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Top 15 Cryptocurrencies for Profit (Updated Daily)

The Top 15 Crypto currencies for profits will vary considerably depending on where you are reading from. Because we are still in the early days of crypto, there are still too many loop holes, it is still not even clear what qualifies to be called a crypto currency, and what does not. Some ‘projects’ become suddenly popular, and then rise in valuation, only to crumble to dust in a few weeks.

An incredible example is Squid Game Coin which was inspired by the wildly popular Netflix Korean movie series based on a deadly tournament. How that became an idea for a crypto currency, and what real world application Squid Game Token was supposed to have remains unclear, but in October 2021 Squid Game Token was the most popular ‘crypto currency,’ and all of a sudden, it ended just as soon as it started.

On the other hand, there have been many crypto projects that have lived up to their billing; building wealth for early adopters, and going on to have real world use cases.  The question remains how to identify those coins early.

Top Crypto For Profit After Bitcoin

Ethereum

Ethereum was released on 30 July 2015. It is an open-source, decentralized block-chain. Ether (also called Ethereum) is the second most accepted, and the second most popular crypto currency in the world at the moment. Ether has the second highest market valuation.

Ether is accepted by accepted by several companies around the world, including pizza deliveries, a jet booking service, an interior design company, a pet supply retailer, and so many other companies. Of course Ethereum is also accepted by several vendors and online hustlers too many to count.

Binance Coin

Binance Coin is a project that was launched in June 2017. This project is backed by binance which is the world’s largest crypto currency exchange. Binance Coin is already the world’s third most important crypto currency by market capitalization.

The primary use of Binance Coin was to pay for services on Binance, but now it has gained a lot of acceptance. You can use Binance Coin to pay for travel on some tour booking services. You can also Use Binance Coin as collateral to take out loans on some loan apps. Betting and Gaming sites also take BNB, and some Night clubs even accept Binance Coin. Countless vendors and e hustlers also accept Binance Coin. Please do not let the name fool you; Binance coin is accepted on so many exchangers.

Tether

Tether is a cryptocurrency stablecoin which appeared on the scene back in 2014. It is not decentralized, and its existence is controlled by the company that launched it – Tether Limited Incorporated.

Nevertheless, this is one of the world’s most traded crypto currencies; at one time it surpassed bitcoin as the world’s most traded crypto.

Tether is extensively used in e commerce; this may be attributed to the fact that it is stable – rather than other cryptos which may experience high levels of volatility.

Solana

Solana was launched in April 2019. It is a public blockchain platform that is open-source and decentralized. The system uses proof of stake and proof of history. This is a very similar crypto currency to Ether, and the system is very similar to Ethereum, but then the very principle of crypto is decentralization, and the breakdown of monopolies.

Solana is very well accepted; in fact the system went offline on 14 September 2021, due to a surge in transactions (about 400,000 transactions at the same time.)

Ripple

Ripple was initially released in 2012. It is designed to be a means of gross settlement that will be effected in real time. Ripple is also designed to serve as a means of currency exchange and remittance. It is maintained by Ripple Labs Inc.

The main selling points of ripple are: the speed of transactions, and secondly; the minimal fees for transactions. One good thing about ripple is that the price is not fixed; it is determined by the forces of demand and supply. 

USD Coin

USD Coin is another stablecoin which has become very popular in recent years; even becoming one of the top cryptocurrencies for profit. USD coin was launched  in 2018.

Please note that this is not a central bank currency; it is owned and managed by a private company called Circle.

Nevertheless, the crypto has gained acceptance; it is one of the most traded currencies.

Cardano

Cardano was launched 27 September 2017. It is a public blockchain platform that is open-source and decentralized. The system uses proof of stake. The cypto can be used to facilitate peer-to-peer transactions with its internal cryptocurrency, Ada. One of the co-founders of Ethereum Charles Hoskinson.

Cardano is accepted by several companies (32 at the time of writing) and they include web development companies, a flower shop, a credit card company, a clothing company, an automobile repairs business, and a cannabis dealer. There are thousands of vendors and e hustlers who accept Cardano.

Dogecoin

Dogecoin was released on December 6, 2013. It is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer. They apparently created this crypto as a joke; but it has so far proven to be a scalable project which can potentially play an important role in the online payments of the future.

Dogecoin is one of the most well accepted crypto coins in the world; it is accepted by vendors from all over the world. Dogecoin has quite a high market capitalization. It has had a resurgence of interest and price with the frequent tweeting about it by Elon Musk. Already, Dogecoin has been one of the biggest cryptocurrencies for profit so far, and it certainly has an interesting future ahead.

Avalanche

Avalanche is a blockchain that interconnects decentralized applications and custom blockchain networks. It was launched in 2020, and is already one of the competitors trying to unseat Ethereum. The major talking point of Avalanche is that it has a higher transaction output of up to 6,500 transactions per second. It uses smart contracts and has several apps made by the developers to scale person to person transactions.

The question is: is this not a duplication of Ethereum?

Shiba Inu

Shiba Inu was launched in August 2020. It is a decentralized cryptocurrency, but often regarded as a “meme-coin.” The creators have decided to remain anonymous; going by the pseudonym “Ryoshi.” Shiba Inu also has the face of a dog as its logo, just like Dogecoin.

The major talking point of Shiba Inu is that Vitalik Buretin, the founder of Ethereum donated more than 50 trillion SHIB to the India COVID-Crypto Relief Fund. The donation was worth about $1 billion at the time.

Shiba Inu has been one of the major winners of late 2021; the coin has rising in price by an average of about 240 percent every week, during the month of October. Shiba Inu is therefore one of the best cryptocurrencies for profit, although past performances do not guarantee future profits.

Chainlink

Chainlink was founded in 2017. It is a decentralized blockchain that enables universally connected smart contracts. Chainlink allows blockchains to securely interact with one another. The developers have done the hard work of finding partners that will turn this project into a secure peer to peer means of exchange. Chainlink is one of the top crypto-currencies by market capitalization.

Bitcoin Cash

Bitcoin Cash is a cryptocurrency that is a fork of Bitcoin. Essentially, it is a spin-off of bitcoin’s technology, and name. it can be considered a cheap copy of the same; an alternative for those who cannot afford the real thing. It would not be wrong to call this “poor man’s bitcoin.’

Bitcoin Cash was launched in 2017, and immediately became popular. It is one of the biggest crypto by market capitalization as at March 12, 2024.

It remains to be seen whether this fork will actually produce the desired results which include faster transactions. Nevertheless, some traders have already made a huge windfall by trading or investing in this crypto.

MATIC

Matic is another cryptocurrency that functions off the Ethereum network. Matic (Polygon) transforms Ethereum into a full-fledged system that accommodates many different blockchains. To be honest there are already other blockchains that perform this function.

Matic is already one of the biggest cryptocurrencies by capitalization. Many investors have expressed confidence that the token will continue to exist, and that it will play a big role in the future development of cryptocurrencies.

Render Network

Render Network is an Ethereum based blockchain that distributes the GPU load needed to convert complex 2D or 3D files into usable screen images. This may be of great profit to content creators who can submit their work to the network for rendering.

This is potentially a revolutionary system; it can possibly change the way the world views multimedia files. Multimedia files are everywhere; from entertainment to advertising.

Render Network was founded in 2016; by Jules Urbach who previously owns OTOY Incorporated; a cloud rendering company.

The Graph

The Graph is a system for querying data on blockchain. This system starts with Ethereum, but will soon be available to other blockchains as well.

This is a very valuable thing because, with the cheer amount of data pouring into Blockchain per minute, it becomes easy for the data to be lost or forgotten. As the world continues to discover ways to make things better using Blockchain, it becomes necessary to find ways to make blockchain work – to make it live up to the expectations of the people.

It is safe to say that this project will be adopted en-masse in the near future, and the currency it is associated with will become very valuable.

The Following Crypto were previously in the top 15, but have now fallen below:

Polkadot

Polkadot was launched in October 2017. It is a somewhat different project; a multi-chain architecture that allows external networks to communicate, thus becoming a kind of internet of blockchains. This project was created by one of the co-founders of Ethereum; Gavin Wood.

Polkadot is already quite well accepted; it ranks quite highly among cryptocurrencies in terms of market capitalization.

Uniswap

Uniswap is a decentralized finance protocol that is used to exchange cryptocurrencies. The project was launched on November 2, 2018, by Hayden Adams, a former mechanical engineer at Siemens. With this protocol, there is the possibility to make automated transactions between cryptocurrency tokens. This project works with the Ethereum blockchain.

Uniswap is one of the biggest crypto currencies by market capitalization; it is available on all the top crypto currency exchanges.

Wrapped Bitcoin

Wrapped Bitcoin was launched in January 2019. It is a project that BTC to the Ethereum blockchain. One of the main use cases for WBTC is that bridges Bitcoin and Ethereum. You can use Defi applications to move value around, making quick payments to peers and vendors.

The developers have done a lot of work with the marketing; this crypto coin already has a market capitalization that rivals some of the older crypto coins. This has been one of the best cryptocurrencies for profit in recent times.

Litecoin

Litecoin was launched on 7 October 2011. It is a decentralized cryptocurrency which is technically similar to Litecoin upon which its design is based. Litecoin is a peer-to-peer cryptocurrency; one of the earliest altcoins. The Litecoin Network processes a block every 2.5 minutes, compared to Bitcoin’s 10 minutes. This means Litecoin confirms transactions much faster than Bitcoin, and that is its major talking point.

Litecoin is one of the oldest altcoins, and is one of the biggest crypto currencies by market capitalization.

Can Shitcoins Be Profitable?

Trading shitcoins can be profitable; that is in the short term. Traders who have successfully made huge windfalls trading shitcoins usually adopt a strategy of getting in and out as quickly as possible.

Traders may find a way to identify coins that can be potentially profitable, and then set their parameters such as size of trade, stop-loss and take profits. However, all of this must be done as quickly as possible.

This is because coins that have no value generally fail in the long run. Shitcoins are therefore prone to more volatility, and are therefore a lot more risky.

Further Reading:

Conclusion:

One thing that is evident in crypto currencies is the clear evidence of demand and supply at work. One approach that several traders have adopted is to buy when the crypto community is buying (pumping), and sell when they are selling. That may mean that every cryptocurrency on this list is potentially the best cryptocurrency for profits, if you get the timing right.

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