Cryptocurrency is a big topic of conversation right now. The conversation can be largely dominated by the biggest name in the game so far, Bitcoin, but there is a whole world of cryptocurrency that isn’t just Bitcoin.
And, in fact, other cryptocurrencies are really stepping up to the plate and become the “ones to watch” and the ones to invest in right now in the financial world.
If you’re curious what some of these other cryptocurrency players might be, we’ve curated a list of the top 3 we think everyone should know about right now.
Cardano
Cardano is arguably one of the biggest players on the crypto scene right now. Cardano itself is a blockchain platform that was founded on peer-reviewed research. It aims to decentralise financial control, provide sustainability in cryptocurrency, and ensure top of the range security.
Cardano’s success is largely driven by the pioneering technological advancements of the company at large, with one of their mottos being, “a history of impossible, made possible”.
The company focus on science, technology, and universal fairness.
It is a pretty ethical crypto company to get involved with and they are performing exceptionally well on the stock market right now.
Avalanche (AVAX)
Avalanche might not be a name you have heard of yet in the crypto world, and yet it is the sixth-largest proof-of-stake network in the field. It has a $14-billion staked capitalisation and, as it stands, AVAX trades for around $60-70.
The company launched in 2020 and it is in a stage of growth right now. It has recently revealed a fund of over $200 million which is intended to be used as incentives for developers building the network. The network has the best of the best working on and improving their systems.
AVAX is built for decentralised apps and it is one of the cheapest and fastest options for cryptocurrency. It runs on Ethereum systems and is extremely energy efficient.
It’s a great option to get started with cryptocurrency if you are looking to begin your journey.
Dogecoin
Ok so maybe you have heard about Dogecoin. Maybe you’ve seen the memes and the Reddit posts.
But Dogecoin is much more than a meme, or at least it is now.
Dogecoin started out in 2013 as a personal joke between two developers, who were taking a shot at the field of cryptocurrency at the time. It was an act of satire built on the famous Shibu Inu “Doge” meme.
But, then, it came more and more legitimate.
The value of Dogecoin has risen significantly over the last 8 years, with the most notable spike happening this year. Due to conversation from Elon Musk and other celebrities online, the value of Dogecoin has skyrocketed and it is now considered a valuable investment to make in the world of crypto.
Dogecoin can also be used on the Ethereum blockchain and can access the DeFi (decentralised finance) network.
So even though Dogecoin might seem like a joke, it works in a very real and usable way.
If you’re looking to make a cryptocurrency investment any time soon, it’s worth taking a deeper look into the cute Shibu Inu coin.