Cryptocurrencies have had a wild ride over the past decade since Bitcoin, the first-ever cryptocurrency, came into existence in 2009. Initially, it was created as a peer-to-peer payment system, completely decentralized, and not controlled by any central authority. As demand grew, so did the number of cryptocurrencies in the market, each with its unique features, strengths, and weaknesses. With the rise of Bitcoin from being worth $0.0008 in 2009 to a peak of nearly $65,000 in April 2021, the crypto industry has shown tremendous growth. For 2021, let’s explore the top 5 cryptocurrencies to buy.
1) Bitcoin (BTC)
Without a doubt, Bitcoin still takes the top spot in the cryptocurrency market. It’s the original cryptocurrency and has remained an influential coin since its inception. Bitcoin’s market cap is over $1 trillion, making it the most robust cryptocurrency globally, and it accounts for nearly 50% of the entire crypto market cap. The current price of bitcoin is $33,000 after an all-time high of $64,000 in April 2021. Despite the volatility in its price, Bitcoin has been a stable store of value for several years now and is expected to be around for many years to come.
2) Ethereum (ETH)
A close second, Ethereum is known for its blockchain platform that allows developers to create their decentralized applications using smart contracts. It’s the most popular platform among developers today, and its market cap is over $300 billion. Ether is Ethereum’s native cryptocurrency, and it’s currently trading at $2,000, down from its all-time high of $4,000 in May 2021. Ethereum’s future looks bright, considering its potential use cases. It has the potential to revolutionize industries such as the legal industry, supply chain management, and real estate, among others.
3) Binance Coin (BNB)
Binance Coin is the third-largest cryptocurrency by market cap, with a value of over $50 billion. It’s the native cryptocurrency of the Binance exchange, which is one of the most popular exchanges today. Binance Coin’s value is tied to the exchange’s success, making it an attractive investment option. In addition, Binance Coin can be used to pay for transaction fees on the Binance exchange, making it a valuable asset.
4) Cardano (ADA)
Cardano is a new blockchain platform that focuses on sustainability, scalability, and security. Its market cap is over $45 billion, and it has made significant strides this year. It has positioned itself as an alternative to Ethereum, and it’s currently trading at $1.50. Cardano has gained the attention of investors due to its focus on sustainability, which is a key issue in the crypto industry.
5) Dogecoin (DOGE)
Dogecoin was created in 2013 as a joke, but it has since become a popular cryptocurrency, with a market cap of nearly $30 billion. Dogecoin gained mainstream attention earlier this year when Tesla CEO Elon Musk tweeted and spoke about it on various occasions, leading to a surge in its price. Despite its unusual beginnings, it has managed to make a name for itself in the crypto market.
In conclusion, the cryptocurrency market is unpredictable, and the prices of these top cryptocurrencies may fluctuate over time. It’s important to do your research and invest wisely. These top 5 cryptocurrencies are expected to perform well in 2021, and they have a bright future ahead. Remember to invest within your means and always consult with a financial advisor before investing in cryptocurrencies.
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