Cryptocurrency has been booming like never before. From Bitcoin to Dogecoin all the top cryptocurrencies have been making headlines these days. Each new day comes new cryptocurrency into the crypto market. And most of the Indians are also looking towards cryptos as a potential currency. But this is where the investors get confused, what and where to invest. Here are the top 10 cryptocurrencies 2021 that you can trust and invest in.
Market Cap: US$969.81 Billion
Bitcoin is an original cryptocurrency, unlike other cryptocurrencies, BTC heads the blockchain that is distributed across various networks. With the help of proof of work, Bitcoin keeps track of the transactions and fraudsters. Bitcoin's price has been hyped and stayed on the top always. For instance, 5 years ago the BTC was at a value of US$500 but now if we look at BTC in 2021 it is nearly US$43,000 which is about 8,600% growth in the crypto market. And so it is one of the top 10 cryptocurrencies to invest in in 2021.
Market Cap: US$410.84 Billion
Ethereum is both a cryptocurrency and blockchain platform which has always been the most favorite for program developers for its potential applications such as smart contracts and non-fungible tokens or NFTs. This is one of the top 10 cryptocurrencies that has experienced immense growth of US$11 to US$3,000 which is more than 27,000% in the crypto market.
Market Cap: US$68.03 Billion
Tether is not like other cryptocurrencies, it is a stablecoin that is backed by fiat currencies like the US dollars and Euro that has a value that is equal to one of those denominations. Tether stays on the consistency path with neither increase nor decrease than others so due to its highly volatile nature, it becomes one of the top 10 cryptocurrencies to invest in in October.
Market Cap: US$70.53 Billion
After some time in the crypto market emerged Cardano which has now become notable to embrace proof-of-stake validation. This method of transaction time decreases energy usage and also environmental impacts by easy problem-solving aspects of the platforms such as Bitcoin's. Cardano is also useful like Ethereum in enabling smart contracts and decentralized applications that are powered by ADA. This cryptocurrency also grew over the years from US$0.02 in 2017 to US$2.10 in 2021 with an increased rate of about 10,500% becoming one of the best 10 cryptocurrencies to invest in October.
Market Cap: US$73.00 Billion
Binance coin is a form of cryptocurrency that can be used for paying fees or trading on Binance which is one of the largest crypto market exchanges in the world. It can also be traded to buy other top 10 cryptocurrencies like Bitcoin and Ethereum too. It was worth about US$0.10 in 2017 and rose to over US$382 in 2021 with a growth rate of about 382,000% becoming the best coin to invest in.
Market Cap: US$49.71 Billion
This cryptocurrency coin was created by the same founders as Ripple which is a digital technology and payment processing company. The coin is used on that network to facilitate exchanges of various currency types, fiat currencies, and other top 10 cryptocurrencies. In 2017, XRP is about US$0.006, in 2021 it is about US$0.94 which rises over 15,700%.
Market Cap: US$46.44 Billion
Solana was developed to help power decentralized finance uses, decentralized apps, and smart contracts, this is one of the top 10 cryptocurrencies that is unique hybrid proof-of-stake and proof-of-history mechanisms that help it process transactions securely and quickly. SOL is the native token that powers the platform. Though the cryptocurrency was launched in 2020, it was at a price of US$0.77 and grew to US$140 which is a gain of about 18,000%.
Market Cap: US$32.37 Billion
As Tether, USDC is also a stablecoin that is backed by US dollars and aims for a ! USD to 1 USD ratio that is powered by Ethereum. And you can also USD coins to complete global transactions.
Market Cap: US$30.20 Billion
Cryptocurrencies may use any number of blockchains, Polkadot focuses on integrating them by creating a cryptocurrency network that connects the several blockchains so that they can work together. Polkadot was launched in 2020 when it was at a price of US$2.93 and grew to US$25.61 in 2021. This is also one of the best cryptocurrencies in the crypto market that can be invested in.
Market Cap: US$34.87 Billion
Dogecoin has been making headlines day by day with Elon Musk backing it. It started as a joke and emerged as one of the top 10 cryptocurrencies in the crypto market. It was about US$0.0002 in 2017 to US$0.20 with over 101,800% in 2021.
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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.