TOP 10 BEST CRYPTOCURRENCIES TO INVEST

TOP 10 BEST CRYPTOCURRENCIES TO INVEST  INTRODUCTION: BEST CRYPTOCURRENCIES TO INVEST IN –

Cryptocurrency is a digital currency that can be used to buy goods and services by using an online ledger with strong cryptography to secure online transactions. Cryptocurrencies have no governing bodies or controlling authority. It is a decentralized and unregulated currency. Here provide the Top 10 Best Cryptocurrencies To Invest.

TOP 10 BEST CRYPTOCURRENCIES TO INVEST 

Many companies have issued their cryptocurrencies which are called tokens. These tokens can be traded specifically for the goods or services that the company provides.

Cryptocurrencies work using a technology called a blockchain. Blockchain is a decentralized technology spread across many computers. People called ledgers keeping track of the transactions. There are more than 13,000 different cryptocurrencies that are being traded publicly according to CoinmarketCap.com. The total value of the most popular cryptocurrency, bitcoin is about 1.2 trillion dollars.

Supporters see cryptocurrencies as the currency of the future and are racing too but for them now before they could become more valuable. Some supporters like the technology of cryptocurrencies. Because it is based on blockchain which can be more secure than traditional payment systems.

Some people like the fact that cryptocurrencies remove central banks from managing the money supply. Thus reducing their power. And others just like to invest in cryptocurrencies because they are going up in value. Whatever your case may be, these are the top cryptocurrencies to invest in 2021.

Table of Contents: TOP 10 BEST CRYPTOCURRENCIES TO INVEST

Introduction: Best cryptocurrencies to invest in or TOP 10 BEST CRYPTOCURRENCIES TO INVEST:

  1. Bitcoin (BTC)- Market cap: Over $1.17 trillion
  2. Ethereum (ETH)- Market cap: Over $520 billion
  3. Binance Coin (BNB)- Market cap: Over $88 billion
  4. Tether (USDT)-Market cap: Over $70 billion
  5. Cardano (ADA)-Market cap: Over $66 billion
  6. Solana (SOL)- Market cap: Over $60 billion
  7. XRP(XRP)- Market cap: Over $50 billion
  8. Polkadot (DOT)- Market cap: Over $43 billion
  9. Shiba Inu (SHIB)-Market cap: Over $41 billion
  10. Dogecoin (DOGE)- Market cap: Over $38 billion

 

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1. BITCOIN (BTC)- MARKET CAP: OVER $1.17 TRILLION

 

Created in 2009, Bitcoin is considered the first and original cryptocurrency. As with most cryptocurrencies, bitcoin runs on a blockchain. It means ledgers are logging and keeping a record of all the transactions distributed across a network of thousands of computers. A cryptographic puzzle must solve to verify the additions to the distributed ledgers, a process called proof of work. Thus, bitcoin keep very secure and free from fraudsters. Bitcoin’s prices have skyrocketed in recent years.

Five years ago one could buy a bitcoin for about $500. As of October 29, 2021, a single Bitcoin’s price was over $62,000, giving it growth of about 12,300%.

 

2. ETHEREUM (ETH)– MARKET CAP: OVER $520 BILLION

 

Created in 2013, Ethereum is both a cryptocurrency and blockchain platform. It is an open-source blockchain with smart contract functionality. Amongst cryptocurrencies, Ethereum is second only to bitcoin in market capitalization. It is a favorite among program developers because it allows for the creation and exchange of NFTs. NFTs are not non-fungible tokens that connect to digital works of art and other real-world items and are sold as unique digital property. cryptocurrency in Indian rupees, bitcoin price in India.

Ethereum’s prices have also seen tremendous growth in the past five years. In just over five years, its price went from about $11 to over $4400, increasing nearly 40,000%.

 

3. BINANCE COIN (BNB)– MARKET CAP: OVER $88 BILLION

 

Launches in 2017, the Binance Coin is the crypto-coin issued by the Binance exchange and trades with a BNB symbol. This coin runs on the Ethereum blockchain. Binance is one of the largest crypto exchanges in the world. Binance Coin can uses for trading, payment processing, or booking travel arrangements. It can also be traded or exchanged for other forms of cryptocurrency, such as Ethereum or Bitcoin.

Merely four years ago, its price was just $0.10. by October 29, 2021, its price has increased to $530, a gain of more than 530,000%.,a best long-term crypto investment strategy

 

4. TETHER (USDT)-MARKET CAP: OVER $70 BILLION

 

The next big cryptocurrency, Tether is a stable coin, meaning it is backed by fiat currencies like U.S. dollars and the Euro and hypothetically keeps a value equal to one of those denominations. It was originally designed to always be worth $1.00. In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and investors who are wary of the extreme volatility of other coins favor it over other forms of cryptocurrencies. Best cryptocurrency investment strategy 2021 in India . Here are some New cryptocurrency recommendations  for the most profitable crypto trading strategy: Cryptocurrency list,

Among TOP 10 BEST CRYPTOCURRENCIES TO INVEST In 2019, tether surpassed bitcoin in trading volume with the highest daily and monthly trading volume in cryptocurrencies.

 

5. CARDANO (ADA)-MARKET CAP: OVER $66 BILLION

 

Cardano is notable for its early embrace of proof-of-stake validation using its open-source and decentralized technology. ADA is a public blockchain domain. It set up in 2015 by Ethereum co-founder Charles Hoskinson. CARDANO (ADA)-MARKET CAP is the largest cryptocurrency to use a proof-of-stake blockchain instead of proof-of-work protocols which expedites transaction time and decreases energy usage and environmental impact by removing the competitive, problem-solving aspect of transaction verification present in platforms like Bitcoin. Cardano also works like Ethereum to enable smart contracts and decentralized applications.

In 2017, Cardano native coin ADA’s price was $0.02. As of Oct. 29, 2021, its price was $2.01. This is an increase of almost 10,000%.

 

6. SOLANA (SOL)– MARKET CAP: OVER $60 BILLION

 

Quite late in the market, Solana launched in 2020. Developed to help power decentralized finance, Solana runs on a unique hybrid proof-of-stake and proof-of-history mechanisms that help it to process transactions quickly and securely. SOL, Solana’s native token, powers the platform. Bloomberg considers Solana to be “a potential long-term rival for Ethereum“. Like Ethereum, Solana can interact with smart contracts.

Launched in 2020, SOL’s price started at $0.77. By Oct. 29, 2021, its price was almost $201.91, a gain of more than 26,000%.

 

7. XRP(XRP)- MARKET CAP: OVER $50 BILLION

 

Created in 2012 by some of the founders of Ripple. It is a digital technology and payment processing company. XRP can use on that network to facilitate exchanges of different currency types. Including fiat currencies and other major cryptocurrencies. Ripple enables secure, instant, and almost free global financial transactions of any size and XRP can take advantage of that.

At the beginning of 2017, the price of XRP was $0.006. As of Oct. 29, 2021, its price reached $1.08, equal to a rise of 17,900%.

8. POLKADOT (DOT)- MARKET CAP: OVER $43 BILLION

Since Polkadot’s launch in 2020, it has faced immense growth. Cryptocurrencies may use any number of blockchains. Polkadot aims to integrate them by creating a cryptocurrency network. It connects the various blockchains so they can work together. The network uses an environmentally-friendly proof of stake consensus algorithm. This integration aims to create an internet of blockchain. cryptocurrency mining or cryptocurrency trading, Cryptocurrency trading strategy PDF:CLICK HERE

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Article Written By: Santosh Mondal.

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