Oct 7, 2022 at 04:41Contents
Most people, even those far from the world of cryptocurrencies, have heard of Bitcoin or Dogecoin. In fact, there are more than 20 thousand crypto coins! And when a newcomer starts to explore the world of cryptocurrency, he can get confused in this variety. However, with some research, it becomes clear that one should be interested not only in the mastodons of the Web3 world but also in smaller but no less promising blockchain projects. You can earn even more on those tokens than on the well-known digital gold.
To make it easier to find promising projects, we’ve compiled the ten most appreciated cryptocurrencies in the past 30 days. Here they are (according to CoinMarketCap as of October 7).
Quant (QNT)
QNT’s price is $137.39. The current rating is #35 among the tokens with the largest capitalization, with a total market cap of $1,658,665,188. There are 12,072,738 QNT coins in circulation, and the maximum supply is 14,612,493.
Project Quant launched in June 2018, intending to connect blockchains and networks globally without compromising network efficiency or interoperability. It is the first project to create a blockchain operating system.
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The project is built as a distributed accounting technology operating system — and Overledger Network — to connect different blockchain networks.
Overledger allows developers to create decentralized, multi-chain applications (MApps) for their clients. But to do so, they need to have a certain number of QNT tokens.
XRP (XRP)
XRP has reached the price of $0.491210. The token is rated #6 and has a market value of $24,491,036,603. The circulating supply is 49,858,575,704 XRP, with a maximum of 100,000,000,000 coins.
XRP Ledger, a decentralized open-source technology, was launched in 2012. It has a low transaction cost ($0.0002), high speed (3-5 seconds), good scalability (1,500 transactions per second), and good carbon neutrality and energy efficiency. XRP Ledger has a decentralized exchange (DEX) and custom tokenization built right into the protocol.
Reserve Rights (RSR)
RSR tokens have reached a price of $0.008986, and the company is now ranked #90 with a total market cap of $380,145,705. There are 42,302,323,974 RSRs in circulation and the maximum supply is 100,000,000,000.
Reserve Rights (RSR) is an ERC-20 (Ethereum Blockchain Smart Contracts Standard.) token that serves to insure reserve stablecoins (RTokens) by stacking and managing them by offering and voting on changes in their configuration.
The RSR governance token was launched in May 2019. In exchange for providing insurance, RSR holders receive a portion of RToken revenue.
Casper (CSPR)
Casper’s value rose to $0.035273 in a month, and its current position in the ranking is #93. Market capital has reached $367,040,665. There are 10,405,714,218 CSPR coins in circulation (maximum supply unknown).
Casper (CSPR) is the first blockchain platform built on the Casper correct by construction (CBC) specification. It is designed to accelerate the adoption of blockchain technology, smart contracts, and DApps globally. The architecture allows Casper to constantly change based on user needs and be accessible to all levels of developers.
Compound (COMP)
The Compound token is priced at $59.57 with a #78 ranking. The market cap is $432,897,665, and there are 7,267,152 COMP coins in circulation (with a maximum supply of 10,000,000).
The Compound is a DeFi (Decentralized Finance, an independent financial ecosystem open to all users.) lending protocol that allows users to earn interest on their cryptocurrencies by contributing to the platform pools.
Helium (HNT)
Helium’s price reached $4.99, and the CoinMarketCap ranking rose from 69th to 64th, with a market cap of $637,822,291. There are 127,758,531 HNT coins in circulation, with a maximum supply of 223,000,000.
Helium (HNT) was launched in 2019. It is a decentralized, blockchain-based network for the Internet of Things (IoT) devices. The platform allows small wireless devices to communicate with each other by sending data through a network of nodes. Users are rewarded for mining in the form of an HNT token.
Ethereum Name Service (ENS)
ENS token price is $17.12, with a place in the overall cryptocurrency ranking #99. The market capital of Ethereum Name Service has reached $346,498,762. There are 20,244,862 ENS coins in circulation, with a maximum supply of 100,000,000.
Ethereum Name Service (ENS) is a distributed, open and extensible system based on the Ethereum blockchain.
The Ethereum Name Service allows transactions using abbreviated “names” instead of wallet numbers. Thus, ENS names act as tokens and can be traded on different platforms.
XDC Network (XDC)
XDC Network is valued at $0.031694 with a #87 ranking. The market cap is $389,998,561. There are 12,305,012,699 XDC coins in negotiable supply (maximum number unknown).
XDC Network (formerly XinFin Network), launched in 2019, is an enterprise-level carbon-neutral hybrid blockchain built from the ground up to meet the growing needs of global financial institutions, retail users, and entrepreneurs.
XDC Network is a highly optimized fork of Ethereum. It uses a consensus Proof-of-Stake (XDPoS) mechanism that delivers two-second transaction times, near-zero gas fees, and over 2,000 transactions per second (TPS). Validators need to perform a minor Proof-of-Work (PoW) when proposing a new block, making the network resistant to spam.
ApeCoin (APE)
Another August loser, ApeCoin, rose in value from $4.69 to $5.18 and now ranks at #37 (was #36), with a market cap of $1,589,951,327. APE’s circulating supply is 306,875,000 coins, with a high of $1,000,000,000.
ApeCoin is an ERC-20 utility token in the APE ecosystem designed to empower and stimulate interest in web3. The decentralized project was inspired by Yuga Labs NFT’s — Bored Ape Yacht Club.
Token holders manage the ApeCoin DAO, vote on how the APE Foundation ecosystem fund should be used, and also get access to exclusive games and services. 62% of all ApeCoin went to the ecosystem fund, which will support community initiatives voted on by members.
ApeCoin is likewise needed for developers to participate in the ecosystem by incorporating ApeCoin into services, games, and other projects.
Algorand (ALGO)
ALGO is priced at $0.343481, and the token ranks #29 with a market cap of $2,409,558,628. There are 7,015,121,698 ALGO coins in circulation and a maximum supply of 10,000.
Algorand launched in 2019. It is a decentralized, blockchain-based network that supports many applications. The main network could already process almost 1 million daily transactions a year after launch.
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