You need to through the cryptocurrency timeline to find the most valuable cryptocurrencies
If you are looking to invest in the most valuable cryptocurrencies, then the first thing you should do is learn from history. Yes, although 2017 and 2021 are great years for many crypto investors, the lesson should be learned from 2013 and 2018 when altcoins first emerged and bitcoin went through its massive slump. Back then, the market showed how volatile it can get and cut down on potential digital currency investments. They also represented how important engaged communities and real-world use cases are to long-term survival in the top ranks. Cryptocurrencies emerged as a digital token that uses either cryptography or blockchain technology to leverage secure transactions. They are decentralized and don’t come under government regulations. Although digital currency is considered a replacement for fiat currencies, it can only work on online platforms. As a result, over the past decade, many crypto exchange platforms have hit the market. They have further added hype to the most valuable cryptocurrencies. Even when there are thousands of cryptocurrencies available in the market, the top 10 list has its own set of investors starting from elite, long-term to short-term planners. Analytics Insight has listed the 10 most valuable cryptocurrencies of September 2021 to make your investment plan easy and profitable.
10 Most Profitable Cryptocurrencies of September
Bitcoin
Despite facing many back-to-back hits, bitcoin still rallies at a remarkable price and stays at the top of the list. The framework of bitcoin first came out in 2008 through Bitcoin White Paper, which was written by Satoshi Nakamoto, an anonymous person. Later, a team worked on the blockchain network and unleashed the first bitcoin in 2009. Besides becoming the first cryptocurrency that survived the cold wind of investors, bitcoin has a long history of other struggles that it conquered on its way. The recent one is bitcoin mining’s impact on the global ecosystem. China has banned bitcoin mining owing to the extreme consumption of electricity and Elon Musk also showed the red flag to accepting bitcoin payments due to the same. However, despite experiencing a brief price fall, bitcoin is now back on track.
Ethereum
People who know the digital currency market well choose ethereum over bitcoin because it is more than just a cryptocurrency, it is a network. Ethereum allows developers to create their own cryptocurrency with the help of ethereum network and also provides easy transaction options. Although ethereum is far behind Bitcoin in market capitalization, experts predict an approaching wave of ethereum adoption, which could push down the top cryptocurrency.
Dogecoin
Dogecoin started as a joke over the internet featuring a Shina Inu dog. Over the popularity of the meme, a group of people created the Dogecoin cryptocurrency. However, it is not a laughing stock anymore. Unlike other cryptocurrencies, Dogecoin has its own set of star people like Elon Musk and Mark Cuban who hype the digital token. Musk has once called Dogecoin one of the ‘three meaningful assets’ he owns besides his company.
Binance Coin
Initially developed over the ethereum-based token, Binance Coin later moved to its won blockchain network. Binance Coin was the first cryptocurrency to transact solely with other cryptocurrencies and not with fiat money. Launched in 2017, Binance Coin is placed as the fifth biggest cryptocurrency by market capitalization.
Ripple
Ripple company developed XRP as a real-time gross settlement system (RTGS). Created in 2012, XRP offers a way to pay in many different real-world currencies. It can also be useful in cross-border transactions and uses a trust-less mechanism to facilitate payments. Unlike other cryptocurrencies that don’t have a central authority to monitor the price, XRP has its parent company, which owns over half of the total XRP available.
Tether
Launched in 2014, the tether is the first stablecoin that introduced the concept of less volatility in the digital currency sphere. Although many investors are after the most profitable cryptocurrencies that pump up their investment in a brief period, some prefer long-term investments that take slow, yet, steady growth. Tether is pegged to the US dollar, making it the third-strongest and one of the most valued cryptocurrencies.
Bitcoin Cash
The core motto of bitcoin cash is to make transactions easy and quick. Although bitcoin is the gold of the digital currency sphere, it is not practically quick when it comes to delivering day-to-day payments. In 2017, bitcoin took four days to process a payment unless a fee is paid. Crypto investors can’t wait that long or pay an extra fee for small transactions. Therefore, they opted for a rapid mode called Bitcoin Cash.
Litecoin
Litecoin is the silver of the digital currency sphere. Operating on a peer-to-peer model, Litecoin uses a fully decentralized network with near-zero cost payments. Compared to bitcoin, litecoin has faster transaction facilities and improved storage efficiency. The cost advantages and speed of transactions make litecoin a superior choice for investors over bitcoin.
USD Coin
USD Coin is another famous stablecoin that is backed by the US dollar. The blockchain pattern of USD Coin is very similar to that of ethereum, stellar, algorand, and Solana. Launched in 2018, USD Coin made it to the top 10 cryptocurrency list real quick with its stable investment feature. It is managed by a consortium called Centre that was founded by Circle and other members of Coinbase, a cryptocurrency exchange, and Bitmain, a bitcoin mining company.
Polkadot
Since cryptocurrencies came to effect, there has been much ado about connecting various blockchains. Fortunately. Polkadot is one of the digital tokens that is working to patch the gap. It is working to develop an exclusive network that connects various blockchains, so they can all work together seamlessly. Although Polkadot was launched in 2020, it took a brief period to make it into the top 10 list.
