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Top 10 Cryptocurrency Ratings 2021

Determining the top cryptocurrencies

August 22, 2021 | 

1368 Views | 

Jesus Guzman | 

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Top 10 Cryptocurrency Ratings 2021

Article Text:

Cryptocurrency is currently among the fastest-growing market, thanks to its increasing popularity. However, there are many cryptocurrencies that one can select; hence, making the process complicated. Many people are asking the same question: “which is the best cryptocurrency to invest in in 2021?”

This article will not suggest the right crypto to invest in, but it will enlighten you on the crypto ratings 2021. Before selecting a particular cryptocurrency, you should conduct thorough research to determine its position in the market.

From Dogecoin and bitcoin to Tether and Ethereum, there are many varieties of cryptocurrencies, which can twist your mind when you are new in the crypto world. To learn more, check the below list of the 10 most popular cryptos ranked according to the coin value or their market capitalisation.

Determining the top cryptocurrencies

Track record

Learn the performance of the company in the past few years of business. If there is price stability, then it is a good sign. Also, becoming more valuable and gaining traction with time is even a better sign for that particular cryptocurrency.

Longevity

How long has that crypto been in the market? New cryptos are not ruled out immediately. However, having some comparison data will help you see the performance and predict the future outcome of your investment.

Adoption rate

Determine the number of people investing in the crypto of your choice. If there is high adoption level, then the crypto has the best liquidity. Therefore, selling, spending and trading will be easier as you continue using the crypto.

Technology

Know the difference between a particular platform with others in terms of security and usability. The first important thing to check is the transaction speed. The best network should handle transaction traffic easily.

It is good to know your crypto investment is secure. Daily trends show that most cryptos use an easy to track technology with a transparent transaction: blockchain. Blockchain tech makes it easy for hackers to see your wallet and steal your crypto. Also, it is not easy to track your crypto investment once stolen.

Top 10 cryptocurrencies you can invest

Bitcoin (BTC)

Bitcoin is one of the cryptos that has been in the market the longest. It is not hard to see why it’s the leader with market cap, volume and priced higher than other options. There are thousands of crypto in the market, but bitcoin takes approximately 40% of the market cap.

Many businesses use bitcoin as part of their payment methods, which is the best and smart investment. For example, Elon Musk, Tesla CEO, has invested in bitcoin, Visa uses bitcoin in their transactions, and larger banks are incorporating bitcoin in their transaction offerings.

Binance coin

This is one of the cryptocurrencies to reach its maximum potential after 2017. In 2017, the cryptocurrencies price rose due to the bull market. Therefore, it reached its peak before decreasing in value and plateauing.

Unlike other crypto options, Binance crypto is gaining and consistently moving up after 2017. Because of the performance in the market, Binance is one of the stable crypto investment options and poses fewer investment risks.

Ethereum (ETH)

Ethereum is different crypto from other options, especially Bitcoin. It is a cryptocurrency, and at the same time, a network for developers to use Ethereum network to create their cryptocurrencies. Even though Ethereum is behind Bitcoin by far in value, it is ahead of other competitors by far.

Its unique technology is the reason why it is among the top 10 most popular crypto despite the fact that it is new in the market.

Tether (USDT)

This cryptocurrency is the stable of them all since it is US dollar tied. You will always get a dollar store in the Federal Reserve Bank for every tether unit. Therefore, Tether is the best cryptocurrency for investors who are ready to transact using their crypto.

However, people are worried about the truth about a dollar in the reserve bank for every tether unit.

Polkadot (DOT)

Ethereum leaders who had a better network than the previous one developed thus crypto. Polkadot has several “lanes” to transact, unlike others.

Polkadot is for real investors and not for people who only want to make money fast. Every investor involved in the company will have an opinion when making decisions on:

  • Network upgrade
  • Network fees
  • Removing or establishing Para chains

The only setback on this cryptocurrency is that it has no track record for comparison since it was introduced in 2016 and started trading in 2020.

Cardano

Cardano is one of the networks that attract many investors due to its smaller footprint and other several reasons. You need less effort to complete a Cardano transaction compared to larger networks like Binance or Bitcoin.

Therefore, the transaction is cheaper and faster. The network claims to be more secure and adaptable since it consistently improves its development to be ahead of hackers.

Litecoin

Litecoin was originally developed in 2011, the same time as Bitcoin. However, the take-off energy was different. The best thing about Litecoin is that it is faster than Bitcoin when it comes to transaction speeds (four times faster).

In 2017, Litecoin was crowned the first cryptocurrency to complete the lightning network transaction (the transfer was done for a second). Litecoin could increase its value dramatically if the company has a faster transaction through the lighting network.

However, Litecoin value will fluctuate since it is tied to other cryptocurrencies like Bitcoin. So, like Bitcoin, its value will rise and fall.

Ripple (XRP)

Ripple is a network company that is responsible for XRP unveil. This network is enticing to many investors since it offers international transactions, unlike other cryptocurrencies. Banks require at least ten business days to complete an international money transfer, but ripple will take only a second on the same transaction.

Additionally, the ripple network has joined hands with big banks worldwide to increase contracts, hence, more accessibility to adopters.

Stellar (XLM)

Known as XLM, Stellar‘s Lumens was established to fill the gap in the cryptocurrency world. It serves as a bridge between blockchain networks and banks, similar to PayPal. Stellar can trade and convert any currency across all networks as a decentralised platform. Therefore, all transactions are faster and cheaper than the average speed and price.

The competition is high in this network since its niche is the gap in the market.

Chainlink

The main thing that makes this network unique is its attractive price. Chainlink has affordable shares and is priced high enough to be penny stocks. This is a good sign to investors since it has room for growth and increases the value quickly.

Chainlink is available in one of the largest cryptocurrency apps in charts: Coinbase. The fact that it is accessible makes it appealing to many businesses and investors.

Final take

Cryptocurrencies are now part of our lives. The main question remains: “where is the best network to invest in considering cryptocurrency prices in the market?”

When deciding on the best cryptocurrency to invest in, you should have some of the below things at the back of your head:

  • Transaction fee
  • The speed to complete a single transaction
  • The ability to regularly use, purchase and transfer your cryptocurrency to any channel

If you wish to invest within a network without transacting, remember cryptocurrencies will not make you rich quickly; therefore, consider a long term investment.

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Total Market Cap The Total Market Capitalization (Market Cap) is an indicator that measures the size of all the cryptocurrencies.It’s the total market value of all the cryptocurrencies' circulating supply: so it’s the total value of all the coins that have been mined.

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Price Cryptocurrency prices are volatile, and the prices change all the time. We are collecting all the data from several exchanges to provide the most accurate price available.

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