If you're just entering crypto, it's worth starting with the top 10 currencies. Yes, there are risks there too, but they are much lower than in projects ranked 1000 and above. The reason is simple: the top 10 are projects that have been on the market for a long time, they have a huge user and investor base, so they are more stable.
Let's figure out which currencies we're talking about.
First is Bitcoin. The biggest cryptocurrency, and there's nothing to explain here. If you don't hold BTC in your portfolio yet, you should fix that. Even if you bought Bitcoin today and it drops 50% tomorrow, that's not a problem. Close the app, wait a few months or even years, and come back. History shows that Bitcoin has always recovered and gone higher. It is the best digital asset in history.
Ethereum is second on our list. It is truly a revolutionary currency. Before ETH, cryptocurrencies were just numbers traded. But when Ethereum appeared, everything changed. Smart contracts opened up completely new possibilities and launched this entire crypto revolution we see now.
Third is BNB. It is the currency of one of the major networks and is actively used as a fee within the ecosystem. The network is developing, attracting projects, and BNB benefits from this.
We want to mention XRP — the currency of the Ripple network. Its story is interesting: Ripple is working on creating infrastructure for governments and financial institutions so they can use digital currencies. This is a serious narrative that attracts the attention of institutional investors.
Solana (SOL) gained a big boost in recent years. The network is fast, fees are low, and many projects, including meme coins, have launched on it. This attracted a lot of attention and traders.
TRON (TRX) — the currency of the Tron network, known for its minimal fees. If you need to transfer funds cheaply, this is one of the best options.
Cardano (ADA) — a project by one of Ethereum’s founders, Charles Hoskinson. One of the oldest networks that continues to develop.
Dogecoin (DOGE) — a meme coin. No real use case, but it became famous thanks to support from well-known people. It’s an interesting asset but riskier than the others.
Bitcoin Cash (BCH) — a fork of Bitcoin created to be simpler for everyday transactions thanks to low fees.
And finally, in our list — Chainlink (LINK). This project is about creating infrastructure for blockchain through oracles, which provide prices and data to smart contracts.
Ultimately, what to choose is your decision. Each of these currencies has its own history and potential. The main thing is to study what you like and invest consciously. You can trade them on different platforms, choose the one that’s more convenient for you.