Unless you’ve been living on a desert island for the last decade, you’ll have seen the meteoric price rise of many cryptocurrencies. Perhaps you’ve even invested in some more well-established names such as Bitcoin or Ethereum.
Bitcoin, the king of cryptocurrency, is not only the first but also the most traded and valuable crypto in the world today. This crypto also benefits from the largest market cap of above $860 billion, ensuring investors’ liquidity.
Ethereum came into existence in 2015 only but and since then, it has seen massive gains due to its unique technology. Although it tends to play a support role to Bitcoin, it is far ahead of its competitors.
Solana is one of the top competitors of Ethereum. In 2021, it started at as low as $1, and now, it is trading at $100. Solana is also the fourth most prominent and promising cryptocurrency having a market cap of $54 billion.
Cardano is again a good crypto investment as it has 6th rank with a market cap of $51 billion. In comparison to Bitcoin, its small footprint attracts a lot of investors as less energy is needed to complete a transaction in Cardano, meaning it is fast and cheap.
Like many cryptos, only the bigger exchanges list Polygon, and its token “MATIC” can be used for transaction fees, payment services, and a settlement currency. New developments can also benefit Polygon prices.