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Cryptocurrencies have been the hottest topic all across the globe. Some of the other cryptocurrencies have been making big headlines these days. And so many investors are keen on investing in the top cryptocurrencies to benefit from them quickly. Since the crypto market is highly volatile, the prices keep varying. To help you find the best cryptocurrency, here are the top 10 cryptocurrencies to buy to make profits.
Market Cap: US$1,125,017,589,028
Bitcoin is a decentralized cryptocurrency that was launched in January 2009. It is the first-ever cryptocurrency that was launched in the crypto market. The unique feature of Bitcoin is that it has managed to create a global community and gave birth to the new industry of millions of enthusiasts who created, traded, and used BTC and other cryptocurrencies in their everyday lives. The live price of the BTC is about US$59,291.27 with a 24-hour trading volume of US$43,102,516,622. BTC is in 1st place in the top 10 cryptocurrencies to buy list, becoming the best cryptocurrency to buy.
Market Cap: US$493,817,339,131
Ethereum is a decentralized open-source blockchain system that features its own cryptocurrency that is Ether. It works as a platform for many other top cryptocurrencies for the execution of decentralized smart contracts. ETH has pioneered the concept of a blockchain smart contract platform. The main innovation was designing a platform that allowed it to execute smart contracts using blockchain technology. The live price of the ETH is about US$4,150.16. Ethereum is in 2nd place in the top 10 cryptocurrencies to invest in list in the market.
Market Cap: US$94,259,739,852
Binance Coin was launched in July 2017, Binance is the biggest cryptocurrency exchange globally that is based on daily trading volume. The unique feature of BNB is its ecosystem of decentralized, blockchain-based networks. The company grew to be the leading crypto exchange in many countries attracting significant interest. The current price of Binance Coin is about US$573.19 and ranks in 3rd position in the top 10 cryptocurrencies to buy list, becoming the best cryptocurrency to invest in.
Market Cap: US$73,735,405,839
Tether is a stablecoin that mirrors the price of the U.S dollar. It was launched in July 2014 as a Realcoin. The unique feature is the fact that its value is guaranteed by Tether to remain pegged to the U.S.dollar. It neither has losses nor profits as there is no volatility. The current and fixed price of Tether is about US$1.00. USDT ranks in 4th position on the top cryptocurrencies list. It is the best cryptocurrency to invest in 2021 for investors who do not want to risk.
Market Cap: US%64,555,169,788
Solana is a highly functional open-source project that banks on blockchain technology's permissionless nature to provide decentralized finance solutions. The Solana protocol is designed to facilitate DApps creation. It aims to improve scalability by introducing a proof-of-history consensus combined with the underlying proof-of-stake consensus of the blockchain. This concept allows for greater scalability of the protocol, which in turn boosts usability. The current price of SOL is about US$219.00. Solana ranks about 5th in the top cryptocurrencies in the crypto market.
Market Cap: US$61,014,252,474
Cardano is a proof-of-stake blockchain platform that was founded in 2017. It is one of the biggest blockchains to successfully use a proof-of-stake consensus mechanism, which is less energy-intensive than the proof-of-work algorithm relied upon by Bitcoin. The current price of ADA is about US$1.84 and ranks in 6th position in the top 10 cryptocurrencies to invest in list.
Market Cap: US$50,983,097,181
XRP was created by the founders of Ripple. Ripple is a digital technology and also a payment processing company and what XRP does is that it can be used on that network to permit exchanges of all top cryptocurrencies along with fiat currencies. The current price of XRP is about US$1.08 and ranks in 7th position on the list.
Market Cap: US$39,499,718,624
Polkadot is an open-source shading multichain protocol that allows the cross-chain transfer of any data or asset types making a broad range of blockchains interoperable with one another. The cryptocurrency is a shared multichain network and its processing power can improve scalability. The current price of the DOT is about US$39.93 and ranks about 8th in the top cryptocurrencies list making it one of the best cryptocurrencies in the market.
Market Cap: US$34,420,146,293
USD Coin is also a stablecoin as that of a Tether. It is backed up by the US dollar. It was launched in September 2018. The stablecoin market has become exceedingly crowded over recent years and this cryptocurrency is aimed to stand over the competitors in many ways. The current price of the USDC is about US$0.9997 ranking 9th place in the top cryptocurrencies list.
Market Cap: US$31,101,367,455
Dogecoin entered the market on the popular 'doge' internet meme and features a Shiba Inu on its logo. The cryptocurrency has acquired a lot of popularity these days and all thanks to Elon Musk for it. The currency price of Dogecoin is about US$0.2343 and ranks 10th place in the top cryptocurrencies list.
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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.
