The cryptocurrency market is thriving again and other than the few most well-known cryptocurrencies out there, there are hundreds more with a large niche user base
Trading in crypto is similar to trading with any other digital asset โ the best way to go is to hedge your bets and invest in different currencies.
In this article, we will go through some of the best crypto to buy this Autumn. These are the currencies that have a stable user base and that are rising in popularity and usage lately. Some of them are a bit smaller than others, but if they made it on our list they have a niche that made them popular.
Bitcoin BTC
Bitcoin is the first, the most well-known, and the most valuable cryptocurrency out there. It was created in 2009 by Satoshi Nakamoto and itโs become synonymous with cryptocurrencies in general. Over the years the value of BTC has both skyrocketed and plummeted down. However, the currency is still widely used both as a way to store value and as a digital ledger.
In May 2016, the price of a single Bitcoin was worth about ยฃ370. As of 6 September 2023, the figure is around ยฃ20,488. The market cap for Bitcoin is $398 billion.
Ethereum ETH
Ethereum is the second largest cryptocurrency. Itโs also a blockchain platform and the technology behind it has proven to be the most versatile when it comes to digital applications. Thatโs why ETH is the most used crypto for online gambling and smart contracts in general.
ETH has gone through its ups and downs as most other cryptocurrencies have. From April 2016 to 6 September 2023, its price went from about ยฃ8 to around ยฃ1,298. The market cap is $156 billion.
Tether USDT
Tether is different from most other currencies on our list because itโs not decentralized in the way most cryptocurrencies are. Itโs what is known as stablecoins. This means that the value of Tether is tied to the value of the US dollar. Stablecoins combine the high-tech features of cryptocurrency with the security that comes with being tied to a fiat currency.
Some find this fact comforting and therefore useful. However, others are not that sure about investing in stablecoins as the decentralized nature of cryptocurrencies is their most important feature. The market cap for Tether is $66 billion.
Binance Coin BNB
Binance coin has been around since 2017 and it started as a coin tied to a trading platform. Now, itโs expanded far beyond that and itโs used in almost every industry as a trusted and simple payment method. At this point, BNB is used by many traditional industries such as the insurance and hospitality industry.
The value of BNB has proven to be volatile as much as the next cryptocurrency and itโs gone through a few downturns. In 2017 it was priced under 10p. By September 2023, its price had risen to around ยฃ171. The market cap is set at $26 billion.
XRP
XRP is a cryptocurrency created by a digital payment protocol Ripple. Itโs one of the older cryptocurrencies out there, founded in 2012. XRP is used to facilitate trade and payment processing, and it can be exchanged for any other crypto or fiat currency.ย There was a legal dispute between XRP and the US Securities Commission and it was ruled that XRP is in fact a digital coin and not a payment protocol, since thatโs how itโs used.
At the beginning of 2017, the price of XRP was ยฃ0.004. As of 6 September 2023, its price reached ยฃ0.39. The market cap for XRP is set at $21 billion.
US Dollar Coin
The US Dollar coin is another stablecoin, as the name suggests. The value of the coin is tied to the US dollar in one to one ratio. This means that youโll get one US Dollar Coin for one US dollar. Unlike the other stablecoin we mentioned, US Dollar Coin is based on the Ethereum blockchain technology.
This makes the Dollar Coin so unique. It can be used for any purpose you would use Ethereum, such as creating smart contracts and providing proof of action. The market cap is $20 billion.
Cardano ADA
Cardano ADA is somewhat new to the world of cryptocurrencies, especially when compared to the other currencies on our list. It was developed in 2015 and launched in 2017. It was one of the first cryptocurrencies that started using proof of action.
This method makes transactions faster and lowers the amount of energy needed to complete the transaction, which is an important concern for cryptocurrency users. In 2017, Cardanoโs ADA tokenโs price was about ยฃ0.015. As of 3 August 2023, its price was at ยฃ0.20. The market is capped at $7.1 billion.
Dogecoin
Dogecoin was started in 2017 as a joke. It was based on the online meme but after a while, it actually caught on and became a valid and widely used cryptocurrency. Dogecoin is also different because it can be devalued. Thereโs no limit to how many Dogecoins can be created and therefore the value of the coin can be changed by creating more.
Dogecoinโs price in 2017 was ยฃ0.00016. By September 2023, its price was at ยฃ0.05. The value is predicted to increase by two more percent by the end of the year. The market cap for Dogecoin is $7.1 billion
Solana
Solana was developed to finance decentralized finance uses such as decentralized apps and smart contracts. It has a unique hybrid of proof-of-stake and proof-of-history mechanisms. These are made to make the transactions fast and secure.ย Thatโs why Solana is so widely used in online purchases and other industries that require fast and easy payments.
When it launched in 2020, SOLโs price started at ยฃ0.57. By September 2023, its price was around ยฃ15.54, a gain of around 3,072%. The market cap for Solana is $6.3 billion. Due to its unique technology, chances are Solana will expand in the years to come.
Tron TRX
Tron is similar to Solana in the sense that itโs also a cryptocurrency made to make smart contracts easier and safer. TRX is the platform native to cryptocurrency and it powers the proof-of-stake algorithm. The tech is used to power smart contracts and decentralized apps. It was established in 2014.ย The currency was a part of controversy when it was revealed that a number of celebrities promoting Tron online were paid for their services, without the company disclosing it.
Tron is also behind the stablecoin USDD worth 0.96 US dollars per coin. TRX was initially valued at 0.015p per token. TRX is currently valued at around ยฃ0.06. The market cap is set at $5.5 billion.
To Sum Up
Many cryptocurrencies are a good investment for this autumn. These cryptocurrencies are based on top-notch technology and they have a variety of innovative uses. All of the currencies on our list can be used to make purchases and store value just as any other fiat currency.
Make sure to learn about the cryptocurrency before investing. Itโs also important to hedge your investments and buy at least a few cryptocurrencies just to make sure since you can never know which currency can suddenly become popular.
ALSO READ: Eden Hazard net worth in 2023, bio, age, height, nickname, wife, teams, stats