Cryptocurrencies (Bitcoin, Ethereum, Tether…) also known as digital money, are gaining popularity as more and more people are interested in this currency. The term “cryptocurrency” refers to complex cryptocurrencies that operate on algorithms and process their transactions through decentralized systems.
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Apple, Google, Tesla, Samsung, Facebook, PayPal, and Deutsche Bank are some of the typical companies that have recently included cryptocurrencies in their long-term plans. Since the price of Bitcoin skyrocketed, there has been a sudden excitement in the crypto industry and people are more interested in keeping an eye on which coins to invest this year.(cryptocurrencies attracting investors)
Here are the top 10 cryptocurrencies by market cap that you might consider investing in in 2021. These coins have seen significant growth in the past and will continue to be mainstream. leadership, especially for their valuation or R&D charts.
Cryptocurrencies and symbols
Bitcoin – BTC
Bitcoin (Bitcoin) is a cryptocurrency created in 2008 by an individual or an anonymous group of people named Satoshi Nakamoto. Bitcoin is a decentralized digital currency that can be transferred from one user to another on a peer-to-peer bitcoin network without the use of an intermediary. It has no central bank or administrator, fast transaction speed, low transaction fees.(Read more: buy bitcoin stock)
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If its price rises or falls, there is no denying that bitcoin will continue to dominate the cryptocurrency sector. Traders will benefit from high liquidity regardless of market stability as long as it persists. Although bitcoin is unpredictable, it has a steady uptrend.
With a market capitalization of $1.01 trillion, BTC, known by its market code as the king of cryptocurrencies (62.2%). It was developed as a means of supporting decentralized transactions as well as a store of value.
Ethereum – ETH
Ethereum is developed on the Blockchain platform. Ethereum was born to become a platform for the development of Smart Contracts (Smart Contracts) and Decentralized Applications (DApps). Ether is designed and runs without downtime, third-party control or intervention. Ether’s transaction speed is also faster and transaction costs are also cheaper.(Read more: bitcoin stock)
After Bitcoin, Ether (ETH) is the second largest cryptocurrency by market capitalization. Vitalik Buterin, a programmer, proposed Ether in 2013. The network went live on July 30, 2015, with an initial supply of 72 million coins, after crowdfunding in 2014. The market capitalization of this coin is 195.54 billion USD as of March 29, 2021.
Tether – USDT
Tether, formerly known as Realcoin, was released in July 2014 and was one of the first cryptocurrencies to be pegged to the US dollar. Tether is a blockchain-based cryptocurrency whose cryptocurrencies are backed by an amount equivalent to conventional fiat currencies held in a bank account such as USD, Euro or JPY.
Tether is a stablecoin, a form of cryptocurrency that aims to keep prices stable, as opposed to the large fluctuations in the price of other popular cryptocurrencies like Bitcoin and Ether. The value of USDT is guaranteed by real money, i.e. 1 USDT will be worth 1 real USD. Tether transactions are easy, fast, save time and costs, are safe for investors, and can especially be hoarded instead of USD. Tether was the third largest cryptocurrency by market cap as of January 2021, with a total market cap of $24.4 billion and a token value of $1.
Cardano – ADA
Cardano is an open source cryptocurrency network and project with the aim of creating a superior blockchain that overcomes the blockchain weaknesses of other top coins In addition, the coin is also geared towards cheaper, faster and more transactions. about the quantity.
Charles Hoskinson, co-founder of Ethereum and BitShares, started developing the platform in 2015 and released it in 2017. On the morning of March 29, ADA, the non-profit digital currency, was trading. at $1.19 and has a market cap of $40.4 billion.(Read more: the future of Bitcoin)
Polkadot is a unique cryptocurrency that aims to provide blockchain interoperability. Its protocol links permissioned and permissionless blockchains, as well as oracle, allowing systems to interact under one roof. Polkadot was created by Gavin Wood, Thiel Fellow Robert Habermeier and Peter Czab.
Ripple – XRP
Ripple is a very unique cryptocurrency because it focuses on solving problems related to international transfers and payments, first released in 2012. Ripple Labs created XRP as a token payment notification to use on its decentralized payment system, with the aim of helping people to use banking services, credit cards… easily, low cost, high security and processing speed handle quickly. As of April 2, Ripple XRP has a market cap of $26.8 billion and 1 XRP is trading for $0.5926.
Uniswap – UNI
Uniswap is a cryptocurrency exchange protocol that works on a decentralized basis. The name of the company that created the Uniswap protocol is also Uniswap. Through the use of smart contracts, the protocol enables automatic transactions between cryptocurrency tokens on the Ethereum blockchain. As of April 2, it has a market capitalization of $15.2 billion and 1 UNI is trading for $29.21.
Litecoin is also a coin created based on Bitcoin. This is an open source and cryptographic software project released under the MIT/X11 license. Litecoin closely resembles bitcoin in terms of technical characteristics. The advantage that Litecoin brings is that it has a supply and transaction speed 4 times faster than bitcoin with 84 million coins and a transaction speed of only 2.5 minutes instead of bitcoin’s 10 minutes.(Read more: priceaction / ema and fibo, macd)
In addition to the reduced transaction costs, the block commerce is also quite attractive and more anonymous. As of April 2, it has a market cap of $13.8 billion and 1 LTC is trading for $206.75.
ChainLink – LINK
The Chainlink decentralized oracle network (DON) is the leading on-chain provider that enables smart contracts on Ethereum to securely connect to external data sources, APIs, and payment systems.
Chainlink (LINK) is an Ethereum token that powers the Chainlink (DON) decentralized oracle network. As of April 2, it has a market cap of $12.8 billion and 1 LINK is trading for $30.58.
Bitcoin Cash – BCH ONLY
Bitcoin Cash is a cryptocurrency created in 2017 as a fork of bitcoin. The purpose of creating BCH was to solve some of the existing problems of bitcoin, especially in terms of block size and transaction fees.
Despite their differences, BCH and bitcoin have some technical similarities, like using the same consensus mechanism and a supply cap of 21 million coins. As of April 2, it has a market cap of $10.8 billion and 1 BCH is trading for $575.17.
To sum up, given the popularity of cryptocurrencies, investing in them should be done with extreme caution. Before investing in a cryptocurrency, investors must carefully evaluate its potential prospects to make their own decisions.