Both 2017 and 2020 are important years in the history of digital currency. In 2017, the cryptocurrency sphere experienced an unexpected growth that accelerated the market capitalization from US$18 billion in January 2017 to US$800 billion in January 2018. Although the trend didn't last for a long time, it was a major achievement for many profitable cryptocurrencies. Similarly, 2020 marked the massive adoption of bitcoin and other cryptocurrencies after people realized its potential. Initially, many expected a major setback in the financial sectors when the world was facing major economic crises. Humankind was hit by back-to-back catastrophes like the global pandemic, lockdowns, and the fear of a global recession. But one thing that stood strong in the storm and outperformed extraordinarily was the digital currency market. During the pandemic time, many showed great interest in investing in the most profitable cryptocurrencies that eventually drove the market capitalization to new record highs. Following this, 2021 seemed to be the perfect year to spread the red carpet for the digital currency market. Besides the cryptocurrency cluster, many other commercial and banking services like JP Morgan, Visa, Mastercard, and PayPal also recognized the potential of cryptocurrencies. When we are heading towards the beginning of a new year, digital tokens remain a hot topic for discussion. Analytics Insight has listed the top 10 most profitable cryptocurrencies to buy in September 2021.
Bitcoin is the ancestor of every other digital token. Besides, it is the driving force that attracted people to the cryptocurrency sphere. Being the first and the largest digital currency, bitcoin is a household name in the cryptocurrency market. Crypto experts opine that bitcoin prices function as a cluster. Whether you agree or not, whenever bitcoin prices hit new records, other cryptocurrencies will also trade for high prices and when they plunge, the same trend repeats in other digital currencies. Despite its severe volatility, bitcoin is still considered the gold of the cryptocurrency market.
Ethereum was the second most-adopted cryptocurrency that showed exponential growth during the challenging times in 2020. Fortunately, Ethereum unfolded to tell a different story in 2021. The features of Ethereum and the interest among people have set it as a competition to bitcoin. Crypto enthusiasts opine that Ethereum will take over bitcoin in the coming years. The easy trading options in Ethereum make it a perfect digital currency for constant usage and trading. Ethereum's open-source blockchain network has always served as a preferred network for decentralized applications (dApps).
If you are fed up with bitcoin and Ethereum's volatility, then tether is the right option for you. Tether is a stablecoin that is pegged to the US dollar. It is a low-risk cryptocurrency with minimum growth over a period of time. Many crypto investors who plan for long-time investments in the digital currency market will choose Tether over the others.
Dogecoin has the most interesting, yet, funny history compared to other cryptocurrencies out there. Dogecoin came out of a dog meme that went viral on the internet. Created in 2013, Dogecoin emerged as an alternative for hardcore cryptocurrencies like bitcoin. The no limit on dogecoin creation has made it a top pick among crypto investors. Due to their abundance, small investors are also picking them up in sizable volumes.
Although Litecoin can't be agreed as the most profitable cryptocurrency in 2021, it never left the top 10 digital currencies list. Litecoin has the potential to experience growth in the coming days. The unleashing of Litecoin-based RPG fantasy game LiteBringer was a major accelerator in the digital token's history. It brought advantages to the whole blockchain network.
Launched in 2012, Ripple (XRP) is a very unique cryptocurrency that focuses on solving problems related to international payment transfers. The cryptocurrency makes transactions safe, fast, and cheap. Unlike other digital tokens that don't have a central authority, Ripple is constantly monitored and moderated by Ripple Labs, the company behind the cryptocurrency. They hold the majority of the XRP coins and set the trend for Ripple transactions.
After splitting from Ethereum, Charles Hoskinson created Cardano in September 2017. Many internal mechanisms between Ethereum and Cardano seem very similar to each other. Cardano was also developed as a platform that supports smart contracts and decentralized apps besides being a top mode of investment. Cardano's blockchain network is hailed as the top third technology with great features.
Launched in 2017, Binance Coin is both a cryptocurrency and an extraordinary exchange platform. To be precise, the Binance platform is famous than the cryptocurrency it produces. Using Binance Coin, customers can facilitate more than just trading. They can buy, sell, and process payments in Binance Coin. The cryptocurrency is an easy-to-use digital token for all routine transactions.
If you are concerned about your privacy while making cryptocurrency investments, then Monero is the right choice for you. Monero provides sophisticated private transactions that enhance the privacy of its users by making it highly liquid. Although tech geeks find it old-fashioned, it is a top choice for people who wants their investments to be diversified.
Polkadot is a proof-of-stake cryptocurrency that aims to provide blockchain interoperability. Polkadot was created by Gavin Wood, Thiel Fellow Robert Habermeier, and Peter Czaban who created the digital currency to interact under one roof. Polkadot aims to create a network that is similar to the internet where independent blockchain can share information and transactions in a trustless manner.
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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.