Top 8 Cryptocurrencies to Buy and Own Now!
How do I know the best cryptocurrencies to buy now? What should I expect after buying? These are probably the questions that drive you into searching for this. With that said, I’m more than happy to announce to you that you are on the right page.
The best cryptocurrencies to buy depends on your risk appetite and technical knowledge. Only a few got to know that when the Bitcoin system launch in 2009 in reaction to the financial meltdown’ economic devastation, the world had gained a new investment vehicle, and also new digital money.
After a decade, there are thousands of cryptocurrencies. Each with its own set of features and grades of usability, adoption, and promise. How can investors figure out which cryptocurrencies are the finest to invest in such a vast market worth at least $1.3 trillion?
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Top 8 Best Cryptocurrencies to Buy
Here are seven of the 8 best cryptocurrencies to buy now, along with their bull cases. Investors should risk only with funds they’re ready to lose. This is because even the most well-known cryptos may be quite volatile.
#1 Bitcoin ( BTC )
Although several theories exist about Bitcoin’s utility. However, there’s no doubting that it has been the dominating player in its sector since its inception. Bitcoin’s growing popularity is its saving grace; a lot of investors are eager to begin their cryptocurrency journey with Bitcoin.
Also, some of today’s most brilliant corporate brains are increasingly drawn to “digital gold.” Jack Dorsey, CEO of Twitter Inc. (TWTR) and Square Inc. (SQ), stated that there is nothing more important for him to operate on throughout his entire life. He sees this as a manner for developing nations to protect against currency devaluation. Also for quicker, cheaper cross-border funds transfers.
Even though Bitcoin’s price dropped by more than half within two months of reaching all-time heights of around $65,000, Tesla Inc.’s (TSLA) move to include Bitcoin on its balance sheet earlier this year may help to attract additional corporate treasury inflows in the future.
#2 Bitcoin Cash ( BCH)
Bitcoin, as the first cryptocurrency, have a huge part to play in digital currencies. The limited size of the “blocks” of data on the Bitcoin blockchain, which are at 1 megabyte, had become a source of frustration for many developers and users.
This constraint began to impede transaction processing and raise costs. Though Bitcoin Cash intends to address when it split off from BLT in 2017, adopting an 8-MB block size.
BCH isn’t as stable or commonly used as BLT, but it has more scaling potential and is the world’s 2ndbest cryptocurrency to buy now.
Despite the fact that it has fallen sharply from its April 2021 highs of around $1,600, today’s prices of roughly $500 are still significantly above the $342 level from which it starts.
#3 Ethereum ( ETH)
Ethereum, the Scottie Pippen of cryptocurrency, has been a capable second fiddle to Bitcoin for years. Ethereum’s market cap is over $276 billion, giving it an 18 per cent share of the global crypto market. A far cry from Bitcoin’s 47 per cent, but more than four times the next-closest cryptocurrency.
The platform’s native currency is ether, but it’s more commonly goes by as Ethereum. Ethereum is the premier decentralize finance (Defi) technology, allowing users to write smart contracts that systematically process when they meet specific circumstances.
Ethereum is an innovative, cash saving technology. This is because it has the ability to eliminate service providers such as banks, brokerages, and clearinghouses.
The growing tide of Defi should result in increased use of this platform. This helps in issuing new cryptocurrencies or produce and exchange nonfungible tokens, often known as NFTs.
#4 Cardano ( ADA)
Like Ethereum, Cardano is a decentralized blockchain platform that enables secure peer-to-peer payments by using a local coin, in this instance Ada.
ADA was founded in 2015 by Charles Hoskinson. A co-founder of Ethereum, who abandoned what is now the main platform for decentralized finance to establish Cardano. This however is meant to consume a fraction of the energy required by Bitcoin and Ethereum.
Cardano accomplishes this in part by employing a “proof-of-stake” protocol, which does not reward excessive energy consumption. It is becoming a more common approach for blockchains to validate transactions for security reasons.
Cardano, the fifth-most valued cryptocurrency with a market cap of $43 billion, is working on allowing smart contracts, which should be fully operational by fall 2021.
#5 Dogecoin (Doge)
Dogecoin was founded as a playful spin on the blockchain mania. It was named after the popular “Doge” internet phenomenon of a Shiba Inu dog. This year, the cryptocurrency has grown a lot, bringing it the 5th top best cryptocurrency in terms of market capitalization. Its price reached as high as 70 cents in early May but has since dropped.
Because of its huge circulation, unrestricted potential and more, Dogecoin’s price remains considerably below a dollar. While Bitcoin has a limit of 21 million coins, Dogecoin now has 130 billion in circulation. With additional blocks accessible to mine every year.
Dogecoin has a far faster mining rate or hash rate than Bitcoin. This provides it with a quantitative advantage over the leading cryptocurrency.
#6 Binance Coin (BNB)
One of Binance Coin’s main advantages is that, like Bitcoin, the number of tokens in circulation is strictly limited. The cap is 200 million, and it’s one of the reasons why BNB has risen becoming the world’s fourth best-valued cryptocurrency.
The coin, which is the native currency of the prominent Binance exchange, has increased in value by more than 700 per cent in just 2021. It operates on a different methodology than many other cryptocurrencies, eliminating or “burning” a large portion of its currency on a quarterly basis with one-fifth of its revenues.
Binance Coins, with such a market rate of more than $50 billion, is no more just speculative, and the BNB coin has an optimistic prognosis as far as the extremely popular Binance network continues to expand.
#7 Polkadots (DOT)
Cryptocurrencies, unlike equities, have questionable and subjective “fundamentals” measurements. As a result, there are other criteria to examine when it comes to crypto, one of which is who started the project in the first place.
Gavin Wood, a co-founder of Ethereum, has helped propel DOT to one of the top ten most valuable cryptocurrencies. One of the benefits of DOT is that it can serve as a network bridge, allowing apps development on Polkadot that operate on both the Ethereum and Bitcoin networks, for example. Its qualities make it both more scalable and speedier than its predecessors.
#8 Ripple (XRP)
Ripple is a digital payments network that conducts transactions using the Ripple cryptocurrency. It comes in eighth place in our list of the top ten cryptocurrencies to invest in the year 2021.
The Ripple network’s services, including a secure messaging service by the name XCurrent Messaging, have been used by over a hundred banks around the world. In its market value, Ripple is one of the best cryptocurrencies to buy now