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There are more than a thousand cryptocurrencies in the market, at the moment, and the most popular one out of the lot is Bitcoin. With frequent market volatility, choosing the right cryptocurrency, apart from the ever-expensive Bitcoin, for investment becomes an overwhelming task. To help you make smart investments, here are the best cryptocurrencies with the most growth potential in September.
Cardano is touted for its proof-of-stake validation, which reduces transaction time and uses less energy. Because environmentally friendly coins have become the latest hot topic, Cardano serves the purpose. It also has many use cases as it enables smart contracts and decentralized applications. Compared to other cryptos of its kind, Cardano sees less market volatility.
XRP is a token created by Ripple, a digital technology and payments processing company. To enable the exchange of other cryptocurrencies on the network, XRP can be traded for traditional currencies as well. XRP has seen massive growth over the years and now several banks are using this blockchain network for their modern banking functions.
Binance Coin is used to trade other cryptocurrencies and pay fees on Binance, one of the biggest cryptocurrency exchanges in the world. It was launched in 2017 and can now be used for many functions like even booking travel arrangements. If you are going to invest in cryptocurrencies for the first time, it's best to invest in Binance first and then trade it for other cryptocurrencies.
While there is not much hype around Dogecoin at the moment, this digital coin still attracts many investors. Cryptocurrencies like Bitcoin come with a limited coin supply, but Dogecoin has no limit. What was started as a joke in 2013 is now seeing a myriad of supporters, from billionaires to celebrities?
Tether is a unique cryptocurrency as it is a stable coin. Stable coins are backed by fiat currencies like the US dollar or the Euro, which means anyone who buys 1 Tether coin will be guaranteed the value of one fiat currency. Theoretically, this means Tether's value will be more stable than other cryptocurrencies amidst market volatility.
USD Coin is also a stable coin with its value pegged to the US dollar. For every USD Coin bought, the investor will be assured the value of US$1. This coin is powered by Ethereum which means it can complete transactions on a global scale.
Landshare is created to leverage the real estate industry. Based on the Binance Smart Chain and DeFi principles, users can use Landshare for house flipping projects, and make passive income via rents. Launched in August this year, Landshare is gradually getting traction. Initially, it was priced at US$3.6, and at the time of writing, it is trading at US$2.67.
There are more than 7000 cryptocurrencies in the market that use various blockchain networks. Polkadot's aim is to integrate them all by creating a cryptocurrency network that connects all the blockchains to work in sync. This ambitious mission has attracted many experienced investors, booming Polkadot's growth.
Ethereum is the network that powers the token Ether. Ethereum is a developer's favorite platform as it supports smart contracts that allow them to create apps based on the network. Ethereum has also seen massive growth over the years. Second to Bitcoin in market cap, it is now receiving more attention as the network announced its new upgrade Ethereum 2.0 that brings changes to this blockchain network and makes the token more environmentally friendly.
Uniswap runs on the Ethereum network and powers Uniswap crypto exchange. This exchange works on an automated liquidity model for trading, with no involvement of a bank or a broker. Uniswap is also an open-source platform, so anyone can use the code to create new exchange platforms. This token was launched in 2020, and in one year grew to become the 10th largest cryptocurrency.
