![]() Just like other stablecoins, it looks to avoid the general volatility associated with cryptocurrencies.ĭogecoin is a cryptocurrency that was propelled into the limelight by high profile individuals like Elon Musk. USD Coin is a stablecoin that’s pegged to the value of 1 USD just like USDT. Polkadot’s native crypto has gained more than $35 over the past year. Polkadot is a decentralized blockchain platform that allows others to build blockchains on top of it. XRP is its native cryptocurrency with benefits like low fees and lightning-quick transactions. XRP Ledger is a blockchain platform that was built to facilitate transactions. ADA briefly inched above $3 in 2021 and is currently at $1.83. But since then, it has gained more than $200 and is currently trading at $212.17 with 13,796.80% growth since the start of 2021.Ĭardano is a blockchain platform that allows for easy P2P transactions using its native cryptocurrency ADA, which was trading at $0.02 in 2017. SOL is the native cryptocurrency of Solana. Solana is a decentralized blockchain that allows applications to be deployed to it with benefits like quick scaling and low transaction costs. Stablecoins look to avoid the volatility of cryptocurrency by staying pegged to a traditional fiat currency. Tether is a stablecoin that is pegged to the value of 1 USD. BNB has grown from $0.10 back in 2017 to over $560 in 2021. However, BNB moved to the Binance Chain, which is Binance’s own blockchain, in February 2019. Binance Coin was initially built on the Ethereum network. Binance Coin (BNB)īinance is the largest crypto exchange in the world and Binance Coin (BNB) is the crypto native to the platform. Many consider ETH and BTC to be rivals, adding fuel to the question of which cryptocurrency is best.Īs of writing this blog, Ethereum has a bigger market cap than companies like Visa, Johnson & Johnson, Walmart, Adobe, Netflix, Walt Disney, and others. The protocol can be used to deploy decentralized applications, a feature that several companies, cryptos, and tokens have benefited from.Įther is the native cryptocurrency of the protocol and has grown from less than $8 in 2016 to over $4,000 in 2021. Ethereum (ETH)Įthereum went live in 2015. Thus, many include it in the list of best cryptocurrencies to invest in. The growth of Bitcoin has been nothing short of stellar, having gone from $324 in 2014 to over $60,000 in 2021.įun fact: Bitcoin has a bigger market cap than all but 5 of the biggest US publicly traded companies. It was the first-ever cryptocurrency introduced to the world.īitcoin was invented to fix the inefficiencies of banks who had been the gatekeepers of financial trust. Bitcoin (BTC)īitcoin was introduced in 2009 by Satoshi Nakamoto, a person whose identity still remains a mystery to this day. Without further ado, here are the top cryptocurrencies by market cap. Thus, the market cap becomes one of the best ways to categorize which crypto is best to invest in. Regardless of whether you’re speaking of crypto or stocks, market capitalization is considered to be a true indicator of the true value, worth, and potential of the asset in question. In the world of crypto, it indicates the value of the current price of crypto multiplied by the number of coins in circulation. Market capitalization is a spillover term from the world of stocks. Top 10 Cryptocurrency To Invest In December 2023 By Market Cap You can consult a Cube Wealth coach or download a Cube Wealth app. In this blog, we’ll help you gain a better understanding of the best cryptocurrencies to invest in based on two important factors - market cap and recent gains. That said, knowledge is the best tool that any investor can have up their sleeve. ![]() The volatility is in fact one of the reasons why you should be extremely careful when asking questions like “in which cryptocurrency should I invest” and “which is the best cryptocurrency to buy now”. A fair chunk of these cryptocurrencies has gone on to gain tremendous value.īut the reality is, many other cryptocurrencies have faltered due to various reasons like the rampant volatility and uncertainty associated with the asset. Since then, several new cryptocurrencies have been created like Ethereum, Binance Coin, Solana, Dogecoin, and more. The first-ever cryptocurrency to be introduced to the world was Bitcoin in 2009. A cryptocurrency is a decentralized asset that can be traded on an exchange or used to pay for goods and services.
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