Top Performing Cryptos in 2021 – While Bitcoin and Ethereum dominate the crypto industry, there is https://bitcomo.com/ platform for new coins that have emerged in the crypto market. This can be overwhelming for new investors to identify the most profitable crypto assets.
Even though most of these cryptocurrencies have little to no trading volume, some have become popular among crypto enthusiasts.
In this blog post, we explore crypto assets that have taken the crypto industry by storm.
Introduced into the crypto market in 2009, Bitcoin has become a force to reckon with in the crypto ecosystem. Aside from becoming a household name, the value of Bitcoin has more than doubled over the years.
Bitcoin controls the largest market segment in the crypto industry. Having crossed the $ 1 Trillion mark in market capitalization, Bitcoin has become a de facto digital asset in the ever-growing crypto market.
Ethereum has gained popularity among developers due to its smart contract capability. The value of the open-source platform has more than doubled over the last 5 years. Ranked the second-largest crypto, Ethereum now commands a market capitalization of over $557 Billion.
Ethereums popularity is attributed to real-world applications that store great value. One of the unique features that have made Ethereum a force to reckon with is that it supports decentralized finance.
Other features include smart contracts and distributed applications commonly known as (dApps). Ethereums rapid growth has threatened to outperform Bitcoin which is currently controlling the largest market segment.
Binance Coin (BNB)
You can use Binance to pay fees and trade on Binance. Since it was launched back in 2017, Binance has grown beyond supporting trades on the Binance exchange platform. The crypto can now be used for booking travel arrangements, processing payment, and trading.
Additionally, the currency can now be traded for other crypto assets on various exchanges. So far Binance Coin commands a market capitalization of $104 Billion with an estimated value of more than $628.
Contrary to other cryptocurrencies, Binance is a stable Coin supported by other traditional currencies like Euro and US dollars. This means the value of Tether is not only supposed to be stable but also preferred by investors over other types of cryptocurrencies.
Most investors skeptical about the volatile nature of crypto assets find investing in Tether more favorable compared to other digital currencies. Tether so far commands a market capitalization of over $73 Billion.
Solana comes with great features for developers. Besides powering smart contracts, decentralized apps (dApps), and Decentralized Finance commonly known as (DeFi), Solana features proof of history and proof of stake mechanisms that not help process transactions securely but also quickly.
Although Solana was low priced when it was launched in 2020, the price has more than doubled over the years hitting a record high of $213.42 on 30th November 2021.
Cardano’s proof of stake capability has propelled it to great heights in the crypto sphere. This helps in speeding up transactions compared to Bitcoin and other crypto-assets. Just like Ethereum, Cardano powers decentralized applications and smart contracts.
Comparatively, Cardano’s ADA token has experienced exponential growth than other digital currencies. The ability to support smart contracts has attracted the interest of many developers pushing the market capitalization to over $52 Billion.
XRP aims to facilitate exchanges of various types of fiat and digital currencies. With a market capitalization of $ 47 Billion, XRP has grown in popularity since 2017 when the value stood at $0.006 to $1.00 on November 30, 2021.
The popularity and value of Dogecoin is attributed to Elon Musk, one of the celebrities that propelled it to fame. Introduced into the market in 2013, Dogecoin has emerged as one of the most famous digital currencies in the World.
If you are yet to invest in digital currencies, then it’s high time you consider the crypto assets highlighted in this blog post. Aside from controlling a considerable market segment, these digital currencies not only have a promising future but are highly profitable.
All you need is to diversify your portfolio to avoid losing your entire investment should anything happen. We therefore recommend that you fully understand your crypto portfolio before investing large sums of money in the highly volatile world of crypto.
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