Today, more than 1800 coins are presented in the top cryptocurrencies 2021 rating. Most of them are shitcoins, which don’t have any value, liquidity, and therefore aren’t traded on top exchanges. They will never recreate the success of Bitcoin, Ethereum, Litecoin, and other innovative cryptocurrencies.
Still, there are many promising crypto coins that you can buy and invest in. Let’s consider the top 10 cryptocurrencies in 2021!
Top Volume Cryptocurrencies: Top 5 Cryptos to Know
With the rise in popularity of Bitcoin, the success of cryptocurrencies is beyond question. This is an interesting area in which you can significantly increase your capital. What are the top traded cryptocurrencies? Let’s try to find out!
Market Сap — $737,107,629,160
Traditionally, the very first and most famous cryptocurrency occupies the first place in the list. For the first time, its decentralized digital network was launched in 2009. Bitcoin has always been the most expensive cryptocurrency, but it has had difficult times as well. Now the currency is recovering from a long downtrend. Therefore, demand has risen sharply, the excitement is again at its maximum. As a result, BTC market cap is growing rapidly.
Market Cap — $289,165,885,233
Market Cap — $62,601,712,778
It’s a cryptocurrency with a value equivalent to the US dollar. These currencies are called stablecoins and are used to digitalize national currencies. Thus, the sensitive topic of high volatility is eliminated. However, at the same time, all key advantages of digital money (security, anonymity, freedom of action) are preserved. Many companies are partially switching from the traditional dollar to Tether in order to take advantage of these benefits. This determines the popularity of the coin.
Market Cap — $55,069,354,223
A token issued by Binance exchange continues to gain momentum. Its functionality is an opportunity to save on exchange commissions. However, over the years demand for the token as a functional asset will decrease as every year the discount is halved. In the meantime, Binance Coin is a fairly promising investment tool showing a steadily growing value.
Market Cap — $48,487,459,486
Cardano is a research-based blockchain platform. There are many engineers and scientists in a team of developers. The project even has its own philosophy. ADA is growing rapidly in collaboration with the University of Edinburgh and Lancaster University. The platform consists of two levels, one of which is focused on working with smart contracts, and the other with tokens.
What Are the Top Cryptocurrencies to Invest In?
Investments in cryptocurrency can become both passive and main income. Also, one shouldn’t forget the fact that crypto industry is full of thousands of digital coins. It’s sometimes difficult even for experts to choose an asset that would be really promising. So, what are the top cryptocurrencies to invest in? Let’s try to find out!
The digital coin, which was created in 2013 as a joke, has already reached a market cap of $41.9 billion. At its peak, the altcoin price reached $0.69.
In early April, the altcoin entered an active growth phase. Then Tesla CEO Elon Musk commented on the coin. On April 1, he posted a controversial tweet on Twitter that his company SpaceX was planning to ‘send Dogecoin to the moon’ in the literal sense. After this tweet, the value of the digital coin increased by 20% in half an hour.
Ethereum Classic is a hard fork of Ethereum cryptocurrency that took place in 2016 as a result of a community split. One part of users believed that the blockchain should develop, and developers needed to optimize and improve the existing functionality. Another wanted to use the original blockchain. ETC has reached a market cap of $6,6.
OKB is a utility token of OKEx crypto exchange, created on the basis of Ethereum blockchain. Holders of digital coins get access to special features of the platform. OKB token is used to calculate trading fees as well as allows you to participate in polls. The market cap of the token has reached $8,3 million.
Bitcoin Cash emerged in 2017 as a result of a hard fork of the main Bitcoin network. At the end of April, the growth phase began, thanks to which the altcoin rose significantly in price. It’s noteworthy that at the beginning of 2021, the cost of Bitcoin Cash was $343.
Waves is a blockchain platform for crypto token issuance and crowdfunding campaigns. The platform allows you to create your own cryptocurrency and launch an initial token offering (ICO). According to analysts’ calculations, the cost of Waves increased by 92% over the week last month. Over the month, the token has risen in price by 185%.
If you’re still wondering ‘What are the top cryptocurrencies?’, you should definitely consider investing in the Fantastic Five!
Top Cryptocurrencies to Mine: Final Conclusions
Besides BTC and ETH, there are other alternatives and top cryptocurrencies to mine. Ironically, one of them is a Dogecoin meme cryptocurrency. Despite the jokes around, this year the asset showed a four-digit growth.
DOGE is easier to mine as 10,000 coins are created for each block and one new block appears every 60 seconds. Thus, 14 million new coins come into circulation every day. When Dogecoin hit an all-time high of $0.7376 in early May, 10,000 coins were worth $7376 — quite a considerable sum of money.
The list of coins for mining could include cryptos created for privacy, such as Zcash and Monero, as well as coins formed from Bitcoin hard forks, such as Ravencoin and Bitcoin Gold. Litecoin is one of the most successful BTC hard forks that also can be mined. The main feature that distinguishes LTC from BTC is that the total supply is 84 million coins, which is four times more than 21 million bitcoins.
What are the top ten cryptocurrencies? What do you guys think? Feel free to share your favorite coins in the comments!