What are the Top 10 Cryptocurrency to Buy Now?

Top 10 cryptocurrency collection for 2023. Crypto logo coin set vector
Top 10 cryptocurrency collection for 2023. Crypto logo coin set vector

You have probably heard about cryptocurrency from a lot of people. Mostly, people believe that there is only one cryptocurrency, which is Bitcoin. However, that is not true. Bitcoin is the most popular and widely used cryptocurrency when there are other types of currencies, such as ETH, XRP, and BNP. Learn about the top 10 cryptocurrency in the market with us.

There are several types of crypto coins available in the market. For example, all are aware of the name of Bitcoins. It is a type of cryptocurrency exchange. Moreover, each type of coin has its own specifications and value. We are going to discuss some of the top crypto coins in the market for your knowledge.

Bitcoin

The most popular cryptocurrency is Bitcoin. It has a market cap of $551.6 billion. With its extremely high value, the currency lies at the top 10 cryptocurrency chart. It was created in 2009. Even after 14 years of its creation, this is the first currency that has been able to compete in the market.

The people who created the bitcoins are anonymous. They used the name Satoshi Nakamoto. It is a pseudonym. It provides a decentralized transaction process by using the blockchain for its users.

  • Advantages

The currency changed people’s behavior toward digital currency systems or crypto. There are several reasons behind its popularity. The biggest one is the availability of transparency in the bitcoin network.

  • Shortcomings

Many investors argue that working with bitcoins is quite complicated. It takes a lot of energy and work to scale the network. Moreover, there are several large-scale projects with optimized functionality speed. These networks are getting more user attention now.

Ethereum (ETH)

It is a 2-in-1 deal, as this is both a cryptocurrency exchange for investment and a blockchain platform for investors. It is highly popular among program developers. The coins were created in 2015. Its market capitalization is $186.6 billion.

Moreover, the ETH blockchain platform has almost 1400 application and developer tools. It is based on the idea of smart coins. You can use these coins via dApps. The native currency name of ETH is ether.

  • Advantages

It has a less intensive and easy-to-proof transaction system than Bitcoins. It will benefit you even more if you connect to the development side.

  • Shortcomings

The blockchain functionality of ETH is less popular among many investors than they are attracted to the Bitcoin blockchain.

BNB or Binance Coins

The market value of Binance coins is $32.1 billion. Binance is one of the largest cryptocurrency exchange in the world. Initially, it was created by using the Ethereum network. But the token is transitioned on their Binance blockchain.

You can use it for several applications, currency exchange, and different use cases.
However, in 2023, The US government sued the company for irregularities or breaking the state laws. Their market shares got tumbled due to these issues.

Ripple’s Coin XRP

The market capitalization of XRP is %25.8 billion. It was created by Ripple based on the idea to give an alternative to internet banking telecommunication. They claim that their system is better and faster than the SWIFT. Their network is based on the XRP ledger blockchain.

The Cryptocurrency of Solana

It is a relevantly new currency. It was launched in March 2020. Their market capitalization is $10.1 billion. It supports different dApps, smart contracts, and tokens. It has a faster and cheaper verification system as compared to Ethereum.

However, the network has had many issues since its launch. It remained down for 20 hours in February 2023. This is why the investors think it’s less authentic than other networks. One of best in top 10 cryptocurrency.

Cardano (ADA)

It is a decentralized and more proficient system of blockchain than Bitcoin and came into the market in 2017. It was founded by one of the co-founders of ETH. This is why it became one of the authentic currencies in the crypto industry. The network uses ADA cryptocurrency for transactions. It is a platform for app developers and smart contracts.

Dogecoin (DOGE)

Dogecoin is made as a parody of Bitcoin, and it grabs the market attention in no time. The reason was its simple process and less complicated work energy. However, Dogecoin and the famous Elon Musk were accused of manipulating the price illegally. Therefore, different investors sued them for illegal manipulation.

How Much Money Does Elon Musk Make a Second?

Tron (TRX)

TRX has a market cap of $7.9 billion. It uses the technology of blockchain and decentralization apps. There are more than 177 million accounts on Tron. Many investors rely on it. Therefore, it has become one of the largest stablecoin supply platforms. It was also based on ETH tokens initially. Then, they transferred it to Tron in 2018.
Furthermore, it allows gambling, gaming, and selling of unlawful material on the internet. The authorities sued its owner for fraud and violations.

Polygon (MATIC)

With a market capitalization of $4.7 billion. The network was built to support the ETH network. It helps the network regarding its scalability issues. MATIC is the name of the cryptocurrency they use to create the network and make transactions.

Cryptocurrency Exchange. Buying and selling cryptocurrency
Cryptocurrency Exchange. Buying and selling cryptocurrency

How to Buy from Top 10 Cryptocurrency

If you are willing to buy the cryptocurrency, follow the below-given instructions.

  • Go to a crypto exchange website
  • Complete the requirements to create an account
  • Verify your identity according to the requirements given on their website
  • Go through the instruction sections
  • Follow their instructions to buy the bitcoin
  • You will see the purchased currency in your exchange account

Precautions You Must Take

It is essential to keep in mind cryptocurrency exchange is highly volatile. There are several reports on fraud, scams, and illegal manipulation of cryptocurrency prices. Therefore, you must know everything about the crypto industry and how it works.

There are several guides on top 10 cryptocurrency for beginners. Moreover, you must know about the facts of coin marketcap. You are able to read the trends and prices chart on the market capitalization. There are more chances to avoid scams.
Read More about Coin Marketcap to get success in cryptocurrency

Final Opinion

Now you know about the top 10 cryptocurrency to buy in the market. Each type has its own unique specifications. Their use depends on your requirements. If you are a developer, ETH would be a great option for you.

However, if you are highly experienced and know everything about top 10 cryptocurrency, work with bitcoins, the top trending type of crypto.

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