FinancialCentre Broker Gives an Analyses the future of top cryptocurrencies
London, UK, 4th Dec 2021, ZEXPRWIRE, With the meteoric rise of Bitcoin, Ethereum and other cryptocurrencies in 2017, it’s no wonder that more and more people are getting interested in this new investment asset class. In addition to Bitcoin and Ethereum, there are now well over 1,000 different cryptocurrencies available on exchanges worldwide. So which ones should you be watching in 2022?
FinancialCentre broker Jamie Mor analyses a list of the top cryptocurrencies that financial industry experts predict will have large valuations in five years. In this article, we’ll give you a brief introduction to each currency and what makes it so popular among cryptocurrency investors.
Ripple
Ripple is a payment protocol and network that allows for fast, secure and low-cost international payments. Ripple’s currency, XRP, has a market capitalization of over $30 billion and is currently the third-largest cryptocurrency globally. Some experts believe that Ripple could eventually overtake Bitcoin as the number one cryptocurrency due to its lower transaction fees and faster transaction times. The Ripple network now has over 100 clients and is being used by banks, payment providers, and companies worldwide.
It also provides developers with an easy way to create applications for moving money quickly around the world without incurring any transaction fees at all. Its focus on creating enterprise solutions has certainly given Ripple the edge in this sector.
NEM
NEM is a peer-to-peer cryptocurrency platform that was launched in March 2015. NEM uses blockchain technology with advanced smart contracts to build decentralized apps, such as remittance, loyalty programs and crowdfunding platforms. This cryptocurrency doesn’t have a maximum supply of coins, but the current circulating supply is just over eight billion. That’s not as high as Bitcoin or Ethereum, but it does give NEM plenty of room for growth since there are over 16 billion XEM tokens in reserve.
BitcoinDark
BitcoinDark was originally launched as “BTCD” in July 2014. The name was changed to BitcoinDark in November 2014. It’s an open-source, low-latency cryptocurrency that is designed to give the world fast and reliable digital transactions. This coin uses a proof-of-stake algorithm so it can be mined by users who hold its coins. The maximum supply of BitcoinDark is 21 million tokens, which means there’s plenty of room for further price appreciation in the future.
NEO
Neo was founded in 2014 and went live in 2015. Also known as “Antshares,” the NEO coin was one of China’s first cryptocurrency projects, and many investors have flocked to this currency as a result. Neo uses blockchain technology to build a scalable network of decentralized online services that includes digital certificates on which users can digitally authorize their assets.
It also provides users with a legal framework for digital assets, an attractive feature for investors. It’s currently the 13th largest cryptocurrency globally, with a market capitalization of over $5 billion.
Stellar Lumens
Stellar Lumens is a decentralized payment network that aims to provide fast, reliable and affordable cross-border payments. The Stellar network has no fees for transactions and can handle over 1,000 transactions per second. The XLM cryptocurrency has a market capitalization of over $4.5 billion and is currently the sixth-largest cryptocurrency globally.
IOTA
IOTA is a next-generation cryptocurrency that uses a unique distributed ledger called the Tangle. The Tangle is different from traditional blockchains in that it doesn’t use miners to verify transactions. Instead, every IOTA user is responsible for verifying transactions, and therefore no transaction fees are required. IOTA also has a maximum supply of coins and is currently the ninth-largest cryptocurrency globally, with a market capitalization of $11 billion.
Dash
Dash is a popular open-source digital currency that’s based on Bitcoin software. It was originally called Darkcoin, but it was rebranded as Dash (digital cash) in 2015. One key difference between Dash and Bitcoin is that Dash allows for private transactions. This makes it a popular choice for people who want to make anonymous payments. Dash also has a built-in governance system that allows users to vote on important changes to the network. The Dash cryptocurrency has a market capitalization of over $5.5 billion and is currently the seventh-largest cryptocurrency globally.
Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. The project was funded by an online crowdsale that took place between July and August 2014. Ethereum went live in July 2015.
The Ethereum platform allows developers to create decentralized applications (dapps) that run on a custom-built blockchain. These dapps can be used to create things like online markets, social networks and payment systems. The Ethereum network has a market capitalization of over $30 billion and is currently the second-largest cryptocurrency globally.
Disclaimer: Our content is intended to be used for informational purposes only. It is very important to do your own research before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on this article and wish to rely upon, whether for the purpose of making an investment decision or otherwise.
