Best Cryptocurrencies of 2021
Best Cryptocurrencies of 2021
According to top-rated market researchers and traders based in the United Arab Emirates (UAE), the best cryptocurrencies of the year 2021 are as follows:
- Bitcoin BTC
- Ethereum ETH
- Tether USDT
- Binance Coin BNB
- Cardano ADA
- XRP XRP
- USD Coin USDC
- Dogecoin DOGE
- Polkadot DOT
- Binance USD BUSD
The list may vary according to the personal preferences of traders and the valet value of people when they evaluate and do rating
There are thousands of cryptocurrencies are available, but few are worth using. The cryptocurrency industry is thriving with over a thousand coins, which can make it difficult to choose when you first start. In order to help new investors in the field, this article will introduce some of the most popular coins based on how much they’re worth. To help you get your bearings, these are the top 10 based on market capitalization.
1. Bitcoin (BTC)
Bitcoin is the leading cryptocurrency in the world. It was created in 2009 by someone with the name Satoshi Nakamoto is considered the first creator of a cryptocurrency. In purchasing your cryptocurrency, there are many factors to take into account before committing to a coin. Factors such as the stability of the coin and compatibility will be important when making a decision online. With fluctuating market prices on those coins not on a downtrend, it is important that you keep a close eye on key indicators before making a purchase.
The value of Bitcoin shot up as its popularity as a mainstream currency increased. The value before five years ago was nearly USD 500 for a unit. The price increased multiple folds that are above 10000 percent by the end of November 2020. The price of Bitcoin touched $52,000 during November end.
As per current valuation, Bitcoin has an approximate market cap of nearly $ 1 trillion.
2. Ethereum (ETH)
Ethereum is also both a cryptocurrency and platform and is popular for its potential to form smart contracts and increase the value of non-fungible tokens (NFTs). It caught the attention of programmers because of its potential applications, like so-called smart contracts that automatically execute when conditions are met. Its price increased tremendously after five years, currently at $4,700, from a mere $11 five years ago, increasing over 42,000% of its value.
As per current valuation, Ethereum has an approximate market cap of over $ 550 billion.
3. Tether (USDT)
Although not as volatile as other cryptocurrencies, Tether is still subject to the risk of market volatility. Compared to some other forms of cryptocurrency, Tether has less fluctuation in value. That’s why it’s favored by investors who are weary of the volatility of other coins.
As per the current valuation, Tether has an approximate market cap of nearly $ 62 Billion.
4. Binance Coin (BNB)
The Binance Coin is a form of cryptocurrency that can be used to trade or pay fees on the Binance exchange, which is one of the largest crypto exchanges. Launched in 2017, it’s now being used to trade other cryptocurrencies as well as for travel arrangements. It also has an online market where both physical and digital products are sold.
The price of Binance Coin five years ago was USD 0.10. The current price is $ 630. The increase is more than 627000%.
As per current valuation, Binance Coin has an approximate market cap of over $ 90 Billion.
5. Cardano (ADA)
Cardano is placing value on sustainability with its proof-of-stake validation. This method is anticipated to allow faster transaction time, energy reduction, and environmental impact, all while removing the competitive validation aspect of transactions present in platforms like other coins. ADA, Cardano’s native coin, will also be used to create smart contracts and decentralized applications.
The price of Cardano five years ago was $0.02. Today, the price increased 7850% and the price of the same is $1.57 now.
As per the current valuation, Cardano has an approximate market cap of nearly $ 50 Billion.
6. XRP (XRP)
It was created by some of the same founders as Ripple, a digital technology and payment processing company. XRP certainly has one of the top 10 currencies certainly has one of the best cryptos to invest in right now at 6th place.
Best Cryptocurrencies of 2021
The price of XRP five years ago was $0.006. The price increased 16666% and the current price is $1.
As per the current valuation, XRP has an approximate market cap of over $ 30 Billion.
7. U.S. Dollar Coin (USDC)
USD Coin is also treated as a stable coin as in the case of Tether Coin. The price or value of it is backed by the US dollar. Regarding the ultimate value, the creators aim to reach the value of 1 USD for USDC as well. It has a backup of Ethereum and can be used worldwide for many transactions.
As per the current valuation, US Dollar Coin has an approximate market cap of nearly $ 38 Billion.
8. Dogecoin (DOGE)
Dogecoin is one of the best cryptocurrencies to invest in because it has a low ban and no number limit, giving users the capability to generate them at will. Such features also make Dogecoin a uniquely stable investment because thousands of people can generate it to keep the price high for speculative trades. There is no maximum number set for Dogecoin.
The price of Dogecoin five years ago was $ 0.0002. The price increased 110000% and the current price is $ 0.22.
As per the current valuation, Dogecoin has an approximate market cap of over $ 37 Billion.
9. Polkadot
Polkadot is made better by more projects being supported. Investors can earn passive income and return power from holding DOT. The more supported projects, the better for investors looking to generate a passive income that doesn’t rely on outside factors.
As per the current valuation, Polkadot has an approximate market cap of over $ 37 Billion.
10. Binance USD BUSD
The US-regulated stablecoin, BUSD, is a good cryptocurrency to buy. With this coin, you can easily fund your transaction, and it can be converted into an accepted medium of exchange, store of value, and method of payment in the global cryptocurrency market.
The value of One BUSD is $ 1.02.
As per the current valuation, Binance USD has an approximate market cap of over $ 38 Billion.
Best Cryptocurrencies of 2021