When it comes to cryptocurrencies, Bitcoin gets all of the attention, but there are practically thousands of other options to consider.
While Bitcoin was the first big cryptocurrency to enter the market (it launched in 2009), numerous others have grown in popularity, albeit not to the same extent as the original.
Cryptocurrencies are almost always supposed to be free of government manipulation and control—though, as the industry has risen in popularity, this fundamental characteristic has come under scrutiny.
Bitcoin has not only been a trendsetter, ushering in a wave of cryptocurrencies based on a decentralized peer-to-peer network, but it has also become the de facto standard for cryptocurrencies, encouraging a slew of followers and spinoffs.
So, here along with Bitcoin is a list of Top Cryptocurrencies to Invest in March 2022!
U.S. Dollar Coin (USDC)
Market cap: Over $53 billion
USD Coin, like Tether, is a stablecoin tied to the US dollar, which means its value should not vary. The currency’s creators claim that it is backed by fully reserved assets or assets with “equal fair worth,” which are stored in accounts with regulated US institutions.
Binance Coin (BNB)
Market cap: Over $68 billion
Binance Coin has grown beyond simply conducting deals on Binance’s exchange platform since its inception in 2017. It is now possible to use it for business, payment processing, and even organizing trip plans.
It can also be traded or swapped for other cryptocurrencies like Ethereum or Bitcoin.
In 2017, the price of BNB was only $0.10. Its price had climbed to nearly $413 by the beginning of March 2022, a gain of approximately 410,000 percent.
Market cap: Over $79 billion
Tether’s pricing is set at one dollar per coin. This is due to the fact that it is a stablecoin. Stablecoins are coins whose value is linked to the value of a single asset, in Tether’s instance, the US dollar.
Tether is frequently used as a bridge currency when traders transfer from one cryptocurrency to another. Instead of returning to dollars, they use Tether.
However, some people are concerned that Tether is not secure because it is not backed by dollars held in reserve, but rather by a short-term type of unsecured debt.
Market cap: Over $361 billion
Ethereum, which is both a cryptocurrency and a blockchain platform, is a favorite among programmers due to the possible uses it offers, such as so-called smart contracts that run automatically when certain conditions are satisfied and non-fungible tokens (NFTs).
Ethereum has also grown tremendously. Its price increased by more than 27,000 percent between April 2016 and the beginning of March 2022, rising from around $11 to over $3,000 in that time.
Market cap: Over $846 billion
Bitcoin, being the coin that heralded the cryptocurrency era, is still the coin that most people think of when discussing digital currency.
The currency’s mysterious creator, purportedly Satoshi Nakamoto, unveiled it in 2009, and it’s been on a roller-coaster ride ever since. However, it wasn’t until 2017 that bitcoin entered the public mind.