Top trending cryptos of 2021
- Written by NewsCo
The world of cryptocurrency is becoming denser as the emergence of new virtual currencies is having a great impact on the current market. Since 2017, there are numerous cryptocurrencies that started their journey to dominate the digital asset market by introducing solutions to existing problems faced by blockchains.
Although popular digital assets like bitcoin still hold critical significance in the crypto world, the attention of investors has been directed towards cryptocurrencies that hold great profitability potential. Investors are looking forward to top cryptocurrencies in order to add a mix to their portfolios. Bitcoin once again shook the world by its highly volatile nature, by reaching an all-time high of $ 63,000 and then within a few weeks melted down to almost $ 39000 as of today, giving room to investors to buy bitcoin before it spikes again
As virtual currency payments are becoming widely accepted by businesses, this seems to be the right to invest in some top cryptocurrencies. You would go through some top trending cryptos of 2021 in this article, which would help you in deciding the right coin to invest in.
Binance Coin
Binance coin is one of the most well-reputed digital currencies in the market, with a market capitalization of more than $90 billion. This virtual currency was launched in 2017 and earned the title of third-largest cryptocurrency. This coin is a native digital currency of Binance exchange and the company is developing a new ecosystem “Balance Smart Chain”. The plan is to become the primary infrastructure service provider for the entire blockchain ecosystem.
Binance coin is traded with the BNB symbol and based on the Ethereum network. The amazing fact about Binance coin is that every quarter, the company reinvests one-fifth of its profit to repurchase and permanently “burn” or destroy. The current price of Binance Coin is almost $506 in USD.
Solana
Solana is one of the emerging Defi ecosystems that now has its own cryptocurrency. Its value has been escalating since the start of the decade. It was officially launched in 2020, and the eye-opening fact is that it has managed to become the 14th largest cryptocurrency.
This web-scale blockchain has managed to solve the blockchain scalability trilemma by providing secure, scalable, fast, decentralized marketplaces and apps. Solana blockchain claims to satisfy all properties of a blockchain: security, scalability, and decentralization.
Cardano
Cardano has shown tremendous growth over the last few months. The start of 2021 was quite amazing as the coin's value appreciated from $0.182 to $1.45 in February. The recent update indicates the ability to create smart contracts that would enable developers to start working on dApps, the Defi sector, and many new cryptocurrencies. This influences the price of its coin and currently, it stands at $ 1.66.
Cardano is a blockchain platform based on proof-of-stake. It provides the most environmentally sustainable blockchain protocol that is secure and decentralized. It is moving towards full decentralization and boasts cheap transactions. The main goal is to provide secure and transparent global payment systems.
Ether
Ether is the second most famous cryptocurrency worldwide with a market cap of almost $315 billion. The blockchain was officially introduced to the mainstream crypto world in 2015 and since then it has been growing at a tremendous pace. Ethereum blockchain is well-known for smart contracts that enable decentralized applications like the famous decentralized finance service (Defi).
Ethereum platform allows a higher number of public blockchain transactions which makes it a better blockchain than bitcoin. Ether is the native virtual currency of the platform which is also the second-largest cryptocurrency by market cap. The use of the Ethereum blockchain is widely spread in different sectors of the economy. The current Ether price in USD is almost $2675.90.
Dogecoin
If you stay tuned with the crypto market, you would probably have heard or read about it. According to crypto experts, this is the cheapest virtual currency to buy in 2021. Like bitcoin value was overnight appreciated when Elon Musk announced to invest in it, DogeCoin is the second one in the list after bitcoin to get the spotlight from the Elon Musk involvement.
Who would have imagined that the coin which was trolled as a joke would become one of the mainstream cryptocurrency in the crypto market. The hints by Elon Musk to invest in Dogecoin are becoming more visible, and thanks to “Elon Musk tweets” recently the price speculation caused dogecoin to spike from $0.007635 to an all-time high of $0.074398. The current price in USD is $0.3566.
Conclusion
A good crypto-mix portfolio at least includes two of the above-mentioned cryptocurrencies. There are several other blockchains as well that are close to introducing their native cryptocurrencies. You could easily trade top trending cryptos in platforms like the “bigmoneyrush.app” which offers up to 200 Crypto CFDs at maximum profitability.
Daily Bulletin
