What crypto to buy
What crypto to buy
From Bitcoin and Ethereum to Dogecoin and Tether, there are thousands of different cryptocurrencies, which can make it overwhelming when you’re first getting started in the world of crypto. To help you get your bearings, these are the top 10 cryptocurrencies based on their market capitalization or the total value of all of the coins currently in circulation. But what crypto to buy?
1. Bitcoin (BTC)
Market cap: Over $856 billion
BTC runs on a blockchain, or a ledger logging transactions distributed across a network of thousands of computers.
2. Ethereum (ETH)
Market cap: Over $357 billion
With a market capitalization of over $232 billion, it’s the second leading form of cryptocurrency and has support from business leaders like Mark Cuban. What’s more, it’s been a profitable investment choice.
3. Binance Coin (BNB)
Market cap: Over $70 billion
Those who use the token as a means of payment for the exchange can trade at a discount. Binance Coin’s blockchain is also the platform that Binance’s decentralized exchange operates on.
4. Cardano (ADA)
Market cap: Over $69 billion
Cardano’s ADA token has had relatively modest growth compared to other major crypto coins. In 2017, ADA’s price was $0.02. As of August 2021, its price was $2.11. This is an increase of over 10,000%.
5. Tether (USDT)
Market cap: Over $64 billion
In theory, this means Tether’s value is supposed to be more consistent than other cryptocurrencies, and it’s favoured by investors who are wary of the extreme volatility of other coins.
6. XRP (XRP)
Market cap: Over $52 billion
At the beginning of 2017, the price of XRP was $0.006. As of August 2021, its price reached $1.14, equal to a rise of almost 19,000%.
7. Dogecoin (DOGE)
Market cap: Over $40 billion
Dogecoin’s price in 2017 was $0.0002. By August 2021, its price was at $0.31—a 154,900% increase.
8. USD Coin (USDC)
Market cap: Over $23 billion
USD Coin (USDC) is a stable coin, which is backed by U.S. dollars and aims for a 1 USD to 1 USDC ratio.
9. Polkadot (DOT)
Market cap: Over $25 billion
As of January 2021, Polkadot has a market capitalization of $11.2 billion and one DOT trades for $12.54.
10. Solana (SOL)
Market cap: Over $20 billion
Launched in 2020, SOL’s price started at $0.77. By August 2021, its price was $73.19, a gain of 9,405%.