Cryptocurrency is no more a buzzword today or something you would see in sci-fi movies. It is very much real and people are investing in different cryptocurrencies. While in several countries you can use cryptocurrency to buy products and services, many people view cryptocurrency as a long-term investment. Hence, people are increasingly investing in the most invested cryptocurrencies.
However, investing in cryptocurrency is risky due to its volatility. If you don't know how to start, read this guide to know important aspects before investing in cryptocurrencies. With a boom in cryptocurrency, let's look at the top cryptocurrencies that are most invested.
Bitcoin has been around for a long time such that it is regarded as the synonym of cryptocurrency. It's not difficult to understand why it is ruling the market, with a price, market cap and volume that is a lot higher than some other cryptocurrencies. With so many competitors in the market, Bitcoin is the cryptocurrency with the most upside potential as it holds 40% of the cryptocurrency market cap.
Current Price: US$32,769.70
Market Cap: US$618,122,749,787
After Bitcoin, it is the second-largest cryptocurrency as far as market capitalization and is the most promising cryptocurrency to invest in. It also has witnessed a productive year till now with consistent market gains from December 2020 till April. It is steadily picking up after the hard-hit in May.
Current Price: US$2,439.65
Market Cap: US$286,611,113,207
Tether was introduced in 2014 and is one of the primary cryptocurrencies to be fixed to the US dollar. Tether is a blockchain-based cryptocurrency whose crypto coins are sponsored by an equivalent amount of conventional fiat currencies kept in a predetermined bank account, like the dollar, euro, or Japanese yen. Tether is the third biggest cryptocurrency by market capitalization and the smartest cryptocurrency to invest in.
Current Price: US$1.00
Market Cap: US$62,455,034,660
Binance is one of the cryptocurrencies to arrive at its peak after 2017. That year was a fruitful year and the price of all cryptographic cryptocurrencies rose on it. Though, later the price came down in value. Because of its consistent performance, Binance Coin has demonstrated to be one of the more stable investment choices, with fewer risks. It is the most profitable crypto to invest in.
Current Price: US$340.29
Market Cap: US$52,722,586,897
Cardano is a type of cryptocurrency network and open-source platform with the intent of making a public blockchain platform for smart contracts. The reason it is the most invested cryptocurrency is that it takes less energy and power to complete a transaction with Cardano than with a bigger network like Bitcoin. This ensures faster and cheaper transactions.
Current Price: US$1.50
Market Cap: US$48,347,063,277
Dogecoin is a cryptocurrency that was established as a joke by software programmers Billy Markus and Jackson Palmer, who wanted to joke around the widespread cryptocurrency growth. In May 2021, SpaceX declared a Dogecoin-supported rideshare journey to the Moon, making it the first cryptocurrency-funded space trip. This has made Dogecoin very popular and is also one of the cheapest cryptocurrencies to invest in.
Current Price: US$0.3167
Market Cap: US$41,591,576,290
XRP, the digital token made by Ripple, hit the headlines in April 2021 for outflanking Bitcoin and Ethereum as it saw impressive market gains than other cryptocurrencies in the market. Hence, many people rushed to invest in Ripple, making it the 7th largest cryptocurrency in terms of market cap and the most profitable cryptocurrency to invest in.
Current Price: US$0.8431
Market Cap: US$39,339,333,445
This cryptocurrency was intended to remunerate certifiable investors and remove individuals who are simply exchanging on the stock market to earn money fast. Polkadot plans to make making and connecting decentralized apps, utilities, and companies simpler.
Current Price: US$20.81
Market Cap: US$20,010,453,163
USD Coin (USDC) addresses a significant transformation of how we use money. Digital dollars work like other digital elements, they move at the speed of the internet, can be traded like how we share content, and are less expensive and safer than existing payment systems.
Current Price: US$1.00
Market Cap: US$23,174,430,027
Bitcoin cash makes a place in this rundown on account of its ability to process transactions rapidly with very low fees. This crypto offers scalability, which suggests its capability to grow later on is immense. Now is the ideal time to invest in Bitcoin cash as the prices are low.
Current Price: US$573.29
Market Cap: US$10,819,260,467
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.