Now that you’re armed with all the important information you need to know to make a cryptocurrency investment, here are the top 10 cryptocurrencies for you to choose from.
Top 10 Cryptocurrencies To Buy
1.Bitcoin – BTC
MarketCap: $664,811,238,922
The king of all cryptocurrencies, Bitcoin, is the first of its kind to have the highest liquidity value.
This cryptocurrency aims at becoming a decentralized, global, peer-to-peer digital cash with no regulations. Despite the volatile nature of the market, Bitcoin is that the most stable one.
While the name is synonymous with cryptocurrency, Bitcoin’s popularity, demand, and adoption are expected to grow manyfold within the coming years. The future of that is already being shaped with companies opening to the idea of accepting Bitcoins for payment.
2.Ethereum – ETH
Market Cap: $283,031,081,911
Ethereum was the first cryptocurrency to introduce smart contracts that allow developers to create desktop and mobile decentralized applications powered by blockchain technology.
Ethereum has maintained its position within the top cryptocurrencies of all time ever since and features a loyal team of investors who vouch for this cryptocurrency. This means Ethereum features a better chance of remaining stable, after Bitcoins.
3.Binance Coin – BNB
Market Cap: $50,370,483,202
If you own either Bitcoins or Ethereums and want to diversify your portfolio, look no further than Binance Coin. The parent company, Binance, features a strong business history that has created a useful ‘utility token’.
The value of Binance Coin comes from its usefulness and its demand which is for traders to use Binance Coins to buy other cryptocurrencies on Binance Exchange.
It is worthy to notice that Binance Exchange is one of the world’s fastest-growing cryptocurrency exchanges and with every transaction done on the platform using Binance Coins, it is only becoming stronger.
4.Cardano – ADA
Market Cap: $47,595,284,811
This is a reasonable cryptocurrency that’s becoming a cult favorite at a rapid pace. Since its inception in 2015, it has become a strong player in the market with its Ouroboros blockchain, which means having two blockchains instead of one. Here, one blockchain will manage general ordinary transactions while the other will manage smart contracts.
The logic behind this is the ability of Cardano to remain scalable and fast as two types of transactions will not slow it down. Another interesting fact about Cardano is that the majority of the people that have invested in this cryptocurrency are from Japan.
Hence, Cardano is additionally referred to as the “Japanese Ethereum” because it uses the Proof of Stake algorithm which Ethereum has been getting to do for an extended time now.
5.Ripple – XRP
Market Cap: $40,617,389,244
Ripple gets a mention in this list because its vision is a little different from the rest of the cryptocurrencies on this list.
Ripple is a venture-backed startup that is known to offer finance settlement services to banks in a way to facilitates transactions directly and instantly across national borders. Over the years, it’s collaborated with large banks globally including the Bank of America. This makes it ideal for institutional investment instead of a private one.
6.Dogecoin – DOGE
Market Cap: $39,605,610,025
The fact that Dogecoin still stands strong after not being taken seriously as a press release in itself.
First, Redditors spiked the worth to new heights in early 2021 as to how to stop the speculated short-selling of Dogecoins by many Wall Street hedge funds. And then, Elon Musk called himself the “Dogefather” promoting this cryptocurrency further.
While many argue the legitimacy of this coin, Dogecoin continues to have its share of market value. In May 2021, Dogecoin hit its all-time high of $0.7399. After a steady growth further, Elon Musk’s SpaceX has now announced that it accepts Dogecoins as a mode of payment.
7.Bitcoin Cash – BCH
Market Cap: $12,561,026,087
Speculations around Bitcoin’s scalability gave rise to Bitcoin Cash, a peer-to-peer electronic cash system that is supremely scalable. It has a market cap of $8,993,553,011, one of the most important out of the lot.
With the name Bitcoin attached thereto, Bitcoin Cash is one among the most-eyed cryptocurrencies by big-time investors.
8.Litecoin – LTC
Market Cap: $11,637,978,931
Litecoin comes second on our list due to its market capital and liquidity value. Unlike Bitcoin’s 21 million supply, Litecoin is limited to 84 million coins with a block reward of 12.5 LTC, higher than other cryptos.
For miners, mining a Litecoin is going to be faster than the other cryptocurrency because the average time for a Litecoin is simply two minutes. The growing popularity of Litecoins makes this the best of the rest in all the altcoins.
9.TRON – TRX
Market Cap: $5,133,311,749
Did you recognize Tron was founded on Ethereum in 2017? Now with its blockchain platform, TRON is an independent cryptocurrency that also uses the Proof of Stake algorithm to process transactions. At present, Tron has a market capitalization of $4,406,488,234 which is expected to increase.
Compared to Ethereum, this crypto coin hosts more decentralized apps, which is what’s making it increasingly popular.
10.Zcash – ZEC
Market Cap: $2,023,830,398
Zcash can do what Bitcoin cannot. The blockchain that Bitcoin uses is transparent which makes tracking transactions easier but Zcash only allows transaction tracking if the user wants them to be tracked.
This means users have the choice to cover their transactions for another layer of privacy. Currently, Zcash is valued at $2,701,320,183 in the market and the researchers predict that the price will drop to open an investment window. If you would like to diversify your portfolio, be careful about this.
