9 Cryptocurrencies to Make You Rich
Investors dream of owning cryptocurrencies that will make them rich
Investing in the right cryptocurrencies at the right time is a game-changing move. Blockchain technology is revolutionizing the finance sector like never before.
Crypto Assets like Bitcoin have not only surged significantly in value over the years but are also used as a hedge against inflation. Many investors consider cryptocurrencies a viable alternative to traditional investment solutions due to their incredible returns, liquidity, independence, etc.
There is more than one benefit to allocating a portion of an investment portfolio to digital assets. However, keep in mind that cryptocurrencies are volatile by nature. Cryptocurrency investments are risky – just like any other investment with a significantly high return. That said, investments backed by research can help in generating incredibly high long-term returns.
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Top Cryptocurrencies That Can Make You Wealthy:
- Bitcoin (BTC)
- Ethererum (ETH)
- Ripple (XRP)
- Uniswap (UNI)
- Chainlink (LINK)
- Cardano (ADA)
- TRON (TRX)
- Litecoin (LTC)
- Bitcoin Cash (BTC)
Based on crucial considerations such as longevity, price history, network updates, etc., here are the top 9 cryptocurrencies that can make you wealthy.
9 Cryptocurrencies to Make You Rich
1. Bitcoin (BTC)
Current Price: $37,240
Market Capitalization: $696,760,511,322
Circulating Supply: 18,724,456 BTC
Bitcoin, the most popular cryptocurrency out there, is also the oldest one. Thousands of altcoins have emerged following Bitcoin's suit. BTC's first-mover advantage has undoubtedly helped the asset remain the top crypto by demand, market valuation, and adoption. Even with several digital assets available on the market, Bitcoin represents 40% of the overall cryptocurrency market cap.
Many businesses are increasingly accepting Bitcoin as payment, making the flagship cryptocurrency a viable investment. The asset has also seen incredible adoption rates from large institutions such as MicroStrategy, Square, etc. Elon-Musk led Tesla also recently invested $1.5 billion in BTC. Additionally, larger banks such as Goldman Sachs are beginning to incorporate Bitcoin transactions into their offerings.
Read Also: Bitcoin Price Prediction for 2025 and 2030
2. Ethererum (ETH)
Current Price: $2690
Market Capitalization: $312,777,414,613
Circulating Supply: 116,123,385
Ether is the most famous altcoin, just after Bitcoin, in terms of overall cryptocurrency market share. Ethereum is different from Bitcoin because it is more than just a cryptocurrency. It is also a blockchain network that allows developers to create their own virtual currencies. The Ethereum blockchain network is far ahead of the other competitors.
Ethereum originated the concept of decentralized applications (dApps), which leverage the distributed nature of the network. Decentralized finance (DeFi) and non-fungible tokens (NFTs) are also built on Ethereum.
Ether is the fuel that powers the entire network, meaning that the token offers various potential use cases. If you are looking to participate in the Ethereum ecosystem, purchasing ETH is an excellent place to start.
3. Ripple (XRP)
Current Price: $1.02
Market Capitalization: $47,270,795,573
Circulating Supply: 46,151,013,329
Ripple blockchain network is enticing to many investors because the platform facilitates seamless international transfers. With a traditional bank, international money transfers generally take up to 10 business days. Ripple enables the same transactions within mere seconds.
Ripple's XRP is a popular digital asset in part because of how strong its breakout has been in the past. It is also well known for its rare but explosive price movements. For instance, Ripple surged from under a penny to $3.58 per token in just one year before dropping 99% because of how strong the move was.
Ripple also has partnership contracts with big banks across the globe. The more contracts it signs, the more accessible XRP is to investors.
4. Uniswap (UNI)
Current Price: $28
Market Capitalization: $15,786,428,645
Circulating Supply: 565,730,500
Uniswap is the top Ethereum-based decentralized exchange (DEX) out there in terms of the number of users and trading volume. The platform has eliminated the traditional order book model and introduced an automated market maker (AMM) protocol, allowing users to trade with a smart contract called a liquidity pool. This method provides open access to the market. Any user can swap tokens, add tokens to a pool to earn fees, or list a token on Uniswap.
Uniswap's UNI token is the primary currency on the platform. UNI is an ERC-20 token that is compatible with the Ethereum ecosystem. Currently, UNI is traded on various other popular exchanges, including many centralized exchanges such as Coinbase Pro.
The recent DeFi boom has made Uniswap even more worthy. New DeFi projects rely on Uniswap to enter the market easily. Uniswap is also a critical launchpad for the entire DeFi sector.
Check Out: Uniswap Price Prediction
5. Chainlink (LINK)
Current Price: $30.5
Market Capitalization: $13,198,938,559
Circulating Supply: 429,509,554
Chainlink is the top decentralized oracle network that permits smart contracts on Ethereum to connect to external data sources seamlessly. Chainlink is popular in part due to its unique business model. The platform seeks to create the world's first blockchain oracle network, which can leverage the same technologies found in traditional blockchains to ensure that the nodes in operations are functioning properly and their data is accurate.
LINK's pricing structure is attractive to investors because it has proven that there is still a lot of room for growth. LINK aims to help fund the development of the Chainlink platform. LINK serves as an incentive for users to mine, similar to BTC and ETH.
It is clear that Chainlink provides a necessary resource to the crypto market. It is growing the functionality of blockchain networks and is providing developers with increased flexibility. For these reasons, Chainlink remains an exciting coin in the market and is poised to generate massive gains in the future.
6. Cardano (ADA)
Current Price: $1.77
Market Capitalization: $56,930,070,352
Circulating Supply: 31,948,309,441
Cardano is a popular blockchain network and open source project working to create a completely decentralized public blockchain platform for smart contracts. ADA is the native cryptocurrency token of Cardano. The network aims to tackle large-scale blockchain adoption issues, such as scalability, interoperability, and sustainability.
Cardano made headlines as the first blockchain platform to implement a peer-reviewed research strategy into its main principles. The network has a smaller footprint, which is appealing to investors and traders.
Transactions are faster and cheaper on Cardano when compared to Bitcoin. Third-generation cryptocurrencies like Cardano's ADA learn from tokens like Bitcoin and Ether to improve their vulnerabilities or shortcomings. ADA utilizes more modern developments such as layered architecture to enhance security and scalability. Notably, ADA has exploded significantly over the past few years and is currently one of the top 10 cryptocurrencies by market capitalization.
7. TRON (TRX)
Current Price: $0.077
Market Capitalization: $5,523,972,685
Circulating Supply: 71,659,657,369
TRON is a decentralized platform that enables decentralized applications (dApp) developers to build and apply complex protocols through smart contracts on its blockchain. TRON's native token TRX has leveraged its community support and unique technical features to become one of the top ten cryptocurrencies in just two years.
TRON is best known for its high transaction speeds. The network claims that it can process around 2000 transactions per second (TPS). This performance has put TRX on par with other major payment processors like Visa or PayPal.
The TRON network relies on a Delegated-Proof-of-Stake (DPoS) consensus mechanism to secure the blockchain. The mechanism allows users to earn passive income when they stake their tokens in a network wallet.
Read More: Will Tron Make Me Rich?
8. Litecoin (LTC)
Current Price: $184
Market Capitalization: $12,351,697,957
Circulating Supply: 66,752,415
Litecoin hit the market at the same time as Bitcoin in 2011. However, Litecoin completes transactions four times faster than Bitcoin. In 2017, it became the first cryptocurrency to complete a Lightning Network transaction where the transfer was completed in less than a second. If the company extends its use of Lightning Network for faster transactions, LTC's value could rise prominently.
Notably, it only took Litecoin around two years to achieve a $1 billion market capitalization. LTC reached its all-time high of $360.93 on December 18th, 2017. This value represented an 8200% increase over the asset's worth from just a year before.
9. Bitcoin Cash (BTC)
Current Price: $700
Market Capitalization: $13,099,082,515
Circulating Supply: 18,752,931
Bitcoin Cash is a peer-to-peer (P2P) electronic cash system that resulted from a Bitcoin hard fork. It is by far the most successful hard fork of the Bitcoin network. Eventually, BCH became one of the top 10 digital assets in the world in terms of market cap.
Bitcoin Cash is notably faster than the original Bitcoin. BCH also has some very noteworthy supporters. It is currently working to resolve scalability issues faced on the Bitcoin blockchain. BCH is also easier to mine when compared to BTC because of the integration of new protocols.
While Bitcoin can process about 7 transactions per second, Bitcoin Cash can support more than 100 transactions per second.
Don't Miss: Is Bitcoin Cash a Good Investment?
Investors and traders can no longer look away from cryptocurrencies while building an investment portfolio. Digital assets have proved themselves worthy with a wide range of financial use cases.
Investing in these top 9 cryptocurrencies could help you diversify your investments, store value, and profit immensely in the future.
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Virtual currencies are highly volatile. Your capital is at risk.