If you are reading this article, chances are you might already know about the Crypto market or the Exploring Crypto market. Well, at this time everybody pretty much knows about Cryptocurrencies, even the most popular coin right now which is BITCOIN(BTC). We get to hear about Bitcoin every time and Now.
Now the question is, are there are any other coins other than Bitcoin?
The answer is yes, there are like 12,000 cryptocurrency coins or called ALTCOIN right now and every Currency has its own value and works differently from each other.
Some Altcoins are Solana, Polkadot, DogeCoin, ShibuInu, Cardano, Polygon, Luna, Ethereum(ETH), Uniswap and the list is long.
But there are some coins which are in trend right now as everyone is showing interest in buying them which increases their values.
Solana(SOL):
Solana is a decentralized blockchain built to enable scalable, user-friendly apps for the world. It was founded by Anatoly Yakovenko in 2017. Anatoly Yakovenko founded Solana Labs, which is the decentralized blockchain platform that focuses on providing the cheapest, safest and fastest, and censorship-resistant network.
Solana labs released their cryptocurrency which is SOL coin.
Solana(SOL) has seen significant growth in the market in recent years. Solana has jumped into the Top 10 spot on most invested currency in 2021 and has tripled growth in 2021 with a market value of more than $41 billion. Solana is growing at a faster rate which makes it the favorite choice for investors.
Cardano (ADA):
Cardona is also the public blockchain platform that is an open-source and decentralized network and is in competition with ethereum. It is more affordable in comparison to ethereum.
Cardona was founded in 2015 by Ethereum co-founder Charles Hoskinson.
Cardona has released the new cryptocurrency called ADA. ADA works on the Cardona exchange, ADA can be bought or sold on fiat or any other cryptocurrencies on any crypto Exchange.
Polkadot(DOT):
Polkadot unites a network of heterogeneous blockchains called parachains and parathreads. These chains connect to and are secured by the Polkadot Relay Chain. They can also connect with external networks via bridges.
It was founded by Gavin James Wood in 2020. It also launched its cryptocurrency called DOT Token.
Polygon (MATIC):
Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks. Aggregating scalable solutions on Ethereum supporting a multi-chain Ethereum ecosystem.
Polygon (formerly Matic Network) was launched in October 2017. It was co-founded by Jaynti Kanani, Sandeep Nailwal, and Anurag Arjun.
Polygon is self-described as a Layer 2 scaling solution, which means that the project doesn’t seek to upgrade its current basic blockchain layer any time soon. The project focuses on reducing the complexity of scalability and instant blockchain transactions.
Polygon was formerly called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon Network, a scaling solution for Ethereum. Polygon aims to provide faster and cheaper transactions on Ethereum using Layer 2 sidechains, which are blockchains that run alongside the Ethereum main chain. Users can deposit Ethereum tokens to a Polygon smart contract, interact with them within Polygon, and then later withdraw them back to the Ethereum main chain. The MATIC token is used to pay transaction fees and participate in proof-of-stake consensus.
Tethers (USDT):
USDT is a stable coin (stable-value cryptocurrency) that mirrors the price of the U.S. dollar, issued by a Hong Kong-based company Tether. The token’s peg to the USD is achieved via maintaining a sum of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills in reserves that are equal in USD value to the number of USDT in circulation.
USDT — or as it was known at the time, Real coin — was launched in 2014 by Brock Pierce, Reeve Collins, and Craig Sellars.
The famously high volatility of the crypto markets means that cryptocurrencies can rise or fall by 10–20% within a single day, making them unreliable as a store of value. USDT, on the other hand, is protected from these fluctuations.
