of the Binance coin is quite vast. You can use it for entertainment, investment, credit card payments, transfers and loan purposes, different kinds of payment processing, trading and many more.
When it was invented in 2017, it primarily worked with Ethereum’s blockchain, and then it came up with its own blockchain known as the Binance Chain. The founder of Changpeng Zhao is the founder of the Binance coin.
Wrapping it up !!!
These are a few names from the list of so many cryptocurrencies. There are also cryptos like Ripple, Litecoin etc., which are doing really good in the market. However, when it comes to narrowing down the option, then your emphasis should be on looking for crypto that has a promising future. Its application and uses will define its future value. The crypto market is flooded with a number of options. However, choosing the safest and the best one is paramount.