If you’re new to the crypto coin community, you should know that thousands of cryptocurrencies exist. The plethora of choices can make spotting the market performers from the index duds a little overwhelming, but there are always a few gems in the pack to filter out.
This article will help you navigate the complicated crypto world and highlight some top crypto coins performing on the market. This article will compare and contrast Binance Coin (BNB), Cardano (ADA) and the new presale sensation DogeMiyagi (MIYAGI).
What Are Cryptocurrencies?
If you’re considering investing in digital finance and attempting to decide which is the toast of the crypto town, you’ll need some background information. Cryptocurrencies are often called digital assets, designed to circulate without the influence of a government or the centralized authority of a bank. Currently, 23,171 cryptocurrency projects are tussling for the top spot, representing a total worth of £954 billion in the crypto market.
Finance Means Binance
Cryptocurrency projects include numerous projects and assets aiming to achieve different goals to help the digital finance structure function optimally. These projects also have native coins that operate on these mechanisms, like Binance Coin (BNB) created for the Binance exchange.
BNB was launched in July 2017 and has enjoyed the freedom, stability and low cost of transactions on its exchange. BNB has shown remarkable resilience during market fluctuations. When writing this article, BNB was trading at $311.61; it rose by 0.14% over the last 24 hours; however, the price has seen an overall drop of 4.41% over the past week. Market capitalization sits at $48,567,588,765.
Another Cardano Block In The Chain
A Blockchain has many functions, one of which is to record transactions across many computers to keep track of the complicated world of digital finance. Cardano is one of these blockchains and was successfully developed to process transactions with its native coin ADA.
Cardano also launched in 2017, and over the past six years, its native coin has held a consistency in the market many other projects covet. The reason why ADA is the second top crypto coin of 2023 is down to this market resilience. When writing this article, the ADA was trading at $0.3613, rising by 0.18% over the last 24 hours. Over the past week, the ADA price has dropped by 7.86%. Market capitalization currently sits at $12,589,884,828.
The Killer DogeMiyagi Machine!
The final choice for the top crypto coin of 2023 is DogeMiyagi, a new meme coin enjoying a fantastic presale creating an industry buzz. This new token project has turned a few heads with this Karate pooch, imparting wisdom and a need for a unified community.
There are a series of exciting features in development for DogeMiyagi, the first being the Dogemiyagi NFT, designed to be an elite club for people who want to get involved with the vibrant Dogemiyagi ecosystem. Although the NFT development is in its very early stages, there promises to be enticing freebies with a ‘genuinely immersive experience.’
Another exciting DogeMiyagi project in development is the Killer Swap Machine fueled by Uniswap. The user-friendly decentralized exchange service aims to enable users to trade the MIYAGI token with ease and security. When a token is in presale, it’s the perfect time to get involved, as market tension cannot affect its valuation.
Final Thoughts
Considering 23,171 cryptocurrency projects are operating right now, it’s no wonder there is tough competition as new projects are constantly hitting the market. For any coin to succeed, you need consistency and positive market sentiment. It’s early days for DogeMiyagi, but early indications suggest this new meme coin has a bright future.
Be sure to check out Dogemiyagi below:
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
