The world has gone crypto. Cryptocurrency has become the new money system, and as the days go by, the market value for cryptocurrencies appreciate.
If you are looking for profitable ventures to invest your money in, finding and investing in the most stable cryptocurrencies is something you’d need to consider.
For a beginner still trying to find out the most stable cryptocurrency from the large pool, it may be somewhat demanding. To help you, here’s a list of the most reliable cryptocurrencies you can invest in this year.
Do take your time to go through. Meanwhile, here’s the table of contents below for an overview of what to expect in this article.
Most Reliable Cryptocurrency This Year
Here’s a list of the most stable cryptocurrency in the world:
Bitcoin (BTC)
Bitcoin is the biggest and one of the most stable cryptocurrencies in the world. And, with over a 40% share in the cryptocurrency market cap, it is steadily dominating the market. It is the oldest cryptocurrency, and it is the most traded cryptocurrency.
At $20,000 per Bitcoin, BTC has a high great potential despite the ever-growing sea of competition. So, if you’re looking to start investing in cryptocurrency, bitcoin is surely a great place to start.
Ethereum (ETH)
Ethereum is not just a digital currency, it is a more advanced blockchain project. With its platform, developers can build their cryptocurrencies. The total market cap for Ethereum is about $15.6 billion at $617 per ETH.
The cryptocurrency grew steadily by about 3000% in 2017 until it attained the second position in the crypto market, behind bitcoin. A blockchain expert, Julian Hosp predicted the rise of the market cap of Ethereum to $200 billion by the end of 2020.
This cryptocurrency experienced growth of 36,000% in 2017 and is currently at about $0.4 per XRP. It is the third-largest cryptocurrency by market cap even though the difference in cost of XRP and BTC is pretty steep. The total market cap, however, is about $35 billion.
It has attained this position as one of the most stable cryptocurrencies mostly because it is not just digital currency. But people now make payments with it in major financial institutions like American Express, the Saudi Arabia Central Bank, China’s LianLian International and other banks in the world.
Litecoin (LTC)
Charlie Lee, a graduate of MIT started Litecoin in 2011. And, it is now referred to as “silver to bitcoin’s gold” because of its similarities to bitcoin. It was the first most stable cryptocurrency to perform a lightning network – transfer across a distance in record time.
The value of Litecoin grew from $4 to as high as $358 in 2017. It made a remarkable growth rate of about 8000% but dropped to about $110 in early 2018.
With a market cap of about $3 billion and a per token value of $46.92, Litecoin is the 6th largest cryptocurrency.
Tron (TRX)
It is a blockchain-based project that also doubles as a content sharing platform. Although it is similar to other social media networks, this decentralized platform doesn’t share your details with advertisers.
So, if you are looking to invest in cryptocurrency, Tron is one of the most stable cryptocurrencies to invest in. It has a market cap of $2 billion and a value per token of $0.03.
EOS (EOS)
EOS is quite similar to Ethereum as it also allows developers to come up with smart contracts and creates dApps on its blockchain. However, this crypto offers you the opportunity to operate a decentralized blockchain to perform free transactions.
Regardless of the fluctuations in the price over the last years, EOS is still one of the most stable cryptocurrencies. With a market cap of $2 billion and a value per token of $2.84.
Chainlink (LINK)
Chainlink is a decentralized oracle network to bridge the gap between smart contracts and real-world data. Sergey Nazarov developed Chainlink together with Steve Ellis. LINK is the currency of the Chainlink decentralized oracle network.
It is the 7th on the CoinMarketCap ranking with a market cap of $5.3 billion and a per token value of $13.53.
USD Coin (USDC)
USD Coin is one of the most stable cryptocurrencies in the world. It is also tied to the U.S. dollar on a 1:1 basis. This means that for each unit of the USDC in circulation, there is a support of $1 in reserve. It is a perfect balance of cash and temporary U.S. Treasury bonds.
With a market cap of $3.3 billion and a per token value of $1, its ranking position is 13th on the CoinMarketCap.
Stellar (XLM)
Jed McCaleb founded Stellar together with Joyce Kim in 2013 after leaving Ripple. Stellar is an open network released in 2014 that allows for money to be moved and saved.
Its objective is to increase financial inclusion as well as help financial firms connect with themselves through blockchain technology.
With a market cap of $4 billion and a per token value of $0.2, its ranking position is 11th on the CoinMarketCap.
Crypto.com Coin [CRO]
Crypto.com company which started in June 2016 launched the Crypto.com coin as Monaco Technologies GmbH. The coin is one of the most stable cryptocurrencies and a native cryptocurrency token of Crypto.com decentralized Chain.
It was designed to quicken the global adoption of cryptocurrency for payment and trading. With a market cap of $1 billion and a per token value of $0.07, its ranking position is 20th on the CoinMarketCap.
Wrapped Bitcoin (WBTC)
Wrapped Bitcoin is a version of bitcoin that is a token. It runs on the Ethereum (ETH) blockchain, and it receives support from Bitcoin at a 1:1 ratio through a network of regulated merchants and custodians.
This is to ensure that the price of the currency is tied to bitcoin to allow for the transfer of liquidity between BTC and ETH.
The Wrapped Bitcoin started on the 31st of January 2019, and now has a market cap of $2 billion and a per token value of $22,702. Its ranking position is 16th on the CoinMarketCap.
DAI is one of the most stable cryptocurrencies. The Maker Protocol and the MakerDAO manage the development and insurance of this Ethereum-based stablecoin.
This cryptocurrency is soft pegged to the price of the U.S. dollar to help cushion the effects of significant market fluctuations. With a market cap of $1.1 billion and a per token value of $1, its ranking position is 25th on the CoinMarketCap.
Aave (AAVE)
Stani Kulechov founded AAVE and launched it in November 2017. Aave which is Finnish for “ghost” was initially known as ETHLend. However, in September 2018, it was rebranded to Aave.
It is a decentralized finance protocol that lets people lend and borrow cryptocurrencies. With a market cap of $1 billion and a per token value of $87.29, its ranking position is 27th on the CoinMarketCap.
Revain (REV)
Revain prides itself as the first trustworthy review platform designed with blockchain technology. This means that every user review in the blockchain is on display. They can neither remove nor alter them.
Revain’s objective is to give the community a source of trustworthy review about projects, goods, trademarks, and other entities. With a market cap of $966 million and a per-token value of $0.012, its ranking position is 30th on the CoinMarketCap. Read our article on How To Make Money Buying And Selling Cryptocurrency| Full Guide.
Uniswap (UNI)
Hayden Adams, an Ethereum developer, created Uniswap – one of the most stable cryptocurrencies. It is a known decentralized trading platform that facilitates automatic trading of finance tokens.
Uniswap intends to keep token trading automated and open to anyone who holds tokens while working on the efficiency of trading against that on traditional exchanges. With a market cap of $812 million and a per-token value of $4.09, its ranking position is 35th on the CoinMarketCap.
Binance Coin (BNB)
Binance Coin was founded in 2017 and is now the official currency of the Binance cryptocurrency exchange platform.
On Binance platform, you can trade in several other cryptocurrencies seamlessly while making use of the Binance coin.
You can also pay for some products and services like travel fees and more using one of the most stable cryptocurrencies – Binance coin. It has a market cap of $2.3 billion and a per token value of $14.71.
Bitcoin SV (BSV)
Bitcoin SV (BSV) is simply, Bitcoin Satoshi Vision. It was started in 2018 as a fork of a fork – BSV is a hard fork of Bitcoin Cash, which in turn is a hard fork of the original bitcoin network.
The developers aimed to bring back the original protocol of bitcoin’s developer Satoshi Nakamoto and also allow for scalability and stability. It has a market cap of $2.1 billion and a per token value of $114.43.
Monero (XMR)
Monero is an untraceable currency launched in April 2014. Using a unique system known as the “ring signatures”, it allows for complete privacy with an intentional emphasis on scalability and decentralization.
However, this one in the number of most stable cryptocurrencies has links to some questionable activities as a result of these unique features. Its market cap is at $994 million and a per-token value of $57.16.
Tether (USDT)
This is one of the most stable and most well-known cryptocurrencies. It is designed to be a block-chain cryptocurrency whose value is tied to traditional fiat currencies like the U.S dollar, Yen or the Euro.
Tether was the fourth-largest cryptocurrency with a market cap of $4.6 billion and a per token value of $1.
Huobi Token (HT)
Huobi Token (HT), is an exchange-based token and currency of the Huobi crypto exchange. You can receive crypto rewards from seasonal buybacks and trade with other cryptos on the Huobi exchange.
With a market cap of $811 million and a per token value of $4.09, its ranking position is 36th on the CoinMarketCap.
Bottom Line
So, you can go through this article to find one of the listed cryptocurrencies above and take the first step to become a crypto millionaire!
Related Posts
source
Leave a Reply
You must be logged in to post a comment.