The popularity of cryptocurrencies has been increasing over the years. We would have seen huge returns provided by these cryptocurrencies, with the promotion of these coins by Elon Musk and his company. Let’s look at the top cryptocurrencies in the market which you can choose to invest in in the year 2021.
Bitcoin
Ethereum
Binance Coin
Doge Coin
Tether
Cardano
Litecoin
Bitcoin Cash
XRP
Shiba Inu Coin
FAQ
Bitcoin
Bitcoin is considered to be the king of cryptocurrencies moreover the term cryptocurrency was bought into the limelight because of bitcoins. They have the highest liquidity value compared to any other cryptocurrency in the market.
Bitcoin is a decentralized digital coin with no restrictions. It is widely accepted across the globe and the increase in popularity of bitcoins has led companies such as Tesla to accept it as a payment gateway.
The market capitalization of bitcoin is USD 1,067,761,831,980 and the current price of one bitcoin is around USD 57,048.95.
Ethereum
Ethereum is a popular cryptocurrency after bitcoin. Ethereum is the second largest cryptocurrency in the market. Ethereum will let users to create smart contracts as it is a decentralized open-source blockchain. Ethereum is the second largest in market capitalization after bitcoin.
The market capitalization of Ethereum is USD 482,724,167,431 and the current price of one Ethereum is around USD 4,156.17.
Binance Coin
Binance Coin would be the best option if you are looking to diversify your cryptocurrency investment. Binance which is the parent company of this cryptocurrency has a strong business history and has created utility tokens. Traders also can use Binance coins for purchasing other cryptocurrencies in the market through Binance Exchange.
Binance Exchange is one of the fastest growing crypto exchanges in the crypto market.
The market capitalization of the Binance coin is USD 103,328,372,259 and the current price of one Binance Coin is around USD 673.67.
Doge Coin
DogeCoin which was initially started as a meme has now has a huge market capitalization in the cryptocurrency market. It has provided huge returns to its investors in the recent times. The cryptocurrency’s price was hyped and increased by the Reddit users in the early 2021 and later it was further supported by Elon Musk. Recently Elon Musk’s company SpaceX had announced that it would take payments in the form of Doge Coins. In a recent tweet Elon musk tweeted that if users wanted Tesla to accept Dogecoin.
Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk) May 11, 2021
The market Capitalization of Doge Coin is USD 64,411,150,712 and the current price of one Doge Coin is around USD 0.5.
Alan Joseph
Tether
Tether is a different type of cryptocurrency; it is called a stable coin. This cryptocurrency’s value is derived from the fiat currencies such as USD, Euros, etc. Investors who require more stability and less amount of volatility in their investment would choose to invest into the stable coins.
The market capitalization of Tether is USD 57,292,456,987 and the price of one Tether is around USD 1.00.
Cardano
Cardano is another popular cryptocurrency and is becoming a favourite one among the investors. This coin uses a different blockchain called as Ouroboros blockchain, which means that it has two blockchains instead of a single one. Most of the investors of Cardano are Japanese and it is popularly called as the Japanese Ethereum.
The market capitalization of Cardano is USD 57,111,319,394 and its current price is around USD 1.78.
Litecoin
Litecoin is another top cryptocurrency and has a high liquidity value. Litecoin is similar to bitcoins in regards to supplying as there are only 84 million coins with a block reward. The average time for the miners to mine a Litecoin is around two minutes making it easier to mine. The increase in the popularity of these coins makes it the best of the altcoins.
The market capitalization of Litecoin is USD 25,705,190,474 and its current price is around USD 384.43.
Bitcoin Cash
Bitcoin Cash became popular due to the stability concerns faced by bitcoin. The name bitcoin attached to this cryptocurrency has led the cryptocurrency to scale in the recent years and providing a huge market capitalization by catching the eyes of the investors.
The market capitalization of Bitcoin cash is USD 29,505,644,297 and its current price is around USD 1,564.62.
Alan Joseph
XRP
XRP is another popular and one of the to cryptocurrencies in the market. This coin is pre-mined and the mining procedure of XRP is less complicated compared to bitcoins. It is a native cryptocurrency for the products developed by Ripple Labs.
The market capitalization of XRP is USD 53,135,015,798 and its current price is around USD 1.51.
Shiba Inu Coin
Shiba Inu Coin is one of the recent cryptocurrencies which has been surging in the top 100 of the cryptocurrency market. Ever since the recent dip in bitcoins, there has been a lot of attention given to this cryptocurrency as the investors are on the lookout for something big.
Shiba Inu Coin has a market capitalization of USD 12,309,275,819 and its current price is around USD 0.00003114.
FAQ
What is the cheapest Cryptocurrency?
Dogecoin is the cheapest cryptocurrency to purchase in 2021.
Who owns the most bitcoin?
Satoshi Nakamoto, the cryptocurrency's pseudonymous investor owns the most bitcoin.
What did Warren Buffett say about Bitcoin?
Warren Buffet said that, 'Cryptocurrencies basically have no value and they don't produce anything,” Buffett also told CNBC last year that “I don't have any cryptocurrency and I never will,”.
Conclusion
Most of the individuals believe that cryptocurrencies will have a huge market in the coming future and it would replace all the fiat currencies and the other half believe that the value of cryptocurrencies would just reduce over the time and consider it to be another bubble. However many investors have generated huge returns from investing in these asset classes.
Author: Alan Joseph
Source : https://startuptalky.com/top-cryptocurrencies-to-invest/
Date : 2021-05-12T06:55:00.000Z