These are the best cryptocurrencies to invest in the crypto market

Cryptocurrencies have been gaining a lot of popularity these days as most investors across the globe started to invest in the crypto market, blockchain technology, and in DeFi. Cryptocurrencies such as Bitcoin, Ethereum, Cardano, Dogecoin, and Tether are making headlines too. Here are the best Cryptocurrencies to invest in this October.

10 Uniswap (UNI)

Market cap: US$14.44 Billion

UNI is a cryptocurrency exchange protocol that works on a decentralized basis. The name of the company that created the Uniswap protocol is also Uniswap. Using smart contracts allows for automated transactions to occur between cryptocurrency tokens on an Ethereum blockchain making it one of the best cryptocurrencies to invest in.

9 Polkadot

Market cap: US$32.89 Billion

Polkadot is one of the proof-of-stake cryptocurrencies that focuses on blockchain interoperability. Using the Polkadot relay chain enables an internet where independent blockchain can share information and transactions in a trustless manner. This is one of the best cryptocurrencies that aims to create and connect decentralized apps that work easier.

8 Dogecoin (DOGE)

Market cap: US$29.76 Billion

Even though this cryptocurrency has emerged as a joke, it has been popular and making headlines these days too. There was a huge increase of about 15,000% making it one of the best cryptocurrencies to buy in 2021.

7 ChainLink (LINK)

Market cap: US$11.921 Billion

LINK is one of the best cryptocurrencies to invest in this year as this project is popular among retail and institutional investors alike. The cryptocurrency expands the capabilities of smart contracts by allowing access to real-world data and off-chain computation by ensuring reliability and security to inherent blockchain technology.

6 Ripple's XRP

Market cap: US$51.71 Billion

Ripple is one of the oldest blockchain projects across the globe. Ripple is not like other cryptocurrencies; it is unique in its way as it makes cross-border payments easier. Ripple is a cryptocurrency that is a digital payment network for financial transactions. It is one of the best cryptocurrencies created as a payment token to be used on its decentralized payment systems.

5 Cardano (ADA)

Market cap: US$69.58 Billion

The Cardano network has a smaller space that appeals to investors for several reasons. Cardano consumes less energy to make a transaction than compared to larger networks like Bitcoin. This means that the transactions are cheaper and faster. The cryptocurrency claims to be more secure and flexible.

4 Binance Coin (BNB)

Market cap: US$6.72 Billion

Binance Coin is one of the best cryptocurrencies to reach its peak after 2017. In the same year, there was also a bull market and the prices went up reaching a peak before plateauing and decreasing in value. Unlike other cryptocurrencies, Binance coin continued a slow but consistent trend upward after 2017. The cryptocurrency has proven to be one of the more stable investment options, with lesser risks.

3 Tether (USDT)

Market cap:  US$68.74 Billion

Tether, formerly known as Realcoin, was launched in 2014 and is one of the best cryptocurrencies to be pegged to the US dollar. Tether is a blockchain-based cryptocurrency whose coins are backed by the sum of conventional fiat cryptocurrencies kept in a specified bank account such as euro, dollar, and yen. Tether is the third-largest cryptocurrency by market capitalization in January 2021.

2 Ethereum (ETH)

Market cap: US$412.01 Billion

Ethereum is different from Bitcoin as it is not just a cryptocurrency but also allows developers to create their cryptocurrencies too. It is the second-largest cryptocurrency in the crypto market. It is used for decentralized finance and exchanges of non-fungible tokens and many Initial Coin Offerings (ICOs).

1 Bitcoin (BTC)

Market cap: US$1.07 Trillion

Bitcoin is the most popular cryptocurrency in the crypto market. Because of its price, volume, and a market cap that's much higher than any other investment option. Even though there exist many cryptocurrencies in the market, Bitcoin still represents over 43% of the crypto market. When it comes to big tech companies, Tesla announced in February it has invested about US$1.5 billion and started to accept payment for its cars too.