SOLANA ( SOL ) # 6 - Developed to help power decentralized finance ( DeFi ) uses , decentralized apps ( DApps ) and smart contracts , Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions quickly and securely . SOL , Solana ’ s native token , powers the platform . Launched in 2020 , SOL ’ s price started at $ 0.77 . By October 2021 , its price was almost $ 201.91 , a gain of more than 26,000 %. ( Solana has a current market cap : Over $ 60 Billion )
XRP ( XRP ) # 7 - Created by some of the same founders as Ripple , a digital technology and payment processing company , XRP can be used on that network to facilitate exchanges of different currency types , including fiat currencies and other major cryptocurrencies . At the beginning of 2017 , the price of XRP was $ 0.006 . As of October 2021 , its price reached $ 1.08 equal to a rise of 17,900 %. ( XRP has a current market cap : over $ 50 Billion ).
" Both a cryptocurrency and a blockchain platform , Ethereum is a favorite of program developers because of its potential applications , like so-called smart contracts that automatically execute when conditions are met and non-fungible tokens ( NFTs )."
Polkadot ( DOT ) # 8 - Cryptocurrencies may use any number of blockchains ; Polkadot ( and its namesake crypto ) aims to integrate them by creating a cryptocurrency network that connects the various blockchains so they can work together . This integration may change how cryptocurrencies are managed and has spurred impressive growth since Polkadot ’ s launch in 2020 .
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