As an expert in the field of cryptocurrencies, I have spent countless hours researching and analyzing the market to find the best coins to invest in. If you're interested in low-cap cryptocurrencies and the world of memecoins with great potential, you've come to the right place. This subreddit is dedicated to discovering hidden gems that could be the next big thing. But before diving into the world of cryptocurrency, it's important to understand the rules and requirements for participation.
Make sure you read the sidebar carefully. As an expert, I always advise caution for those who are new to the world of cryptocurrency. It's important to create an account and connect with a community of like-minded individuals. This community is open for anyone to view, post, and comment. We filter cryptocurrencies based on their utility or store of value, as well as trading momentum and other parameters such as seven-day performance and 24-hour trading volume. Our push screen for finding the best cryptocurrencies to buy or view right now is in the table below, ordered by 24-hour volume.
These cryptocurrencies are not stable currencies, which are linked to stable assets, nor are they wraparound currencies or liquid currencies. Instead, we focus on assets that have shown positive performance over the past seven days with a high volume of trading within 24 hours. These metrics help identify assets with current investor interest and growth potential. Cryptocurrencies are an emerging area with over 17,000 in existence according to Coingecko. While most people think of bitcoin when they hear about cryptocurrency, there are many other alternative currencies that have great potential for growth.
In fact, bitcoin represents more than 64% of the total cryptocurrency market. This means that any cryptocurrency outside of bitcoin is considered an alternative currency.
The Top Cryptocurrencies to Invest in Right Now
The first alternative to bitcoin on our list is Ethereum (ETH). This decentralized software platform allows for the creation and execution of smart contracts and decentralized applications (DApps) without any downtime, fraud, control, or interference from a third party. The goal of Ethereum is to create a decentralized set of financial products that can be accessed by anyone in the world, regardless of nationality, ethnicity, or faith.Tether
(USDT) was one of the first and most popular alternative cryptocurrencies to stablecoins.Its objective is to link its market value to a currency or other external reference point in order to reduce volatility. Since most digital currencies, even the most important ones like bitcoin, have experienced frequent periods of high volatility, Tether and other stable currencies aim to smooth out price fluctuations to attract cautious users.
Cardano
is another alternative currency that allows users to interact with decentralized protocols and NFTs. Founded by the co-founder of Ethereum, Charlie Hoskinson, Cardano was created as a new and improved blockchain for smart contracts. As an expert, I highly recommend investing in Cardano as it has shown great potential for growth.Understanding the Value of Cryptocurrencies
Before investing in any cryptocurrency, it's important to understand where its value comes from.For example, bitcoin's value comes from its security, limited supply, and widely recognized reputation as “digital gold.” As an expert, I always advise my clients to thoroughly research the utility and possible use cases of a cryptocurrency before investing. It's also important to note that taxes must be paid on any income earned from cryptocurrencies such as bitcoin and Ethereum. However, losses can also be reported on taxes which can save you money in the long run.
The Best Performers in the Market
While meme coins may be popular, there are also many established cryptocurrencies with a long-term track record that have shown great performance. As an expert, I personally own bitcoin and Ethereum and highly recommend them as long-term investments.Ether
(ETH) is used to pay validators who stake their coins for their work on the blockchain. It is also used as a payment method outside of the blockchain and as an investment for speculators.While it has been in second place in terms of market capitalization for years, it still lags far behind bitcoin by a significant margin. Unlike bitcoin and other mined cryptocurrencies, XRP tokens enter circulation every time Ripple decides to sell coins. These types of coins can sometimes earn triple-digit returns in a matter of months, but investors should keep in mind that they are considerably smaller, less mature, more specialized, and more volatile than “first-line” cryptocurrencies like bitcoin and Ethereum.
The Rise of Memecoins
One of the most talked-about types of cryptocurrencies right now are memecoins. These are coins that started as a joke but have gained a strong community following. The most well-known memecoin is Dogecoin, which uses an image of the Shiba Inu as its avatar.While it may not have any intrinsic value, its strong community has made it a popular form of payment for some major companies.
Other Major Cryptocurrencies to Keep an Eye On
While I have only listed the top 10 alternative currencies above, there are many other major cryptocurrencies that are vying for their position over time in terms of user bases, market value, and influence. As an expert, I am constantly monitoring the market and keeping an eye on these emerging currencies.The Future of Cryptocurrency
As an expert in the field, I believe that cryptocurrency is here to stay. While there may be some volatility in the market, the potential for growth and innovation is immense. It's important to stay informed and do your own research before investing in any cryptocurrency.And remember, always invest with caution and never invest more than you can afford to lose.
