The popularity of digital currencies has admirably surged in recent years. Well-known coins like Bitcoin and Ethereum continuously keep hitting record-highs, driving the total value of the crypto market to the moon. Every day, investors are buying up cryptocurrencies from various crypto trading exchanges and platforms, and more and more crypto traders and business leaders are joining these exchanges to watch the crypto market in action. Recently, with the growing popularity of cryptocurrencies, market enthusiasts have started gifting digital currencies to each other. The idea behind crypto gifts started gaining momentum as crypto fanatics innovated Bitcoin gift ideas and crypto arts. With this, the process of gifting cryptocurrencies on special occasions has also become easier now. So, in this article, we have listed the top cryptos to gift for Christmas this year to your loved crypto fanatics.
Bitcoin is the most popular cryptocurrency that is in circulation in the market. It represents 40% of the entire crypto market as its size and value make it one of the best coins to hold. Bitcoin has been around much longer than the rest of the cryptos, which has led to more people transacting with it. One of the biggest selling points of BTC is that it is the most widely accepted currency for purchases.
Ethereum is the second-best crypto in the market, next to Bitcoin, and makes up 22% of the global crypto market. Many investors are considering buying Ethereum, which has already soared nearly 800% since the past year because the technology behind ETH facilitates more utility than BTC, including applications in gaming, finance, private transactions, and non-fungible assets.
If the investors love ETH due to its enhanced utility over BTC, then they are ought to love Solana. It facilitates a large ecosystem of over 400 applications, including decentralized finance (DeFi), one of the largest marketplaces for NFTs, and various apps and games. Solana has exponentially soared in value since 2020, making its way to become the fifth-largest cryptocurrency in the market.
Shiba Inu is that meme cryptocurrency that has been making headlines for the past couple of months as the crypto witnessed a great increase in popularity and daily trading volume in 2021. Crypto market analysts believe that Shiba Inu by far had the greatest increase when it comes to price, even though the actual price value of the individual coin is quite low. SHIB recently defeated its biggest rival Dogecoin for a short while, which indicated that SHIB might have great potential in the future. It might also make a cute crypto gift for dog lovers!
Cardano has soared more than 1,100% this year. The dynamic young cryptocurrency has outperformed crypto heavyweights like Bitcoin and Ethereum and holds great growth potential in the future. Today, ADA is the fourth-largest cryptocurrency in the market, and analysts envision a serious increase in market value.
Dogecoin turned eight years old last week, and this is a moment to celebrate as the crypto broke all negative conceptions about itself to become one of the largest meme coins in the market. Even though DOGE's market value has been suffering for quite some time, but analysts are anticipating a quick rebound any day now.
Avalanche might make a lucrative gift option since the crypto had an incredible 2021, and analysts believe that it is here to stay. It recently more established cryptocurrencies like Litecoin and Terra, and jumped right across Dogecoin, with no help from Elon Musk. Going forward, Avalanche might truly soar higher than the mountains as the blockchain's momentum is rapidly building.
Terra (LUNA) is one of those cryptos which soared more than 15,000% in one year and has made its way to the top 10 cryptocurrencies in the market. Terra is also the fifth-largest decentralized finance (DeFi) protocol and is building a network of fiat money-pegged algorithmic stablecoins that can empower the next-gen payment networks.
Ripple is considered one of the best investment options by crypto traders. It runs its platform RippleNet, which allows anyone to send and exchange currencies and make cross-border transactions, which makes it quite suitable to become a nice crypto gift option.
For new traders, investing in a stablecoin might seem like a safer option. USDC is a stablecoin that is pegged to the US dollar, which gives tough competition to Tether (USDT) and TrueUSD (TUSD). In a nutshell, it provides a service that tokenizes US dollars and allows them to be used virtually and by public blockchains.
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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.