Be careful with Cryptocurrency If you’re new to crypto. If you feel that you missed out on Bitcoin, Ethereum, and other big names, it’s ok, you don’t need to fear that you have lost out. There are plenty of investments available that are not a risk to all your income. Crypto is risky. Be very cautious if you want to find some alternative (ALT) coins in which to invest your money. Concerns over who creates and controls these currencies, what they are used for, and whether they are trustworthy investments are important worries.
Below are some details on each of the currencies ranking #11-20, but we are never 100% positive if a crypto project is legitimate. People have been scammed a lot in 2022 and 2023, so please do your research and never invest what you aren’t willing to lose. The person who wrote this post in early 2021 had Terra on this list, Luna, a coin that six months later was looking very sketchy. Then in May 2022, a $50 Billion valuation was wiped out. I don’t care if their CEO claims it wasn’t a rug pull. There are countless crypto scams out there, and any of these coins listed here can end up being one, too. Just because some smart people claim they are going to the moon doesn’t mean anything when your money is on the line.
11. Uniswap
Uniswap emphasizes three features: customizable capital deployment across a market in the form of concentrated liquidity, a tiered market offering improved returns for volatile pairs subject to impermanent loss, and cheaper access to oracles for improved data integrity.
Commenting on the completion of Pendle’s public LBP offering earlier in 2021, Adam Cochrane, a partner at Cinneamhain Ventures, described the forthcoming exchange as creating “an entirely new category of market in the DeFi space.”
12. Bitcoin Cash
Bitcoin Cash (BCH) is faster and more liquid than the original Bitcoin (BTC) because it is designed for spending rather than for holding. Bitcoin Cash utilizes a larger block size (about 4-8 times larger than BTC, depending on the use) to process transactions quickly.
Transactions are quick enough that you can ideally make a retail purchase with BCH, but if you were making a large purchase, for instance, a house or a car, you could opt for a slower, more secure cryptocurrency like BTC.
BCH and BTC fulfill different roles; some cryptocurrency finds their greatest value in storing long-term holdings, while other cryptocurrency needs to process data quickly to function with the ease of a credit card transaction. It makes sense to use different tools for different tasks — like using a credit card for restaurant dining versus a bank transfer to buy a house.
BCH isn’t just faster; it also features lower processing fees than BTC. However, it’s still used less frequently than BTC, as everyday cryptocurrency payments have yet to be widely adopted. Many believe that greater awareness and complementary technological improvements and innovations will put BCH in the position to serve as a leader in cryptocurrency payments.
13. Chainlink
Chainlink is a distributed program built on top of Ethereum. Chainlink displays all high-quality data for smart contracts. Smart contracts are programmed into a blockchain that automatically performs functions assigned to them, eliminating the need for third parties. It is also impossible to manipulate or change smart contracts afterward.
The great weakness of smart contracts is that they cannot independently access data outside of the blockchain, so when a smart contract wants to access data outside of the blockchain, it needs to be connected to an oracle, which is the information source. If a smart contract utilizes only one centralized oracle’s information, it is directly reflected in the data’s reliability.
Chainlink has solved the oracle problem of smart contracts by creating a distributed pool of oracles – the oracles all strive to produce high-quality information. There were some concerns of a “pump and dump” scam in 2019, so do your due diligence before buying.
14. Litecoin
A modification of the Bitcoin code, Litecoin has many similar features. If you know how Bitcoin works, you’re likely going to have an easy time understanding Litecoin.
Litecoin uses cryptography to enable ownership and exchange of LTC, and its software places a limit on the amount of LTC that can ever be created at 84 million.
Like Bitcoin, Litecoin also uses a form of proof-of-work mining to enable anyone who dedicates computing hardware to add new blocks to its blockchain, enabling users to earn the new Litecoin it creates. The two main differences are that Litecoin aims to finalize transactions faster and that it uses a different mining algorithm. On Litecoin, new blocks are added to the blockchain roughly every 2.5 minutes (as opposed to every 10 minutes on Bitcoin).
15. Binance USD
Binance Coin, or BNB was established in 2017 as an Ethereum-based token. It was developed to give users the option to reduce fees while helping fund Binance’s expansion. The relaunch of BNB was on its own Binance Chain blockchain, and this allowed users to swap their old coins for new ones.
16. XRP
After problems with the government, they have come out on the other side ok. Good uses and potential to be widely used. That said, the price fluctuates a lot, so be cautious.
17. Polkadot
Polkadot allows for data transfers of all kinds along a variety of blockchains on their network. There are a lot of good-name investors involved, and it’s not a trendy fad coin that had large ups and downs. Most score them pretty well, and it’s been consistent.
18. Internet Computer
Internet Computer enables the complete reimagination of software by providing a revolutionary new way to build tokenized internet services, pan-industry platforms, decentralized financial systems, and even traditional enterprise systems and websites. They are the first blockchain that runs at web speed with unbounded capacity. They were the third major blockchain innovation, alongside Bitcoin and Ethereum.
Internet Computer scales smart contract computation and data, while running them at web speed, processing and storing data efficiently while providing powerful software framework to developers.
19. Wrapped Bitcoin (WBTC)
An Ethereum-based coin created from Bitcoin and representing Bitcoin on the Ethereum blockchain, WBTC is one of many wrapped currencies which are designed for the purpose of selling on non-native blockchains. Evangelists claim that the coins are more scalable when they are able to trade on multiple blockchains.
20. Stellar
Stellar is a global exchange network with the ability to host thousands of exchanges between currencies and tokens per second. It uses a consensus algorithm based on the Federated Byzantine Agreement (FBA), called the “Stellar Consensus Protocol” (SCP). SCP facilitates fast transactions at lower costs through agreements with everyone on the network agreeing on a transaction’s validity, which is done within a few seconds.
Each participant (called a node) that helps add transactions to the global ledger selects their mini-network of other trusted participants. These mini networks are called Quorum Slices. The extensive Stellar network can reach consensus on valid transactions and add the same to the ledger quickly as long as Quorum Slices overlap.
Others to Consider:
Solana
Solana is a web-scale blockchain network integrating several digital interfaces into one, combining exchange markets, audio streaming services, and gaming. There are claims that Solana (SOL) has been proving itself to be the quintessential cryptocurrency, as users like its fast transaction speed, security, and scalability.
Solana launched Wormhole, connecting the congested Ethereum to Solana’s network. There are some concerns in 2021 of a “rug pull”. Coindesk.com is actively looking into it.
Ethereum Classic
After the release of Bitcoin, many other cryptocurrencies were introduced, including Ethereum Classic, which was launched in 2016. Ethereum Classic uses Ethereum’s initial blockchain. Ethereum Classic runs smart contracts, and it has its own cryptocurrency known as ETC. Ethereum gets most of the attention, but Ethereum Classic should not be left out either because it plays a similar role to Ethereum, having its own ecosystem of decentralized applications (DApps) and blockchain ledger.
Ethereum Classic has had its ups and downs, showing that it is a volatile asset that has the potential to offer profits to investors. But compared to some other cryptocurrencies like Chainlink or Cardano, Ethereum Classic has not shown significant growth.
Vechain
VeChain acts as a Stablecoin, meaning it is traded through exchanges, which are platforms allowing the exchange of fiat currencies, such as Dollars or Euros, against digital currencies. Broker services aim to facilitate the buying process for non-experts, allowing the purchase of VeChain at a fixed price.
VeChain focuses on financial services and tracing supply chains. The Singapore-based cryptocurrency makes it easier to collect and share crucial product information with retailers, manufacturers as well as consumers. The platform is being used by industries such as agriculture, luxury goods, and liquor. VeChain tracks items like food, bags, and wine through their lifecycle. VeChain is also used with smart chips that are implemented in an array of items such as art, wine, luxury bags, food, and many others via a microchip RFID (Radio Frequency Identification).
Watch out for scams by using sites like Isthiscoinascam
Top 10 Cryptocurrencies for more crypto options. Be cautious when buying crypto. There have been a lot of scams, so be careful and do your research. Never invest any money you’re not willing to lose. Subscribe for more investing posts. Have a lovely day!
Disclaimer
I want to make it unequivocally clear that I do not promote any cryptocurrency, nor do I endorse any crypto investments. This website is dedicated to providing information and insights into the world of cryptocurrencies to help you better understand what crypto is. If you ever find yourself in a position where you need to explain your decision not to invest in cryptocurrencies to friends or acquaintances, you can use the content on this site as a guide to discourage people from falling victim to scams or making hasty financial decisions. My ultimate goal is to empower individuals with knowledge and awareness so that fewer people become financial victims. Life is already challenging with its inherent obstacles; we don’t need the added burden of unscrupulous individuals looking to exploit our hard-earned money. Stay vigilant, stay informed, and make financial decisions with caution. Your financial well-being is of paramount importance, and it is my sincere hope that the information here can assist you in making prudent choices.
